NH-2026-RFP-02 - RFP - Consultant for HUD Restore Rebuild (Faircloth-to-RAD) conversion

New Horizons is requesting proposals from qualified Consultants with experience in the application and conversion of Faircloth-to-RAD authority under the Department of Housing and Urban Developments (HUD) Restore Rebuild initiative. HACSC retains 234 Faircloth units and plans to use mixed finance development through the Restore Rebuild initiative to support the new construction of several projects within the County of Santa Cruz. New Horizons currently has multiple projects in the pre-development phase in which Restore Rebuild is being assessed as a potential option for project financing, the first of which will include up to 66 units. New Horizons expects to establish a development pipeline to fully utilize HACSC’s Faircloth authority in the next several years. The selected Consultant will be responsible for guiding and advising New Horizons and the Housing Authority through the Restore Rebuild application, construction, and conversion process to ensure successful use of Faircloth authority. The Consultant must be an effective collaborator to work with key stakeholders which includes New Horizons staff, outside General Counsel, HUD staff, and other advisors. The Consultant will not be responsible for providing services related to the physical design and construction of these affordable housing development projects.