Addendum #1 - 25-048 Direct Purchase or Private Placement Services for Workforce Housing.pdf

This document is Addendum #1 for Solicitation 25-048 issued by the Roaring Fork Transportation Authority (RFTA), relating to Direct Purchase or Private Placement Services for Workforce Housing. The addendum, dated June 17, 2025, becomes a binding incorporation to the solicitation documents and is intended to provide potential proposers with a questions and answers (Q&A) document submitted through BidNet Direct's website. All proposers are required to acknowledge this addendum with their submission.

The underlying solicitation seeks qualified financial institutions to provide direct purchase or private placement services to fund approximately $13 million in project expenditures for RFTA's completed workforce housing facility in Glenwood Springs, Colorado. The project involves reimbursement for a hotel conversion that has already been acquired and renovated, with occupancy and operations beginning in early 2025. RFTA aims to close the direct purchase/private placement in Fall 2025, with a funding deadline of early November 2025. The Q&A document, which is a separate attachment to this addendum, will provide additional details and clarifications for potential proposers.