Summary of Specifications:
Summary: The Housing Authority of the County of Boulder, Colorado (“BCHA”) invites responses from qualified banks, syndicators, lenders, placement agents, equity funds and/or other financial institutions interested in and capable of successfully providing: Private Activity Bond Purchaser: 1.A tax-exempt, private activity bond construction financing in the approximate amount of $49 million. Initially, the requested lending facility will be a variable or fixed rate construction/tax credit bridge facility that will then convert to a fixed rate permanent (16-year term) facility reduced to approximately $22 million. The proposed bonds will be issued by Boulder County as a conduit issuer on behalf of a Low Income Housing Tax Credit (LIHTC) partnership to be created (the “Partnership”), and/or Equity Investor(s): 1.4% Federal LIHTC equity investment in the approximate amount of $23 million; 2.Colorado State LIHTC equity investment in the approximate amount of $7 million; and Energy Investment Tax Credit (ITC) equity for geothermal systems in the approximate amount of $490,000. Submittal Instructions to Lender/Equity Investor Proposers Questions regarding this RFP should be submitted by email to purchasing@bouldercounty.org on or before 2:00 p.m. MDT, Monday, August 24, 2015. A response from the County to all inquiries shall be posted and sent via email no later than Wednesday, August 26, 2015. All questions received and responses to these questions will also be posted at http://clients.sbclarkinc.com/kestrel-rfp/. No formal bid opening will occur. Respondents will be contacted if there are any questions with respect to their submission. Responses are due in the Purchasing Office or their designated email box for time and date recording and verification on or before 2:00 p.m. MDT, Tuesday, September 8, 2015. Questions and RFP responses must be submitted electronically to purchasing@bouldercounty.org and identified as RFP #6309-15 in the subject line. The listed email box, as all county mailboxes, is limited to receiving incoming email documents from outside sources no larger than 25MB. If your document exceeds this limit, it may not be received. Bidders are encouraged to request an electronic “Read Receipt” upon submitting your response.
