Equity and Debt Services for the Development of Phase 1b at Austin Homes Q2112.docx

The document is a Request for Proposals (RFP) issued by Knoxville's Community Development Corporation (KCDC) for the development of Phase 1b at Austin Homes. KCDC is seeking equity and debt services for the construction of 180 residential units, utilizing Low-Income Housing Tax Credits (LIHTC) and Multifamily Tax-Exempt Bond Authority (MTBA). The RFP outlines the background of KCDC, its mission, previous projects, and the master plan for Austin Homes. It details the financial aspects, including the issuance of bonds, developer fees, and loan structures. The document also covers evaluation criteria, contact policy, insurance requirements, licenses, and KCDC's reservation of rights. The RFP emphasizes KCDC's goal to establish a pool of qualified firms for future solicitations and provides specific instructions for proposal submissions.