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Selection of Developers for Multi-Family Affordable Housing

Selection of Developers for Multi-Family Affordable Housing. Request for Proposal Y7-608-GJ March 27, 2007. Presentation Outline. Multi-Family Affordable Housing Program Financial Resources for the RFP RFP Selection Process Developer Agreements Applicant Project Location

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Selection of Developers for Multi-Family Affordable Housing

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  1. Selection of Developers for Multi-Family Affordable Housing Request for Proposal Y7-608-GJ March 27, 2007

  2. Presentation Outline • Multi-Family Affordable Housing Program • Financial Resources for the RFP • RFP Selection Process • Developer Agreements • Applicant Project Location • Procurement Committee Recommendations • Action Requested

  3. Multi-Family Affordable Housing Program • Encourages & Facilitates the Acquisition, Construction or Rehabilitation of Multi-Family Affordable Housing • Leverages Limited State and Federal Resources • Since 1995 - 2300 Affordable Units Created - 17 Multi-Family Developments

  4. Financial Resources for the RFP • State Housing Initiatives Partnership Program • Federal HOME Investment Partnership Program • State Hurricane Housing Recovery Program

  5. RFP Selection Process • Selection Criteria • Credit Underwriting Report • Procurement Committee

  6. Developer Agreements • Terms and Conditions for Loan/Grant • Payment Request Process • Restrictive Covenant for Long Term Affordability

  7. Applicant Project Location

  8. Procurement Committee Recommendations

  9. Action Requested • Selection of Developers to Negotiate and Award Multi-Family Affordable Housing Developer Agreements • Authorization for Purchasing and Contracts Division to Execute Agreements

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