RFP #27022 Athens-Clarke County Affordable Housing Fund Administrator
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Description
Eligible entities are invited to submit a proposal to provide professional services to launch and administer the Athens-Clarke County Affordable Housing Fund (ACCAHF). The goal of the ACCAHF is to help address critical affordable housing needs in Athens-Clarke County, through revolving loan programs that result in the creation and preservation of affordable homes. ACCGov will reserve an initial investment of approximately $8 million from the ACCGov Affordable Housing Special Revenue Fund, which has three specific priorities; Acquisition Strike Fund, a Single-Family Affordable Housing Fund, and Gap Financing for LIHTC Projects Fund. Additionally, applicants may request funding to support ACCAHF operations for the first 12 months of implementation, with an expected annual decrease (if contract is renewed past 12 months) as the ACCAHF starts generating its own revenue from interest and principal payments on loans outstanding. The selected entity will provide services per the scope of services as indicated in Section III of this RFP. ACCGov will consider selecting a single entity with proven relevant experience in both areas, or a joint application from multiple entities whose combined proven experience meets experience requirements.