0 Sanctuary on Potomac Financing RFP Cover Memo 9.24.24.pdf
PDF 441 KB Posted
- Attached to
- RFP20240906 Debt and Equity Sanctuary on Potomac
- Solicitation number
- RFP20240906
- Issued by
- Alamosa County, Colorado
About this file
This is a Request for Financing Proposals (RFP) issued by the Aurora Housing Authority (AHA) in Aurora, Colorado, seeking financing partners for the Sanctuary on Potomac Permanent Supportive Housing (PSH) project. The RFP, dated September 24, 2024, invites potential lenders and Low-Income Housing Tax Credit (LIHTC) investors to submit proposals for a 43-unit new construction project, specifically requesting combinations of construction loans, permanent loans, Federal LIHTC tax credit equity, and State of Colorado tax credit equity. Responses are due by October 15, 2024, at 3:00 MST, with proposals to be submitted via email to the Senior Director of Development.
The project has already been awarded a preliminary reservation of non-competitive 4% Federal LIHTC and State Tax Credits by the Colorado Housing Finance Authority (CHFA) in the summer of 2024. Supporting documentation, including the CHFA initial application, market study, preliminary cash flow projections, project timeline, and site map, will be available on AHA's website. The housing authority reserves the right to reject any submissions, discontinue the process, or waive informalities, with proposals subject to public review through open records requests. After project award, proposals may be shared with non-successful respondents, emphasizing transparency in the selection process.
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2280 South Xanadu Way | Aurora, Colorado 80014
720-251-2100 | Fax: 303-340-1972 | TDD Relay 7-1-1
RFP Date: Sept 24, 2024
Responses due: Oct 15, 2024
To: Potential lenders and LIHTC investors.
Re: Request for Financing Proposals; Sanctuary on Potomac PSH; 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 Sanctuary on Potomac PSH project:
a. Construction loan
b. Permanent loan
c. Federal LIHTC tax credit equity
d. State of Colorado tax credit equity
This is a 43-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 Summer of 2024. 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 (Excel format).
b. CHFA Initial determination and state credit reservation letter.
c. Project narrative (from CHFA application).
d. Project market study (from CHFA application).
e. Current preliminary cash flow projections (Both PDF and Excel formats included).
f. Project timeline Milestones (ignore CHFA application dates, use these).
g. Project quick summary of financing sought.
h. Site map.
https://www.aurorahousing.org/vendors/proposals-and-quotes/ https://www.aurorahousing.org/vendors/proposals-and-quotes/
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 Oct 15, 2024, 3:00 MST and should be sent via email to me.
AHA reserves the right to reject any and all submittals, discontinue the process at any time, or waive informalities in the submittals. Proposals are subject to public review via opens records requests.
Once the award of the project has been made, proposals may also be shared with non-successful respondents.
Martin Petrov
Senior Director of Development 720-251-2094 mpetrov@aurorahousing.org
File details come from the government source that posted it. Updated .