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Financial Structuring and LIHTC Financing Advisory

Active
State & Local

Contract Overview

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

General Info

Agency

California → City of MonroviaView Agency

NAICS

523930 - Investment AdviceView NAICS

Place of Performance

Monrovia, CA, 91016, USA

Set-Aside

NONE

Documents

This scope was carved out of 20260717047.

The full solicitation package (7 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Multi-Family Residential Development At 222 E. Cypress Avenue

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Organization & Contact Information

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AgencyCalifornia → City of Monrovia
ContactsNo contacts available
OfficeN/A
Organization / Agency
California → City of Monrovia
View Agency Profile
Office AddressN/A
ContactsNo contact information available

Full Description

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Advisory services for securing LIHTC, AHSC funding, and developing a credible financial pro forma with committed financing sources.

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Same NAICS industry code

NAICS: 523930
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More opportunities from California → City of Monrovia

Same awarding agency

NAICS: 236116
SLED
Multi-Family Residential Development At 222 E. Cypress Avenue
Solicitation # 20260717047
The City of Monrovia is seeking a qualified development partner to redevelop a 0.75-acre city-owned infill site at 222 E. Cypress Avenue into a mixed-income housing project consisting of approximately 14 units, with a strong emphasis on preserving and integrating a historic Victorian-era residence built around 1892. The selected developer will be responsible for managing all phases of the project, including site planning, design, environmental review under CEQA, entitlements aligned with the draft Planned Development PD-30 standards, financing through tools like Low-Income Housing Tax Credits and the Affordable Housing Program, construction, and long-term property management. Development must comply with California’s Surplus Land Act and adhere to the Secretary of the Interior’s Standards for Rehabilitation, requiring that the historic structure be retained in place, repaired rather than replaced where possible, and remain visually prominent from public rights-of-way. A detailed Historic Preservation Plan, prepared by a qualified professional, must include measured drawings, photographic documentation, and a materials schedule, and must receive approval from the City’s Historic Preservation Commission before work begins. The project also mandates the protection of mature on-site trees through a certified Arborist report and Tree Protection Plan. Proposals must demonstrate proven experience in multi-family development on publicly owned land, financial capacity to secure and manage LIHTC and AHSC funding, and the ability to deliver a high-quality, community-sensitive design that respects the historic context. The submission must include audited financial statements, letters of financial support, detailed pro formas, résumés of key personnel, references from comparable projects, a comprehensive project timeline covering predevelopment through stabilization, and, if proposing rentals, a property management plan with resident services. Proposals are evaluated through a best-value trade-off process focusing on development experience (30%), financial feasibility (30%), and project concept and design quality, with weight given to innovation, integration of the historic building, and architectural merit. The solicitation is not subject to FAR clauses, nor does it require federal entity identifiers or socioeconomic certifications; it is a municipal RFP governed by California state laws, prevailing wage requirements, and local ordinances. All submissions must be uploaded electronically via the PlanetBids portal by September 3, 2026, and any addenda will be posted exclusively on that platform. The City retains the right to reject all proposals, negotiate terms, or modify scope during evaluation, ensuring flexibility in achieving the community’s affordable housing and historic preservation goals.
New Multifamily Housing Construction (except For-Sale Builders)

POSTED

22 days ago

DEADLINE

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