1 / 9

RFP #14-01: Pre-Proposal Conference for Harris County Multi-Family Housing Development

The Harris County Housing Authority invites proposals for RFP #14-01 focused on Multi-Family Rental Housing projects utilizing Private Activity Bonds and 4% LIHTC. Eligible projects include those previously unfunded but shovel-ready and existing 9% LIHTC projects requiring rehabilitation. Key dates include a Pre-Proposal Conference on September 5, 2014, and proposals due by September 30, 2014. This initiative aims to serve low to moderate-income individuals and align with CDBG funding and affordability requirements. Participation is encouraged to enhance affordable housing in Harris County.

desiree-bowers
Télécharger la présentation

RFP #14-01: Pre-Proposal Conference for Harris County Multi-Family Housing Development

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Request for ProposalsRFP #14-01Pre-Proposal ConferenceHarris County Housing AuthoritySept. 5, 201410:00 AM

  2. RFP # 14-01 • Multi-Family Rental Housing • Private Activity Bonds & 4% LIHTC – projects that did not get funded last LIHTC round but are ready to go (shovel ready) • Existing 9% LIHTC projects requiring rehab – purchase of the General partnership Interest

  3. RFP # 14-01 • August 21 & 31, 2014 – Advertise • September 5, 2014 – Pre-Proposal Conference • September 9, 2014 – Written Questions • September 12, 2014 – Response to Questions • September 23, 2014 – Proposals due • September 30, 2014 – Complete Developer Selection

  4. RFP # 14-01 • October 8, 2014 - MOU executed • October 15, 2014 – HCHA Board approval • October 30, 2014 – GP Interest Purchase/Development Agreement

  5. RFP # 14-01 • Texas General Land Office • Rental Activity- Affordable Rental Housing • 51% of units Occupied by LMI persons • Income and rent restrictions apply for units assisted with CDBG funds • LMI Objective – to assist individuals whose total annual gross income does not exceed 80% AMI, adjusted for family size

  6. RFP # 14-01 • Very low – 30% AMI • Low – 31% - 50% AMI • Moderate – 51% - 80% • High Opportunity Areas • Census block with less than 65% minority concentration • Census block with less than 35% poverty concentration

  7. RFP # 14-01 • FEMA Calculation Data by Income • Very Low – 35% of the units • Low – 22% of the units • Moderate – 11% of the units • Non-LMI – 32% of the units Cannot over serve a higher income from a lower income category

  8. RFP # 14-01 • Compliance in accordance with the TDHCA’s CDBG Disaster Recovery Program • Rents must comply with High HOME rents and other LURA restrictions as applicable • HOME rents – equal to lesser of FMR or 30% of the adjusted income for people earning 65% AMFI • Home rents – see TDHCA website

  9. RFP # 14-01 • CDBG Funding – 0% performance based loan, forgiven as obligations are met • 10 year affordability period • LURA must be in place • Project must be located in Harris County outside of the City Limits of Houston

More Related