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Lake County Housing Authority Request for Proposals HCV Project Based Funding Assistance New and Renewal Contracts

The Lake County Housing Authority (LCHA) is issuing a competitive Request for Proposals (RFP) from experienced rental housing providers to receive project based Section 8 assistance for existing, new construction and housing undergoing substantial rehabilitation. The housing must be situated within Lake County outside of the cities of North Chicago and Waukegan. LCHA’s goals for project basing Section 8 assistance are to increase and preserve affordable rental housing opportunities for lower income Lake County households.

Through this RFP the authority intends to make up to 250 Section 8 vouchers available for project based assistance for terms of three to fifteen years. Contract terms may be extended subject to federal appropriations and contract performance. No more than 25% of units in any one project may receive project based assistance with the exception of single family dwellings, developments for elderly or disabled families, and developments that offer supportive services. Funded projects must be ready to enter a Housing Assistance Payment Contract by April 30, 2012. Units proposed for project based assistance must be vacant or occupied by a lower income household not receiving tenant based assistance on the date of submission. Thereafter all new occupants must result from a referral from the LCHA waiting list. In addition the owner must certify that tenants have not been displaced to qualify a unit. Preference will be given to proposals which meet the following criteria:

• Rental housing located in census tracts with poverty rates below 15%.
• Rental housing with three or more bedrooms
• Rental units with supportive services for special needs populations
• Proposals which provide single-family housing using formerly foreclosed properties.
• Proposals with longer contract terms.

Click here for the application and more information.