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RFP # 14-01

Request for Proposals RFP #14-01 Pre-Proposal Conference Harris County Housing Authority Sept. 5, 2014 10:00 AM. 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)

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RFP # 14-01

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  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

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