RFP Date: February 24, 2021
Responses due: March 15, 2021 Extended to March 22, 2021, 5:00 pm
To: Potential lenders and LIHTC investors.
Re: Request for Financing Proposals; Fitzsimmons Veterans Independent Living; Aurora Housing Authority, Aurora, Colorado.
The Aurora Housing Authority (AHA) invites you to submit a financing proposal for any combination of the following for the Fitzsimmons Veterans project:
a. Construction loan
b. Permanent loan
c. Federal LIHTC tax credit equity
d. State of Colorado tax credit equity
This is a 59-unit new construction project that was awarded a preliminary reservation of both non-competitive 4% Federal LIHTC and State Tax Credits by CHFA in the Fall of 2020, revised January 2021. At this time, AHA is seeking a letter of intent outlining the terms of your proposed financing. AHA will review these responses with the intent of selecting its financing partners for the project.
The following materials have been prepared to assist you in your review. They are accessible on AHA’s website via the following link: https://www.aurorahousing.org/vendors/proposals-and-quotes/)
a. Approved CHFA initial application ($ out of date. Excel format).
b. CHFA initial Federal determination letter (as revised January 26, 2021).
c. CHFA state credit preliminary reservation letter dated January 26, 2021.
d. Project narrative (from CHFA application; $ estimates out of date).
e. Project market study (from CHFA application; rents slightly out of date).
f. Current preliminary cash flow projections (ignore CHFA application $. Use these $. Both PDF and Excel formats included).
g. Project timeline Milestones (ignore CHFA application dates, use these).
h. Site map.
Additional questions regarding this project may be directed to me at the number or email address below. Your letter of intent is requested no later than March 15, 2021, and should be sent via email to me.
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