RFP- MTW Local Housing Development Program (Short-Term Financing)

Location:	California
Posted:	Nov 14, 2025
Due:	Nov 28, 2025
Agency:	Housing Authority of the County of Kern
Type of Government:	State & Local
Category:	U - Education and Training Services
Publication URL:	To access bid details, please log in.

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Date Issued:

November 10, 2025

REQUEST FOR PROPOSALS

MTW Local Housing Development

Program

Short-term Financing

Tel 661·631·8500 Fax 661·631·9500 TTY 661·631·1047

601 – 24th Street, FRNT · Bakersfield, CA 93301-4142 www.kernha.org

The Housing Authority of the County of Kern is accepting proposals until Friday,

November 28th at 5:00PM for affordable housing development projects needing short-

term financing available under the new MTW Local Housing Development Program.

Program Overview

Provide short-term (up to 36 months) financing on an over-the-counter basis to facilitate

the acquisition, renovation, or development of affordable housing. Financing includes:

• Provision of zero or below-market rate interest loans for predevelopment costs,

acquisition costs, construction costs, and rehabilitation costs.

• Loans can be soft loans (residual receipts payments only) or conventional

amortized loans depending on the financial capacity of the development.

Program Requirements

• Assisted housing must serve households with income under 80% AMI. If

households above 80% AMI are served, the proportion of LHDP funds to total

costs must be less than or equal to the proportion of 80% AMI homes to total

homes. Annual reporting (rent rolls with tenant income information) will be

required to document the target population is served.

• Predevelopment loans will be secured by a promissory note and have a

maximum term of 36 months.

• All other loans must be secured by a promissory note, deed of trust, and

regulatory agreement recorded on the property. The property must be restricted

for affordable use for at least 30 years or the term of the loan, whichever is

longer, unless the loan is paid off.

• Development assisted by LHDP must comply with the following federal

requirements:

o NEPA environmental review

o Site & Neighborhood standards pursuant to 24 CFR 941.202

o Subsidy layering review - if involving Housing Choice Vouchers and

LIHTC

o HUD TDC and HCC limits

o HUD Cost Control and Safe Harbor Standards for Rental Mixed Finance

Development

Underwriting/Approval Requirements

• LHDP financing will only be provided to experienced affordable housing

developers based in Kern County.

• Short term financing must have a viable repayment source, including awarded

State or local funds or viable LIHTC allocation potential.

• Development must meet TCAC or HCD cash flow underwriting limits.

• The size of the loans will be based on available LHDP funds and the needs of the

development.

• If other State and/or local sources are available, these should be pursued before

the LDHP financing is provided.

Evaluation Criteria

Proposals will be evaluated based on the following criteria:

• Experience of developer

• Likelihood of repayment sources

• Adherence to program requirements

Proposal Content

Reponses must include the following information:

1. Name of Development

2. Address of development

3. Type of Development (acquisition/rehab/new construction/refinancing)

4. # & type of units and target AMIs

5. Projected timeline for start and completion of construction/rehab (if applicable)

6. Requested loan amount and term

7. Repayment sources and status of sources

8. Status of NEPA review

9. Status of subsidy layering review

10. Development and operating pro-formas

11. Developer name

12. Affordable housing development experience of developer

Proposal Submission

Proposals for MTW LHD Financing must be received by 11/28/25 at 5 p.m., via email

to bids@kernha.org and addressed as follows:

MTW LHD Financing

Stephen Pelz, Executive Director

Housing Authority of the County of Kern

Please Note – paper submissions will not be accepted.

For questions, please contact Stephen M. Pelz via email at spelz@kernha.org or at (661)

631-8500 ext. 2005.

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

RFP- MTW Local Housing Development Program (Short-Term Financing)

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