(ARMDC) Low-Income Housing Tax Credit Investor and/or Construction and/or Permanent Lender (ARMDC)

Allies & Ross Management and Development Corporation (ARMDC), a nonprofit instrumentality of the Housing Authority City of Pittsburgh (HACP) is seeking qualified firms to respond through this Requst for Qualifications (RFQ) to help finance the redevelopment of several potential development sites (the “Projects”) during the next five year period across numerous HACP-owned communities. ARMDC is seeking qualifications and proposals from firms wishing to serve in one or more of the following roles and for one or more of the to-be-identified Projects: 1) An investor/limited partner for a 4% or 9% Low Income Housing Tax Credit (LIHTC) application and allocation. 2) A construction and/or permanent lender for a construction loan. Financing for the first potential Project is expected to close in September 2016. Respondents may propose to serve in on, or more, roles. For cost efficiencies, ARMDC strongly prefers the respondent’s collaborate as necessary to provide a comprehensive proposal covering all proposed roles. An individual firm can join multiple respondent teams. The scope of work to be completed will vary depending on the particular redevelopment Project. However to achieve this goal ARMDC plans to redevelop several of HACP’s aging housing stock utilizing a redevelopment strategy based on the following two approaches: 1) New Construction: To achieve this goal, ARMDC may carry out and implement activities that can include, but not be limited to, the following: acquisition, demolition, site preparation, public infrastructure and new construction of affordable rental housing units. ARMDC plans to accomplish its new construction goals on two scales of development: 1) Large-Scale: approximately 40 or more housing units 2) Small Clusters: approximately six (6) or less housing units 1) Rehabilitation: To achieve this goal, ARMDC may carry out and implement activities that can include, but not be limited to, the following: acquisition, public infrastructure, moderate rehabilitation and gut rehabilitation of affordable rental or homeownership housing units. ARMDC plans to accomplish its rehabilitation goals on two scales of development:Large-Scale: approximately 40 or more housing units 2) Small Clusters: approximately six (6) or less housing units 3) Both of the above categories are intended to achieve these goals through the utilization of a mixed-finance, mixed-income, mixed-use development approaches. The ultimate overall ownership structure of any one Project will generally consist of a limited partnership that will include ARMDC as the sole general partner and a to-be-secured limited equity investor to be secure through this RFQ process.