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Affordable Housing Development Consulting & Financial Modeling

Active

State & Local

Response Deadline11/21/2026, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

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The Community Development Department of the City of Menlo Park is seeking a subcontractor for affordable housing development consulting and financial modeling. The selected provider will perform financial underwriting and application support for developers seeking Below Market Rate funds, which includes creating detailed 30-year cash flow analyses and developing comprehensive project budgets. Additionally, the consultant will be responsible for identifying competitive funding sources to address financing gaps. Qualified candidates must possess specialized expertise in affordable housing finance and deed restrictions. The primary deliverables for this engagement are the project budgets and the 30-year cash flow analyses. Interested parties should note that the response deadline for this opportunity is November 21, 2026.

General Info

Agency

California → Community Development Department of City of Menlo Park

NAICS

541611 - Administrative Management and General Management Consulting Services

Place of Performance

CA, USA

Set-Aside

NONE

Documents

This scope was carved out of 2026-100926-101526.

The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

RFP- 2026/27 Notice of funding availability for Below Market Rate Housing Funds

AI Contract Breakdown

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Timeline

PostedOct 15

subcontract

Response DeadlineNov 21

Submission deadline

Response Deadline

11/21/2026, 12:00:00 AM UTCin about 1 month

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Organization & Contact Information

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AgencyCalifornia → Community Development Department of City of Menlo Park

ContactsNo contacts available

OfficeN/A

Organization / AgencyCalifornia → Community Development Department of City of Menlo Park

Office AddressN/A

ContactsNo contact information available

Full Description

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Performs financial underwriting and application support for developers securing BMR funds from the City of Menlo Park. Creates 30-year cash flow analyses, develops project budgets, and identifies competitive funding sources to fill financing gaps. Requires expertise in affordable housing finance and deed restrictions. Delivers 30-year cash flow analysis and project budget.

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Solicitation # 2026-100926-101526

The City of Menlo Park, through its Community Development Department, has issued a Notice of Funding Availability (NOFA) providing approximately $4 million in Below Market Rate (BMR) housing funds. These funds are intended to bridge the financing gap for the production and preservation of permanent affordable housing, including new construction, acquisition, and direct housing production such as first-time homebuyer or accessory dwelling unit loan programs. Eligible projects must target extremely low, very low, and low-income households and must maintain affordability through deed restrictions for at least 55 years. Emergency shelters and transitional housing are explicitly ineligible. Proposals will be evaluated by the City Council based on the City's General Plan and Housing Element goals. Priority is given to applications submitted by the deadline and projects projecting completion within three years. Additional desirability is granted to projects focusing on extremely low-income units, special needs populations, or the preservation of existing housing. Applicants must be nonprofit or for-profit developers with a proven track record, including at least two years of ownership of two affordable, deed-restricted projects in the nine-county Bay Area with at least 10 units each. Submission requirements include an online application via the vendor portal by 5 p.m. on November 20, 2026. Required documentation consists of a cover letter, resumes for key staff and property managers, site control documentation, a detailed project schedule, a community outreach plan, and a 30-year cash flow analysis. Applicants must also provide certifications regarding their financial and regulatory history, including a lack of mortgage defaults or unresolved audit findings over the past 10 years. Projects must comply with various environmental and water acts, including CEQA and the Safe Drinking Water Act, and are encouraged to incorporate green building practices and a local hire program for Menlo Park residents.

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