Request for Proposals #19-003 – Rental Assistance Demonstration Developer(s) (Deadline: April 22, 2019 by 3:00pm)

Request for Proposals #19-003
Rental Assistance Demonstration Developer(s)
Under a Fair and Open Process in Accordance with N.J.S.A. 19:44A-20.4 et. seq.”

The Morristown Housing Authority (MHA or Housing Authority) is seeking proposals from qualified Developer Partners to participate in our Rental Assistance Demonstration (“RAD”) Program for its residential properties. The MHA has elected to participate in the RAD Program and has been issued Commitments to Housing Assistance Payments (CHAPs) for all 470 of its residential public housing sites including three (3) five story senior buildings at 31 Early Street, 39 Early Street and 29 Ann Street and its family site, Manahan Village (herein referred as “RAD Sites”). The Housing Authority wishes to have its RAD Sites renovated using bonds, tax-credits, FHA financing and/or other funding sources. The Housing Authority wishes to obtain comprehensive proposals that address conversion of all of its RAD sites. MHA reserves the right to select one respondent or make multiple awards based upon its needs and priorities. MHA also reserves the right to schedule, stage and stagger the RAD conversions in a manner that best meets the goals, needs and priorities of the Housing Authority.

We are seeking a developer(s) who can provide financial resources to assist with the development of these RAD Sites. MHA prefers to undergo a “comprehensive portfolio” RAD conversion, converting public housing to Section 8 project-based vouchers. The Developer Partner(s) will work with MHA staff, and its designee(s) through this process as it relates to financing strategies, RAD rules and regulations, completing the financing plan, pre-development and construction. To create the desired results will require comprehensive planning and leveraging resources and coordination of planning efforts for the selected sites. Through this process, MHA desires to create very strong communities that are both sustainable and diverse.

PROPOSALS MUST BE SUBMITTED BY:
Deadline Extended: April 22, 2019 – 3:00 PM
TO: MHAProcurement@morristownha.com

To view, download or print the full RPF file, please click here > RFP19-003RAD_Developer