Municipal Advisory and Quantitative Consulting Services

The Vendor is required to provide municipal advisory and quantitative consulting services in connection with the development, implementation, and ongoing management of a tax-exempt bond program, which will initially focus on financing affordable multifamily housing projects, with potential expansion to include single-family housing in the future.
- Provide strategic guidance, technical expertise, and hands-on support to build a sustainable and compliant bond issuance program.
- Bond Program Development and Transaction Advisory Services
•    Provide strategic, technical, and operational support for launching housing tax-exempt multifamily bond program.
•    Advise on debt structuring, interest rate swaps if applicable, and integration of bond proceeds with affordable housing development goals.
•    Evaluate external financial proposals and recommend optimal financing strategies.
•    Prepare rating agency cash flows, as requested, and communicate with rating agencies providing data or analysis that is required.
•    Review and assist in the preparation of bond documents including, but not limited to bond resolutions, official statements, tax and legal documents.
•    Maintain bond-specific cash flow models after each issuance.
- Issuance Planning and Execution
•    Advise on the structuring, sizing, and timing of initial and subsequent bond issues, including preliminary cash flow modeling and feasibility analysis.
•    Develop quantitative analyses related to proposed financings, including yield calculations, bond sizing, interest rate sensitivity, and debt service projections.
•    Support housing in selecting and/or evaluating underwriting, trustee, and other financing team members, as needed.
•    Assist in obtaining and maintaining credit ratings or credit enhancements, as needed.
•    Participate in due diligence and investor presentations as applicable.
• Participate in other calls, such as those related to pricing and closing.
- Ongoing Bond Resolution Management
•    Maintain and update sophisticated, industry-respected computer cash flow models for all housing bond resolutions on a quarterly basis
•    Analyze and advise on indenture management matters such as:
o    Reserve and debt service requirements
o    Mandatory and optional calls
o    Restricted payments and yield maintenance
•    Evaluate and advise on cross-calling strategies and other tools to optimize resolution performance.
•    Prepare periodic reports and recommendations on financial and operating policies related to active bond programs.
- Post-Issuance Compliance and Tax Regulation
•    Conduct mortgage yield compliance analyses, including variable yield recalculations
•    Analyze fixed vs. variable yield tax plans in connection with redemptions and swap terminations, as applicable.
•    Perform arbitrage rebate computations and ensure compliance with IRS regulations.
•    Assist housing with board disclosure, as applicable.
- Business and Program Management Advisory
•    Assess refunding opportunities and recommend strategies to optimize financial outcomes.
•    Develop balance sheet and cash flow models to support housing annual budgeting.
•    Model future bond activity and its impact on income, assets, and financial position.
•    Provide ad hoc financial advisory services and participate in strategic planning sessions.

- Contract Period/Term: 4 years
- Pre-Proposal Conference Date: July 29, 2025
- Questions/Inquires Deadline: August 08, 2025