Housing Production Fund Service

The Canton, Massachusetts government authority is seeking a vendor to provide a housing production fund service. The agency needs to establish access to housing trust resources that will support qualified proposals from both for-profit and nonprofit developers and property owners. This initiative aims to solve the local shortage of affordable housing by facilitating the creation and preservation of affordable rental and homeownership housing. The scope of work requires the vendor to manage and administer these housing trust resources offsite. Eligible housing units receiving this funding must be affordable to individuals or households with an income of no more than eighty percent of the area median income. The agency will evaluate proposals based on criteria that align with the town's local comprehensive plan, the housing production plan, and the community preservation committee's annual plan. Bidders must be onshore organizations based entirely in the United States. The agency is currently looking for proposals to determine the budget and has not disclosed a specific funding limit. The source document does not contain key dates for this procurement.