RFP for Strategic Capital Analysis

Housing Finance Authority (the “Authority” or “CHFA”) was created in 1969 by the State Legislature, as a public instrumentality and political subdivision of the State of Connecticut for the purpose of increasing the supply of and encouraging and assisting in the purchase, development, and construction of housing for low and moderate income families and persons throughout the State. CHFA’s stated mission is to help alleviate the shortage of affordable housing for low and moderate income families and persons in Connecticut, and when appropriate, to promote or maintain the economic development of the State through employer-assisted housing. II. Proposed Scope of Services (the “Services”) The Authority is issuing this Request for Proposals (the “RFP”) for Strategic Capital Analysis from qualified municipal advisory firms (the “Firms”) to perform certain financial quantitative functions as described below in connection with the origination of multifamily loans, purchase of single family

loans, allocation of low-income housing tax credits, issuance or placement of various series of single family and multifamily bonds, debt, certificate or instrument, purchase and sale of securities and derivatives including but not limited to, mortgage-backed securities and swaps. The proposed engagement will be for one Strategic Capital Analysis, provided however, the Authority may extend the engagement so long as it complies with all applicable laws and regulations, including, without limitation, Section 8-249(c)(4) of the Connecticut General Statute and Section I(D) of the CHFA Procedures. Strategic Capital Analysis should include, but not be limited to: (1) Review of the current consolidated cash flow management for the Authority’s bond programs. (2) Review of the Authority’s most recent operating budget, financing plan and lendable programs. (3) Analyze and produce reports on the relationship and the impact between assets and liabilities, incomes and expenses based on various operating scenarios. (4) Analyze and produce reports on the Authority’s financial capacity to sustain near- term and mid-term operating scenarios. 2 (5) Provide feedback, advice and recommendation on options to achieve sustainable financial or operating capacity that may include alternative capital sources. (6) Provide strategic ideas on what the Authority should consider for it to remain relevant in promoting and providing single family and multifamily affordable housing. Since its inception, the Authority has issued over $19 billion of tax exempt and taxable bonds of which proceeds from the bonds were used to purchase single family loans and make multifamily loans. Over the next three years, the Authority expects to issue $1 billion to $2 billion of Housing Mortgage Finance Program Bonds and $10 million to $20 million of Special Needs Housing Mortgage Finance Program Special Obligation Bonds. As of December 31, 2018, the Authority has approximately $4.6 billion of debt outstanding. For more information, including the Authority’s 2018 audited financial statements or recent Authority Official Statements, please visit www.chfa.org or www.emma.msrb.org. This engagement will begin as soon as the contract is awarded. III. Evaluation Criteria Firms will generally be evaluated on the basis of their response to this RFP, additional written information requested by CHFA, face to face and oral interviews, if any, and reference checks against the following criteria: a. Reputation and experience of the Firm b. Responsiveness to CHFA’s needs c. Experience with other States’ HFA financing programs d. Qualifications of personnel assigned to the engagement e. Competitiveness of proposed cost f. Commitment to Connecticut IV. Requested Information Each respondent to the RFP must provide the following informatio