Equity Investors Westlawn Renaissance V

The Housing Authority of the City of Milwaukee (HACM) issued an RFP seeking equity investors for the Westlawn Renaissance V affordable‑housing project. The solicitation calls for a limited‑liability partnership structure, staged equity “pay‑in” milestones (closing, construction completion, stabilization, final tax‑document issuance), and optionally construction financing. Respondents must submit an investor profile, experience with HUD Rental Assistance Demonstration (RAD) conversions, LIHTC projects, and required insurance and EBE documentation. Evaluation will weight pricing (50 %), guarantees (20 %), experience (20 %), loan‑collaboration ability (5 %), and willingness to sponsor Affordable Housing Program credits (5 %). • Project: 44 low‑income units (mixed 1‑ and 2‑bedroom) in Milwaukee, WI, part of a larger $190 M redevelopment. • Funding: Federal 9 % Low‑Income Housing Tax Credits ($930,677 annual credit) plus private equity; total project cost ≈ $15 M. • Timeline: Clarifications due 9/28/21; submission deadline 10/11/21 2 PM CST; equity capital staged through 2024; final completion/lease‑up expected by mid‑2023.