What's New Details

What's New lists City of Monterey or City of Monterey-sponsored events, office updates regarding city programs and services, news releases and city meetings. Other events around the community can be found at the Monterey County Convention and Visitor's Bureau, www.seemonterey.com.

I-SEARCH MontereyThe City Meetings Calendar lists meetings for City Council and Planning Commission. They can also be found on the Meetings tab at isearchmonterey.org. Dates are posted 3 days prior to the upcoming meeting.

For the very latest, Twitterfollow us on Twitter

News Search

Request For Proposals Affordable Housing Development Opportunity, Extended Deadline - October 2, 2020

Community Development Department

  • 31 August 2020
  • Number of views: 1327

Event date: 10/2/2020 3:30 PM - 4:00 PM Export event

Request For Proposals Affordable Housing Development Opportunity, Extended Deadline - October 2, 2020

Original date of Sep 4 extended to Oct 2, 2020 - The City of Monterey is pleased to announce that the date to submit proposals to develop four City-owned sites has been extended from 4:00 p.m. on September 4th to 4:00 P.M. on October 2nd. The City has received considerable interest and questions about the Request for Proposals and staff will be issuing an addemdum and a response to questions the week of August 24th. The extended timeline is intended to provide sufficient time for interested development teams to consider the addendum and response to questions prior to submitting their complete proposal.   

Addendum #1 - posted Aug 24, 2020
Addendum #2 - posted Aug 31., 2020

Housing Element

The City of Monterey (“City”) is pleased to announce the development opportunity for four City-owned sites located in the Downtown Specific Plan area (the “Project Sites”). The City invites experienced affordable housing development teams that have demonstrated the ability to design, build, and manage multi-family affordable housing projects in California to submit development proposals for one or more of the sites (“Project”).

The City seeks proposals that focus on affordable housing for a range of affordable income levels; however, all units must be limited to income qualified households with incomes below 120 percent or lower of the area median income (“AMI”). The Project must include high quality design, development, financing, construction, and management.

Prospective developers must submit development proposals to the City detailing the proposed development, developer background, comparable project experience, project vision, conceptual architectural design, and financing plan. The City intends to compile a short list of developers, conduct a series of interviews, and ultimately select a preferred developer for each site.

Once terms are reached following initial negotiations, the selected developer will enter into an Exclusive Negotiating Agreement (“ENA”) with the City.  The ENA will allow the selected developer(s) sufficient time to complete its due diligence on the Project Site(s) and provide a process for the negotiation and preparation of subsequent transaction documents ultimately leading to actual development of the Project.  

Interested parties should submit one (1) sealed hard copy, plus one electronic copy, of the proposal no later than 4:00 p.m. on October 2, 2020.  Proposals will not be accepted after this time. Proposals should be addressed to:

City of Monterey
c/o Grant Leonard, AICP, Housing Programs Office
City Hall
570 Pacific Street
Monterey, CA 93940

For questions, please contact Grant Leonard by email, leonard@monterey.org, or by phone, 831-646-3995. 

RFP and Supporting Documents | Related News Release