Low-Income_Housing_Tax_Credit_(LIHTC)_Program_Tax_Credit_Application_(Addendum_#1_Revision).pdf

PDF 225 KB Posted Apr 24, 2025

Attached to: Low-Income Housing Tax Credit (LIHTC) Program Tax Credit Application
Solicitation number: 25-P-00164
Issued by: Hillsborough County, Florida

About this file

Written by GovTribe AI · Oct 13, 2025

This is a Request for Proposals (RFP) from the City of Tampa's Housing and Community Development (HCD) Division for the Low-Income Housing Tax Credit (LIHTC) Program Tax Credit Application. The city is seeking qualified developers to submit proposals for multi-family housing projects that align with the priorities in the City's Consolidated Plan, specifically targeting the competitive 9% Low-Income Housing Tax Credit program. The RFP was released on April 1, 2025, with a non-mandatory pre-proposal meeting scheduled for April 15, 2025, at 10:00am. Potential bidders must submit questions by June 20, 2025, at 12:00pm, and complete proposal submissions are due by June 27, 2025, at 12:00pm.

The LIHTC program aims to incentivize affordable rental housing development by offering federal tax credits to developers who reserve a portion of units for low- and moderate-income households with rent restrictions. Developers will be evaluated on several criteria including organizational capacity (5 points), environmental review (10 points), project description (15 points), project readiness (15 points), financial capacity (20 points), WMBE (Women/Minority Business Enterprise) participation (20 points), and community engagement (15 points). The City of Tampa may provide HOME or SHIP funds to support the selected project and will offer a letter of support for the Florida Housing Finance Agency Tax Credit and Bond applications due in Summer 2025. The selected developer will be required to have a City Council-approved agreement within one year and must commence construction within six months of agreement execution.

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File	Type	Posted
Low-Income_Housing_Tax_Credit_(LIHTC)_Program_Tax_Credit_Application_(Addendum_#1_Revision).pdf	PDF	Apr 24, 2025
Planholder_List_(1).xlsx	XLSX spreadsheet	Apr 4, 2025
Low_Income_Housing_Tax_Credit_RFP.pdf	PDF	Apr 1, 2025
2025_Geographic_Areas_of_Opportunity_Hillsborough_County.xlsx	XLSX spreadsheet	Apr 1, 2025

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City of Tampa

Low-Income Housing Tax Credit (LIHTC) Program Tax Credit Application

25-P-00164

Housing & Community Development

Arian Cora, Procurement Analyst

2555 E. Hanna Ave

Tampa, FL 33610

Phone: (813) 274-5743

Table Of Contents

1. Introduction

2. Project Details

3. Evaluation Phase

4. Vendor Questionnaire

5. Attachments

Attachments:

A - Low_Income_Housing_Tax_Credit_RFP

B - 2025 Geographic Areas of Opportunity Hillsborough County

1. Introduction

The City of Tampa’s Housing and Community Development (HCD) Division invites qualified developers to submit proposals for the development of multi-family housing projects that align with the priorities outlined in the City’s Consolidated Plan. Through this RFP, the City seeks to support the creation and preservation of affordable rental housing by facilitating applications for the competitive 9%

Low-Income Housing Tax Credit (LIHTC).

The LIHTC program is the federal government’s primary mechanism for incentivizing the development and rehabilitation of affordable housing. Successful applicants will be expected to utilize these credits to create housing that serves low- and moderate-income households, with units that are both rent-restricted and income-restricted in accordance with program requirements.

The City is committed to expanding access to safe, quality, and affordable housing and encourages proposals that demonstrate financial feasibility, long-term sustainability, and meaningful community impact.

1.1. Summary

The City of Tampa’s Housing and Community Development (HCD) Division seeks to support the development of multi-family housing to address the needs outlined in the City’s Consolidated Plan. The City is seeking developer applications for the 9% tax credit.

The low-income housing tax credit (LIHTC) program is the federal government’s primary policy tool for encouraging the development and rehabilitation of affordable rental housing. The program awards developers federal tax credits to offset construction costs in exchange for agreeing to reserve a certain fraction of units that are rent-restricted and for lower-income households.

1.2. Timeline

Release Project Date: April 1, 2025

Pre-Proposal Meeting (Non-Mandatory): April 15, 2025, 10:00am

Agenda

2nd Floor Purchasing Conference Room at 2555 E.

Hanna Avenue, Tampa, FL 33610, and a Teams link are provided.

Question Submission Deadline: June 20, 2025, 12:00pm

Proposal Submission Deadline: June 27, 2025, 12:00pm

1.3. Procurement Contact

Arian Cora

Procurement Analyst

2555 E. Hanna Ave

Tampa, FL 33610

Email: arian.cora@tampagov.net

Phone: (813) 274-5743

2. Project Details

2.1. Important Instructions for Electronic Submittals

The City of Tampa is accepting electronic bid submissions. Bidders shall create a FREE account with OpenGov Procurement by signing up at https://procurement.opengov.com/signup. Once you have completed account registration, browse back to this page, click on

"Draft Response", and follow the instructions to submit the electronic bid.

2.2. Scope of Work or Project Details

https://teams.microsoft.com/l/meetup-join/19%3ameeting_YmUzNDc4MmItMjU2YS00MzA0LWI4YzYtYWY4NzJhYTA3ZmU2%40thread.v2/0?context=%7b%22Tid%22%3a%228d9d0373-5c91-45b4-905b-12fe918cb628%22%2c%22Oid%22%3a%22d31ef9ba-34a7-41f1-81ea-372e6e391bb5%22%7d https://procurement.opengov.com/signup

Please see the Attachments section for specifications and attachments.

2.3. City's Roles and Responsibilities

The City of Tampa may provide a letter of support and a financial commitment to proposed development projects that address the need for affordable housing while de-concentrating areas of poverty, Affirmatively Furthering Fair Housing and Housing Choice objectives, meets one or more of the goals and objectives of the City’s Consolidated Plan and Local Housing Assistance Plan, and effectively achieves the essential elements for consideration noted below.

The City will provide HOME or SHIP funds to support the selected project(s). There will be only one selection for the 9% tax credit application. The letter of support will be valid for the current Florida Housing Finance Agency Tax Credit and Bond applications due on or before SUMMER 2025 (estimated). The letters of commitment will be valid for one year from the date of issuance and may be renewed at the City’s discretion. During the one-year period a formal agreement must be negotiated and approved by the City Council.

2.4. Minimum Criteria

Demonstrated history that the applicant team has experience in effectively dealing with regulatory compliance associated with the use of federal and/or state housing-related funds, especially HOME or SHIP program funds.

Evidence that the affected community has successfully been engaged in the development process.

Estimate of the total project cost, including design, planning, hard and soft construction cost, property acquisition, infrastructure, furniture, fixtures and contingencies, etc.

A narrative description of the project to include the following information:

• Project benefits (i.e. # of affordable housing units, increase in tax base, job creation, green building elements, handicap accessibility, homeless units set aside, etc.).

• Status of funding commitments.

• Project timeline (completion and lease-up). Include all key dates, including anticipated timing of permits and credit underwriting, Housing Credit closing date, completion of construction, lease up, and stabilization.

• General site plan showing building positioning on site, right-of-way ingress, egress, access points and circulation, location of nearest bus stop and transit routes.

• Demonstration that the land use designation and zoning district allow for the project being contemplated for development.

• Map showing other affordable housing projects in the area within a 5-mile radius.

• Renderings and photos of the proposed project.

It is understood that the proposed project has not yet been fully developed; we are seeking concise documents that provide the pertinent information. The proposal should provide sufficient information to enable the City to assess how well the project will meet the goals outlined in the City’s Consolidated Plan and as well as the community’s needs. Each Application shall be reviewed for feasibility and ability of the Applicant to proceed with construction of the Development

2.5. Project Timeline or Milestones

The developer will be required to have an agreement approved by the City Council within one year from award date. The developer must commence construction within six months of the agreement execution.

Both SHIP and HOME funds come with expenditure deadlines. The City will require the developer to adhere to these deadlines in order to secure the funding.

The proposal shall have realistic and achievable milestones. While it is recognized that delays are occur, the developer shall plan for contingencies and incorporate these into the application.

3. Evaluation Phase

No. Evaluation Criteria Scoring Method Weight (Points)

1. Organizational Capacity

a. Describe the anticipated team structure and staff.

b. Identify key project management and planning team members.

c. Describe the specific role/responsibility each would play in the project as well as the experience these individuals have in similar projects.

d. Describe your staff and team’s capacity to complete similarly sized projects in a timely and efficient manner, while providing high-quality workmanship and organization. Provide client references.

e. Provide resumes of key personnel of the team.

f. Identify current and previous development experience of the team regarding comparable developments in size, magnitude and use. This information should include project descriptions, photos, renderings, or plan copies (if available), dates completed, proposer’s role, financing sources, duration of the development process, and other key information.

Points Based 5 (5% of Total)

2. Environmental Review

An environmental review is the process of reviewing a project and its potential environmental impacts to determine whether it meets federal, state, and local environmental standards. The environmental review process is required for all HUD-assisted projects to ensure that the proposed project does not negatively impact the surrounding environment and that the property site itself will not have an adverse environmental or health effect on end users.

a. Identify if any potential environmental impacts exist that may delay the development of implementing the project.

Provide any Phase I or assessment documents.

Points Based 10 (10% of Total)

3. Project Description

a. Respondent should describe its approach to managing the planning, design approvals, financing, phasing, development, construction, and operation of other similar development projects.

b. Include preliminary development concepts for the site.

c. Describe sustainable construction practices that you will/do follow.

d. Describe your marketing plan.

e. Describe additional energy savings designs, systems, and/or equipment that will be incorporated into your project that are not included in the LEED Silver requirements.

f. If available, include existing renderings of model homes proposed to be used for the project.

g. Cost per unit breakdown.

h. Ratio of low-moderate units.

Points Based 15 (15% of Total)

4. Project Readiness/Program

Implementation Schedule

a. Provide an estimated project schedule that includes design phase, city approvals, financial closings, site work, construction, lease up schedule for rental units and absorption for for-sale units.

b. Identify any barriers to implementing the project and how these barriers will be overcome or eliminated.

Points Based 15 (15% of Total)

5. Financial Capacity – Leverage, Budget

a. Describe the financial capacity in place to undertake the development activities contemplated in this RFP. While a price proposal is not required at this stage, the respondent should provide evidence and supporting documentation of the development team’s financial condition and capability to finance the proposed development.

b. The City will be interested in financial resources used for similar past projects, financing sources, and capital stack of past projects, as well as experience developing affordable housing.

c. The Proposer must include a preliminary financing plan showing the budget for the proposed development.

d. The Proposer must include match and leverage identified for the proposed development.

Points Based 20 (20% of Total)

6. WMBE Participation

a. A maximum of twenty (20) rating points may be awarded when the Proposer is a City of Tampa Certified WMBE firm deemed underutilized within the industry category established by the RFQ.

b. A maximum of fifteen (15) rating points may be awarded when the Proposer is a City of Tampa certified SLBE with meaningful participation by City certified

WMBE/SLBE sub-subcontractors/consultants.

c. One to Fifteen (1-15) rating points may be awarded when the Proposer is not a City of Tampa certified WMBE/SLBE prime contractor but utilizes either

Underutilized WMBE and/or SLBE certified firm(s) as sub-contractors/consultants and assigned to perform meaningful segments of the contractual services detailed herein and documented on the enclosed MBD

Form 10-20.

d. A maximum of seven (7)

“discretionary” rating points may be awarded when the Proposer provides

WMBE/SLBE participation from an external agency recognized by the City.

Discretionary points may be awarded for ancillary participation (see definition). The point values for ancillary participation may be subordinate to weighted values outlined in categories a, b, and c above.

NOTE: *WMBE participation is narrowly tailored (per policy) to target the underutilization of affected groups in specific trade/industry categories. Any

WMBE/SLBE achievement that was not designated on MBD Form 70 is considered ancillary. Ancillary participation may be counted with overall participation and credited to your rating points when underutilization criteria are met.

Points Based 20 (20% of Total)

7. Community Engagement

a. Describe the process used for informing the community of your proposed design and obtaining community support for your proposed development.

b. Describe the process you will use to keep the community informed of progress through the development process.

c. Identify existing activities or participation with other agencies or organizations that operate in the area surrounding the site.

d. Describe how the proposal will create minority and Section 3 employment opportunities.

e. Describe how your proposal will continue community engagement during the post-construction phase of the development process.

Points Based 15 (15% of Total)

4. Vendor Questionnaire

1. Separate Cost Proposal*

Confirm that your fee proposal is not attached in your Proposal and is attached separately here.

*Response required

2. Application Affidavit and Proposal Signature Forms*

Please download the below documents, complete and have notarized. An online notarization option will be provided for you when responding.

• Applicant_Affidavit_and_Pro...

*Response required

3. Affidavit of Compliance*

Please download the below documents, complete and have notarized. An online notarization option will be provided for you when responding.

• Affidavit_of_Compliance.pdf

*Response required

4. Proposal Signature Form*