PROJECT-BASED VOUCHERS (PBV)

Affordable Housing Solutions and the Sioux Falls Housing & Redevelopment Commission (SFHRC) are seeking experienced affordable housing developers to submit proposals for the development of one or more multifamily affordable housing projects utilizing up to 25 Project-Based Vouchers (PBVs), representing up to 25% of the project's units, within SFHRC's rural service area.

Proposed developments must create permanent affordable housing, with preference given to projects serving individuals and families experiencing homelessness or chronic homelessness.

To be considered, proposals must:

• Develop permanent affordable housing.

• Be located within SFHRC's rural service area and demonstrate site control.

• Include a partnership with SFHRC's nonprofit affiliate, Affordable Housing Solutions.

• Provide reasonable access to transportation, employment opportunities, community services, and other essential amenities.

• Meet or exceed all minimum scoring requirements outlined in the Request for Proposals.

Under the Project-Based Voucher (PBV) Program, SFHRC will enter into a Housing Assistance Payments (HAP) contract with the selected property owner to provide rental assistance for eligible households in designated units. SFHRC will maintain the waiting list, refer eligible applicants, and determine appropriate unit size based on established occupancy standards.

All awards and resulting contracts are subject to 24 CFR Part 983 and current U.S. Department of Housing and Urban Development (HUD) requirements.

For complete eligibility requirements, submission instructions, and proposal criteria, please review the full Request for Proposals.