RFP Market Studies for Affordable Housing

The Michigan State Housing Development Authority has issued a Request for Proposals seeking qualified organizations to conduct market studies for affordable housing projects across Grand Traverse County and multiple jurisdictions in Lansing City. This procurement solicits market analysis services for projects funded through the Direct Lending, Low Income Housing Tax Credit, Modified Pass-Through, and preservation programs, as well as Rent Reasonableness Tests. Deliverables include objective market analyses, site visits, market studies conforming to Authority guidelines, impact assessments on existing portfolio projects, results communication to developers and the Authority, and quarterly remote meetings. Bidders must demonstrate a minimum of 20 years of relevant experience, maintain general liability insurance of $1,000,000 and errors and omissions insurance of $1,000,000, and comply with all Michigan and federal laws. Proposals will be evaluated on a 100-point scale across four criteria: experience and education (20 points), clarity and completeness (20 points), quality of previous work and samples (50 points), and capacity to perform services (10 points), with a minimum score of 80 points required for contract eligibility. The RFP was posted on March 9, 2026, with written questions due by March 16, 2026, at 4 p.m. Eastern Time, answers posted by March 18, 2026, and proposals due March 30, 2026, at 4 p.m. Eastern Time. Selected contractors are anticipated to be notified on or about April 15, 2026, with a contract begin date of June 1, 2026, and an initial one-year term with one optional annual renewal at the Authority's discretion.

Women-owned, minority-owned, and small businesses authorized to conduct business in Michigan are encouraged to apply, with Michigan law providing preference to Michigan-based businesses and qualified service-disabled veteran-owned businesses. Sole proprietorships are not eligible; all bidders must be Michigan entities or foreign entities authorized to conduct business in Michigan. The anticipated fee structure includes $8,000 for full market studies, $3,850 for reduced-scope market studies, and $2,000 for market study update letters, with expedited studies subject to additional fees. Bidders must assume the risk that expenses may exceed payment amounts and must provide line-item budgets detailing proposed fees for these services. No incumbent vendors or existing infrastructure integration requirements are identified in the procurement documents. Site visits are required as necessary to conduct objective analysis, and no bidders' conference is being held.