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Upper Floor Housing Grant

1/19/2024
$200,000
Hagerstown, Maryland

City of Hagerstown

The buyer is seeking proposals from developers to participate in a Community Legacy-assisted program. The program aims to provide matching funds for developers to adapt vacant or under-utilized upper floors for market rate housing. The goal is to create 12-40+ units per project to accelerate efforts to change market conditions downtown. The buyer has been awarded $200,000 in Maryland Community Legacy grant funds to be applied to the expenses of creating the units in the Upper Floor Housing Grant Program.

  • 1/19/2024 - Proposal Due Date
  • 6/1/2025 - Project Completion Deadline
  • Experience in residential development and renovation/adaptive re-use of older buildings
  • Capacity to accomplish project
  • Experience in management of multi-family residential properties
  • Good standing with City, County, State, and Federal governments
  • Adapt vacant or under-utilized upper floors for market rate housing
  • Create 12-40+ residential units per project
  • Secure matching funds equal to the amount of awarded grant
  • Complete project by June 1, 2025
  • Install required amenities including sprinkler systems and central HVAC
  • Provide fully secured upper floors with exterior entry door locks
  • Develop market rate housing units
  • Obtain necessary permits and comply with local, state, and federal codes
  • Submit detailed renovation and construction plans
  • Manage and maintain multi-family residential properties

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