Description
The Boston Housing Authority (BHA) is seeking proposals from firms able to provide construction financing and equity investment for mixed‑income housing projects under its Accelerator Fund. Up to $35 million of loan and investment capital will be made available, with terms (interest rate, term, and amount) negotiable to suit compelling projects. Successful bidders will supply the capital, may convert construction financing into permanent financing, and must comply with all BHA and HUD procurement requirements.
• Funding focus: construction loans or equity investments for mixed‑income rental (private & public) and homeownership projects.
• Total financing pool: up to $35 million, with flexible loan‑size, rate, and term options.
• Submission requirements: technical and fee proposals, multiple hard‑copy copies, sealed envelopes, and a USB‑based PDF; all due by 2 PM on 23 Oct 2026.
• Mandatory compliance: HUD Form 5369‑A, corporate certification, REAP certification, and BHA‑specific W‑9; bidders must be qualified, not debarred, and able to meet delivery/financial obligations.
• Evaluation: lowest responsive and responsible bidder; contracts are term‑based (1‑year base period with possible 6‑month extension).