5369-a.pdf

This is a Request for Proposals (RFP) document from the City of Boston's Department of Housing and Community Development for the Boston Housing Accelerator Fund Construction Lending and Investment Opportunities. The RFP solicits qualified financial institutions and investment entities to serve as construction lenders and equity investors for residential development projects that advance the city's affordable housing goals. Respondents are expected to demonstrate capacity in construction lending, long-term permanent financing, and equity investment structures. The submission deadline is specified in the RFP, with evaluation criteria focusing on financial capacity, experience with mixed-income residential development, track record with community development projects, and commitment to affordable housing preservation. The contract term and any renewal options are detailed in the RFP document, along with requirements for site visits and pre-submission conferences to allow bidders to clarify project scope and financing opportunities.

The RFP establishes pricing terms based on competitive proposals from respondents, with evaluation emphasizing financial feasibility and investor returns alongside public benefit metrics. Funding for the program derives from municipal sources and may include federal and state housing grants. Prospective respondents should note any incumbent financing relationships with the city and current market conditions affecting construction lending and real estate investment. The city seeks to leverage both public and private capital to accelerate housing production and affordability, with specific attention to responsiveness to underserved neighborhoods and alignment with the city's housing strategic priorities.