Authorized Delegate for CT's LIHTC Portfolio and other CHFA Properties

The Connecticut Housing Finance Authority (CHFA) has issued a Request for Proposals (RFP) seeking a qualified firm to serve as an Authorized Delegate for compliance monitoring of its Low-Income Housing Tax Credit (LIHTC) portfolio and other CHFA properties with restrictive covenants. The selected vendor will be responsible for performing comprehensive compliance monitoring functions as specified in Section 42 of the Internal Revenue Code and Section 1.42-5 of Title 26 of the Code of Federal Regulations. The scope of work involves conducting detailed monitoring and compliance assessments for LIHTC portfolio units and non-LIHTC CHFA properties, ensuring adherence to regulatory requirements and maintaining appropriate documentation. Potential respondents must submit their electronic proposals by December 15, 2021, at 12:00 PM EST, with a structured vendor Q&A period running from November 29, 2021, to December 8, 2021. Proposals will be evaluated based on the firm's ability to effectively perform the required compliance monitoring functions, with an emphasis on understanding the complex regulatory landscape of low-income housing tax credit programs.

The RFP is open to all vendors and does not specify any specific set-aside designations or restrictions on respondent types. CHFA identifies itself as an Affirmative Action/Equal Opportunity Employer, indicating a commitment to diverse vendor participation. No incumbent vendor information is provided, and the solicitation does not disclose an estimated contract value or budget range. The delivery terms are specified as Free On Board Destination, with payment terms to be defined by the vendor. Interested firms are instructed to refer to the complete Request for Proposals on CHFA's website (www.chfa.org) for additional details. The contract will be administered from CHFA's location in Rocky Hill, Connecticut, with Shelly Mondo listed as the primary contact for questions related to the solicitation.