Attachment_#4c_-_Qualifying_Project_-_Property_Manager.docx

This file is a Qualifying Project Form for Property Management Experience submitted to the County of San Mateo Department of Housing in support of a Request for Proposals for the development of 710 Hamilton Street in Redwood City, California. The form is designed to document a property manager's qualifications and prior experience managing similar affordable housing projects. Specifically, the qualifying project must include family units with two or more bedrooms, cannot be a restricted senior housing project, must be financed in part with Low-Income Housing Tax Credits, and must be located within the nine-county Bay Area region. The form requires submission of detailed information about the property management company, project developer, owner, project type, and the duration of property management (requiring a minimum of 36 months of management experience). Additionally, the form requests comprehensive data on the total number of residential units, unit mix, affordability levels of rent-restricted units, populations served, amenities provided, financing sources, per-unit operating expenses, and the presence of resident services coordinators and supportive housing service providers.

The form requires property managers to document the unit composition by affordability level, ranging from units affordable to households earning less than 30 percent of Area Median Income through 80 percent AMI, and to calculate the average affordability level across all restricted units. Applicants must provide information on any commercial uses located on the same property, operating budget and schedule variances from the original construction approval, and any additional information demonstrating compliance with minimum qualifications for property management. This qualifying project form is part of the County's evaluation process to select experienced development teams capable of developing and operating mixed-income housing on the 20,500-square-foot parcel, with a ground lease arrangement where the County retains land ownership while the selected developer achieves operational control upon closing of construction financing.