2012 Request for Preliminary Proposals
The Toledo-Lucas County Housing Fund, Inc. (TLCHF) and the Lucas County Land Reutilization
Corporation (Land Bank) have entered into an alliance for a new funding round. We are pleased
to issue this joint application to solicit Preliminary Proposals for funding.
Land Bank is a community improvement corporation designed to strengthen neighborhoods
in Lucas County by returning vacant and abandoned properties to productive use. By
strategically acquiring properties, the Land Bank works to reduce blight, increase property
values, strengthen neighborhoods, and improve the quality of life for all Lucas County residents.
TLCHF is an independent county-wide nonprofit organization governed by a board of directors
that includes representatives from several community organizations as well as City and County
appointees. We envision Lucas County consisting of vibrant economically and racially diverse
communities and neighborhoods. The TLCHF is committed to facilitating the production and
preservation of housing within Lucas County.
This Request for Proposals is designed to assist in providing gap financing for homeownership
and rental housing projects in Lucas County. Priorities for this 2012 TLCHF / Land Bank Funding
Round (not ranked in any particular order) are:
Infill new construction on vacant lots resulting from Lucas County Land Bank's demolition
Rehabilitation of vacant and abandoned properties. Proposals 1) using property owned or
in the process of being owned by the Land Bank; and/or 2) consistent with community
plans are preferred;
Rehabilitation of properties with historic significance;
Proposals with significant recent private or public investment located near the proposed
site that will benefit the development or the residents;
New construction and rehabilitation for low and moderate income housing in
communities with limited opportunities for affordable housing;
New construction and rehabilitation for market rate housing in low and moderate income
Home repair programs in targeted redevelopment areas.
2012 TLCHF / Land Bank Request for Proposals 1
Applicants may be non-profit or for-profit entities. Joint applicants (two or more entities
submitting a single proposal) must designate one entity to be responsible for fiscal
management and administration.
Under this RFP, the TLCHF / Land Bank will provide gap financing for the development of the
following type of projects:
New construction or rehabilitation of housing for homeownership – including, for
example, down-payment programs and gap financing for development;
New construction or rehabilitation of housing for rent – gap financing;
Housing projects to address home repair, energy conservation and modification of
housing to facilitate accessibility (rental or home ownership).
Types of Assistance
Grants are available to:
o Non-profit development organizations for homeownership and rental projects. CDCs,
special need organizations and other nonprofit housing development organizations are
o Private for-profit housing developers for homeownership and rental projects.
Loans are also available to both non-profit housing development organizations and for-profit
developers. Loan terms and rates will be structured to meet the project's needs, but in no
event will the loan term exceed five years and the amortization period exceed 30 years.
Loans may be subordinated to other financing
$200,000 or 1/3 of the project's total development cost, whichever is less.
Applicants must submit seven (7) bound copies of the proposal plus a copy on a disk. Proposals
should be limited to six (6) pages of text, excluding the preliminary budgets, development team
resumes and the one-page Exhibit A. Qualified applications must include the following sections,
which should be clearly identified and submitted in the following order:
1) Project Summary
Provide a summary of the project on the one-page Project Summary form (Exhibit A)
available on the TLCHF web site.
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2) Project Description
Describe the type of project and scope of activity being proposed, indicating:
Project objectives and a brief project description.
Type of housing being developed (new construction, rehabilitation, preservation).
Population to be served by this development, including an estimate of the number of
housing units to be sold or rented to each of the following income groups:
Household income <30% of area median
Household income >30% and <80% of area median
Household income >80% and <120% of area median
Household income >120% of area median
Street address and neighborhood/community of each property in the project.
Current ownership of each property.
Site control status.
Current zoning, use and occupancy status of each property.
Any historic designation of subject properties.
Summary of any anticipated “Green building” or sustainable design features.
Describe any support systems / programs for residents, particularly proposals targeting
lower income households, to ensure the sustainability of the housing.
3) Neighborhood Context
Is the project consistent with any existing community redevelopment efforts or plans? Does
the project support recent and/or planned private or public investment in the community?
Is the project a strategic reuse of a site within the neighborhood? Please describe.
4) Preliminary Budgets
Submit preliminary budgets for your project.
A preliminary Development Pro Forma for homeownership developments and rental
developments, which identifies the use of funds, total development cost and the sources
of funds. Show how TLCHF / Land Bank funds would be used.
For homeownership developments, a Home Sales Analysis to demonstrate affordability
for households at the targeted income.
For rental developments, an Operating Budget to provide operating costs and cash flow
over a 15 year period.
If applicable, provide status of all funding commitments received and a list of pending
applications with dates of submission and expected awards. Indicate how the project will be
financed during the construction phase.
5) Preliminary Timetable
Provide a preliminary timetable with key benchmarks identified by target date. At a
minimum, include projected application dates and approval dates for other funding sources
assumed, design benchmarks, zoning approvals, bidding, construction start and completion.
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The timetable MUST include your best estimate regarding the anticipated date that the
project will need the TLCHF / Land Bank financing.
6) Development Team
Provide a brief description of each member of the development team currently identified,
such as developer, attorney, contractor, architect, and consultant. If a partnership is being
created describe the structure and identify which member will be responsible for fiscal
management and administration. Provide a summary of other related housing
development activities that each team member is undertaking or has undertaken.
Team Member Resumes – please also include a resume of each identified member of the
development team as an attachment.
Please note that major changes to the development team are considered material changes
to the project. Pending and approved applicants are required to notify TLCHF / Land Bank
of such changes. Major changes to the development team could result in the TLCHF and
Land Bank reassessing their commitment.
7) Meeting TLCHF / Land Bank Priorities
Briefly describe how your proposal meets 2012 TLCHF / Land Bank priorities as outlined
Proposals must be delivered no later than 4:00 PM, Thursday, December 6, 2012
Lucas County Land Bank office
One Government Center, Suite 580
Toledo, Ohio 43604
Proposals received after the deadline will not be accepted and will not be reviewed.
Subsequent to review, the TLCHF / Land Bank Committee may request a meeting with each
applicant to discuss their preliminary proposal. Based upon the results of this meeting and a
review of the preliminary application, selected applicants may be requested to provide
additional information/detail for portions of their application.
The TLCHF and Land Bank assume no liability for costs incurred in proposal preparation. The
TLCHF and Land Bank reserve the right to accept or reject proposals or to seek additional
information from any applicant. The TLCHF and Land Bank are under no obligation to award all
available funds through this RFP.
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Progress Reports – successful applicants will enter into a grant agreement with the TLCHF or
Land Bank. This agreement will include a requirement for periodic progress reports as a
condition for continued funding.
All interested parties are encouraged to attend a briefing session regarding the
application and review process scheduled for:
Thursday, October 11, 2012
One Government Center
12th Floor Conference Room
Toledo, Ohio 43604
TLCHF's consultant staff is available to answer questions about the TLCHF funding and
application. All questions regarding the application should be in writing and e-mailed to TLCHF
co-managers Martin Jarret or Paul Tecpanecatl no later than November 29, 2012.
Martin Jarret, Jarret Consulting Services
Paul Tecpanecatl, Poggemeyer Design Group
Martin Jarret and Paul Tecpanecatl, will post questions and responses on the TLCHF web site:
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