(Consultants or Proposers) to provide loan fulfillment and servicing services for the Affordable Accessory Dwelling Unit (ADU) Loan Program (Program). The OCHFT’s innovative Program generates a new accessory dwelling unit that provides an affordable unit to rent by offering a discounted capital loan and leasing support to Orange County homeowners. The Program offers a construction-to-permanent loan to homeowners who agree to rent their ADU for ten years to a very low-income tenant. The loans are up to $100,000, with variable low or no interest, partially forgivable, and deferred payments for up to 20 years. The Trust intends to outsource the fulfillment and servicing responsibilities of the Program to an experienced firm, aiming to achieve efficient, cost-contained, and legally compliant loan administration.
