The selected Development Partner will be responsible for planning, financing, and executing eligible housing projects. Key responsibilities include: Development Services • Propose acquisition or new construction using EFBs. • Prepare and implement a Master Development Plan aligned with AH's strategic goals. • Ensure one-for-one replacement of public housing units where applicable, with integrated affordable units. • Provide site planning, architectural design, engineering, and pre-development coordination. • Prepare and maintain 10-year operating budgets, pro forma statements, and tax credit strategies. • Incorporate green space, community amenities, and sustainable design. • Conduct community engagement and integrate resident services. Financial Structuring & Risk Management • Structure layered financing including EFBs, LIHTC, HOME/CDBG, and local sources. • Submit 4% and/or 9% LIHTC applications where applicable. • Provide credit enhancements and ownership structures that promote long-term affordability. • Share fees, equity, and net revenue with AH, where appropriate. • Assume responsibility for pre-closing, acquisition, and construction risks Project Readiness & Execution • Conduct market, environmental, and geotechnical studies. • Secure zoning approvals, entitlements, and permits. • Select and manage third-party contractors and consultants. • Oversee construction through completion. • Lead marketing, lease-up, and compliance efforts.
