Housing Authority of the County of Kern RFP Lender for Construction and Permanent Loans for Terra Vista RAD 2026
Housing Authority of the county of KernLocal Housing Authority · Bakersfield, CA- Due
- Dec 3, 2026
- 19 days left
- Posted
- Nov 3, 2026
- Contract term
- 17 years
- Primary contact
- Jotveer Khangura
- (661) 631-8500 ext 1213
The 30-second brief
The Housing Authority of the County of Kern is seeking proposals from qualified lenders to provide both construction and permanent loans for Terra Vista RAD, a 35-home affordable housing rehabilitation development located at 300 Terra Vista Ln, Shafter, California. The project requires $13,825,646 in construction financing, consisting of bank construction loans, seller carryback loan, RAD loan, tax credit equity, and deferred costs, along with a $3,000,000 permanent loan with a 40-year amortization and minimum 17-year term. Proposals are due by December 3, 2026, at 4:00 p.m. via email to [email protected]. Evaluation criteria include loan rate and fees, guarantees required, additional reserve requirements, and lender experience, reputation, and references.
Loan rate and fees, Guarantees required, Additional reserve requirements, Lender experience/reputation/references
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Summary
The Housing Authority of the County of Kern is seeking proposals from qualified lenders to provide both construction and permanent loans for Terra Vista RAD, a 35-home affordable housing rehabilitation development located at 300 Terra Vista Ln, Shafter, California.
The project requires $13,825,646 in construction financing, consisting of bank construction loans, seller carryback loan, RAD loan, tax credit equity, and deferred costs, along with a $3,000,000 permanent loan with a 40-year amortization and minimum 17-year term. Proposals are due by December 3, 2026, at 4:00 p.m. via email to [email protected]. Evaluation criteria include loan rate and fees, guarantees required, additional reserve requirements, and lender experience, reputation, and references.
EVALUATION CRITERIA
4- Loan rate and fees
- Guarantees required
- Additional reserve requirements
- Lender experience/reputation/references
- Submit to
- [email protected]
- Duration
- 204 months
- Scope location
- Shafter, CA
- Reported agency
- Housing Authority of the County of Kern
Questions about this RFP
How do I respond to this RFP from Housing Authority of the county of Kern?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is December 3, 2026. Submissions should be delivered to: [email protected]. For questions, contact Jotveer Khangura.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Housing Authority of the county of Kern in CA, 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 Jotveer Khangura at (661) 631-8500 ext 1213. Questions and answers are typically shared with all prospective bidders.
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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: "Loan rate and fees, Guarantees required, Additional reserve requirements, Lender experience/reputation/references" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Housing Authority of the county of Kern?
All active and historical solicitations from Housing Authority of the county of Kern are tracked and searchable. As a local housing authority agency, Housing Authority of the county of Kern 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 17 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of December 3, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
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. Review the full document from Housing Authority of the county of Kern for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Shafter, CA. Review the full solicitation for detailed scope requirements.
