The City of Menlo Park announces the availability of funds for affordable housing developments in Menlo Park.
Approximately $11.5 million in Below Market Rate housing funds is available under the
Notice of Funding Availability
(NOFA) to support the acquisition, rehabilitation or new construction of housing that will provide long-term affordability. The City intends for this funding to fill the financing gap between the projected total development costs and other available funding sources.
Qualified developers of affordable housing who can meet the NOFA qualifications and demonstrate their ability to design, build, and manage affordable housing are encouraged to submit proposals. All proposals are due no later than
5 pm, Thursday, January 31, 2019
.
