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Housing bureau issues RFQ for Grant Warehouse project

By: Stephanie Basalyga//May 4, 2015//

Housing bureau issues RFQ for Grant Warehouse project

Stephanie Basalyga//May 4, 2015//

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The is calling for submissions of a request for qualifications for the development of a vacant set of parcels totaling 32,400 square feet on Northeast Martin Luther King Jr. Boulevard between Northeast Ivy and Northeast Cook streets.

The parcels, known as the Grant Warehouse Redevelopment Project, are located within the Interstate Corridor Urban Renewal Area. The project will incorporate between 45 and 70 two- and three-bedroom units that are affordable for those whose income is at or below 60 percent of the median family income level. The project also will feature retail outlets on the ground floor.

For the segment, the housing bureau will award up to $4.5 million in tax increment funding from the urban renewal area, up to $10,000 for contracting support and a predevelopment feasibility loan of up to $25,000. The housing bureau encourages development teams to form partnerships 鈥渢o enhance responsiveness to this RFQ.鈥

More details on the RFQ can be found on the housing bureau’s .

 

 

 

 



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