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Development Partner for New Multi-Family Construction
10/11/2024
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Broomfield, CO
Broomfield Housing Alliance
The buyer is seeking a development partner for a 55-65 unit affordable multi-family housing project in Broomfield, CO. The project will serve households earning up to 60% of the area median income. The buyer intends to serve as co-developer and is preparing to apply for 9% Low-Income Housing Tax Credits in February 2025. The selected partner will provide development, financial, and technical services throughout the project lifecycle.
- 10/4/2024 - Questions and Clarifications Due
- 10/7/2024 - RFP Answers Published
- 10/11/2024 - Proposal Due Date
- 10/15/2024 - Respondents Notified of Shortlist
- 10/17/2024 - Interviews Conducted
- 10/21/2024 - Respondents Notified of Award
Refer to RFP
- Develop project budget and financing plan
- Secure land use approvals and building permits
- Prepare and submit LIHTC CHFA application
- Obtain equity investment and provide financial guarantees
- Oversee construction activities and contractor management
- Assist with post-construction applications and tax credit submittals
- Determine optimal equity and ownership structure
- Identify and contract with property management firm
- Oversee successful lease-up of units
- Ensure compliance with federal, state and local affordable housing laws
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