Request for Proposals: Property-Based Subsidies & Project-Based Voucher Program

Request for Proposals: Property-Based Subsidies & Project-Based Voucher Program

The Housing Authority of the City of Tacoma (THA) is seeking competitive proposals for two types of THA rental assistance. The Tacoma housing market continues to see low vacancy rates and rising rents. The stock of housing that has been affordable to low income households is shrinking. THA has the ability to use its federal funding to find creative ways to make units available to low income households and to serve more households in the community. Under this request for proposals THA will accept proposals for two types of rental assistance: Project-Based Voucher Assistance and Local Property-Based Subsidies. The Project-Based Voucher is an existing federal housing subsidy program. Under this program, THA and a property owner will negotiate to place a long-term contract on a property to pay housing subsidies for units occupied by qualified tenants. Tenant rents are based on tenant incomes and THA pays a subsidy to cover the remaining balance of the rent each month. The subsidy is “attached” to the unit and applies to each qualified tenant that moves into that unit.

The second offering is the Local Property-Based Subsidy. This program is different from THA’s Tenant-Based and Project-Based voucher programs. It is similar to the Project-Based voucher program in that the subsidy is tied to a property, as opposed to the tenant. Like the Project-Based voucher, THA also regularly inspects units to ensure they are safe for occupancy. The Local Property-Based Subsidy is different from the Project-Based voucher program in three primary ways:

Like other programs, tenants must income qualify and have incomes below set standards, but the tenant rents are fixed regardless of the tenant’s actual income. This provides predictable rent amounts for tenants rather than having tenant rents vary as tenant incomes go up and down. Fixed rents make the program easier to explain, understand and manage for both tenants and landlords. The fixed subsidy also removes a disincentive for tenants to increase their earned income because the tenant’s share of the rent will not increase if they earn more. On the other hand, it also means that a tenant’s rent share will not decrease if their income goes down. In this way, it is similar to THA’s HOP program except it’s tied to a property rather than a tenant.

The subsidies to the owner would be set on an annual basis, subject to the property meeting negotiated minimum occupancy rates, rather than varying month-to-month based on tenant rent calculations. This provides a stable, predictable and easy to administer income stream for the owners and predictable expenses for the housing authority.

The owner is responsible for advertising vacancies, screening its tenants and verifying the income of  tenants. The tenants will not have a relationship with the housing authority. Tenants will just realize affordable rents at the property level based on the subsidy that is being provided to the owner. The arrangement offers tenants the tenant protections of THA’s other programs.

Under this Request for Proposal (RFP) and subject to funding availability, THA will provide property-based subsidies for up to 200 rental units and up to 50 vouchers for project based assistance.

  • Under this solicitation, THA will accept proposals for PBV assistance in the category(s) selected below:
     
  • Existing Housing—units that substantially comply with Housing Quality Standards (HQS) on the proposal selection date. Units can be any type of rental housing—single family homes, duplexes, apartments, etc.

Interested owners may request an application packet by calling April Black, Deputy Executive Director, at (253) 207-4474. Applications are also available on-line at www.tacomahousing.net

Though the application components for both programs are the same, owners interested in competing for both types of subsidies must complete two applications, one for each type of subsidy.

This Request for Proposals will remain open continuously until further notice. THA will notify the public once it has awarded all of the available vouchers and/or if THA decides to close the bid process. On a decision to close the bid process, THA will provide a 30-day notice for respondents to submit their final bids.

Completed applications for the Local Property-Based Subsidy program will first be reviewed on August 27, 2018 and future reviews will occur every 30 days thereafter. For the first review, applications must be received by Tacoma Housing Authority, Attn: April Black, 902 S L St, Tacoma, WA 98405 no later than 4:00 p.m. on August 27. Applications postmarked prior to the deadline but not received by the Tacoma Housing Authority will be held until the next review cycle.

Completed applications for the Project-Based Voucher program will first be reviewed on September 10, 2018 and future reviews will occur every 30 days thereafter. For the first review, applications must be received by Tacoma Housing Authority, Attn: April Black, 902 S L St, Tacoma, WA 98405 no later than 4:00 p.m. on September 10. Applications postmarked prior to the deadline but not received by the Tacoma Housing Authority will be held until the next review cycle.

Fully responsive proposals that are received by the first application deadline and score at least 50 points will be awarded based on available funding. Proposals received after the first deadline and/or proposals scoring less than 50 points might be held until adequate applications are received to merit a competition. This decision will be made on a case-by-case basis.

To assist owners in understanding the program and the application requirements, an informational meeting will be held August 14, 2018 at 10:00 am at the THA Administrative Building located at 902 S. L Street, Tacoma WA 98405. Sign language interpreters or translators will be provided by request. Accommodation requests must be received at least 72 hours in advance of the scheduled meeting.

 

View Full RFP

View Required Application Components

View Application Form

View HUD form 2880

 

Questions on this RFP must be submitted in writing to the THA offices or to ablack@Tacomahousing.org.

Answers will be provided in writing and posted on the THA website www.tacomahousing.net .

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Monday, August 6, 2018