HHA intends to select the Development Partner(s) to participate in development activities over the upcoming years for one or more multi-family public/affordable housing projects funded by various funding sources. The developments will be located in the City of Houston, Texas or in the ETJ. Subject to requisite HUD approvals, communities will be constructed, acquired or rehabilitated of sites proposed by the Offeror. HHA anticipates providing some investments to the proposed development(s) for either acquisition or construction on an as needed basis. The HHA funds may include a combination of Capital Funds, CDBG-DR, or other funds made available to HHA. The Scope of Services consists of the following, which is not intended to be all inclusive. Consequently, a further review of the project(s) with the Successful Offeror(s) may lead to alterations in the Scope of Services. At a minimum, the Development partner is expected to: 1. Demolish buildings and or housing communities as needed. Undertake pre-development activities. 2. Implement a process to execute the development or rehabilitation of various housing communities as needed. Develop a construction strategy and a development implementation schedule. Oversee the design, construction, and quality control of the development. 3. Refine and develop Site Plans; prepare a final Site Plan supported by a market study analysis; and obtain required zoning and development approvals from the City of Houston and other required jurisdictional entities. 4. Develop a project budget. Identify and quantify all development costs based on information provided by HHA, and an independent analysis by the Development Partner. All cost estimates will be the sole and exclusive responsibility of the selected Development Partner. 5. Develop a financing plan, development plan, and construction schedule as needed; determine the probability and extent of any gap funding and the total development cost; identify and justify the amount of HHA resources that may be needed for the proposed project; identify and secure other public and/or private funding sources to close any funding gap; assemble financing packages; prepare and submit a TDHCA LIHTC application; conduct all necessary negotiations with funding source providers; and provide all reasonable and necessary financial guaranties and assurances. Expand and update the budgets throughout the development process. 6. Obtain commitments from grantors, lenders and tax credit investors for financing the project. Commitments to be on forms and with parties reasonably acceptable to HHA.
