Financial Advisory Services

The Vendor is required to provide mixed-finance development, affordable housing financing, and related financial advisory services at located.
- Development and Financial Advisory
• Serve in an overall development and financial advisory capacity to agency 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 agency development objectives and best meet the needs of future residents.
• Assist agency dc 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.
• Assist agency 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 agency 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 agency on development options and financing strategy for its housing portfolio and prospective development sites.
• Make strategic development recommendations and identify opportunities for agency through joint ventures with designated developer partners as a way of generating additional fees and revenue streams.
- Approvals, Submissions, and Closing Assistance
• Advise agency on development options and financing strategy for new affordable housing sites, including LIHTC, tax-exempt bonds, and mixed-finance approaches.
• Assist agency in obtaining all necessary HUD approvals related to LIHTC, mixed finance development, and other development transactions.
• Negotiate a master development agreement with agency chosen third-party developer.
• Advise agency 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 agency.
• Provide 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.