EXTRA-5579 - USA (Washington, DC) - Rental Assistance Demonstration Financial and Development Consultant Services - Deadline June 18,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: EXTRA-5579

Government Authority located in Washington, DC; USA based organization looking for expert vendor for rental assistance demonstration financial and development consultant services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide rental assistance demonstration financial and development consultant services to the government authority located in Washington, DC.
• Offer technical expertise and general recommendations to inform agency in their efforts to determine the feasibility and the structuring of the Projects participating in RAD;
• Monitor and oversee the required items (i.e., RAD Physical Capital Assessment (RPCA), environmental report, pro forma, (HUD) housing and urban development form documents, etc.) to meet the HUD-required (CHAP) housing assistance program milestones, including the financing plan which is part of HUD RAD approval process;
• Participate in communication with DCHA and HUD RAD staff to help the Projects to move through the RAD Financing Plan and RAD conversion commitment (RCC) issuance processes;
• Facilitate the RAD closing process, serving as a liaison between HUD, agency, and the authority's attorney;
• Resolve any outstanding issues with the RAD attorneys to guide agency through the review and execution of the RAD conversion commitment (RCC), the housing assistance payment HAP Contract, the RAD use agreement, and other RAD-related documents and compliance reporting required by HUD for the Project.
• Offer technical expertise and guidance to inform agency in their efforts to establish an overall plan for RAD conversions.
• Review property profiles (financials, performance, physical condition, location, composition, and potential of additional development).
• Assess adequacy of existing Physical Needs Assessment(s) (PNA’s) to establish reasonable estimates of physical needs and capital improvements necessary at the time of RAD conversion and 20 years thereafter.
• Determine best course of financing and establish realistic development budgets incorporating all Sources and Uses.
• Create operating proformas to ensure conformance with HUD and lender requirements.
• Work with agency management in finalizing a plan of action for moving forward with each identified development.
• Assist agency in the conduct of resident meetings and the provision of information to the tenant association and resident advisory board (RAB).
• Assist agency in identifying and negotiations with potential investors and lenders.
• Assist agency in the procurement of a physical conditions and needs assessment and or RPCA.
• Assist agency in planning for rehabilitation, demolition, redevelopment, tenant relocation issues, and choice-mobility implications.
• Work with agency office of finance management (OFM) to provide an overview of the implications of a RAD award.
• Assistance with the submission of the physical conditions assessment.
• Assistance with any environmental review submission requirements.
• Assistance with lenders, investors, legal counsel, developers, contractors etc.
• Assistance in the creation and submission of, final financial packages.
• Guidance to advise agency in meeting all submission requirements on schedule.
• Work to resolve any outstanding issues regarding the finalization of the conversion.
• Provide guidance on final commitments (Use Agreements, contracts, etc.).
• Provide implementation support including drafting upfront civil rights Reviews, RAD conversion commitments (RCCs), 6-month financial submissions, transfers of assistance, etc. and participating in on-going HUD communications.
(2) All questions must be submitted no later than June 10, 2019.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Not Applicable

Expiry Date : Tuesday, 18 June, 2019

Question Answer Deadline : Monday, 10 June, 2019

Category : Professional, Consulting, Administrative or Management Support Services

Country : USA

State : District of Columbia

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