MBC Affordable Housing Fund's Exclusive Residential Brokerage Partnership

Background

The Macon-Bibb County Affordable Housing Fund (MBCAHF) is seeking statements of qualifications from local real estate brokerages to serve as an exclusive broker for MBCAHF properties. The selected brokerage(s) will market and sell newly constructed, income-restricted single-family homes, ensuring fair and compliant sales to income-qualified homebuyers while advancing MBCAHF’s affordable homeownership objectives. The fund aims to increase access to quality, affordable homeownership opportunities for low- to moderate-income households, with a commitment to building a minimum of 7 homes in the next 6 months priced between $150,000-$220,000.

Work Details

The selected agent(s) will be responsible for the following services: - Marketing and listing newly constructed, income-restricted affordable homes. - Coordinating buyer outreach. - Screening buyers for income eligibility and program compliance. - Educating prospective buyers on affordable homeownership programs. - Coordinating with participating lenders to provide buyers with Georgia Dream, Federal Home Loan Bank, and MBCAHF down payment assistance. - Managing purchase contracts, disclosures, inspections, and closings. - If necessary, educating buyers on a Community Land Trust model.

Period of Performance

The contract period will commence upon award and is expected to last for the duration of the project which includes marketing and selling a minimum of 7 homes over the next 6 months.

Place of Performance

Macon-Bibb County, Georgia.

Bidder Requirements

Respondents must have an active Georgia broker/real estate license in good standing and demonstrate at least three years of experience providing similar services. They should also have experience working with first-time homebuyers and the ability to collaborate with lenders and public agencies. Preference may be given to those with previous work in public-sector or nonprofit affordable housing programs.