Underwriting & Monitoring Services

Pinellas County, Florida is conducting a Request for Proposal (RFP) numbered 24-0726-REQ to establish a prequalified list of vendors for Credit Underwriting and Property Monitoring services targeting multi-family affordable housing developments. The procurement seeks vendors capable of providing comprehensive services including credit underwriting of funding applications and annual monitoring of affordable housing developments. Vendors must demonstrate a minimum of three years' experience with federal and state housing programs and underwriting analysis, with services encompassing developer financial capability assessments, total development cost analysis, construction timeline reviews, pro-forma assessments, and credit analysis. The evaluation will be based on five criteria with a total possible score of 1,000 points, considering qualifications, approach, statement of work, compensation, and RFP compliance. The contract term is 36 months with potential for one additional 24-month extension, and proposals are due on June 18, 2024, at 3:00 pm, with services covering federal funding sources including Community Development Block Grant (CDBG), Home Investments Partnerships Program (HOME), Housing Trust Fund (HTF), and State Housing Initiatives Partnership Program (SHIP).

The RFP does not explicitly outline specific set-aside designations or restrictions for disadvantaged enterprises. The solicitation will support physical inspections of assisted units, including interior spaces, buildings, and grounds, as part of the monitoring services. While specific budget ranges are not detailed, the pricing proposal includes line items for credit underwriting (10 per project) and annual monitoring (10 per development). The county anticipates potentially issuing multiple awards based on vendor qualifications and experience. The procurement approach suggests a competitive selection process, with vendors being evaluated on their ability to provide comprehensive underwriting and monitoring services for affordable housing developments. The Non-Competitive Oversight Committee Justification Form indicates an internal review process, with approval spaces for key personnel including Merry Celeste, Don Crowell, Chris Rose, and a representative from the Department ACA, suggesting a thorough vetting process for potential contractors.