Bidding Opportunity
**The due date for this bidding opportunity has passed**

Construction to Permanent Financing and/or Limited Equity Partner(s) Coffman 4% Federal LIHTC and Colorado State Affordable Housing Tax Credit (AHTC) Project in Longmont, Colorado

Due Date: 10/15/2019 2:00 pm
Bidding Number: RFP #7060-19
Bidding Categories: Housing and Human Services
Other Comments:

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:

Private Activity Bond Purchaser:

A tax-exempt, private activity bond construction financing in the approximate amount of $13.5 million. Initially, the requested lending facility will be a variable or fixed rate construction/tax credit bridge facility that will then convert to a fixed rate permanent (16-year term) facility reduced to approximately $9.2 million. The proposed bonds will be issued by BCHA as a conduit issuer on behalf of a to-be-created Low Income Housing Tax Credit (LIHTC) partnership.

Taxable Facility Lender:

A taxable construction financing in the approximate amount of $2.7 million. 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 $7.4 million ($791,625 in annual credit).

Colorado State AHTC equity investment in the approximate amount of $3.9 million ($930,000 in annual credit).

Attachments (available for download at https://www.dropbox.com/sh/ywzjls1jwbtkao6/AACA0NJsqcYBD6porzF3qqqta?dl=0):

  1. Proforma Model
  2. Schematic Drawings
  3. Market Study
  4. Financing Diagram
  5. Boulder County Housing Authority 2016, 2017 and 2018 Audits
  6. Boulder County 2016 and 2017 Audits
  7. BCHA Resume

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. September 9, 2019. A response from the county to all inquiries will be posted and sent via email no later than September 12, 2019. All questions received and responses to these questions will be posted at https://www.dropbox.com/sh/ywzjls1jwbtkao6/AACA0NJsqcYBD6porzF3qqqta?dl=0.

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

Submittal Instructions

Submittals are due at the Administrative Services Information Desk or email box (preferred) listed below, for time and date recording on or before 2:00 p.m. Mountain Time on October 15, 2019.

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

RFP #7060-19

RFP #7060-19 Addendum 1

A. BCHA Coffman_Financial Proforma

B. BCHA_Coffman_Schematic Drawings

C. BCHA Coffman_Market Study

D. BCHA Coffman_Financing Diagram

E1. BCHA Coffman_BCHA_2016 Financials

E2. BCHA Coffman_BCHA_2017 Financials

E3. BCHA Coffman_BCHA 2018 Financials

F1. BCHA Coffman_Boulder County 2016 Financials

F2. BCHA Coffman_Boulder County 2017 Financials

G. BCHA Coffman_BCHA_Resume

RFP #7060-19 Addendum 2

BCHA – Development Team Experience 9.11.2019 FINAL

CHFA LURA Sample

Coffman updated financial model April 2020 closing

Pinkard resume

RNN Architects Resume S

B Clark Stmnt of Qual