Attachement A - Statement of Work.pdf

Statement of Work

Project Title: FHA 221(d)(4) Training Program

Background

The purpose of this requirement is to ensure that HUD’s underwriters understand large-scale lending. The training program is to provide HUD staff with the required skills and understanding of rental housing using tax credits to finance and underwrite new construction and/or substantial rehabilitation transactions for FHA-insured multifamily mortgages and to understand cost. FHA-approved lenders submit loan applications for FHA-insured multifamily mortgages that are funded from tax credit proceeds.

The live web-based training is to focus on underwriting multifamily transactions under the 221(d)(4) program. Participation and successful completion of the course aids in developing the skills of HUD Multifamily staff working in an underwriting or technical assistance role.

Chapter 14 of the HUD Multifamily Application Processing (MAP) Guide outlines policies and procedures for underwriting and reviewing FHA multifamily mortgage insurance applications for projects.

Scope of Work/Objective

The objective of this requirement is to obtain training for HUD underwriters to improve their knowledge of housing finance terms; understand the tax credits and tax-exempt bonds; clarify HUD's various roles in housing; summarize regulations regarding tax credit financing; explore the roles of the development team; review requirements for new construction and substantial rehabilitation transactions; clarify MAP Guide requirements; comprehend key underwriting components; categorize sources and uses as mortgageable and non-mortgageable; and outline construction loan administration and servicing 221(d)(4) new construction or substantial loan transactions.

Description of Work

Provide training tailored to processing and underwriting FHA-insured mortgages under the 221(d)(4) new construction and substantial rehabilitation program that are financed with tax credit proceeds. Provide the HUD participant with twice a week, two-hour instructor-guided training and a final exam administered by the contractor to assess participants understanding of and ability to underwrite new construction and substantial rehabilitation transactions financed with tax credits.

Specific Requirements/Performance Standards

Provide 6-8 weeks training from September 2025 to December 2025, for 15 HUD staff tailored to processing and underwriting FHA-insured mortgages under the 221(d)(4) new construction and substantial rehabilitation program. The contractor shall provide the HUD participant with a virtual kick-off for an introduction and overview of the FHA section

221(d)(4) program and the housing market; two-hour instructor-guided training on the course topics shown in the chart below. The contractor shall administer a final exam to assess participants’ understanding of and ability to underwrite new construction and substantial rehabilitation transactions financed with tax credits. The course topics that need to be covered are shown below and can be found in the MAP Guide at : Multifamily Accelerated Processing

(MAP) Guide (4430.G) | HUD.gov / U.S. Department of Housing and Urban Development

(HUD):

Course Topics

Virtual kick-off – FHA Program Overview and the Housing Market

Course 1: Introduction to Affordable Housing and History of LIHTC

Course 2: Tax-Exempt Private Activity Bonds

Course 3: HUD's Various Roles

Course 4: The Development Team and Development Budget

Course 5: Architecture and Engineering Cost Review

Course 6: Appraisal and Market Study

Course 7: Environmental Analysis

Course 8: MAP Guide Chapter 14 and Related Chapters

Course 9: Underwriting the Affordable Deal

Course 10: Legal and Closing Matters

Course 11: Construction Administration/Servicing

Course 12: The Rest of the Industry

Quality Control Plan

The Contractor shall develop, maintain, enforce, and document a Quality Control Plan (QCP). The QCP shall ensure the Government receives the level of quality that is consistent with the requirements specified in this contract. The QCP shall be sufficiently detailed to provide the contractors methodology for identifying and recruiting qualified personnel. The QCP shall also provide the contractors methodology for establishing an internal feedback system for support personnel, and for resolving problems identified by that feedback system.

Confidentiality of Information

Unless otherwise specified, all financial and personal data, which is produced or otherwise available to the contractor during the performance of this contract, is considered confidential and shall not be used for any purpose other than performance of the work under this contract.

https://www.hud.gov/program_offices/administration/hudclips/guidebooks/hsg-GB4430 https://www.hud.gov/program_offices/administration/hudclips/guidebooks/hsg-GB4430 https://www.hud.gov/program_offices/administration/hudclips/guidebooks/hsg-GB4430

Regardless of the form of this data, the contractor agrees that no employees will disclose or allow disclosure of any such data or derivatives thereof to third parties, except as may be required in the performance of this task order.

Quality of Support

The Contractor shall ensure that all support personnel are adequately trained, possess the requisite experience, and are otherwise fully qualified to provide the high level of support required by the Department prior to being assigned to this effort.

Period of Performance

The period of performance is from September 4, 2025, to December 19, 2025.

The online webinar will be held on Tuesdays and Thursdays from 1:00 P.M. to 3:00 P.M.

Eastern Stand Time.