San Diego Housing Commission Planet bids #HDP-27-10-04

Financial advisory and tax-credit syndication services for affordable senior housing

The San Diego Housing Commission and HDP University Senior L.P. are seeking a financial advisory consultant for a proposed affordable senior housing project in San Diego. - Buyer and project: San Diego Housing Commission, through its Procurement & Compliance department; project sponsor/client is HDP University Senior L.P., a partnership of affiliates of Housing Development Partners (HDP) and Wakeland Housing and Development Corporation. The project is an approximately 99-unit development at 5202 University Avenue. - Requested services: Financial feasibility and budget/pro forma review; financing strategy and capital-stack development; analysis of 9% versus 4% Low-Income Housing Tax Credit (LIHTC) options and TCAC/CDLAC requirements; funding-source and application support; lender and investor projections, negotiations, and commitments; and support through construction financing, tax-credit syndication, permanent-loan conversion, and TCAC Form 8609 submission. - Base milestones: Preliminary and final feasibility, TCAC application submission, lender commitment or term sheet, investor letter of intent, construction loan closing, syndication closing, and permanent loan closing. Proposers must provide not-to-exceed milestone fees and hourly rates. - Optional scope: Separately priced tax-exempt bond support, state financing program applications, and other additional services; these require separate written authorization. - Important limitations: The consultant is advisory only and cannot commit the partnership to financing or investment terms without written authorization. Legal and tax opinions and other separately licensed services are excluded unless provided by appropriately qualified professionals. - OEMs and products: No OEMs, hardware, or product line items are identified; this is a professional-services procurement. Housing Development Partners and Wakeland Housing and Development Corporation are named project-affiliate organizations, not identified service providers.

Description

The solicitation requests proposals from qualified firms to provide affordable housing financial advisory and tax credit syndication services for a planned affordable senior housing development at 5202 University Avenue in San Diego. The project is being advanced by HDP University Senior L.P. and may use public and private financing, including tax-exempt bonds, Low-Income Housing Tax Credits, and conventional or agency financing. The listed work milestones include financial feasibility, TCAC application submission, lender and investor commitments, construction loan closing, syndication closing, and permanent loan closing; optional services include tax-exempt bond financing support and state financing program applications. Proposals must be submitted electronically through PlanetBids by November 4, 2026.

View original listing