Request for Proposals for Financial Underwriting of Affordable Housing Development Funding Applications

The San Mateo County Department of Housing (DOH) is seeking qualified consultants under solicitation 2027-RFP-00182 to provide financial underwriting, compliance monitoring, training, and project management support. The primary objective is to supplement staff reviews of affordable housing development projects funded through local, state, and federal programs, including the Community Development Block Grant, HOME Investment Partnership, and the Affordable Housing Fund. Key deliverables include a process evaluation of the DOH Notice of Funding Availability (NOFA) process and the due diligence underwriting of approximately 10 to 15 new construction or rehabilitation projects during the summers of 2027 and 2028. The contract has an initial term of two years, with a single option for the County to extend for an additional two years. Award selection is based on the best overall value, evaluating project approach, firm and team qualifications, and price, with additional preferential points awarded to local, small, or micro businesses and non-profits. Minimum qualifications require the proposer to have provided similar services for at least four of the last seven years and an account manager with at least two years of experience within the last five years. The agreement incorporates strict compliance standards, including HIPAA regulations for data security, the Americans with Disabilities Act, and California Labor Code prevailing wage requirements.