City-Owned Real Property Service

The City of Clearwater, Florida is seeking a vendor to purchase and redevelop city-owned real property. The agency is attempting to solve a shortage of affordable housing by requiring the selected partner to provide affordable or workforce housing opportunities on the site. To ensure long-term compliance, the buyer requires the inclusion of deed restrictions or other enforceable affordability mechanisms targeting households earning at or below 120 percent of the Area Median Income. The scope of work covers the acquisition of the property and the timely completion of its redevelopment. Bidders must demonstrate the specific ability to execute this redevelopment within a prompt timeframe. The performance of all redevelopment work must take place onsite at the designated property in Clearwater. Eligibility is restricted to onshore organizations based in the United States. The agency is accepting proposal submissions digitally via email or through an online portal. The buyer is currently looking for proposals to establish the budget and financial terms for the property transaction and development.