RFP for Project-Based Voucher Program AND Property-Based Subsidies
| Agency: | Tacoma Housing Authority |
|---|---|
| Level of Government: | State & Local |
| Category: |
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| Opps ID: | NBD15439892827484295 |
| Posted Date: | Nov 16, 2022 |
| Due Date: | Dec 15, 2022 |
| Source: | https://www.tacomahousing.org/... |
The Housing Authority of the City of Tacoma (THA) seeks competitive proposals for two types of THA rental assistance. The Tacoma housing market continues to see low vacancy rates and rising rents. Affordable housing options for low-income families continues to shrink. THA can 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.
THA will accept proposals for existing housing and the rent to owner must not exceed the lowest of the following:
- 110% of the applicable Fair Market Rent for the unit bedroom size minus any utility allowance;
- The reasonable rent; or
- The rent requested by the owner.
The Project-Based Voucher (PBV) is an existing federal housing subsidy program. These PBVs will enable low-income households to access affordable housing. 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. THA regularly inspects units to ensure they are safe for occupancy. 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.
For more details about the PBV program please refer to:
- Regulation 24 CFR part 983 , Project-Based Voucher Program
- THA’s Administrative Plan , Chapter 17
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 rent going up or down based on their income. 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.
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 both programs will first be reviewed on December 15, 2022, and future reviews will occur every 30 days after that. For the first review, applications must be received no later than 4:00 p.m. on December 15, 2022. Applications postmarked before the deadline but not received by the Tacoma Housing Authority will be held until the next review cycle.
Informational MeetingTo assist owners in understanding the program and the application requirements, an informational meeting will be held online via Zoom on November 30, 2022 at 3:00 pm. 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. The link for the meeting will be posted on THA’s website on November 28, 2022. After the meeting, the recording and answers to any questions will be posted here.
Submit questions in writing to the THA offices or athompson@tacomahousing.org . Answers will be provided in writing and posted on the THA website.
Q & A
Q: Would the project-based subsidy referenced include the CHAP program?
A: The current proposal seeks units to serve low-income households, without a preference for students.
Q: I have read the information regarding the above list proposal, and it talks about the application. I have search and cannot find the application for the proposal. Can you please assist me with locating the information for the proposal.
A: The full solicitation is now available on our website as of 11/4/2022.
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