P-005497 - 2026 Unit Based Subsidy - Restore-Rebuild Initiative

AI Summary

The Philadelphia Housing Authority seeks proposals for the 2026 Restore-Rebuild initiative, enabling public housing development with early RAD conversion to project based vouchers. Key phases include pre-development, construction, and permanent financing conversion. Proposals due June 30, 2026.

Opportunity details

Solicitation No.: 231970
Type / RFx: RFP
Status: Open
Level: local
Published Date: Invalid Date
Due Date: June 30, 2026
NAICS Code: 236116 AI guide
Jurisdiction: Philadelphia Housing Authority
State: Pennsylvania
Agency: Philadelphia Housing Authority

Description

In 2021, HUD introduced a program called Faircloth to RAD Conversions (“RR”) which has since been renamed and is now known as the Restore-Rebuild initiative . The Restore-Rebuild initiative enables a housing authority to utilize its authority to add additional ACC public housing units under its Faircloth Authority limit. Procedurally, developments approved as part of the Restore-Rebuild initiative go to a financial closing as a public housing development through a Mixed Finance transaction but receive pre-approval to convert under the RAD program to project based vouchers (“PBV”) as soon as the units are eligible for occupancy. With early-stage RAD conversion approvals, lenders and investors will have the revenue certainty through familiar Section 8 PBV Housing Assistance Payments (“HAP”) contracts to underwrite the construction of these projects. A Restore-Rebuild conversion goes through three phases: (1) Pre-Development (ACC); (2) Construction; and (3) Conversion to Permanent Financing (RAD). For an in-depth discussion of the of the Restore-Rebuild initiative please see Attachment A – Restore-Rebuild Guide 11-2024.

Commodity Codes

Commodity Codes: US_NAICS_2022 236115 New Single-Family Housing Construction (except For-Sale Builders) US_NAICS_2022 236116 New Multifamily Housing Construction (except For-Sale Builders) US_NAICS_2022 236117 New Housing For-Sale Builders US_NAICS_2022 6242 Community Food and Housing, and Emergency and Other Relief Services US_NAICS_2022 62422 Community Housing Services US_NAICS_2022 624229 Other Community Housing Services US_NAICS_2022 925 Administration of Housing Programs, Urban Planning, and Community Development US_NAICS_2022 9251 Administration of Housing Programs, Urban Planning, and Community Development US_NAICS_2022 92511 Administration of Housing Programs US_NAICS_2022 925110 Administration of Housing Programs

Events & Timeline

Status	Event Name	Location	Description	Dates	Mandatory
Ongoing	Open Date	Online Portal	Posting date for the Opportunity	Apr 16th 2026, 12:00 PM EDT	N/A
Upcoming	Questions Due Date	Online Portal	Deadline to submit Questions	Jun 23rd 2026, 5:00 PM EDT	N/A
Upcoming	Close Date	Online Portal	Deadline for Submissions	Jun 30th 2026, 11:00 AM EDT	N/A

Requested Information

Note: Template files for the items below (BidTables, Questionnaires) are available in the Attachments section of this opportunity.

Name	Type	# Files	Requirement
Proposal containing responses to section D.2	File Type: PDF (.pdf)	Multiple	Required
Development Budget and Pro Forma	File Type: PDF (.pdf)	Multiple	Required
Certification and Representations of Offerors package	File Type: PDF (.pdf)	Multiple	Required
Addendum Acknowledgement	File Type: PDF (.pdf)	Multiple	Required
Exception to the RFP	File Type: PDF (.pdf)	Multiple	Required

Public Notices

Name Type # Files Requirement Proposal containing responses to section D.2 File Type: PDF (.pdf) Multiple Required Development Budget and Pro Forma File Type: PDF (.pdf) Multiple Required Certification and Representations of Offerors package File Type: PDF (.pdf) Multiple Required Addendum Acknowledgement File Type: PDF (.pdf) Multiple Required Exception to the RFP File Type: PDF (.pdf) Multiple Required

Attachments

Key dates

Invalid DatePublished
June 30, 2026Responses Due

AI classification tags

public housing development housing construction mixed finance housing project based vouchers housing program administration community housing services housing redevelopment

Frequently asked questions

SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.