RFP for Real Estate Development
Transforming 2211 Douglas St: Seeking Developers for Affordable Housing
Front Porch Investments and Together are pleased to announce a transformative redevelopment opportunity at 2211 Douglas Street. We are inviting proposals from qualified real estate developers to create a vibrant, affordable housing project that addresses local community needs and brings much needed housing into the city's urban core.
The Opportunity
This RFP seeks developers to lead the creation of a multi-family housing development with a focus on affordability and community impact. To ensure the financial feasibility of this affordable housing project, the property is being offered at no cost to the selected developer. This project offers a unique chance to create a landmark development in Omaha’s thriving downtown.
Front Porch and Together envision a development that enhances community well-being by addressing Omaha’s critical need for affordable housing. By aligning with the City’s Housing Affordability Action Plan, this project will benefit residents, businesses, and the broader community.
Key Details
- Site Location: 2211 Douglas Street, Omaha, NE 68102
- Site Condition: The existing structure has been recommended for demolition due to significant structural and mechanical issues and will convey as-is to the selected developer
- Development Goals: Approximately 50–100 units, with at least 51% dedicated affordable housing (serving households at or below 80% AMI)
- Timeline: Property title transfer March 31 – June 30, 2025, subject to a 20-year Land Use Restriction Agreement (LURA) & CDBG contract assignment
Timeline
- RFP Release: January 7, 2025
- Informational Webinar: 1pm on Friday, January 17, 2025
- Join via Zoom
- Session will be recorded and posted on this site
- Proposals Due: 12pm on February 11, 2025
Review the RFP package for detailed submission requirements and complete timeline.
Application Deadline
Proposals are due to frontporch@omahafoundation.org by 12pm (noon) on Tuesday, February 11th.
Evaluation Criteria
Proposals will be evaluated on experience, proposed use, community benefit, financing approach, and design quality.
Application Instructions
For full details and submission guidelines, please refer to the RFP Package:
