Description
The Town of Chapel Hill’s Housing and Community Development Department is seeking a qualified consulting firm to conduct a comprehensive Capital Needs Assessment (CNA) of its 296‑unit public housing portfolio and to develop an Asset Repositioning Strategy aligned with HUD Section 3 requirements and the town’s Affordable Housing Plan. The work is divided into two phases—CNA and Asset Repositioning—each delivering detailed reports, cost estimates, and implementation plans. The contract is for one year, with immediate start after award, and the consultant must provide on‑site inspections, statistical sampling, financial analysis, community impact assessments, and presentation of findings to town leadership.
• Perform condition surveys on a statistically‑sampled 30 % of occupied units plus all vacant units and community facilities.
• Develop a 20‑year capital needs schedule with cost estimates and remaining useful life of building components.
• Analyze repositioning options (RAD, Section 18, PBV, TPV, mixed‑finance, redevelopment) and produce a phased implementation plan.
• Deliver interim milestone reports and final comprehensive CNA and Asset Repositioning reports, including data, photos, and financial models.
• Ensure compliance with HUD Section 3, federal assistance rules, and local insurance requirements.
• Complete all work within 12 months of contract execution.