Morse Apartments lenders
The Brookline Housing Authority is seeking proposals from lenders to provide construction period and permanent financing for the redevelopment of Morse Apartments utilizing a 4% LIHTC and tax-exempt bond execution. A 100-unit public housing development, Morse will convert at closing to Section 8 Project-Based Vouchers (PBV) under HUD’s Rental Assistance Demonstration (RAD) and Section 18 programs. It is expected to close in Q2 2020. BHA is looking for firms experienced in tax exempt conduit transactions; experience with RAD conversions and working with a Public Housing Authority are also highly desirable.
The RFP will be available beginning October 2, 2019 on the BHA website at brooklinehousing.org/public-bids. Proposals must be received by Wednesday, October 30, 2019 no later than 4:00 PM EST. Proposals received after this deadline will not be accepted.
Please note: to receive notification of addenda postings, firms and individuals must be registered as solicitation holders for this project on the BHA website.
The BHA reserves the right to reject any proposals, to cancel this RFP and to waive informalities if it is in the public interest to do so. M/WBE & Section 3 certified firms are encouraged to apply.