Title
Vote on a request approve selection of Wallick Communities for the Affordable Housing Opportunity RFP and grant the County Manager authority to negotiate the development contract and the authority to execute the contract.
Abstract
Action Requested: Approve the selection of Wallick Communities for the Affordable Housing Opportunity RFP and grant permission to the County Manager to negotiate and approve the development contract in anticipation of the 2020 LIHTC tax cycle.
Introduction & Background:
On November 26, 2019 Chatham County released a Request for Proposal (RFP) for an Affordable Housing Opportunity on County owned property in Siler City for the 2020 LIHTC Application cycle.
Discussion & Analysis:
Wallick Communities submitted a comprehensive and fully responsive product for their RFP response. Of the three applicants, Wallick scored the highest, and aligns well with County affordable housing properties.
This project and county support is contingent on Wallick Communities being selected to receive a LIHTC award in August 2020
How does this relate to the Comprehensive Plan:
Goal 10
Budgetary Impact:
Applicant will pursue reimbursement of impact fees - This has not been applied for as of yet, but has been indicated in their submission.
Applicant is requesting Housing Trust Fund dollars - This is pending contract approval
Recommendation:
Approve selection of Wallick Communities for the Affordable Housing Opportunity RFP released in November 2019 for County owned property in Siler City, and grant the County Manager the authority to negotiate the development contract in anticipation of 2020 LIHTC cycle.