Request for Proposals for 1218-1224 N 15th Redevelopment

Sponsor: Community Development Administration
Procurement Type: Request for Proposals  and or Qualifications

Starting Date: 10-01-2019
Closing Date: 10-31-2019
Closing Time: 04:00 PM

Summary
The City of St. Louis requests proposals from qualified developers for the purchase and development of a nonprofit civic enterprise empowerment center.  The activity is partially funded by a Choice Neighborhood Implementation Grant (CNIG) from the U.S. Department of Housing and Urban Development (HUD) administered by the Community Development Administration (CDA).  The funding completion deadline is December 2023.  Additional funding is available through New Market Tax Credits (NMTC) being issued for the project through the St. Louis Development Corporation (SLDC).  Prospective bidders are required to purchase property at 1218-1224 North 15th Street and own it for a minimum of seven years to facilitate the use of leveraged NMTCs issued by a grant awarded to SLDC by the U.S. Department of the Treasury to the SLDC.

Closing Date: 10-31-2019 at 4:00pm

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