ARMDC Northview Midrise – Low Income Tax Credit Investor/Limited Partner and/or Construction and Permanent Lender for New Construction

ARMDC Northview Midrise - Low Income Tax Credit Investor/Limited Partner and/or Construction and Permanent Lender for New Construction

RFP/RFQ#2017-18

CLOSED, To Be Rebid

Allies & Ross Management and Development Corporation (“ARMDC”), a nonprofit development instrumentality of the Housing Authority City of Pittsburgh (“HACP”) is seeking qualified firms to respond through this Request for Proposals (“RFP”) to help finance the new construction of an 87-unit multifamily building for seniors 62 and older, located in Pittsburgh Pennsylvania in the neighborhood of Northview Heights (the “Project”) using 4% Low Income Housing Tax Credit (LIHTC) and Tax-Exempt Bond financing. ARMDC is seeking written proposals from qualified firms wishing to serve in one or more of the following roles for the Project:

1) An investor/syndicator limited partner for a 4% Low Income Housing Tax Credit (LIHTC) application and allocation.

2) A construction/bond purchaser and/or permanent bond purchaser. ARMDC seeks particularly proposals to originate 221(d)(4) financing insured by FHA, but is open to other financing proposals.

Financing for the Project is expected to close in October 2017. Respondents may propose to serve in one, or more, roles. For efficiency’s sake, ARMDC strongly prefers the respondents collaborate as necessary to provide a comprehensive proposal covering all proposed roles. An individual firm can join multiple respondent teams.

Issue Date:

Jan 30, 2017 11:14 am

Meeting Date:

Feb 9, 2017 10:00 am

Deadline Date:

Feb 17, 2017 10:00 am

Procurement Details:

ARMDC seeks proposals from firms qualified to provide LIHTC and/or Construction and/or Permanent Lending services.

Contact Information:

Mr. Kim Detrick
(412) 456-5116 Opt #1
Kim.Detrick@hacp.org
HACP Procurement Department
100 Ross Street
2nd Floor Suite 200
Pittsburgh, PA 15219

Question Deadline:

Feb 10, 2017 10:00 am

Bid Instructions:

HACP Procurement Department
100 Ross Street
2nd Floor Suite 200
Pittsburgh, PA 15219

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