City of Cedar Rapids - Multifamily & Mixed Use Pro Forma RFP PUR0826-047 (2026)
Cedar Rapids Housing ServicesLocal Housing Authority · Cedar Rapids, IA- Due
- Sep 30, 2026
- Deadline passed
- Posted
- Sep 2, 2026
- Contract term
- 1 year
- Primary contact
- Megan Snitkey
- (319) 286-5137
The 30-second brief
The City of Cedar Rapids Economic Development Department is requesting proposals for financial analysis of complex, multifamily project pro formas requesting above-standard City incentives. The work includes assessing capital stacks and sizing, confirming accuracy of pro forma information such as sources and uses of funds, revenues, operating expenses, net operating income, cash flow projections, financial leverage, and return on equity, and evaluating whether projects present excessive risk or are financially unsound. Proposals are due by September 30, 2026, at 3:00 PM CDT through the City's Online E-Procurement portal system (Euna Procurement, powered by IonWave). A question deadline is set for September 16, 2026. The initial contract term is for one year, with options to renew for two additional one-year periods.
Detailed project-level reports for multifamily projects seeking above-standard incentives, Training and professional development for City staff in economic development finance and real estate project evaluation, And recommendations regarding City incentive strategy.
Qualifications and Experience - 50 Percent, Company Responsiveness to RFP - 35 Percent, Financial Proposal - 15 Percent
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Summary
The City of Cedar Rapids Economic Development Department is requesting proposals for financial analysis of complex, multifamily project pro formas requesting above-standard City incentives.
The work includes assessing capital stacks and sizing, confirming accuracy of pro forma information such as sources and uses of funds, revenues, operating expenses, net operating income, cash flow projections, financial leverage, and return on equity, and evaluating whether projects present excessive risk or are financially unsound. Proposals are due by September 30, 2026, at 3:00 PM CDT through the City's Online E-Procurement portal system (Euna Procurement, powered by IonWave). A question deadline is set for September 16, 2026. The initial contract term is for one year, with options to renew for two additional one-year periods.
EVALUATION CRITERIA
3- Qualifications and Experience - 50 Percent
- Company Responsiveness to RFP - 35 Percent
- Financial Proposal - 15 Percent
REQUIRED DELIVERABLES
Detailed project-level reports for multifamily projects seeking above-standard incentives, Training and professional development for City staff in economic development finance and real estate project evaluation, And recommendations regarding City incentive strategy.
REQUIRED ATTACHMENTS
4- Proposal Submittal
- Financial Proposal Submittal
- Certification Regarding Ability to Obtain Required Insurance
- Buy Local Packet
- Submit to
- https://citycrbids.ionwave.net/PublicDetail.aspx?bidID=1901&SourceType=1
- Duration
- 36 months
- Scope location
- Cedar Rapids, IA
- Reported agency
- City of Cedar Rapids
Questions about this RFP
How do I respond to this RFP from Cedar Rapids Housing Services?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is September 30, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: https://citycrbids.ionwave.net/PublicDetail.aspx?bidID=1901&SourceType=1. For questions, contact Megan Snitkey.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Cedar Rapids Housing Services in IA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Megan Snitkey at (319) 286-5137. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Detailed project-level reports for multifamily projects seeking above-standard incentives, Training and professional development for City staff in economic development finance and real estate project evaluation, And recommendations regarding City incentive strategy.. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Qualifications and Experience - 50 Percent, Company Responsiveness to RFP - 35 Percent, Financial Proposal - 15 Percent" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Cedar Rapids Housing Services?
All active and historical solicitations from Cedar Rapids Housing Services are tracked and searchable. As a local housing authority agency, Cedar Rapids Housing Services regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 1 year. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Proposal Submittal, Financial Proposal Submittal, Certification Regarding Ability to Obtain Required Insurance, Buy Local Packet. Review the full document from Cedar Rapids Housing Services for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Cedar Rapids, IA. Review the full solicitation for detailed scope requirements.