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Housing Authority of the City of Milwaukee·Wisconsin

PBV - Project Based Voucher

Closes 10/4/2021$5M – $15MRequest for Proposal
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Description

The Housing Authority of the City of Milwaukee (HACM) is seeking property owners or developers to attach up to 250 federal Project‑Based Vouchers (PBVs) to new‑construction, rehabilitated, or adaptive‑reuse residential housing within the Near West Side and other CNI‑eligible census tracts. Applicants must submit a complete RFP package that includes detailed project descriptions, unit mixes, rent schedules, financing plans, and compliance certifications (HUD, Section 3, debarment, etc.). The award will result in a Housing Assistance Payment (HAP) contract lasting up to 20 years, with the requirement to commence construction within 12 months of award and to close any associated tax‑exempt bond deals within 120 days. Evaluation will be based on a 128‑point rubric covering experience, alignment with the NWSP Housing Plan, mixed‑income provision, energy efficiency, supportive‑housing features, universal design, readiness, and PBV leverage.

Attached files

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Contact

Kent Britton(Primary RFP Contact)

[email protected]

(414) 286-5863

Key dates

Opened
8/25/2021
Questions due
9/17/2021
Closes
10/4/2021
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531311
Solicitation №
58009-B

Budget estimate

$5,000,000 – $15,000,000

No explicit contract value is disclosed. Based on the maximum of 250 vouchers and 2021 Fair Market Rent caps (approximately $800–$1,300 per unit depending on bedroom size), annual rental assistance payments could range from $2 million to $4 million. Over a 20‑year HAP contract, total program payments could approach $40 million–$80 million, implying a developer contract value in the low‑to‑mid‑tens‑of‑millions range. Therefore a reasonable earnings estimate for a successful bidder is between $5 million and $15 million for the full contract term, accounting for construction costs, financing, and profit margins.

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