Accounting Services for Development Work

The Minneapolis Public Housing Authority is seeking a qualified firm to provide comprehensive accounting, tax, and audit services for Rental Assistance Demonstration (RAD) transactions and Low Income Housing Tax Credit (LIHTC)/Section 42 properties, with services to be performed on an as-needed basis from June 1, 2026, through May 31, 2027, with potential for four additional one-year extensions through May 31, 2031, contingent upon mutual agreement. The contract, solicited under P26004, has an estimated value ranging between $500 and $750,000, structured as an Indefinite Quantity Contract with a Guaranteed Contract Minimum Amount and a Not-to-Exceed Maximum Contract Amount. Proposers must demonstrate extensive experience in accounting for RAD and LIHTC transactions using tax-exempt bond financing and LIHTC equity, with evaluation weighted heavily toward relevant expertise (30 points), project team structure (20 points), staff qualifications (20 points), proposed costs (15 points), and proposal quality (15 points), requiring a minimum score of 70 out of 110 to enter the competitive range. Proposals must be submitted electronically via the Housing Agency Marketplace by June 11, 2026, at 2:00 PM CST, and must include required certifications such as Section 3 Business Self Certification, W/MBE and Section 3 Subcontractor participation forms, and a Profile of Firm Form documenting ownership diversity, business history, tax identifiers, and insurance verification. Mandatory insurance coverage includes Professional Liability insurance of $1,000,000 per occurrence and $1,000,000 annual aggregate, Commercial Automobile Liability insurance of $1,000,000 combined single limit, and Workers’ Compensation with $500,000 per incident coverage, with MPHA named as an additional insured. The contractor is prohibited from assigning any interest in the contract except for claims for monies due, and subcontracting requires prior written approval from MPHA. Performance obligations include financial modeling for LIHTC delivery and IRR calculations, preparation of tax credit certifications, audit reporting, quarterly Section 3 compliance submissions, advisory services to MPHA and General Partner entities, and staff training on RAD and financing compliance. Services must adhere to deadlines set by financing agreements, and all deliverables are subject to review and correction by