Request For Proposals- Hifumi En New Construction Low Income Housing Tax Credit Investor and Construction Lender
The Spokane Housing Authority (“SHA”) has formed the Hifumi en LLLP, a Washington limited liability limited partnership, to design, develop, construct, and operate the new Hifumi en project located in Spokane, Washington. SHA seeks proposals to finance this new construction project from organizations willing to serve in one or more of the following roles:
– An investor / limited partner for $2,163,557 in annual 9% Low-Income Housing Tax Credits (“LIHTCs”)
– A construction lender for a construction loan of approximately $15,600,000 to supplement a planned $5,000,000 owner’s construction loan.
This RFP is not an offer to sell, or the solicitation of an offer to buy, any security. Investment in the tax credit partnership may be made by the selected partner only upon negotiation of a mutually satisfactory limited partnership agreement and related documents.
Any questions pertaining to this RFP must be submitted in writing to the RFP Coordinator:
Paul Trautman, Development Manager Tel: 509-252-7148 ptrautman@spokanehousing.org
RFQ Submission
Proposals shall be submitted by September 13, 2023 by 4:30 PM Pacific Daylight Time.
Submit proposal via email to RFP Coordinator Paul Trautman at ptrautman@spokanehousing.org. Proposers should email one electronic file in a PDF format containing all submission materials. To ensure proper identification and receipt, state “Hifumi en Lender Investor Proposal” in the email subject line. A reply acknowledging receipt of the proposal will be emailed.