Title: Small Rental Rehab Program Opportunity 2024

Deadline: 9/21/2023 4:00 PM   (UTC-06:00) Central Time (US & Canada)

Status: Awarded

Description: LEGAL NOTICE
City of Quincy, Illinois

Request for Proposals
Small Rental Rehabilitation Program Opportunity

The City of Quincy is offering Small Rental Rehabilitation Program (SRRP) funding to assist redevelopment proposals to rehabilitate existing, distressed rental dwelling units or to develop new market-rate rental units through new construction or through the conversion of existing buildings. Building owners with property west of 18th Street, within the City limits, may submit proposals for SRRP funding assistance. Properties located within the Downtown Tax Increment Finance (TIF) District are not eligible for SRRP funding. City SRRP funding will provide zero interest loans for fifty percent of the total cost of renovation/construction up to $20,000 per unit, with the balance of the project cost paid by the owner. Upon project completion and a five-year compliance review, the SRRP loan is forgiven.

Proposals are to be submitted in a sealed envelope to: Purchasing Agent, 730 Maine St., Suite # 226, Quincy, IL 62301. The outside of the envelope must be clearly marked, “Small Rental Rehabilitation Program Proposal.” Proposals will be accepted no later than 4:00 p.m., Thursday, September 21, 2023. RFP specifications and Small Rental Rehab Guidelines can be found online at www.quincyil.gov/bids. The City of Quincy reserves the right to waive technicalities and to reject any and all proposals. The City of Quincy reserves the right to accept the most advantageous proposal for the city.

By order of:

Mary-Ann Ervin
Purchasing Agent

Pre-Bid Meeting Date: 9/7/2023 5:00 PM

Pre-Bid Meeting Details: Public informational meeting to discuss the SRRP guidelines and requirements. The meeting will take place in the Quincy City Council Chambers located at Quincy City Hall, 730 Maine Street, Quincy IL 62301.

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