Development Opportunities

Not all Land Bank property is sold or leased through an Expression of Interest. Sometimes the Land Bank will solicit potential buyers, usually to develop a property or properties, through a Request for Proposals (RFP).


More information on the RFP process...

An RFP will describe the available property to potential bidders and include guidelines for those who wish to submit proposals along with forms for bidders to use to submit required information.

Potential bidders can submit questions by e-mail as outlined in the RFP. All questions and their answers will be posted and shared. The Land Bank manages the RFP process and selects the winning developers.


Current RFPS

RFP for 5107, 5109, 5111, 5113, 5121, 5123, & 5125 Market Street

The Philadelphia Land Bank (“Land Bank”) is soliciting proposals from developers to acquire and develop seven (7) parcels along the 5100 block of Market Street. The site consists of the following addresses: 5107, 5109, 5111, 5113, 5121, 5123, & 5125 Market Street (collectively “Development Site”).  The Development Site is currently in the ownership of the City of Philadelphia (“City”), but will be conveyed to the Land Bank prior to settlement.  The Land Bank will be the managing entity for all aspects of this solicitation process, and will coordinate disposition of the Development Site to the winning developer. The Land Bank expects competitive offer prices and invites proposals for the entire Development Site.  There are no restrictions on the type of development proposed.
Pre-Submission Conference
A pre-submission conference (non-mandatory) will be held on July 23, 2018 at 10am in the Philadelphia Housing Development Corporation Board Room, 1234 Market Street, 17th Floor, Philadelphia.
Submission Deadline
All proposals, including a good faith deposit  in the amount of 10% of the bid price, must be received on or before 4pm on August 17, 2018. All submissions must be addressed to the attention of:
Christi Jackson, Director of Real Estate
Philadelphia Land Bank, 1234 Market Street, 16th Floor, Philadelphia, PA 19107.
Schedule
The timeline for this Development Opportunity is as follows:
Event
Date
RFP Posted
July 9, 2018
Pre-Submission Conference
July 23, 2018, 10am
Questions/Requests for Information Due*
July 27, 2018 4pm
Questions & Answers posted to Land Bank website
August 3, 2018
Submissions deadline
August 17, 2018 by 4pm
Developer Interviews Request Developers Tentatively Hold Date Open
Week of September 3, 2018
Developer(s) Selection Target Date
September 17, 2018
*All questions or comments regarding this RFP must be submitted in writing by email to: Christi Jackson.
Questions will not be accepted via telephone.
The RFP and all associated exhibits are below. Please download and complete all of the following documents.

Previous RFPs


Homeownership Workforce Housing Scattered Sites, West Poplar RFP...


Homeownership Workforce Housing Scattered Sites, West Poplar RFP (Revised Deadline see below)
March 2017

Please note that proposals are due MONDAY, April 17, 2017.  The office is closed on Friday and there will not be someone available to receive proposals.  We sincerely apologize for this inconvenience and error.

Also, please note the marketing plan posted outlines for the selected developer.  Your response only needs to include the items outlined in actual RFP.

The Philadelphia Land Bank (“Land Bank”) invites competitive workforce housing proposals from developers to purchase and develop 15 publicly owned properties (vacant lots), located in the West Poplar neighborhood of Philadelphia.

Questions & Answers

West Poplar Q & A April 2017

Marketing Workforce Housing Units – Developer Obligations
Prior to scheduling settlement for disposition, the Developer will be required to submit a Marketing Plan for review and approval.   Workforce Housing Marketing Requirements

Schedule

The timeline for this Development Opportunity is as follows:

Event Date
Notice of RFP Opportunity Posted March 17, 2017
RFP Briefing (Not Mandatory) at 1234 Market Street, Floor 17 at 2pm March 28, 2017
Questions and/or Requests for Additional Information Due March 31, 2017
Questions & Answers posted to Land Bank website* April 4, 2017
Proposals Due (Please note revised deadline) April 17, 2017
Respondent(s) Selected May 11, 2017

* All questions or comments regarding this RFP must be submitted in written form via email to Susan.Callanen.
Questions will not be accepted via telephone.

The RFP and all associated exhibits are below. Please download and complete all of the following documents.

RFP-Homeownership-Workforce-Housing-Scattered-Sites-West-Poplar – Revised Deadline
Exhibit A Legal Descriptions
Exhibit B Workforce Housing Deed Restrictive Covenant
Exhibit C CPI & Sample Calculation
Exhibit D1 Development Team and Project Detail
Exhibit D2 Pro forma
Exhibit E WFH Credit Enhancement Product Information (revised)
Exhibit F City of Philadelphia Economic Opportunity Plan
Exhibit G Certificate of Non-Indebtedness
Exhibit H Campaign Disclosure Forms
Exhibit I Tax Clearance and Conflict of Interest Form
Exhibit J Purchase and Development Agreement




West Poplar Workforce Housing RFP...


Re-Issuance of West Poplar Workforce Housing RFP
Today, November 2, 2016, the Philadelphia Land Bank re-issued the West Poplar Workforce Housing RFP. Developers are encouraged to submit competitive proposals to purchase and develop seven publicly-owned properties (vacant lots), located in the West Poplar neighborhood of Philadelphia. The goal of this Request for Proposals (RFP) is to facilitate the development of homeownership family-style workforce housing units under the WFH Program. The program is designed to leverage the value of publicly-owned land to create housing opportunities that will be affordable to households with incomes up to 120 percent of the area median income.

Schedule
The timeline for this Development Opportunity is as follows:

Event Date
Notice of RFP Opportunity Posted November 2, 2016
RFP Briefing (1234 Market Street, 17th Floor at 2:00PM November 9, 2016
Questions and/or Requests for Additional Information Due November 11, 2016
Questions & Answers posted to Land Bank website* November 15, 2016
Proposals Due November 22, 2016
Respondent(s) Selected December 22, 2016

* All questions or comments regarding this RFP must be submitted in written form via email to Susan.Callanen.
Questions will not be accepted via telephone.

The RFP and all associated exhibits are below. Please download and complete all of the following documents.

West-Poplar-RFP

Exhibit-A-Legal-Descriptions

Exhibit-B-Workforce-Housing-Deed-of-Restrictive-Covenant

Exhibit-C-CPI-Sample-Calculation

Exhibit-D-Development-Team-and-Project-Detail_Multi-Unit-Narrative-

Exhibit-E-City-of-Philadelphia-Economic-Opportunity-Plan

Exhibit-F-Certificate-of-Non-Indebtedness

Exhibit-G-Campaign-Disclosure-Forms

Exhibit-H-Tax-Clearance-and-Conflict-of-Interest-Form

Exhibit-I-Purchase-and-Development-Agreement




Point Breeze Workforce Housing RFP...


The Philadelphia Land Bank invites competitive proposals from developers to purchase and develop nine publicly-owned properties (vacant lots), located in the Point Breeze neighborhood of Philadelphia. The goal of this Request for Proposals (RFP) is to facilitate the development of homeownership family-style workforce housing units under the WFH Program. The program is designed to leverage the value of publicly-owned land to create housing opportunities that will be affordable to households with incomes up to 120% of the area median income. The RFP and all associated exhibits are below: please download and complete all of the following documents. The deadline for submission is October 17, 2016 by 3pm. The briefing is on September 27 at 2:30pm.

Question & Answers Regarding Land Bank Point Breeze RFP

October 6, 2016

Q: Are all the lots being sold as one (1) group of lots?
A: Yes, the parcels will be conveyed to one applicant – lots will not be sold individually. Applicants must submit a proposal for the development of all lots in the RFP.

Q: What is the starting bid?
A: There is no starting bid. Given the constraints on the as-complete sale values, nominal disposition will be considered.

Q: What is the protocol on the resale price?
A: Properties must be sold to a household not exceeding 120 %AMI and the targeted sale price may not exceed $230,000 for each unit. Income thresholds for buyers are outlined below.

Household Size Maximum Household Income
120 AMI
1 $67,560
2 $77,160
3 $86,760
4 $96,360
5 $104,160

Income documentation will be required from homebuyers documenting that they do not exceed the income guidelines.

Q: Is it the developer’s responsibility to find and qualify buyers followed by City verification?
A: Yes. The selected developer and/or their agent should identify and screen applicants before entering into an agreement of sale so that the buyer is likely qualified to purchase the home. The Land Bank is responsible for giving formal approval of homebuyer eligibility.

Point Breeze RFP

Exhibit-A-Legal-Descriptions

Exhibit-B-Workforce-Housing-Deed-of-Restrictive-Covenant

Exhibit-C-CPI-&-Sample-Calculation

Ehibit-D-Development-Team-and-Project-Detail_Multi-Unit-Narrative

Exhibit-E-City-of-Philadelphia-Economic-Opportunity-Plan

Exhibit-F-Certificate-of-Non-Indebtedness

Exhibit-G-Campaign-Disclosure-Forms

Exhibit-H-Tax-Clearance-and-Conflict-of-Interest-Form

Exhibit-I-Purchase-and-Development-Agreement




Francisville Workforce Housing RFP...


The Philadelphia Land Bank has issued a Request for Proposals (RFP) to develop workforce housing on eight vacant properties in Francisville. This is the first of several workforce housing RFPs that will be issued this year to preserve affordable housing options in appreciating neighborhoods. The RFP and all associated exhibits are below.

Francisville RFP 06-01-16

Francisville Workforce Housing RFP Q&A

Exhibit A – Legal Descriptions – Francisville

Exhibit B – Workforce Housing Deed of Restrictive Covenant

Exhibit C – CPI & Sample Calculation

Exhibit D1 – Development Team & Project Detail

Exhibit D2 – Project Proforma

Exhibit E – Guidelines for Lot Sizes and Design Standards

Exhibit F -City of Philadelphia Economic Opportunity Plan

Exhibit G – Certificate of Non-Indebtedness

Exhibit H – Campaign Disclosure Forms

Exhibit I – Tax Clearance and Conflict of Interest Form

Exhibit J – Purchase and Development Agreement

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