Affordable Housing Services

Request for Proposals (RFP)

APPLICATION

for

New Construction Development of

County Owned Affordable Housing Infill Property

Program Year (PY) 2026

Brenda Brackins, Director

New Construction Development of County Owned Affordable Housing Infill Property - Application

APPLICATION

Request for Proposals (RFP)

Program Year (PY) 2026

This Application is for the Hillsborough County Affordable Housing Services’ (AHS) Request for Proposals (RFP) for New Construction Development of County Owned Property. The goal of this RFP is to increase the availability of single-family home ownership and multi-family rental affordable housing within Hillsborough County by utilizing existing County owned property designated for affordable housing purposes.

The Project Goals:

All units must be set-aside for households at or below 80% of area median income (AMI).

Emphasis will be placed on projects which remove or reduce housing barriers, projects with extended affordability periods, and projects serving very low income, special needs and homeless populations. The projects may include multi-family rental and homeownership that target households at or below 80% AMI and/or single-family homeownership opportunities for first time home buyers at or below 80% AMI.

RFP Requirements:

• Funds may be awarded to non-profit and for-profit organizations for projects that benefit extremely low to moderate income households/persons (at or below eighty (80%) area median income) for eligible single family new construction homebuyer properties.

• Twenty-five (25%) of the development and construction costs of the project is required to be leveraged by external funds.

• Proposers are required to include, at a minimum, the following information in each proposal:

1) Preliminary site plans;

2) Preliminary design/construction plans;

3) Construction schedule and budget;

4) Marketing plan;

5) Five (5) year operating pro-forma for rental projects that will serve eligible individuals and/or households with special needs, if applicable.

• Eligible proposers must be non-profit and/or for-profit entities that have been operating in good standing with the State of Florida for a minimum of two years.

• Special needs housing may only be conveyed to a non-profit entity which ordinarily also provides wrap-around services.

New Construction Development of County Owned Affordable Housing Infill Property

• It is the responsibility of the applicant to confirm utility access, walk the parcel for topography and do as much due diligence as possible on properties of interest prior to submitting the application.

• A proposer of a Single-Family Home Development must have completed a minimum of one single family development with a minimum of ten (10) single family homes.

• A proposer of a Multi-Family Rental Development must have completed a minimum of three (3) successful multi-family rental projects prior to this application.

• The list of available Infill Properties is included in the RFP Instructions (Maps and Property Locations – Attachment A). No other properties may be submitted for consideration.

• Proposals submitted that are inconsistent with the parameters established in this RFP will deem your application ineligible.

• Land awarded under this RFP will be transferred to the successful proposer pursuant to the terms of an Infill Program Transfer Agreement subject to the approval of the Hillsborough County Board of County Commissioners.

• A mortgage, promissory note and land use restriction agreement will be executed by the successful proposer for a minimum 40-year term for multifamily rental developments.

Interest payments will be required of for-profit developers of 1% - 3% annually on the value of the land.

• For Multi-Family Rental Developments, the land conveyed must remain under the ownership of the successful proposer for the duration of the affordability period or the mortgage will be considered in default and payment for the land will be required in the amount of the original mortgage and promissory note amount, including accumulated interest, and a percentage of any increased value in the land. The affordability period for these projects is a minimum of 40 years.

• For Single Family Home Developments, the homes must be sold on a first come first served basis to income eligible first-time homebuyers who will execute a homebuyer deferred payment mortgage, promissory note, and land use restriction agreement recorded at the time of closing with a term equal to the affordability period. The affordability of these projects is a minimum of 30 years. The maximum sales price of the homes may not exceed 95 percent of the area median purchase price for single family housing, as determined by the Department of Housing and Urban Development (HUD).

INELIGIBLE PROPOSERS/PROPOSALS

• Any party on the Excluded Parties List System (Home | SAM.gov) will be deemed ineligible. This includes both the proposer and any partnering organization identified as part of the proposal.

• Proposers that do not have a non-profit incorporation and 501(c)(3) designation and have not filed I.R.S. Form 990, or Exemption Statement, or applicable “For Profit” Form, and have not received an audit conducted by an independent auditor. Certified financial statements are acceptable if an agency audit is not required.

• Proposers with two or more projects through AHS that are less than fifty percent (50%) complete and/or have less than fifty percent (50%) of AHS funds expended, as documented by the required Monthly/Quarterly Progress Reports and verified by

AHS.

• Proposers with open/existing project(s) funded through AHS or directly by the County that has been determined by AHS to be out-of-compliance with project requirements, with unresolved findings or concerns as documented by a County monitoring report and/or has been issued a letter of non-compliance outside of its usual monitoring period, and/or have failed to meet deliverables as required under a County funded agreement monitored by AHS, are ineligible under this RFP.

• Proposers that were previously awarded properties through an RFP, are not eligible to request any additional properties unless at least 50% of the awarded properties have completed construction.

• Proposals that do not include the minimum requirements:

1) Preliminary site plans;

2) Preliminary design/construction plans;

3) Construction schedule and budget;

4) Marketing plan;

5) Five (5) year operating pro-forma for rental projects that will serve eligible individuals and/or households with special needs, if applicable.

https://sam.gov/

The Application Prerequisite:

• Has your organization been awarded property through a County RFP ☐ Yes ☐ No If yes, has at least 50% of the awarded properties completed construction?

☐ Yes ☐ No (If no, your organization is not eligible to apply for this RFP)

1. GENERAL INFORMATION

Ownership Organization Name Mailing Address Organization Website Telephone # Fax # Federal Tax ID # DUNS #/SAMS Unique ID Authorized Official Name/Title Authorized Official E-mail Address Contact Person/Title Contact Person E-mail Address Contact Person Telephone # Project Title Project Address

2. PROJECT INFORMATION

a) Project Location/Boundary

Clearly identify the requested parcel(s) of land from the list of properties included in this RFP as provided in the Instructions. Please identify location by address and/or folio number provided in this RFP. If submitting a request for more than one property, then please submit a separate application for each property and prioritize the proposals. For the lots comprising “Parcel Groups 1 - 5”, proposals are to be submitted as a single development on one application.

b) Project Funding

Project Type Total # Units or Households

Matching Funds

Other Funding Sources

Total Committed

Funds

Total Project Cost*

Multi-Family Rental Housing – New Construction Homeownership – New Construction

*To determine Total Project Cost, add Matching Funds, Other Funding Sources and Total Committed Funds. Twenty-five percent (25%) of the project is required to be leveraged by external funds.

c) Project Description

Provide a brief description of the proposed project (500-character limit). The description should describe the project, not the organization.

3. DEVELOPER CAPACITY/QUALIFICATIONS, APPROACH AND ABILITY

□ Provide staff organizational chart with resumes of key staff directly involved in this project only. (Attachment 1)

□ Describe proposer’s project. Include experience with development projects similar to the one proposed.

□ Provide specific information on a minimum of three (3) affordable housing multi-family developments for multi-family rental project proposals. For single family home projects, a proposer must have completed a minimum of one (1) single family housing development that includes at least ten (10) single family homes. The proposer should also provide legal and financial documentation about the project including but not limited to legal surveys or sketches, architectural renderings, site plans and photos of the final product with this application. (Attachment 2)

□ Please explain how those projects were staffed and managed including, in-house staff, outsourced staff, partners, general contractors etc.

□ Provide a brief overview of your organization and its history. Please include the following: a history of ownership/owners/legal structure of the organization, including Certificate of Good Standing from the Secretary of State. Please note if any additional legal entities (managing partners/single purpose entities) will be formed to receive this transfer of property. The organization named in this application should be the same as the legal entity receiving the transfer of property. (Attachment 3)

□ Provide a current Tax Clearance Certificate from the Department of Revenue, or equivalent.

If proposer is a managing/special purpose entity include the above information for each sponsor, partner and equity member. (Attachment 4)

□ Provide a narrative and a list that describes the proposer’s staff available to complete the project on time and within budget and their years of experience. Within your narrative, please outline the experience of each of the organization’s developer team/partners, professionals, subcontractors and specific responsibilities of each. Please include examples of successfully completed projects similar to the one proposed for each member of the team and their role within the specific project and attach a portfolio with this information. (1,000-character limit).

(Attachment 5)

Name of Project Team Member and Title Years of Experience

□ Describe the specific abilities of the organization relative to the proposed project’s success.

Describe the plan for the development and how those plans are to be executed. Include any innovative approaches to planning and implementing the project.

□ Identify the proposed risk factors and methods for dealing with these factors including a description of any financial default. Please identify any methods used to manage and/or resolve the financial default and the remedies associated with them. Please indicate the dates these defaults occurred and when they were resolved.

□ Has your organization received any written compliance findings or concerns from AHS monitoring on the most recent project within the previous three (3) program years? Yes

No

□ Have all compliance issues from previous projects been resolved, if applicable?

Yes No

□ Has your organization encountered any of the following concerns on the most recent AHS project within the previous three (3) program years?

• Unresolved compliance issues, findings or concerns: Yes

• Delayed, untimely project closing: Yes No

• Returned grant funds to AHS for reallocation: Yes

No

• Unmet project accomplishments: persons/households served unfulfilled: Yes No No

Identify names and titles of members of the Board:

Name Title

Attach Letter from Board Chair authorizing signature of “Authorized Official.” (Attachment 6)

4. DEVELOPMENT PROPOSAL / PROJECT READINESS AND ABILITY TO PROCEED

□ Provide a preliminary site plan, which shall encompass the subject property and additional properties. The preliminary site plan shall indicate access, parking, building footprint, building height, square footage, open areas, unit bedroom and bathroom breakdown, etc.

(Attachment 7)

□ Provide a preliminary schedule including permits and approvals from any federal, state, or local agencies, to the extent such are required, and timing of any contemplated requests for other federal, state or local resources. Please include the timeline of the construction initiation, phasing, and completion. Also describe the opening of the project including major milestones and the proposed major responsibilities. Construction must be completed within 36 months of the execution of the Infill Program Transfer Agreement or such lesser amount of time as set forth in the Agreement.

□ Market Study- Provide a statement that clearly states the purpose for the project.

Discuss the need within the community, and the significance of the project to the beneficiaries of the community. Support your statement with relevant statistics and a market study (Attachment 8). The statement should include:

• An overview of the market relating to the proposed project

• Marketing plan (Attachment 11)

Date Milestone

□ Explain if zoning district is compatible or plans to modify zoning district provided.

□ Identify the design, construction and completion guarantees and warranties to be obtained for all work proposed to be completed on the land.

□ Indicate the number of units this proposal will provide, i.e., special needs, other assisted units, etc. along with the number of bedrooms (BR) and baths.

Unit Type Special Needs Units

Homeless Assisted

Units

Other Assisted

Units

Proposed Monthly Rent or

Sales Price 1 BR/ Bath

2 BR/ Bath

3 BR/ Bath

4 BR/ Bath

Total

□ Provide a design/construction plan including but not limited to construction materials, construction practices, energy saving and water conserving infrastructure. Please note that the design/construction plans will be subject to Hillsborough County Development Services Department approval. (Attachment 9)

□ Provide exterior building elevations, illustrating the massing, openings, materials, colors, and related elements. Elevations and other architectural elements must be consistent with County’s development expectations. Attach notes from Site & Subdivision Pre-Submittal Conference/HC Development Services, if any. (Attachment 10)

□ Summarize the preliminary facilities plan, square footage, total parking spaces, parking allocations (shared or exclusive), and types of parking e.g. structured or surface.

□ If the proposal is for a multifamily rental project, please provide a narrative describing the long-term ownership and management for a multifamily rental property.

□ Lead-Based Paint Compliance. Please describe how the organization will address lead-based paint hazards associated with the project, if applicable.

Attend a Land Development Site and Subdivision Pre-Submittal Conference to ensure elevations and other architectural elements are consistent with County’s development requirements and provide completed Land Development Site and Subdivision Pre-Submittal Conference Application and Project Information Form and conference documentation notes.

(Attachment 11)

5. PUBLIC BENEFIT

a) Set-Asides for Reducing Barriers to Housing for Low and Very Low-Income

Households, and Households Emerging from Homelessness and Special Needs populations.

Proposals will be evaluated to determine how the proposed development best serves the County in terms of long-lasting affordability of new residential units, reduction of barriers to attaining housing, and providing housing opportunities to residents that are emerging from homelessness, or are extremely low (30%), very low (50%), and low (80%) income households.

Proposals for developments exclusively dedicated to serve special needs and homeless households should only be submitted by non-profit agencies who ordinarily also provide wrap-around services.

□ Indicate the target AMI categories within your proposed development:

Area Median Income

0-30% 31-50% 51-80%

# of Units/ Households

□ Whether the project targets special needs households as defined in Section 420.0004 (13)

Florida Statutes:

“Person with special needs” means an adult person requiring independent living services in order to maintain housing or develop independent living skills and who has a disabling condition; a young adult formerly in foster care who is eligible for services under s. 409.1451(5);

a survivor of domestic violence as defined in s. 741.28; or a person receiving benefits under the Social Security Disability Insurance (SSDI) program or the Supplemental Security Income (SSI) program or from veterans’ disability benefits.

https://www.flsenate.gov/Laws/Statutes/2018/409.1451 https://www.flsenate.gov/Laws/Statutes/2018/741.28

□ Whether the Project targets households where the family/person is at risk of homelessness, homeless or emerging from homelessness, and describes related strategies for removing or reducing barriers for the period of affordability. Homelessness as defined by HUD are circumstances which lead to people to live in a place not meant for human habitation, in emergency shelters long-term, in transitional housing long-term, or are exiting an institution where they are temporarily resided.

□ Whether the Project prioritizes low barrier access to units. The proposal should include how it will benefit persons or families who have barriers to attaining housing such as financial hardships from job loss, death in the household, health issues, or other non-controllable events. For these units, low barrier access entails removing or diminishing barriers to securing the affordable rental unit. These actions may include waiving or adjusting requirements such as application fees, deposits, minimum income requirements, credit screening, etc.

□ Marketing Plan - Describe the methods for informing the public, owners, and potential tenants about the procedures to be used to inform and solicit proposals for persons in the housing marketing area who are not likely to apply for housing without special outreach.

Records must be maintained to describe actions to be taken to market units and assess the results of those actions. Please attach a Marketing Plan for the project. (Attachment 12).

□ Federal Fair Housing Act, Americans with Disabilities Act, Equal Employment Opportunity Act - Describe the procedures that will be used to ensure all federal guidelines are followed for multifamily projects.

6. LEVERAGING (OF EXTERNAL FUNDS)

□ Provide the amount and documentation of committed funds from outside entities, banking

& financial institutions, other government and quasi-governmental agencies (excluding Hillsborough County). Funds from parent companies and in-kind contributions from your organization (ex: salaries / office space / equipment) will not be considered for leveraging.

AHS will be looking for committed funds external to you and your organization as detailed below. The County may request additional information from the proposer to assist in this determination.

□ Letters of committed funds: must be external to you and your organization such as:

banking & financial institutions, other government, and quasi-governmental agencies (excluding Hillsborough County). Only include letters of maximum confirmed or approved committed funds supporting the project. (Attachment 13)

• All letters must be on the letterhead of the organization making the commitment, the maximum approved funding amount and must include a date, amount, and an authorized signature of the organization.

• Letters must demonstrate that the funding and maximum approved funding amount is applicable to the project detailed in this application.

• Do not include letters of support, copies of checks or donations.

• Low Income Tax Credits (LITC) and/or Housing Credits will be considered if the organization has contributed at least 10% of its own funds toward the cost of the project.

o How leveraging is calculated – Leveraging is calculated using the following formula:

External Committed Funds (Your Investment)

𝐓𝐓𝐓𝐓𝐓𝐓𝐓𝐓𝐓𝐓 𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏𝐏 𝐂𝐂𝐂𝐂𝐂𝐂𝐂𝐂

= Total Leveraged %

External Funding Source(s) (Attach documentation verifying commitments/awards)

Amount of Funds

Committed Pending

Total $ $ $

List All Funds Received from Hillsborough County since 2022

Amount of Funds

Awarded

Amount of Funds

Expended

Amount of Funds

Pending

% of Project

Complete

% of Funds

Expended

PY $ $ $ $ $

PY $ $ $ $ $

PY $ $ $ $ $

PY $ $ $ $ $

PY $ $ $ $ $

PY $ $ $ $ $

Total $ $ $ $ $

7. FINANCIAL DOCUMENTATION

□ Provide financial references (name, title, entity, telephone number, email and contractual relationship) for at least three (3) successful past developments that can be contacted with respect to current and past project experience. (Attachment 14)

□ Provide banking references, including letters of good standing from previous lenders.

(Attachment 15)

□ Provide letters from lending institutions, not more than three months old, that demonstrate the existence of liquid assets or suitable unencumbered lines of credit to carry out the predevelopment activities. Evidence of the entity’s liquid assets or some acceptable form of equity shall be equal to the equity requirements of the prospective construction lender.

(Attachment 16)

□ Provide a preliminary business plan to include a conceptual overview of how the developer would propose to structure, finance, develop and manage the project, the options for leveraging the County’s property and long-term affordability terms of the development.

(Attachment 17)

□ Explain the financing plan of the project including identifying the source(s) and amount of debt and equity to be used to capitalize the project and the relationships (e.g., outside lender, parent company, etc.) of the entities providing funding.

□ Provide a five (5) year pro forma that identifies capital reserves, debt payments, and any other obligations during this period. The proforma should include a cash flow analysis for the duration of the project, including but not limited to: estimates of costs, operating expenses, capital reserves including maintenance/replacement and re-tenanting reserves, net operating income, debt service, partnership percentages, disposition benchmarks, annual vacancy factor, stabilized NOI, calculations of net present value, and internal rate of return. (Attachment 18)

□ Provide a construction budget detailing anticipated pre-development costs, and all hard and soft costs from construction through occupancy. (Attachment 19)

□ Provide an operating budget from construction to occupancy. Include sources and anticipated amounts of working capital to cover operating costs and to adequately maintain operations from the start-up through completion. (Attachment 20)

□ Provide letters of commitment and contact information for all approved committed funding sources that are external to the organization. (Attachment 13)

□ Disclose and explain the circumstances under which any prior funding sources or financial lending institutions have threatened to take or have taken adverse action against the proposer, such as loan acceleration, foreclosure, terminating or restricting the use of funds, occurring any time during the past five (5) years.

□ Provide a statement disclosing and explaining any of the following conduct. Check all that apply. Please include your explanation regarding each applicable circumstance below.

□ Bankruptcy filings;

□ Liquidated damages;

□ Fines, assessments or penalties;

□ Judgments or awards in contract disputes;

□ Contract defaults and/or contract terminations;

□ License revocations, suspensions and/or other disciplinary actions;

□ Prior debarments or suspension by a governmental entity;

□ Denials of prequalification or findings of non-responsibility;

□ Safety past performance date, including fatality incidents;

□ Experience ratings;

□ Modification ratings;

□ Recordable injury rate;

□ Workday incidence rate;

□ Alleged violations of any federal, state or local civil law;

□ Alleged violations of any federal, state or local criminal law;

□ Criminal indictments or investigations;

□ Legal claims filed by or against the entity; and

□ Claims on payment and performance bonds.

Additional Required Documentation

Please attach the required documents as indicated below: (Failure to provide all required documents may deem this application unresponsive/ineligible).

□ Most recent two years of Audited Financial Statements, including the Notes. The County’s

Office of Management and Budget (OMB) will review submitted Audited Financial statements no older than two (2) years. (Attachment 21)

□ Attachment of the organization’s current financial policy and procedures. (Attachment 22)

□ If the proposer has been awarded more than $1,000,000 in Federal funding in the last year, then the proposer must provide the most current (no older than two (2) years) signed copy of proposer’s Single Audit.

□ If the proposer has been awarded less than $1,000,000 in federal funding in the last year, then the proposer must submit reviewed or compiled financial statements, prepared by an independent, licensed accounting professional in lieu of an audit. The financial statements must include the following information:

o Current financial position to determine:

• Stability (cash flow versus reliable income)

• Sustainability (budget showing a surplus or deficit)

• Reasonable accounting format (showing assets and liabilities and composition of expenses) o Results of operations or changes in net assets;

• If the proposer has received any federal award (directly or indirectly), then they must provide the schedule of expenditures of the federal award(s) for the period covered by the financial statement, include the total federal award expended for each individual federal program, federal Organization name, pass-through entity (if applicable), and CFDA number (or other identifying number if CFDA number is not available);

• If applicable, identify in the financial statement notes the total amount provided for a loan or loan guarantee program(s); include the schedule of balance outstanding at the end of the audit period. Also include notes that describe the accounting policies used in preparing the schedule and if the auditee elected to use the 15% de minimis cost rate on indirect costs;

• Restrictions (temporary and permanent) that impact income statements;

• Copy of the most recent IRS Form 990 or applicable “For Profit” Form.

(Attachment 23) o All accompanying Footnotes or Notes to the financial statements.

8. FINANCIAL CAPACITY – REVIEW CONDUCTED BY HILLSBOROUGH COUNTY OFFICE

OF MANAGEMENT AND BUDGET (OMB)

The proposer must demonstrate financial capacity to perform the requirements of this proposal, including the ability to secure all necessary financing to completely fund the project.

Hillsborough County Office of Management and Budget (OMB) will be reviewing the financial stability of the organization. The following questions will be considered by the OMB to determine the financial capacity of the proposer:

□ Did the proposer provide the required financial statements along with the accompanying audit opinion letter (if applicable) and Notes to the statements for the two most recently ended fiscal years?

□ Are the proposer’s financial statements recent enough to provide insight into the organization's current financial position?

□ Does the proposer show financial oversight and internal controls?

□ Can the proposer achieve income stability by demonstrating capacity to generate income?

□ Does the proposer show responsible stewardship of resources it has received?

□ Are there adequate management practices in place for financial reporting?

□ Is the proposer able to carry out its mission in a stable and effective way that will ensure project completion?

The following questions will be considered by the OMB to determine the financial capacity of the proposer:

o Is the proposer’s Current Ratio (Current Assets vs. Current Liabilities) equal to or greater than 1?

o Does the proposer have at least 90 Days Cash on Hand? (industry average is

90 days) o Is the proposer’s Debt Ratio low enough that debt-related costs do not jeopardize its ability to conduct normal business operations or pay normal operating expenses?

o Is the proposer’s Reliance on Grants and Government Ratio sufficiently low to suggest that the organization can continue operations if governmental revenue sources decrease by a material amount or in their entirety?

o Does the proposer’s General, Administrative and Fundraising Cost Ratio indicate that the majority of revenues are being used for direct program services and to carry out the organization’s mission?

o Does the proposer’s Profitability Ratio indicate that the organization is generating annual income equal to or in excess of annual expenses?

9. COST REASONABLENESS AND ACCURACY

The cost estimate was prepared by:

(attach supporting documentation) (Attachment 24)

1) Applicant: Name of Staff Person(s):

2) Contracted Engineer: Name of Firm:

3) Other Contractor or Consultant: Name of Firm:

When was the budget cost estimate prepared?

On what basis are the estimated costs reasonable and accurate?

10. CERTIFICATION

I certify that the information contained in this application is true and correct to the best of my knowledge and belief. It contains no misrepresentations, falsifications, intentional omissions, or concealment of material facts. I further certify that no contracts have been awarded and/or construction has not begun on the proposed project, and that no action will be taken prior to issuance of official authorization to proceed by the Hillsborough County Affordable Housing Services Department and approval by the Hillsborough County Board of County Commissioners. I further certify that I am authorized to submit this application on behalf of my organization and have followed all policies and procedures of my organization regarding this application.

Signature of Authorized Official

Name of Authorized Official

Title

Date

FAILURE TO SUPPLY THE REQUIRED DOCUMENTS WILL AFFECT

RANKING AND MAY DEEM THE PROPOSAL INELIGIBLE

Your application should be submitted with the following:

□ Attachment 1- Organizational Chart of this project’s staff with the most recent resumes of key staff to be directly involved in the proposed project

□ Attachment 2- Similar development projects - legal surveys, sketches, renderings, site plans and photos

□ Attachment 3- Organization overview and history - certificate of good standing, Managing partners/single purpose entities

□ Attachment 4- Tax Clearance Certificate or equivalent

□ Attachment 5- Portfolio of development team, partners, subcontractors with successfully completed projects

□ Attachment 6- Authorized Official Letter

□ Attachment 7- Preliminary Site Plan

□ Attachment 8- Market Summary

□ Attachment 9- Design/Construction plans

□ Attachment 10- Exterior building elevations with massing, openings, materials, colors, and related elements

□ Attachment 11- Completed Land Development Site and Subdivision Pre-Submittal Conference Application and Project Information Form and conference documentation notes

□ Attachment 12- Marketing Plan

□ Attachment 13- Letters of Commitment

□ Attachment 14- Financial references for prior affordable housing developments (at least 3). No County staff references

□ Attachment 15- Banking references

□ Attachment 16- Letters from lending institutions (not more than 3 months old).

□ Attachment 17- Business Plan

□ Attachment 18- Five (5) year Proforma (from construction to occupancy anticipated time period)

□ Attachment 19- Construction budget

□ Attachment 20- Operating budget (from construction to occupancy)

REQUIRED DOCUMENTS CHECKLIST

□ Attachment 21- Audited Financial Statements (No older than two (2) years) and additional required documentation (Page 31)

□ Attachment 22- Financial Policies and Procedures

□ Attachment 23- IRS Form 990

□ Attachment 24- Cost Estimate Reasonableness