The vendor is required to provide real estate development finance and advisory services to support the authority team with land-use economic analysis, highest and best use (HABU) analysis, community economic development analysis and concepts, and the selection of and negotiations with potential development partners:
• Preparing, developing, reviewing and/or interpreting market analyses, studies, appraisals, broker opinions and valuations, and other third-party reports as applicable;
• Analyzing and reporting on demand and rent forecasts;
• Assisting authority with financial feasibility and other similar analyses of real estate development prospects, including analysis of low-in-come housing tax credit (LIHTC) underwriting;
• Developing comprehensive highest and best use (HABU) recommendations for properties specified;
• Analyzing and reporting on the potential for long-term economic development trajectories for areas of the city envisioned for possible future development or intensification of existing development;
• Advising authority on the most effective methods to leverage authority resources and protect authority interests, including providing strategic guidance on financing and executing self-development or other novel project delivery approaches; and
• Supporting developer solicitation, evaluation and selection, and negotiation processes for any authority development initiative, including but not limited to the following tasks:
o Analyzing and reviewing the qualitative and quantitative components of a developer’s project proposal for clarity and completeness – to include development programs and proformas, development budgets, financial models etc.;
o Providing written analyses, memos, and comparisons of the various components of a
o Proposal excels workbooks or other organizing tools, so that each proposal is measured equally against the others;
o Communicating essential characteristics of each proposal (unit quantities, financials, material prices etc.) to the evaluators, and comparing those characteristics against each other so that the evaluators have a comprehensive understanding of the adequacy of the response and the potential value offered to authority;
o Addressing evaluators’ questions and comments in writing to support the scoring of each proposal; and
o During the developer proposal evaluation process, supporting the negotiations of the key business terms and ensuring that key business terms are incorporated into respondent’s best and final offers which will form the basis of the master developer agreement (MDA).
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: May 23, 2025