1. Purpose/Background

The Housing Authority of the County of Boulder, Colorado (“BCHA”) invites responses from qualified banks, syndicators, lenders, placement agents, equity funds and/or other financial institutions interested in and capable of successfully providing the following products listed per project:

Project: Willoughby Corner Senior Apartments (Phase 1A) 9% Federal LIHTC

Taxable Construction and/or Permanent Lender:

• Construction financing in the approximate amount of $15,500,000. Initially the requested lending facility will be a variable or fixed rate construction/tax credit bridge 30 month facility that will then convert to a fixed-rate permanent (16-year term) facility reduced to approximately $6,465,000.

Equity Investors:

• 9% Federal LIHTC equity investment in the estimated amount of $12,300,000 ($1,350,000 in annual credit);

• Energy Investment Tax Credit equity for solar and geothermal systems in the estimated amount of $133,000.

Project: Willoughby Corner Family Apartments (Phase 1B) 4% Federal LIHTC, Colorado AHTC, and PAB

Private Activity Bond Purchaser:

• A tax-exempt, private activity bond construction financing in the approximate amount of $30,500,000. Initially, the requested lending facility will be a variable or fixed rate construction/tax credit bridge 30 month facility that will then convert to a fixed rate permanent (16-year term) facility reduced to approximately $15,470,000. The proposed bonds will be issued by BCHA as a conduit issuer on behalf of a to-be-created LIHTC partnership.

Taxable Facility Lender:

• A taxable construction financing in the approximate amount of $6,900,000. The requested lending facility will be a variable or fixed rate construction/tax credit bridge facility for 30 months.

Equity Investors:

• 4% Federal LIHTC equity investment in the approximate amount of $25,605,505 ($2,560,550 in annual credit)

• State AHTC equity investment in the approximate amount of $4,020,000 ($1,000,000 in annual credit over six years)

• Energy Investment Tax Credit equity for solar and geothermal systems in the estimated amount of $122,000.

Please click on this link to access additional files for this RFP:

https://www.dropbox.com/sh/lcvvrjyi0fd7ip5/AAAo29hzRq-ACKNP00WJukZNa?dl=0

1. Proforma Model – Willoughby Corner Phase 1A Senior Apartments

2. Proforma Model – Willoughby Corner Phase 1B Family Apartments

3. Schematic Drawings – Willoughby Corner Phase 1A Senior Apartments

4. Schematic Drawings – Willoughby Corner Phase 1B Family Apartments

5. Market Study – Willoughby Corner 1A Senior Apartments

6. Preliminary Market Study – Willoughby Corner 1B Family Apartments

7. Willoughby Corner Phasing Plan, Phasing Table and Unit Mix

8. Boulder County Housing Authority 2018 and 2019 Audits [2020?]

9. BCHA Resume

2. Written Inquiries

All inquiries regarding this RFP will be submitted via email to the Boulder County Purchasing Office at purchasing@bouldercounty.org on or before 2:00 p.m. June 3, 2022. A response from the county to all inquiries will be posted and sent via email no later than June 10, 2022.

Please do not contact any other county department or personnel with questions or for information regarding this solicitation.

3. Submittal Instructions

Submittals are due at the email address listed below, for time and date recording on or before 2:00 p.m. Mountain Time on June 24, 2022.

No formal bid opening will occur. Respondents will be contacted if there are any questions with respect to their submission.

Your response can be submitted in the following ways. Please note that email responses to this solicitation are required but are limited to a maximum of 50MB capacity. NO ZIP FILES ALLOWED. Electronic submittals must be received in the email box listed below. Submittals sent to any other box will NOT be forwarded or accepted. This email box is only accessed on the due date of your questions or proposals. Please use the Delivery Receipt option to verify receipt of your email. It is the sole responsibility of the proposer to ensure their documents are received before the deadline specified above. Boulder County does not accept responsibility under any circumstance for delayed or failed email or mailed submittals.

Email purchasing@bouldercounty.org; identified as RFP #7352-22 in the subject line.

All RFPs must be received and time and date recorded by authorized county staff by the above due date and time. Sole responsibility rests with the proposer to see that their RFP response is received on time at the stated location(s). Any responses received after due date and time will be returned to the proposer.

The Board of County Commissioners reserves the right to reject any and all responses, to waive any informalities or irregularities therein, and to accept the proposal that, in the opinion of the Board, is in the best interest of the Board and of the County of Boulder, State of Colorado.

Americans with Disabilities Act (ADA): If you need special services provided for under the Americans with Disabilities Act, contact the ADA Coordinator or the Human Resources office at (303) 441-3525 at least 48 hours before the scheduled event.

RFP #7352-22

The attached addendum supersedes the original Information and Specifications

regarding RFP # 7352-22 where it adds to, deletes from, clarifies or otherwise modifies.

All other conditions and any previous addendums shall remain unchanged.

Please note: Proposal deadline has been extended. Submittals are due at the email

box only, listed below, for time and date recording on or before 2:00 p.m. Mountain

Time on July 8, 2022.

Due to COVID-19, BIDS will only be accepted electronically by emailing

purchasing@bouldercounty.org.

RFP #7352-22 Addendum 1