Affordable Housing Development Financing Services

RFP Issue Date: April 21st, 2026

Questions Due Date: May 5th, 2026

Submission Due Date: May 22nd, 2026

Interviews: Week of June 1st, 2026

Recommendation / Notification of Award: Week of June 8th, 2026

The government authority in Capitola, California is seeking a vendor to provide comprehensive affordable housing development financing services. Responsibilities include reviewing and preparing development budgets and proformas, as well as preparing financial projections and plans such as sources and uses of funds, cash flow analyses, tax credit analyses (including competitiveness evaluations, IRR estimations, 4% vs 9% evaluations, and pricing), tax–exempt bond analyses, rental income assumptions, operating expense assumptions, and various financial feasibility metrics.

The selected vendor will provide technical assistance related to financial feasibility, participate in discussions with lenders, investors, government agencies, or other development team members, and prepare and review applications for tax credits or alternative financing sources. Additional support is required for carryover applications, various tax credit and bond tests, bond closing and certification, subsidy layering reviews, and preparation of loan and investment closing documents. The vendor will optimize loan sizing, equity raises, deal terms, interest rates, and equity pay–ins, as well as identify, evaluate, and negotiate terms with investors or lenders. Negotiation for favorable loan terms and assistance with construction loan closing, syndication of tax credits, permanent loan conversion, and equity pay–ins are also expected.

Analysis of financing and funding markets as well as economic conditions to advise on the timing of applications and transactions is included in the scope. The contract period is one year, and all questions must be submitted no later than May 5, 2026.