Elm Street Commons Affordable Housing Preservation
Anaheim > Housing Authority
Original Solicitation Links
DEV2026-RFP0002
]request for proposals - elm street commons
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Description
The Anaheim Housing Authority is soliciting proposals from qualified affordable housing developers to acquire, through a long-term ground lease, the Elm Street Commons affordable multifamily rental housing development located at 111-125 West Elm Street, Anaheim, California. The selected Developer will partner with the Authority to preserve long-term affordability and stabilize the property. The Project is a 52-unit, 100% affordable rental community currently restricted to households earning 30%-60% of Area Median Income (AMI). The Authority recently acquired control of the property to prevent foreclosure, stabilize operations, and preserve affordability. The Authority intends to transfer long-term operational responsibility to a qualified Developer with demonstrated expertise in affordable housing preservation. The Developer will assume long-term responsibility for operations, financial management, physical maintenance, and affordability of the Project. Responsibilities include financial stabilization and management, addressing short-term repairs and deferred maintenance, property management and compliance with TCAC and other requirements, and environmental compliance including assuming the existing Standard Voluntary Agreement with the Department of Toxic Substances Control (DTSC) and developing and implementing a Removal Action Workplan (RAW). The Authority will retain land ownership and enter into a long-term ground lease with the selected Developer, who will assume the existing Authority debt positions (Senior Loan of $2,881,430.20 and Subordinate Loan of approximately $11.14 million).
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Specifications
Timeline
Join TeamsRequirements
- Minimum 3 references
- Client point of contact required for each reference
Documents
| Title | Date Posted |
|---|---|
| A - Exhibit A_Rent Roll_Redacted | Aug 10, 2026 04:33 PM |
| C - Exhibit C_Service Contracts | Aug 10, 2026 04:33 PM |
| Dev2026-RFP-002 - Elm Street Commons | Aug 10, 2026 04:33 PM |
| B - Exhibit B_PCA Report | Aug 10, 2026 04:33 PM |
| D - Exhibit D_Regulatory Agreements | Aug 10, 2026 04:33 PM |
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