Multifamily Document Preparation Counsel Services

The vendor is required to provide to represent the department’s interests in producing contracts as well as loan and other related documents for complex, multi-party, multifamily affordable housing developments receiving funding and assistance from the department.
- A successful responder must be able to demonstrate a capacity to respond quickly and effectively to comments from parties’ counsel, the department’s multifamily finance division staff, and the department’s legal staff so as to assure closing at a time requested by the developer.
- outside counsel will prepare required legal documentation in connection with the making of loans and other assistance for the construction or rehabilitation of multifamily affordable housing.
- Outside counsel would be expected to perform certain tasks and would be expressly allowed and directed to rely upon information provided by the department in preparing contracts, loan documentation and other documentation related to the contracts and loans, including but not limited to amendments and modifications.
- Outside counsel would be provided with form contracts and loan documents, prepared and approved by the department’s legal staff, to draft contracts and loan documents specific to the loan transaction for the funding source or sources as underwritten by the department and as approved by the directors.
- Outside counsel would review these draft loan documents for legal sufficiency and correctness, and work with the department to agree upon the form of documents to be used.
- Contract Period/Term: 2 years