Development of a Portion of the Salt Flats

Grand Junction Housing Authority

The buyer seeks an experienced affordable housing developer to partner on developing 3-4 acres of the Salt Flats property in Grand Junction, CO. The project aims to create 60-120 affordable rental units meeting CHFA requirements and environmental sustainability standards. The development must comply with a 40-year affordability covenant and potentially include housing for veterans. The buyer is open to various financing strategies and partnership structures.

• 3/3/2025 - Pre-Submittal Conference
• 3/4/2025 - Questions Deadline
• 3/7/2025 - Addenda Issued
• 3/14/2025 - Proposal Due Date
• 3/28/2025 - Final Selection and Notification

• Develop affordable housing on 3-4 acres of the Salt Flats property
• Meet terms of CHFA Grant Agreement and associated Covenants
• Design and construct 60-120 affordable rental units
• Obtain necessary financing, potentially including LIHTC
• Implement environmental sustainability standards
• Provide housing for low-income residents and potentially veterans
• Manage property long-term or partner with GJHA for management
• Achieve 40-year affordability restrictive covenant