Redevelopment opportunity in Memphis, Tennessee

The Memphis and Shelby County Community Redevelopment Agency (CRA) is seeking proposals for the rehabilitation of two vacant single-family dwellings in the Bickford & New Chicago neighborhoods.

The rehabilitated homes can be rental or owner-occupied as well as range between low-income & market-rate. The CRA will ultimately convey the property to the selected developer(s) subject to the terms of a development agreement. The selected developer will be responsible for marketing and renting or selling the units.

Proposals which include conversion to affordable or other essential housing (low-income, missing middle, transitionary, workforce) will receive priority and may be eligible to receive the property(ies) as subsidy.

Through this RFP, the CRA seeks proposals for one or both properties that:

• Demonstrate experience in rehabilitating dwellings in an urban context.
• Propose a realistic strategy for starting construction within 6 months from the date of the executed rehabilitation agreement.
• Demonstrate the ability to obtain and work efficiently with private and public financing for affordable housing development.
• Present a development concept that meets the goals of this RFP and the Uptown Community Plan.