Affordable Housing Preservation Funds Service

The City of East Palo Alto requires a vendor to provide housing preservation funds services that convert existing market-rate single-family and multi-family properties into deed-restricted affordable housing. The program goals focus on preventing displacement of lower-income households, preserving long-term affordability, and helping non-profits and tenants purchase and rehabilitate properties. The selected applicant must serve vulnerable populations, provide opportunities for resident-controlled housing, and maximize preserved units by maintaining the lowest per-unit subsidy cost to the city. Only onshore, USA-based organizations are eligible to apply, and performance of the work will take place offsite. The total available budget is $2,099,044, which consists of $2,050,000 in Housing In-Lieu Funds and $49,043.52 in County of San Mateo Equity Innovation Funds. Applicants must submit their applications electronically to [email protected] through an ongoing, over-the-counter process starting October 12, 2026. Hard copy submissions are not accepted, and applicants may direct any questions to Yajaira Morales at the same email address.