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 &
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
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
Assist with resident relocation timeframe and efforts
Oversee asset management functions as required through lease‐up
and conversion to permanent financing