Project-Based Voucher & Gap Financing Program 2019

RFP/RFQ#600-39-19

CLOSED, Awarded

The Housing Authority of the City of Pittsburgh (HACP) desires to work with private for-profit and/or non-profit owners and developers of affordable/mixed-income housing for developing/rehabilitating/preserving affordable units under its Project-Based Voucher (PBV) and Gap Financing program. HACP is undertaking this initiative to expand the available housing choices for low income families in Pittsburgh and to spur development of quality housing in areas where HACP and the City of Pittsburgh are undertaking community revitalization and redevelopment activities as well as to expand the availability of affordable, quality rental housing in neighborhoods that can meet U.S. Department of Housing and Urban Development’s (HUD) PBV site selection standards.

HACP will provide certain financial incentives to support the successful completion of any particular affordable housing development proposal. HACP will offer two special incentives through this Request for Proposals (RFP):
● Section 8 Project-Based Housing Choice Voucher Funding or PBV
● Last Resort Gap Financing in the form of soft and/or hard loans (Gap Financing)

HACP’s Project-Based Voucher/Gap Financing (PBV/Gap Financing) program is created to provide the last resort development financing source and project-based operating subsidy for developers/owners to develop and preserve affordable rental homes in the City of Pittsburgh. The HACP and its instrumentality, Allies & Ross Management and Development Corporation (ARMDC), will perform programmatic and underwriting analysis on all proposals submitted in response to this RFP. PBV/Gap Financing projects must also comply with HUD’s Moving to Work (MTW) local non-traditional development program guidelines as described herein.

Issue Date:

Dec 30, 2019 08:49 am

Meeting Date:

Jan 10, 2020 09:00 am

Deadline Date:

Jan 31, 2020 02:00 pm

Procurement Details:

Proposers who apply for and are selected to participate in the PBV/Gap Financing program will be subject to HACP’s policies and procedures and approval by the Board of Commissioners.

HACP’s selection process under this RFP may result in one or more awards for Project-Based Vouchers and Gap Financing support that HACP has determined to be in its best interest. As
each proposed project’s financing is identified, planned and/or ready for implementation, HACP/ARMDC will analyze the deal and determine if HACP’s investment will assist in the timely implementation of the project. HACP reserves the right to award to one or multiple respondents, or to not make an award.

Contact Information:

Mr. Kim Detrick – Procurement Director/Chief Contracting Officer
Housing Authority of the City of Pittsburgh
100 Ross Street 2nd Floor Suite 200
Pittsburgh, PA 15219
412.456.5116, Option 1
412.456.5007 fax
kim.detrick@hacp.org

Question Deadline:

Jan 24, 2020 02:00 pm

Bid Instructions:

Housing Authority of the City of Pittsburgh
Procurement Department
100 Ross Street 2nd Floor Suite 200
Pittsburgh, PA 15219

Awardee:

Action Housing, Inc., The Community Builders, Inc., Intergen Real Estate Group, TREK Development Group, Inc., Hazelwood Initiative, Inc., Bridging the Gap Development, Inc.

Categories:

Banking, Construction Management, Consultants, Contractors, Demolition Services, Developers, Development Services, Financial, General, HazMat Abatement, Insurance, Other Partners, Other Vendors/Suppliers, Professional Services, Property Management, Property Management, Quality Control/Testing Services, Regulatory/Compliance, Safety, Site Services, Technical, Training, Utilities/Energy Management