#2026-605 – Housing Development and Financial Advisory Services

Housing Authority of the City of Hartford

180 John D. Wardlaw Way, Hartford, CT 06106

Addendum #01

To: All Prospective Proposers

From: Housing Authority of the City of Hartford

Date: July 30, 2026

Re: Addendum #01

CLARIFICATIONS & ADDITIONAL INFORMATION

1. Please identify the public housing developments, unit counts, and any non-public housing or Authority-owned properties that the Authority expects may be included in assignments under this contract during the initial term. For instance, the Mary Shepard development, what is the Authority's anticipated role for the consultant in supporting RAD transaction processing, including Financing Plan preparation/submission, RCC issuance, HAP Contract execution, closing coordination, and related milestone management?

RESPONSE:

The Authority anticipates several development initiatives during the initial contract term. These projects are at various stages of planning and implementation and include, but are not limited to:

1. Mary Shepard Place – Demolition of 127 public housing units approved for Section 18 disposition and construction of 159 affordable rental units.

2. Bellevue Street Apartments – Substantial rehabilitation of 10 affordable housing units approved for Section 18 disposition.

3. Authority-Owned Vacant land – Predevelopment activities for approximately 10 acres adjacent to 180 John D. Wardlaw Way, Hartford.

4. Dutch Point – Predevelopment activities for approximately 25-30 homeownership units on Authority-owned vacant land.

5. Charter Oak Terrace – Disposition of eight public housing units for sale as homeownership opportunities.

At this time, the Authority does not anticipate assigning work involving non-Authority-owned properties. The Authority currently has no active RAD transactions. For assigned projects, the consultant will provide development advisory and transaction management services as identified in the applicable task order through financial closing, where applicable.

2. For the Authority's public housing portfolio, please confirm the current status of any RAD portfolio applications, CHAPs, Section 18 applications, mixed-finance submissions, or other repositioning approvals already submitted to HUD.

RESPONSE:

The Authority currently has no pending RAD applications or CHAP awards. Two Section 18 disposition applications have been approved by HUD. There are no other pending HUD repositioning approvals at this time.

3. For RAD, Section 18, and other conversion activities, what responsibilities does the Authority expect to retain internally versus assign to the consultant, legal counsel, lenders, development partners, or other third-party professionals?

RESPONSE:

The Authority expects the selected consultant to serve as its principal development and financial advisor, providing strategic guidance, transaction management, financing coordination, and implementation support throughout assigned projects. Authority staff will retain overall project oversight, policy direction, procurement authority, and final approval of key project decisions, submissions, agreements, and financial commitments.

Legal counsel will provide legal advice, prepare and negotiate legal documents, and oversee legal closing matters. Lenders, investors, underwriters, bond counsel, and other financing participants will perform services customary to their respective roles. Where a development partner is engaged, the consultant will coordinate with the partner and its consultants to support project planning, financing, and transaction execution while representing the Authority's interests. The specific allocation of responsibilities may vary depending on the project delivery model and will be further defined through individual task orders.

4. For Scope Item 18, should respondents assume the consultant may prepare developer/financing partner solicitations, assist with evaluation, negotiate business terms, or conduct the procurement on behalf of the Authority?

RESPONSE:

The selected consultant may be requested to prepare, or assist in preparing, developer and financing partner solicitations for issuance by the Authority. The consultant will also provide technical guidance during proposal evaluations and assist the Authority with the negotiation of business terms, as appropriate. The Authority will retain responsibility for conducting procurements and making all final procurement decisions.

5. For physical needs assessments, CNAs, RAD e-Tools, market studies, appraisals, surveys, and similar third-party due diligence, please confirm whether the successful respondent is expected to perform these services directly, subcontract/procure them, or coordinate

Authority-procured providers. If respondent is performing or subcontracting for these services, please confirm whether the cost of performing third-party due diligence services will be paid separately by the Authority or included within the respondent's proposed hourly rates or task-order pricing.

RESPONSE:

Respondents should anticipate assisting the Authority in procuring and coordinating third-party consultants to perform required technical studies and due diligence services, including, as applicable, physical needs assessments, market studies, appraisals, surveys, environmental reports, and other specialized analyses. Unless otherwise authorized by the Authority through a specific task order, these services will be procured directly by the Authority and will not be included within the respondent's proposed hourly rates.

6. For environmental review and related due diligence, what party will be responsible for Phase I/II environmental site assessments, Part 58 or Part 50 coordination, historic preservation, floodplain/floodway, noise, contamination, and other environmental compliance documentation?

RESPONSE:

The Authority anticipates procuring qualified environmental consultants to perform specialized environmental investigations and technical studies, including, as applicable, Phase I and Phase II Environmental Site Assessments, Part 58 or Part 50 environmental review reports, and other required due diligence services. The selected consultant may be expected to coordinate these activities, integrate environmental findings into project planning and financing activities, monitor schedules and deliverables, and assist the Authority in satisfying applicable HUD and funding agency environmental review requirements.

7. For funding and financing applications, does the Authority expect the consultant to prepare and submit applications directly for sources such as LIHTC, HTCC, DOH Flex Funds, FHLB AHP, CDBG, CFFP, AHP, NMTC, renewable energy credits, or historic tax credits, or to support a development partner or financing team in preparing them?

RESPONSE:

For projects undertaken in partnership with a co-developer, the selected consultant will support the financing efforts of both the Authority and the development partner, as appropriate. For Authority-led developments, the consultant will be responsible for preparing and coordinating financing applications with the support of Authority staff. Responsibilities may include preparation of applications, coordination with financing partners and funding agencies, and management of submission schedules, as assigned under individual task orders.

8. Given the Authority's bond issuer role and outstanding CFFP bond issue, what type of bond-related advisory assistance is anticipated under this contract?

RESPONSE:

Financial advisory services may include debt structuring, capital stack analysis, bond issuance planning, and coordination with bond counsel, underwriters, trustees, developers, and other financing participants to ensure efficient transaction execution. Services may also include financial feasibility analysis, regulatory and tax-exempt bond compliance, post-issuance monitoring, debt portfolio management, and other bond-related advisory services as requested by the Authority.

9. For Authority-owned non-residential or vacant properties referenced in the RFP, has the Authority completed any feasibility assessments, site due diligence, conceptual plans, zoning analyses, market studies, or development objectives that respondents should consider?

RESPONSE:

There are no due diligence documents that respondents should rely upon in preparing their proposals.

Project-specific information, if available, will be provided to the selected consultant as appropriate through individual task orders.

10. Does the Authority anticipate making one award, multiple awards by specialty area, or multiple awards with assignments issued by task order or rotation?

RESPONSE:

The Authority reserves the right to make one or multiple contract awards. Should multiple awards be made, assignments will be issued through individual task orders based on project requirements, consultant qualifications, expertise, and the Authority’s needs.

11. The Scope of Services references a variety of financing sources and programs. Which financing programs or funding sources does the Authority anticipate pursuing most frequently during the contract term (e.g., 4% LIHTC, 9% LIHTC, CFFP, FHLB, DOH , bonds, HOME, CDBG)?

RESPONSE:

The Authority anticipates utilizing all appropriate federal, state, local, and private financing resources to support its development initiatives. Most projects are expected to include a combination of financing programs administered through CHFA, the Connecticut Department of Housing (DOH), the Connecticut Department of Economic and Community Development (DECD), and other funding sources, as appropriate for each project.

12. Are there particular Connecticut state or local funding programs, financing partners, or regulatory considerations that the Authority considers especially important for respondents to demonstrate familiarity within their proposals?

RESPONSE:

Respondents should demonstrate experience working with Connecticut state funding agencies and their financing programs, together with a thorough understanding of HUD regulations governing the repositioning, disposition, redevelopment, financing, and long-term compliance requirements applicable to public housing authority assets.

13. Does the Authority anticipate serving as the developer on future projects, partnering with co-developers, or utilizing its nonprofit instrumentalities to undertake development activities?

RESPONSE:

Whether the Authority serves as the sole developer or partners with a co-developer will depend on the scope, complexity, financing strategy, and capital requirements of each project. In either case, the Authority anticipates utilizing its nonprofit instrumentality, the Connecticut Housing and Development Corporation, to pursue financing opportunities and undertake development activities in support of the Authority's redevelopment objectives.

14. The RFP notes that advisory services may be required in connection with the Authority's role as a bond issuer. Can the Authority provide additional information regarding the anticipated bond issuer activities during the contract term and the types of advisory services expected?

RESPONSE:

The Authority may serve as issuer of tax-exempt bonds for affordable housing projects undertaken by the Authority or in partnership with development entities. Advisory services may include debt structuring, capital stack optimization, bond issuance planning, coordination with bond counsel, underwriters, trustees, developers, and other financing participants to ensure efficient transaction execution. Services may also include financial feasibility analysis, regulatory and tax-exempt bond compliance, post-issuance monitoring, debt portfolio management, and other financial advisory services necessary to support successful bond-financed transactions.

15. The Scope of Services includes both advisory and implementation activities, including preparation of financing applications and HUD submissions. Should respondents assume the Authority anticipates engaging the selected consultant through transaction closing when assigned?

RESPONSE:

Yes. Respondents should assume that, for assigned projects, the selected consultant will provide both advisory and implementation services through financial closing, unless otherwise specified in the applicable task order. Services may include transaction management, preparation and coordination of financing applications and HUD submissions, due diligence coordination, financing and closing support, and other activities necessary to facilitate successful project implementation.

END OF ADDENDUM 01

Addendum #01