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Upper Floor Housing Grant
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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