Request for Applications – RVARC Housing Development Program

The Roanoke Valley-Alleghany Regional Commission (RVARC) is soliciting partnership applications from applicants seeking funding from the RVARC Housing Development Program. This grant funding provides for the actual production of new affordable and workforce housing units that can serve as a model for further development both within the Roanoke Valley-Alleghany Regional Commission service area (Planning District 5), as well as for other Planning Districts throughout Virginia.  This includes rental and home-ownership units, new construction, acquisition/rehab/repair of existing vacant units, or adaptive reuse of existing structures to incorporate housing units.

Additionally, the funding seeks to increase the inventory of affordable housing units in underserved markets and among historically marginalized tenants and first-time homebuyers. The RVARC invites qualified vendors to submit proposals to perform a market rate housing demand analysis and development strategy.

Sealed applications will be received until 5:00 p.m., EST on March 18, 2022.

A full copy of the RFA may be obtained here. Attachment #1 – RVARC Housing Development Program Budget Template, an Excel file, can be downloaded here.

Corrections to the RFA

      1. First page of the PDF: revised second paragraph to reflect revised application deadline of Friday, March 18th, 2022 at 5:00 p.m.
      2. Page 3 of the document: revised first table to reflect Virginia Housing Multifamily Tax Subsidy Program Income Limits from April 2021.
      3. Page 10, Tie Breaking Criteria: (pages 6 and 8)

Revisions

        1. The application deadline has been extended to 5:00 p.m. on Friday, March 18, 2022.
        2. The deadline for submitting questions on the RFA has been extended to 5:00 p.m. on Friday, February 25, 2022.
        3. Page 9, second, third, and fourth paragraphs: Awards will be based upon applications which are: 1. the highest ranked application for each locality grouping; and 2. determined to be the vest value to the RVARC; and 3. determined to be in the best interest of the RVARC.Awards will be made at the amount requested if the total of such requests from all selected applicants is $1.35 million or less.  If total requests exceed $1.35 million, awards will be prorated.  For example: if requests total $3 million, each selected applicant would be awarded about 45% of funds requested.If funds are left over after all selected applications have been funded, at RVARC’s discretion, the remaining funds will be either: (1) held in contingency for unexpected cost increases among the winning applications or (2) distributed by a second RFA process.

Questions

Click here for answers to questions submitted about the RFA.

Contact Bryan Hill at bhill@rvarc.org for more information.

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