BOND FINANCIAL ADVISORY SERVICES

Location:	Connecticut
Posted:	Aug 12, 2026
Due:	Aug 31, 2026
Agency:	New Britain Housing Authority
Type of Government:	State & Local
Category:	R - Professional, Administrative and Management Support Services
Publication URL:	To access bid details, please log in.

Attachment Preview

NEW BRITAIN HOUSING AUTHORITY

REQUEST FOR PROPOSALS

Agency-Wide Services

RFP No.: __NBHA-RAD-26-CCC-2604__

Issue Date: ___August 10, 2026___

New Britain Housing Authority

16 Armistice Street

New Britain, Connecticut 06053

New Britain Housing Authority - Bond Financial Advisory Services | Page 1

PART 1 - GENERAL INFORMATION

1.1 New Britain Housing Authority

The New Britain Housing Authority ("NBHA" or the "Authority") was established in 1941 and operates as a public

housing agency under the U.S. Housing Act of 1937, as amended. NBHA provides affordable housing

opportunities to low- and moderate-income households within the City of New Britain, Connecticut. NBHA owns

and manages a diverse housing portfolio that includes public housing, Housing Choice Voucher programs, and

mixed-finance developments.

NBHA is engaged in ongoing and future development, redevelopment, preservation, recapitalization,

modernization, acquisition, rehabilitation, RAD, Section 18, mixed-finance, tax-credit, and other affordable

housing initiatives. The Authority may issue bonds and other obligations, as permitted by applicable law, to

support affordable and mixed-income housing development, capital improvements, preservation, and long-term

financial sustainability.

NBHA seeks to retain a qualified Bond Financial Advisor to support the Authority on an agency-wide basis for

existing and future financing activities. The engagement is not limited to the Mount Pleasant Redevelopment or

any single phase, development, financing, or bond issue.

1.2 Solicitation Purpose

NBHA seeks proposals from qualified firms to provide Bond Financial Advisory Services to the Authority on an

agency-wide basis. The Board of Commissioners may select one or more firms to provide services for all bond

and related financing matters, or may establish a pool of qualified firms eligible for assignments on a

transaction-by-transaction basis.

The selected firm(s) may be called upon to assist NBHA with financings undertaken for NBHA-owned projects,

affiliate or instrumentality projects, mixed-finance developments, third-party affordable housing transactions for

which NBHA may serve as issuer, and other projects or programs authorized by the Authority.

The initial contract term shall be three (3) years. At NBHA's sole option, the contract may be extended for up to

two (2) additional one-year terms, for a maximum potential term of five (5) years.

1.3 Schedule of Events

Milestone

RFP Release Date

Deadline for Questions

Responses to Questions

Proposal Due Date and Time

Date / Time

August 10, 2026

August 17, 2026

August 19, 2026

August 31, 2026 at 3PM Eastern Time

1.4 Communications

All questions and requests for clarification shall be submitted in writing to Laura Woodie, Executive Project

Manager, Censere Consulting LLC, on behalf of the New Britain Housing Authority, at

laurawoodie@censereconsultingllc.com. Respondents shall not communicate concerning this procurement with

other NBHA staff, Commissioners, or consultants except as expressly authorized by this RFP.

PART 2 - SCOPE OF WORK

2.1 Agency-Wide Scope of Work and Specific Requirements

The Bond Financial Advisor shall provide all financial advisory services necessary or advisable to assist NBHA

in evaluating, structuring, issuing, closing, administering, and monitoring bonds and other debt obligations for

current and future Authority initiatives. Services may include, without limitation:

New Britain Housing Authority - Bond Financial Advisory Services | Page 2

• Evaluate financing alternatives and recommend appropriate debt structures for NBHA projects and

programs.

• Advise NBHA regarding tax-exempt and taxable bonds, private activity bonds, direct placements, public

offerings, private sales, recycled bonds, refundings, and other financing structures, as applicable.

• Assist with applications for State of Connecticut bond volume cap and other governmental approvals.

• Develop and review financial models, sources and uses, debt-service schedules, cash flows, sizing

analyses, and financing scenarios.

• Advise NBHA concerning the need for credit enhancement and assist with related negotiations.

• Assist in selecting and coordinating financing participants, including lenders, underwriters, placement

agents, trustees, bond counsel, disclosure counsel, verification agents, and other professionals, as

applicable.

• Assist NBHA in evaluating proposals and pricing from financing participants and in determining whether

proposed terms are reasonable and competitive.

• Assist with rating agency presentations and investor or lender information, when applicable.

• Assist in closing details and post-closing duties, including closing memoranda, cost-of-issuance reviews,

and reports required by oversight or review agencies.

• Advise the Authority regarding investment of bond proceeds, arbitrage considerations, continuing

disclosure, and ongoing debt administration.

• Provide advice concerning developments in the municipal bond and affordable housing finance markets that

may affect NBHA.

• Provide financial advisory assistance for NBHA-owned developments, affiliates, instrumentalities, joint

ventures, mixed-finance developments, and third-party transactions in which NBHA may serve as conduit

issuer.

• Provide other financial advisory services necessary or incidental to the issuance, administration,

restructuring, or monitoring of debt obligations.

The Authority will determine the scope and allocation of assignments during the contract term. We anticipate

that the authority will issue approximately sixty-three million dollars in bond over the next five (5) years. No

minimum number or dollar amount of transactions is guaranteed.

Consistent with applicable Municipal Securities Rulemaking Board requirements, a financial advisor shall not act

in an incompatible underwriting role on an issue for which the firm is serving as NBHA's municipal advisor.

PART 3 - PROPOSAL SUBMISSION

3.1 Proposal Structure and Content

A. Transmittal Letter and Executive Summary

Provide a signed transmittal letter identifying the person authorized to bind the firm, confirming the accuracy of

the proposal, and summarizing the firm's understanding of NBHA's agency-wide financial advisory needs.

B. Firm Background and Experience

Describe the firm's public finance practice, ownership, offices, staffing, and experience providing municipal

advisory services to public housing authorities, housing finance agencies, municipalities, and affordable housing

issuers.

C. Qualifications and Relevant Transactions

Provide relevant experience since 2021, including multifamily housing revenue bonds, public housing authority

financings, RAD/mixed-finance transactions, private placements/direct purchases, public offerings, and

Connecticut transactions. Identify at least three representative transactions and explain the firm's role.

New Britain Housing Authority - Bond Financial Advisory Services | Page 3

D. Assigned Team and Résumés

Identify the team proposed for NBHA, primary day-to-day contact, office location, roles, relevant licenses, years

of experience, and specific public housing, multifamily affordable housing, and Connecticut experience.

E. Analytical Resources

Describe financial modeling, debt structuring, market information, pricing, and analytical resources that will be

available to NBHA.

F. Business Practices and Diversity

Describe MBE/WBE/Section 3 participation and the firm's approach to working with co-financial advisors or

other participating firms.

G. Conflicts, Regulatory Matters, and Litigation

Disclose actual or potential conflicts of interest, material litigation, regulatory proceedings, investigations, or

disciplinary matters relevant to the proposed engagement.

H. References

Provide at least three references for comparable financial advisory engagements performed during the past five

years.

I. Fee Proposal

Provide an agency-wide fee schedule that identifies hourly rates by professional, proposed transaction-based or

fixed fees where applicable, reimbursable expenses, and any other charges. Explain whether rates will remain

fixed during the initial three-year term and how, if at all, rates may change during option years.

3.2 Submission of Proposals

Completed proposals shall be submitted electronically in PDF format by the proposal due date and time

specified by NBHA. Submission instructions and the applicable procurement number shall be included in the

final solicitation notice.

PART 4 - PROPOSAL EVALUATION

NBHA intends to award based on the best overall combination of qualifications, experience, approach, team

capacity, and price, and not necessarily to the lowest-priced Respondent.

Evaluation Factor

Relevant experience, qualifications, and ability to

meet NBHA's agency-wide needs

Depth of municipal advisory experience with public

housing authorities and affordable multifamily

housing

Quality and completeness of qualifications and

proposed approach

Relevant experience with NBHA, Connecticut public

entities, housing authorities, or comparable agencies

Diversity participation / MBE-WBE-Section 3

commitment

Fee structure and projected costs

TOTAL

Points

100

New Britain Housing Authority - Bond Financial Advisory Services | Page 4

PART 5 - MANDATORY SUBMITTALS

• W-9 - Request for Taxpayer Identification Number and Certification

• Required Representations and Certifications

• Principal Personnel Disclosure Statement Certification

• Respondent Disclosure Certification / Conflict Disclosure

• Liability Questionnaire

• HUD-50071 - Certification of Payments to Influence Federal Transactions, if applicable

• Workforce Composition

• Subcontractor Data Form, if applicable

• Section 3 Business Self-Certification Form, if applicable

• Record of Comparable Projects / Engagements

• Addenda Acknowledgment Form

• Evidence of authorization to do business in Connecticut, as applicable

PART 6 - ADMINISTRATIVE TERMS AND CONDITIONS

6.1 Contract Period

The initial contract period shall be three (3) years from the effective date of the contract.

6.2 Option to Extend

At NBHA's sole option, the contract may be extended for two (2) additional one-year terms. The total contract

period shall not exceed five (5) years.

6.3 No Guaranteed Assignments

Award of an agency-wide contract does not guarantee any minimum amount of work, fees, financing volume, or

number of bond transactions. NBHA may issue assignments as needs arise.

6.4 Multiple Awards

NBHA reserves the right to award to one or more firms and to allocate assignments among selected firms in the

Authority's best interest.

6.5 Compliance with Law

The Contractor shall comply with all applicable federal, State of Connecticut, and local laws, regulations,

ordinances, HUD requirements, and professional standards applicable to the services.

6.6 Insurance

The selected Contractor shall maintain insurance required by NBHA and shall provide evidence of coverage

prior to contract execution and at the beginning of each option term.

6.7 Conflicts of Interest

The selected firm shall promptly disclose actual or potential conflicts and shall comply with applicable municipal

advisor fiduciary, disclosure, and professional obligations.

6.8 Termination

NBHA reserves the right to terminate the contract in accordance with the final agreement and applicable HUD

and procurement requirements.

New Britain Housing Authority - Bond Financial Advisory Services | Page 5

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

BOND FINANCIAL ADVISORY SERVICES

Attachment Preview

See also