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Developer for Real Estate Developments


Location
Indiana
Publication Date
04/10/2019 01:21 PM EDT
Closing Date
05/31/2019 01:00 PM EDT
Issuing Organization
Fort Wayne Housing Authority
Solicitation Number
Description

Specifications include, but are not limited to: FWHA is seeking responses from an experienced professional or team of professionals to co-develop affordable and or market rate Housing Developments in conjunction with FWHA. The FWHA, or its non‐ profit affiliate, will serve as the co‐developer with a development company that is experienced in the use of federal LIHTC and financing from HUD. FWHA, along with the co‐developer, shall select the other key members of the team which may include architectural, legal, construction, management and financial services. Co-Developer’s Role (this list is not necessarily all-inclusive):  Obtain all permits, approvals, and environmental clearances.  Hire professional services such as environmental, architectural, engineering, marketing accountant, legal as needed  Hire general contractor and all trades  Arrange financing and provide all required guarantees which exceed those which can be provided by the FWHA because of its nonprofit & governmental status  Assist with Low Income Housing Tax Credit application to IHCDA, Federal Home Loan Bank, and other applications as needed  Assist in developing training and employment opportunities to Section 3 individuals.  Help encourage participation by MBE, WBE and Section 3 firms  Ensure compliance with Davis‐Bacon  Develop a cost‐effective construction strategy and implementation schedule  Work with FWHA and consultant to develop detailed project budget or operating pro‐formas showing at least 20‐year projections.  Assist FWHA in compiling data for regular monthly reports on the progress of development efforts, including work completed, associated costs, and schedule  Assist FWHA staff in developing capacity in the development and mixed‐finance arenas and managing tax credit apartments as needed  Assist with resident relocation timeframe and efforts  Oversee asset management functions as required through lease‐up and conversion to permanent financing

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