What the buyer needs
AI summaryThe City of Flagstaff seeks experienced developers to redevelop the Siler Homes public housing site. The goal is to more than double the number of residential units and create a mixed-income neighborhood. The redevelopment aims to support the City's 10-Year Housing Plan, which seeks to create or preserve 7,976 housing units by 2031. This initiative will increase the supply of market-rate, workforce, and affordable housing. The City plans to reposition its public housing portfolio through the HUD Rental Assistance Demonstration program. The City will retain control of the project, potentially as a ground lessor or part of the project owner entity.
