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DEVELOPING AFFORDABLE HOUSING - EXPRESSION OF INTEREST

  • Start Date:04/01/2024 4:57 PM
  • Close Date:05/15/2024

The Township of Maplewood Request For Expression Of Interest (RFEI)

In Developing Affordable Housing in Maplewood, N.J.

 

ISSUE DATE:                                                         Monday, April 1, 2024

SUBMISSION DUE DATE:                                   Wednesday, May 15, 2024, 11:00 AM EST

The Township of Maplewood, N.J. (Township) invites non-profit and for-profit housing developers (Developers) to express their interest in developing affordable housing in Maplewood. The Township is seeking to increase the number of affordable units in Maplewood to serve families meeting the regional income limits by household size as prepared by the Affordable Housing Professionals of New Jersey. Affordable units may be in new or rehabilitated buildings and may be for rent or sale. The Township prefers multi-unit, mixed-income development with at least fifty percent (50%) of the units being affordable. Properties for construction or rehabilitation of the affordable units are to be acquired by Developers in the private marketplace.

The Township will assist Developers with technical assistance and support. Among the tools the Township may use are expedited construction reviews and inspections, zoning or regulatory changes, property tax incentives, and property assessment caps during the years of deed restriction. The Township may consider the possibility of providing project funding to Developers but shall not be obligated or expected to do so. The Township will assist Developers in identifying potential sites for building or rehabilitation, including within redevelopment areas.

RFEI documents may be accessed by sending an email to vdeluca@maplewoodnj.gov with your name, business name, address, telephone number, fax number, and email address to be used if addenda are required. There will be no charge for the RFEI Documents.

 

TOWNSHIP OF MAPLEWOOD

574 VALLEY STREET

MAPLEWOOD, NEW JERSEY 07040

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