I. SUMMARY AND OBJECTIVE In accordance with 24 CFR Part 983, public housing authorities that administer a tenant-based voucher program may attach a portion of its vouchers to specific units in furtherance of the authority's goals related to deconcentrating poverty and expanding housing and economic opportunities. The vouchers used for such purpose are referred to as Project-Based Vouchers (PBV's). The Housing Authority of the City of Bloomington ("Housing Authority") is soliciting proposals for the commitment of up to 18 of its vouchers for a new-construction multi-family development of at least 50 units to be located in the City of Bloomington. The purpose of providing the vouchers is to help make possible the construction of new mixed-income housing units that will be affordable to families earning 60% of the area median income or less, and for a portion (up to one-third) of those units to be affordable to families with extremely low incomes (30% of area median income). The Housing Authority will evaluate proposals and make a selection as part of a competitive process described in this Request for Proposals (RFP), which is based on Chapter 17 of the Housing Authority's Administrative Plan for the Housing Choice Voucher Program. Proposals will be reviewed and evaluated in anticipation of selection of a proposal by February 28, 2024. In order for the proposal to be considered, the owner must submit the proposal to the Housing Authority by the published deadline date, and the proposal must respond to all requirements as outlined in the RFP. Incomplete proposals will not be reviewed. All communications regarding this RFP should be made in writing to Jeremy Hayes, Executive Director,: (1) via e-mail at jeremyh@bloomingtonha.com; or (2) at the Housing Authority administrative office, 104 E. Wood Street, Bloomington, IL 61701. II. PROPOSAL REQUIREMENTS The proposal must meet the following requirements: A. The applicant must complete and sign the application form attached to this proposal. B. The units proposed to be constructed must be located within the City of Bloomington. C. The applicant must have current site control.
D. The proposal must include a site plan and preliminary architectural drawings sufficient to establish the character and feasibility of the proposed development. E. The proposal must include the proposed number and mix of units in terms of the number of bedrooms and bathrooms, and identify which of the proposed units are to have project-based vouchers attached. The Housing Authority has identified a specific need for non-elderly units of varying unit sizes. F. The proposal must include a project budget identifying sources and uses of all financing needed to initiate and construct the development; a projection of operating income and expenses; cash flow projections; and detailed information regarding the feasibility of financing (including evaluation of feasibility of being awarded Low Income Housing Tax Credits and a projection of equity to be generated). This RFP anticipates developments that will be funded by issuance of LIHTC's awarded by IHDA in 2024. G. The applicant and units must meet requirements of the Housing Choice Voucher regulations and the Authority's approved Administration Plan; H. Any application submitted with HUD and/or other governmental financing, must have a subsidy layering review completed; I. Should an applicant wish to have Project-Based Vouchers for more than the 25-unit or 25% of units per project cap, evidence must be provided that it meets the established in HUD Notice PIH 2017-21 (HA). J. The length of the term of the Annual Contributions Contract under the PBA program shall be for a minimum of one year up to a maximum of ten years, depending on the availability of funding; The Authority reserves the right to renew this contract at its discretion. The Housing Authority reserves the right to issue several RPFs, and if it so desires, for specific types of housing, with the total number of units capped by federal regulation.
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