Request for Proposals RFP #14-01 Pre-Proposal Conference Harris County Housing Authority Sept. 5, :00 AM

RFP # Multi-Family Rental Housing Private Activity Bonds & 4% LIHTC – projects that did not get funded last LIHTC round but are ready to go (shovel ready) Existing 9% LIHTC projects requiring rehab – purchase of the General partnership Interest

RFP # August 21 & 31, 2014 – Advertise September 5, 2014 – Pre-Proposal Conference September 9, 2014 – Written Questions September 12, 2014 – Response to Questions September 23, 2014 – Proposals due September 30, 2014 – Complete Developer Selection

RFP # October 8, MOU executed October 15, 2014 – HCHA Board approval October 30, 2014 – GP Interest Purchase/Development Agreement

RFP # Texas General Land Office Rental Activity- Affordable Rental Housing 51% of units Occupied by LMI persons Income and rent restrictions apply for units assisted with CDBG funds LMI Objective – to assist individuals whose total annual gross income does not exceed 80% AMI, adjusted for family size

RFP # Very low – 30% AMI Low – 31% - 50% AMI Moderate – 51% - 80% High Opportunity Areas – Census block with less than 65% minority concentration – Census block with less than 35% poverty concentration

RFP # FEMA Calculation Data by Income – Very Low – 35% of the units – Low – 22% of the units – Moderate – 11% of the units – Non-LMI – 32% of the units Cannot over serve a higher income from a lower income category

RFP # Compliance in accordance with the TDHCA’s CDBG Disaster Recovery Program Rents must comply with High HOME rents and other LURA restrictions as applicable HOME rents – equal to lesser of FMR or 30% of the adjusted income for people earning 65% AMFI Home rents – see TDHCA website

RFP # CDBG Funding – 0% performance based loan, forgiven as obligations are met 10 year affordability period LURA must be in place Project must be located in Harris County outside of the City Limits of Houston