The City is most interested in proposals that creatively integrate the site with the surrounding area, respecting zoning, and in a manner that creates a viable redevelopment opportunity and enhances the aesthetic appeal of the streetscape. Proposers should be familiar with abutting uses and mindful of such when developing a redevelopment project and program to ensure the project is respectful of existing neighbors. Not only will the City be seeking a developer who submits the most advantageous proposal consistent with the selection criteria and proposal requirements set forth in this RFP, but one who also demonstrates the ability to perform the proposed in a timely fashion. The City of Springfield has secured up to $300,000 in Community Preservation Act (CPA) funding that may be utilized by the developer for exterior repairs. No income restrictions are applied to these funds. CPA funds will be an interest free, forgivable loan not to exceed $300,000. The loan will be paid out as reimbursement of expenditures and secured by a soft-second mortgage (0% interest; fully forgiven upon issuance of Certificates for Occupancy). As a condition of this funding two of the three dwelling units will be restricted to occupants earning up to 100% of Area Median Income...
