The selected developer will collaborate with CHA as follows: 1. Conceptualize and Design: Propose a master plan that details the mix of units, maintenance headquarters, site layout, open space, parking, and community amenities. 2. Finance: Identify and secure financing for all phases of the redevelopment project, leveraging public and private funding sources. The selected developer is expected to finance pre-development costs, including the CHA’s predevelopment costs. 3. Construct: Redevelop the site according to approved plans and timelines, ensuring compliance with local, state, and federal regulations. 4. Operate: Develop a management plan for the mixed-income community, ensuring affordability for low-income residents, and an ongoing role for CHA with respect to public housing and voucher units. 5. Own: Serve as owner of the redeveloped units subject to the terms of the Ground Lease and all regulatory and funding agreements.
