Description
The City of Charlotte is accepting proposals for 5342 and 5350 Reagan Drive, the former Economy Inn hotel site. The site is located in the Sugar Creek Corridor and the project is part of the City of Charlotte's Corridors of Opportunity program. Addendums will be issued should there be additional information.
The proposal submission deadline is August 31, 2023 at 11:59 p.m. Eastern Daylight Time. Submittal instructions are included in the first attachment(PDF, 326KB) .
The purpose of this RFP is to solicit proposals on 5350 and 5342 Reagan Drive for development of affordable for-sale residential units. The goal is to increase the supply of safe, decent and affordable ownership opportunities for low- and moderate-income households while complying with the city's affordable housing policies and funding source requirements. The RFP also aims to promote long-term affordability for residents and socially responsible ownership structures.
Developers will be evaluated based on their ability to comply with program guidelines, financial feasibility and their experience and capability as well as their community trust with surrounding neighborhoods.