On-Call Market Study and Appraisal Services for HUD Restricted Properties

The Seattle Housing Authority (SHA) is conducting an informal solicitation (#6045) for On-Call Market Study and Appraisal Services for HUD Restricted Properties within Seattle city limits. The procurement seeks qualified professional firms or individuals to provide specialized appraisal and market study services that meet low-income housing tax credit allocation requirements. Consultants must hold active MAI (Member of the Appraisal Institute) or SRPA (Senior Real Estate Appraiser) certification and be listed on the Washington State Housing Finance Commission roster. All appraisals must comply with the Uniform Standards of Professional Appraisal Practice (USPAP). The solicitation allows firms to apply for market studies and appraisals independently, though combined services may be preferred. The proposal submission deadline is February 17, 2025, at 5:00 PM, with the contract period running from March 1, 2025, through December 31, 2027. Deliverables will include comprehensive market studies and appraisals for multiple housing sites, with work to be assigned through individual work orders.

The SHA has established a 14% aspirational goal for Women and Minority Business Enterprise (WMBE) participation and actively encourages responses from minority-owned, women-owned, socially and economically disadvantaged businesses, HUD Section 3 businesses, small businesses, and veteran-owned businesses. The contract includes specific insurance requirements, including $1 million per occurrence commercial general liability, $5 million per claim professional liability, and workers' compensation coverage. Payment will be processed through SHA's Bank of America epayables program for contracts over $1 million, subject to potential waivers. The estimated range for individual work orders is between $20,000 and $150,000, with a total contract value not to exceed $250,000. Firms will be selected based on their qualifications, expertise in HUD restricted property appraisals, and ability to meet the specialized requirements of low-income housing tax credit market studies.