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Posted on: June 28, 2022

City Opens RFQ Process For Affordable Housing Development

Through its Home Ownership Program for Equity (HOPE), over the next few years the City of Golden Valley will make up to 15 publicly owned vacant properties available primarily for the development of housing for affordable and equitable homeownership. Proposals from developers for the first four properties will be accepted until 5 pm Friday, July 22, 2022.

The goal of HOPE is to help reduce racial disparity in homeownership, build wealth, provide long-term affordability, and support Disadvantaged Business Enterprises (owned, operated, employed, contracted, subcontracted). The City will use its Public Land Disposition Policy to provide a land write-down as an incentive for development of homes affordable at less than 115 percent of Area Median Income (AMI), with a priority for affordability at 80 percent or 60 percent of AMI. 

The properties included in the first developer Request for Qualifications (RFQ) include:

  • 2415 Douglas Drive
  • 1605 Douglas Drive
  • 208 Meander Road
  • 4707 Circle Down

The complete RFQ is available on the City website. Priority is given to proposals from organizations with demonstrated success in building relationships of trust with Black, Indigenous, and people of color and in serving first generation homebuyers. 

More information about HOPE (income limits for home buyers, details about the properties currently available for development, and project selection standards, requirements, and funding priorities) is available on the City website

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