Borough of Highland Park Housing Authority 242 South 6th Avenue Highland Park, NJ 08904 Phone: (732) 572-4420 Fax: (732) 985-6485 Donna Brightman, Executive Director Request for Proposals For: RAD Finance Consulting Services May 2015 Sealed Proposals due no later than 2:00 PM on May 19, 2015 Welcome to the Highland Park Housing Authority In 1937 Congress passed the US Housing Act to “alleviate unemployment and to remedy unsafe and unsanitary housing conditions and the acute shortage of decent, safe and sanitary dwelling for families of low income.” The legislation was designed to encourage construction, create employment opportunities, and provide shelter for low-income families and clear sub-standard housing. Emphasizing local control of its programs, the Housing Act provided for housing in which rents would relate to the tenant’s ability to pay. The Highland Park Housing, New Jersey, was created on May 15, 1956. The Authority is composed of 24 units of family public housing, 100 units of senior citizen public housing and 145 units of Section 8 housing. The purpose of the Highland Park Housing Authority is to create and maintain safe, decent and sanitary housing for those individuals of low to moderate income. Mission Statement Our aim is to ensure safe, decent and affordable housing; create opportunities for residents’ selfsufficiency and economic independence; and assure fiscal integrity by all program participants. In order to achieve this mission, we will: Recognize the residents as our ultimate customer. Improve PHA management and service delivery efforts through oversight, assistance, and selective intervention by highly skilled, diagnostic, and results-oriented field personnel. Seek problem-solving partnerships with PHA, resident, community, and government leadership. Act as an agent for change when performance is unacceptable and we judge that local leadership is not capable or committed to improvement. Efficiently apply limited HUD resources by using risk assessment techniques to focus our oversight efforts HPHA RAD Financial Services 2 HIGHLAND PARK HOUSING AUTHORITY REQUEST FOR PROPOSALS RAD FINANCIAL SERVICES Introduction The Borough of Highland Park Housing Authority’s (Authority) application was approved by the U.S. Department of Housing and Urban Development for the conversion of assistance of 124 units under the Rental Assistance Demonstration program (RAD) on March 17, 2015. Property profile details are attached herein. The Authority is seeking Proposals from qualified RAD Financing Professionals (Consultant) for the preparation and securing of sources of private and public debt financing (approximately $2 million for rehabilitation work) in order to submit a Financing Plan to HUD within 180 days of the award. The services requested are as follows: Must be familiar and have experience in preparing/developing RAD Financing Plans in accordance with PIH Notice 2012-32. Prepare development budget (sources and uses) Prepare operating proforma (revenues/expenses) Must possess knowledge of public/private loan products and advise PHA on the best option. Possess knowledge of FHA financing and prepare application, if needed. Possess knowledge of other grant programs such as HOME, CDBG, and FHLB and prepare applications, if necessary. Evaluation Factors: 1) Demonstrates experience and competence in this type of work (50 Points). 2) Familiarity with HUD rules and regulations in general (20 Points). 3) Capability and capacity to accomplish work within the required time period (15 Points). 4) Firm's Equal Opportunity Policy. Each bidder must ensure that all employees and applicants for employment are not discriminated against because of race, color, religion, sex or national origin (5 Points). 5) Price (10 Points). Total Point Score (100 Max): HPHA RAD Financial Services 3 Proposal Submittal ALL PROPOSALS MUST BE RECEIVED BY 2:00 PM on MAY 19, 2015 Three proposals (an original and two copies) are to be submitted in writing to: Highland Park Housing Authority 242 South Sixth Avenue Highland Park, NJ 08904 Attn: Donna Brightman Proposals are, at a minimum, to include the following: 1. A short narrative introducing the Consultant’s company, including personnel qualifications, company history and experience in order to demonstrate the firm’s ability to perform the work. Include professional licenses relevant to the scope of work. 2. Support for evaluation factors 1 – 5 above. 3. A valid business registration certificate. FAILURE TO SUBMIT A COPY OF THE BIDDER’S BUSINESS REGISTRATION CERTIFICATE BEFORE CONTRACT AWARD FROM THE DIVISION OF REVENUE WILL BE CAUSE FOR REJECTION OF THE BID PROPOSAL. The bidder may go to www.nj.gov/njbgs to register with the Division of Revenue or to obtain a copy of an existing Business Registration Certificate. 4. A signed and notarized Stockholder Disclosure Certificate (attached herein). 5. A signed Affirmative Action Compliance Notice (attached herein). 6. A signed Certifications and Representations of Offerors for Non-Construction Contract (attached herein). PLEASE BE SURE TO MARK “PROPOSAL FOR RAD FINANCING” ON THE OUTSIDE OF THE ENVELOPE. Proposals received later than the date and time specified will be rejected or deemed non-conforming. The Authority assumes no responsibility or liability for late delivery or receipt of responses. All questions or request for documents pertaining to this quotation shall be addressed to the aforementioned. The Authority reserves the right to: Reject any or all bids, to waive any informalities in the solicitation process, or to terminate the solicitation process at any time, if deemed by the Authority to be in its best interest. Terminate a contract awarded pursuant to this solicitation at any time for its convenience upon delivery of a 30 day written notice. Determine the days, hours and locations that the successful bidder shall provide the items or services called in for this solicitation. Reject and not consider any bid that does not, in the opinion of the Authority, meet the requirements of this solicitation, including but not necessarily limited to incomplete proposals offering alternate (not including “or equal” items) or non-requested items or services. HPHA RAD Financial Services 4 Property Profile Details Samuel J. Kronman Apartments 242 South Sixth Avenue Highland Park, NJ 08904 Building Used as: 100 Units for low income senior and disabled persons Apartment Breakdown: 15-studios 80-1 bedroom 5-2 bedroom apartments Park Terrace Apartments 205-219 South Sixth Avenue 602-616 Benner Street 206-220 South Seventh Avenue Highland Park, NJ 089074 Used as: 24 units in 3 buildings for low income families: Total for all 3 buildings: 12-1 bedroom apartments 6-2 bedroom apartments 4-3 bedroom apartments 2-4 bedroom apartments HPHA RAD Financial Services 5 STOCKHOLDER DISCLOSURE CERTIFICATION This Statement Shall Be Included with Bid Submission Name of Business______________________________________________________ I certify that the list below contains the names and home addresses of all stockholders holding 10% or more of the issued and outstanding stock of the undersigned. OR I certify that no one stockholder owns 10% or more of the issued and outstanding stock of the undersigned. Check the box that represents the type of business organization: Partnership Limited Liability CorporationCorporation Sole Proprietorship Limited Partnership Limited Liability Partnership Subchapter S Corporation Sign and notarize the form below, and, if necessary, complete the stockholder list below. Stockholders: Name: ______________________________ Name: ______________________________ Home Address: _______________________ Home Address: _______________________ ____________________________________ ____________________________________ Name: ______________________________ Name: ______________________________ Home Address: _______________________ Home Address: _______________________ ____________________________________ ____________________________________ Subscribed and sworn before me this ___ day of ___________ , 2 __. _________________________________ (Affiant) (Notary Public) ________________________________ (Print name & title of affiant) My Commission expires: (Corporate Seal) HPHA RAD Financial Services 6 AFFIRMATIVE ACTION COMPLIANCE NOTICE N.J.S.A. 10:5-31 and N.J.A.C. 17:27 GOODS AND SERVICES CONTRACTS (INCLUDING PROFESSIONAL SERVICES) This form is a summary of the successful bidder’s requirement to comply with the requirements of N.J.S.A. 10:5-31 and N.J.A.C. 17:27. The successful bidder shall submit to the public agency, after notification of award but prior to execution of this contract, one of the following three documents as forms of evidence: a. A photocopy of a valid letter that the contractor is operating under an existing Federally approved or sanctioned affirmative action program (good for one year from the date of the letter); OR b. A photocopy of a Certificate of Employee Information Report approval, issued in accordance with N.J.A.C. 17:27-4; OR c. A photocopy of an Employee Information Report (Form AA302) provided by the Division and distributed to the public agency to be completed by the contractor in accordance with N.J.A.C. 17:27-4. The successful vendor may obtain the Affirmative Action Employee Information Report (AA302) from the contracting unit during normal business hours. The successful vendor(s) must submit the copies of the AA302 Report to the Division of Contract Compliance and Equal Employment Opportunity in Public Contracts (Division). The Public Agency copy is submitted to the public agency, and the vendor copy is retained by the vendor. The undersigned vendor certifies that he/she is aware of the commitment to comply with the requirements of N.J.S.A. 10:5-31 and N.J.A.C. 17:27 and agrees to furnish the required forms of evidence. The undersigned vendor further understands that his/her bid shall be rejected as non-responsive if said contractor fails to comply with the requirements of N.J.S.A. 10:5-31 and N.J.A.C. 17:27. COMPANY: ____________________________ SIGNATURE: ___________________________ PRINT NAME:___________________________TITLE: ____________________ DATE: __________________ HPHA RAD Financial Services 7 HPHA RAD Financial Services 8 HPHA RAD Financial Services 9
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