Financial Advisory Services

The Vendor is required to provide financial advisory services for include:
1. Development and financial advisory
• Serve in an overall development and financial advisory capacity to corporation and provide consultation and advice on all matters pertaining to the planning, financing, and development of affordable housing.
• Evaluate potential options for the financing and development of affordable housing through low-income housing tax credits (LIHTC), tax-exempt bonds, and other public and private financing sources.
• Determine the best way to combine and maximize these resources in order to support maestro corporation development objectives and best meet the needs of future residents.
• Corporation in reviewing and analyzing site feasibility, capital needs assessments, physical needs assessments, and development plans.
• Assist in the development of an action plan providing administration guidance in planning and developing new affordable housing sites.
• Corporation in reviewing and analyzing LIHTC and other tax credit financial plans prepared by its development partner and advisors; assist in preparing elements of the financial plan, as needed.
• Assist corporation in reviewing and analyzing development pro-forma prepared by its development partner and advisors to ensure financial feasibility; assist in preparing financial pro-forma, as needed.
• Advise corporation on development options and financing strategy for its housing portfolio and prospective development sites.
• Make strategic development recommendations and identify opportunities for corporation through joint ventures with designated developer partners as a way of generating additional fees and revenue streams.
• Represent corporation in negotiations with its development partner and assist corporation and its legal counsel in negotiating a master developer and partnership agreement that best meets the needs of corporation and its residents.
2. HUD approvals, submissions, and closing assistance
• Corporation on development options and financing strategy for new affordable housing sites, including LIHTC, tax-exempt bonds, and mixed-finance approaches.
• Corporation in obtaining all necessary HUD approvals related to LIHTC, mixed finance development, and other development transactions.
• Negotiate a master development agreement with corporation chosen third-party developer.
• Corporation on the development process and assist in evaluating components of the development plan, including regulatory, loan, and equity proposals.
• Complete necessary documents and make required submissions to HUD.
• Negotiate closing documents on behalf of corporation.
• Due diligence and closing assistance for all financial and regulatory transactions required in a complex development and financing plan, including but not limited to: LIHTC, taxable or tax-exempt bond financing, conventional private financing, and other public funding.