Equity Investor Limited Partnership for the Newman Gardens Affordable Housing Development

The Housing Authority of the County of Kern and Wasco Affordable Housing, Inc. seek proposals from equity investors to enter into a limited partnership for Newman Gardens, a 51-home affordable housing development in Wasco, California. The project requires $21,413,736 in construction financing for a planned new construction Low Income Housing Tax Credit development featuring 13 residential buildings, a community building, and 53 surface parking spaces. Eligibility is restricted to onshore United States organizations, and investors must include 15-year projections within their proposals. Proposals must be received by December 3, 2026, and may be submitted digitally or delivered to 601 24th Street in Bakersfield, California. The agency will evaluate submissions based on equity pricing and timing, required guarantees, additional reserve requirements, and investor experience, reputation, and references.