Professional Real Estate Development Consulting Services

The vendor is required to provide on-call professional consulting services for real estate financial feasibility studies and analysis.
- Provide a qualified financial feasibility consultant to assess the economic viability and financial potential of redeveloping this site.
- The consultant will need to propose a development model that aligns with county objectives for maximizing affordable housing while maintaining financial sustainability.
- Financial structuring and analysis:
• Develop a comprehensive financial model that incorporates multiple funding sources, including
LIHTC, tax-exempt bonds, and local government subsidies.
• Identify and evaluate innovative financing strategies, such as public-private partnerships (PPP) or community land trusts.
• Prepare a cost-benefit analysis comparing scenarios with varying levels of affordability integration and commercial space retention.
- Funding scenario planning:
• Explore potential grant opportunities and soft funding sources at federal, state, and local levels.
• Assess the suitability of utilizing private financing instruments or capital stacks that align with county risk tolerance and long-term objectives. 
• Comparative analysis of alternative funding pathways, including merits and risks associated with each approach.
- Market demand and revenue projections:
• Conduct a thorough market analysis to understand demand drivers for mixed-income housing in the region.
• Develop revenue projections based on rental income assumptions, market trends, and potential commercial tenant occupancies.
• Assess the impact of different development phasing strategies on cash flow and revenue generation.
- Reporting and recommendations:
• Provide a concise, detailed report summarizing findings from financial models, market demand studies, and stakeholder consultations.
• Include actionable recommendations for advancing the project in a financially sustainable manner, along with sensitivity analyses for key variables.
- Prepare financial structuring development budgets and proformas and models that outline various funding and financing scenarios, incorporating federal, state, and local programs including conventional affordable housing financing, tax-exempt bond financing, low-income housing tax credits (LIHTC), and various regional, state, federal and private sources of affordable housing capital
- Conduct market analysis to determine the demand for affordable housing in a target area generally and for specific subpopulations in need of housing
- Create predevelopment plans, ensuring timelines and budgets are met while collaborating with county staff, architects, legal teams, and other consultants to integrate design plans, legal frameworks, and development goals
- Research innovative funding scenarios that can create additional ways to finance affordable housing including public-private partnerships, social housing, mixed-income housing; and 
- Design and implement strategies for stakeholder engagement to gain community support and input on the project, including facilitating meetings and workshops to convey project benefits and address public concerns.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: June 30, 2025