1. Minimum number of units
   • You must seek to create an affordable housing development that includes a minimum of 290 units at the site.
   • You must ensure your proposal is compliant with zoning requirements.
2. Affordability
   In planning the affordability component of your proposal, you must ensure a minimum of 30% of total units have rents below 80% of the Median Market Rent in Alta Vista. The affordability must be maintained throughout the term of the 99-year lease.
3. Energy efficiency
   You must demonstrate that your project is designed to meet or exceed one of the following options:
   • Option 1: Tier 2 of the 2020 National Energy Code for Buildings
   • Option 2: Tier 3 of the 2020 National Building Code
4. Accessibility
   You must demonstrate that your project is designed to meet or exceed one of the following options:
   • Option 1:The project must contain a minimum of 20% accessible units (CSA B651:23/652:23 or Rick Hansen Foundation GOLD Accessibility Certification). All common areas must be barrier-free.
   • Option 2:The entire project (common areas and dwelling units) has full universal design, in accordance with CMHC's universal design requirements table.
5. Evidence of community need
   You must provide a clear description of the need being met and at least 1 of the following:
   • Market feasibility study which includes the quantitative and qualitative indicators demonstrating need and estimated absorption time.
   • Letter of support from the municipality.
   • Waiting lists for social or affordable housing in the community.
6. Experience
   You must have a minimum of 5 years of experience in construction and property management of projects of similar size and scope as that being proposed.
7. Financial viability
   You must demonstrate that your residential project will meet a minimum debt coverage ratio of 1.10.

Eligibility

The Federal Lands Initiative is open, but not limited, to the following groups:

• community housing organizations
• non-profit organizations or registered charities
• co-operative housing organizations
• municipal, provincial and territorial governments including their agencies
• Indigenous governments and organizations, including tribal councils
• for-profit organizations

Interested applicants must demonstrate in their response to this competition how they will meet or exceed minimum requirements.

The Federal Lands Initiative is launching a competition to seek a proponent to lease the subject property parcel(s) to develop an affordable housing project(s) with a minimum of 290 residential units that will meet or exceed certain minimum criteria. The property will be available for lease at a discounted to no cost. The acquisition price will be determined based on the level of social outcomes achieved.

Proponents must clearly state the outcomes they are committing to achieve and support these outcomes with detailed supporting documentation. For the Federal Lands Initiative to select a successful proponent, it must receive a completed application and all mandatory supporting documentation.