LA seeks housing partner

The City of Los Angeles is seeking innovative proposals that maximize private financing and financial structuring to deliver a major affordable housing-led regeneration project.

The Housing Authority of the City of Los Angeles (HACLA) seeks proposals from developers and/or development teams to transform the Rancho San Pedro (RSP) public housing site into a vibrant mixed-income/mixed-use community that interconnects with the larger neighborhood. Developers must commit to leveraging the full potential of this site.

Bidders must demonstrate significant P3 experience. The selected developer must capitalize on the location and surrounding investments to create a public/private model that “leads the country in innovation, community engagement and sustainability”. 

The developer will pursue all reasonable sources of financing and will utilize a variety of partners and partnerships.

The selected developer will work in coordination with HACLA, residents and stakeholders to develop a master plan for the redevelopment of Rancho San Pedro that requires; replacement and affordable units, financing, design, resident engagement/contracting opportunities/partnerships.

The site currently includes 478 public housing units on 21.2 acres of land. The first phase was constructed in 1942.

Under a three-stage process, qualifications are due by January 18, with questions due December 8 and a pre-submission meeting November 28. The contract is to be awarded in November 2018.

For more information, click here.