Third Party Compliance

Foothills Regional Housing (FRH), operating within Jefferson County, Colorado, is conducting a Request for Qualifications (RFQ) for third-party compliance companies to provide affordable housing file review services. The procurement (RFQ 2025 5.06-008) seeks a contractor to review initial move-in files, annual and interim recertifications, and ensure compliance across multiple housing programs including Low-Income Housing Tax Credit (LIHTC), HOME Investment Partnerships Program, and Housing Trust Fund. Key deliverables include comprehensive file reviews that validate adherence to programmatic requirements, with the potential contract period extending up to five years. Proposal submissions are due by June 6th, 2025, with questions from potential bidders accepted until May 18th, 2025. The evaluation process will be conducted on a "Best Value" basis, considering proposed fees, relevant experience, and proposed review processes, with an independent panel rating initial proposals. Successful proposers must demonstrate relevant expertise in housing compliance, provide proof of insurance ($1 million per occurrence, $2 million aggregate), maintain appropriate professional licenses, and participate in the E-Verify Program.

The RFQ does not explicitly specify set-aside designations for disadvantaged businesses or minority-owned enterprises. FRH reserves the right to select multiple contractors and is not obligated to assign all file review work to a single vendor. While specific budget allocations are not publicly disclosed, contracts exceeding $200,000 will require Board of Commissioners approval, suggesting a potential substantial contract value. The final selection will be made by the Authority's CEO or Board of Commissioners following potential price negotiations and comprehensive due diligence. No incumbent vendors are mentioned in the documentation, and there are no specific references to required technology integrations. The procurement appears open to qualified third-party compliance firms with demonstrated experience in affordable housing program reviews, with the ultimate selection based on a comprehensive assessment of the proposer's qualifications, methodology, and proposed fee structure.