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):
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. A. BCHA Coffman_Financial Proforma B. BCHA_Coffman_Schematic Drawings 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 BCHA – Development Team Experience 9.11.2019 FINAL |