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Bid Title: Property Acquisition for Affordable and/or Attainable Housing
Category: General Government
Status: Closed

Description:

REQUEST FOR PROPOSALS

The Town of Chatham, Massachusetts (“Town”) and the Chatham Affordable Housing Trust are seeking Proposals for the purchase of a parcel of land, or parcels of land, within the Town suitable for the construction or an existing building suitable for renovation for use as a mix of affordable and attainable housing (30% of Area Median Income and up to 200% of Area Median Income). The Town will also consider Proposals for the donation or lease (minimum term of 99 years) of property.

The property being offered must be suitable for the Town’s intended use and meet the specifications contained herein. The Town will consider all parcel sizes, however, the parcel must be located in the Town; must have good and clear record and marketable title satisfactory to the Town; must have title insurable, for the benefit of the Town, by a title insurance company acceptable to the Town, in a fee owner's policy of title insurance at normal premium rates, in the American Land Title Association form currently in use; must be free of liens and encumbrances; may not have easements, restrictions, or reservations of record that interfere with use of or access to the property for the Town’s intended purposes; and, must have real estate taxes paid to date of sale. The successful owner of property offered for sale must be prepared to enter into a purchase and sale agreement within thirty (30) days from the award of this Proposal.

The Town is seeking to acquire real property, by purchase or gift, which it, in turn, intends to market to prospective developers for the construction and operation of affordable and attainable housing, Area Median Income range as identified above.  Any developer will need to obtain permits for an affordable and attainable housing development, and will apply for State, County, and Town grants for construction funds.   Any award of a purchase and sale agreement for property as a result of this RFP will be subject to successful identification of a developer, permitting, financing, and other contingencies necessary for a housing project to move forward.  

Sealed proposals will be received at the Office of the Town Manager, 549 Main Street, Chatham, MA 02633 until 2:00 PM on THURSDAY, DECEMBER 8, 2022. Late submittals will not be accepted.  After the bid closing time, the Interested Party submittals will be opened for the sole purpose of recording the names of the Interested Parties submitting.

Critical RFP Dates

RFP Available for Distribution                                    October 26, 2022

Central Register                                                             November 2, 2022

Chatham Website & Town Hall Posting                  October 26, 2022

Cape Cod Chronicle Advertisement                          November 3, 2022 & November 10, 2022

Written Questions Accepted by                                November 18, 2022

Addenda Issued by                                                       November 21, 2022

Deadline for Submissions                                            December 8, 2022

Publication Date/Time:
10/25/2022 12:00 PM
Closing Date/Time:
12/8/2022 2:00 PM

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