Affordable Housing Developer and OperatorApril 22, 2024 The City of Bainbridge Island (“the City”) is issuing a Request for Qualifications (RFQ) from established affordable housing developers capable of developing and operating a 100+ unit mixed use development using Tax-exempt bond financing and the Federal 4% Low Income Housing Tax Credit program (“4% LIHTC”) on City-owned land on Bainbridge Island. The City encourages responses from firms led by those who identify as women or members of traditionally marginalized communities, or who are or could be certified as Minority Business Enterprise/Women Business Enterprise (MBE/WBE), Disadvantaged Business Enterprise (DBE), or Black, Indigenous, People of Color (BIPOC) led Organizations. Background Bainbridge Island City Council has identified affordable housing as a City priority and is committed to expanding the supply of housing on the Island that serves lower income households, particularly families with children, employees of Bainbridge Island business and public agencies, and seniors who might otherwise be displaced from the community. The City-owned parcel at 625 Winslow Way East has been identified as an ideal location for a significant supply of affordable rental housing greatly needed in the community. The City has conducted an initial design and feasibility assessment that supports its expectation that a 100+ unit mixed-use apartment building can be developed on the site. The zoning analysis concluded that a feasible affordable housing project meets current City Municipal Code (Reference 1) height restrictions but will require an increase in Floor Area Ratio (FAR). The Winslow Subarea Plan Update (Reference 2) currently under review contemplates increasing FARs and adjusting parking standards consistent with this scale of development for the site. The City is prepared to commit approximately $3 million of its own housing funding to the project and will cooperate with the selected developer to identify other gap funding sources required to make a 4% LIHTC project feasible. In addition, the City is prepared to invest the value of the land into the project but intends to retain long term control of the land.Project Objectives:An affordable housing development integrating a high level of design, quality construction, and environmental sustainabilityApproximately 100 units or more of rental housing that will be affordable to households with incomes not exceeding 60% of Area Median Income (AMI), financed through the Bonds / 4% LIHTC program of the Washington State Housing Finance Agency (WSHFC).Housing that serves a mix of household sizes, responding to needs for affordable housing on Bainbridge Island that have not been met by market-driven development.Ground-floor non-housing spaces that contributes positively to the pedestrian environment and economic vibrancy of the area.Long range commitment to maintain and operate the affordable housing to a standard that contributes positively to the community.A land lease, covenant or mechanism that ensures that the City of Bainbridge Island retains long-term control of the underlying land. Supplemental information on the property and project may be issued by the City and posted on the website as a supplement to this RFQ. Request for QualificationAs the first stage of a developer selection process, the City is issuing this Request for Qualifications from housing developers with demonstrated purpose, experience, longevity and financial capacity to enter into an agreement with the City of Bainbridge Island to redevelop the 625 Winslow Way E parcel consistent with the Project Objectives, and who express a compelling vision for the project.Based on its review of the responses to the RFQ, at Council’s direction, the City may request additional information, references and/or concept information from some or all RFQ respondents. The City may alternatively or additionally conduct interviews with RFQ respondents before selecting a firm with which to negotiate a development agreement. SubmittalsPlease address the following information in your submittal. Brevity is appreciated. The City may request supplemental information from respondents during review of the RFQ responses. About the Housing Development FirmStructure, leadership, and mission or focusOperational scale of organizationHistory doing 4% LIHTC developmentsExperience of in-house development teamProperty management team and approach with respect to 4% LIHTC propertiesCapacity to pursue the development on the envisioned timeline 4% LIHTC projects developed in Washington State since 2015LocationProject image(s)ScaleUnit types and affordability levelsNon-housing components and their financing sourcesAny development partnership involvedTotal Development Cost and financing sourcesPlaced-in-Service date Development pipeline projects (projects in predevelopment or currently under construction)Provide the same information as above but include a financing and development timeline. Project StatementSuccinctly address your interest in the development with reference to these topics:What is your vision for the optimal affordable housing project on this site?What do you see as particular opportunities and challenges for this project?What will be needed to successfully secure Tax-exempt bond / 4% LIHTC financing for this project?What would be your recommended time frame for development of the site? Submit your Statement of Qualification and Interest by 4:00 PM PST on May 24, 2024. Responses should be sent via email under the subject “Affordable Housing Developer and Operator RFQ” to lshear@bainbridgewa.gov (). Submittals must be received by the deadline. Submittals received after the deadline will not be considered.Email is the preferred method, but responses may also be mailed or dropped off at City Hall (Monday – Friday, from 8:00 AM to 4:00 PM). Print copies should be double-sided, with no cover or binding.City Hall280 Madison Ave NBainbridge Island, WA 98110Attention: Laura Shear, Affordable Housing Development Partner RFQ Anticipated Selection Timeline April 22, 2024City issues RFQMay 24, 2024Deadline for applicants to submit RFQJune, 2024Option to InterviewJuly/Aug., 2024 Present recommendation to City Council for approval; enter into exclusive negotiations with preferred developer3Q 2024Due diligence period for Affordable Housing Developer4Q 2024Execution of Development Agreement with schedule Review and Selection ProcessEvaluation will be based on a combination of quantitative and qualitative criteria. The criteria used as a guideline in the evaluation will include, but not be limited to, the following:Demonstrated experience and capacity of the Developer to successfully execute 100+ unit affordable housing development projects using the 4% LIHTC program in Washington State. Demonstrated long-range success operating comparable affordable workforce housing communities elsewhere in the region. Organizational and financial capacity to develop the project on the targeted timeline.A concept for the development that responds to the City of Bainbridge Island’s stated Project Objectives in a compelling way. Terms and Conditions Questions regarding this RFP or the submittal process should be made in writing under the subject “Affordable Housing Developer and Operator RFQ” and directed to the Management Analyst, Laura Shear, at lshear@bainbridgewa.gov (). Questions and Answers will be posted and made available to all applicants.Selected applicants may be required to obtain a City of Bainbridge Island Business License and demonstrate compliance with the City’s insurance requirements. The City reserves the right not to select any of the applicants and the right to select an individual or firm not from this application process. The City further reserves the right to waive irregularities and informalities in this process. This RFQ does not obligate the City to pay any cost incurred by applicants in responding to this RFQ. All such costs shall be borne solely by each applicant. Furthermore, this RFQ does not obligate the City to enter into a contract with any applicant responding to this RFQ. The City intends to enter into a period of exclusive negotiation with the selected respondent. In the event that the City and the selected respondent cannot negotiate a mutually agreeable development agreement during the period of exclusive negotiation, the City reserves the right to terminate negotiations with that respondent and begin negotiations with another respondent. Americans with Disabilities Act (ADA) Information The City of Bainbridge Island in accordance with Section 504 of the Rehabilitation Act (Section 504) and the Americans with Disabilities Act (ADA), commits to nondiscrimination on the basis of disability, in all its programs and activities. This material can be made available in an alternate format by emailing cityclerk@bainbridgewa.gov (https://www.bainbridgewa.gov/bids.aspx?bidID=117)or by calling collect 206.842.2545. Title VI Notice The City of Bainbridge Island in accordance with Title VI of the Civil Rights Act of 1964, 78 Stat. 252, 42 U.S.C. 2000d to 2000d-4 and Title 49, Code of Federal Regulations, Department of Transportation, subtitle A, Office of the Secretary, Part 21, nondiscrimination in federally assisted programs of the Department of Transportation issued pursuant to such Act, hereby notifies all bidders that it will affirmatively ensure that in any contract entered into pursuant to this advertisement, disadvantaged business enterprises as defined at 49 CRF Part 26 will be afforded full opportunity to submit bids in response to this invitation and will not be discriminated against on the grounds of race, color, national origin or sex in consideration for an award. Publication Date/Time: 4/22/2024 1:35 PM Closing Date/Time: 5/24/2024 4:00 PM Related Documents: Affordable Housing Developer and Operator RFQ (https://bainbridgewa.gov/DocumentCenter/View/18482)Affordable Housing RFQ Supplemental Information 4-26-24 (https://bainbridgewa.gov/DocumentCenter/View/18514) 625 Winslow Way Title Report 2023 (https://bainbridgewa.gov/DocumentCenter/View/18515)Affordable Housing RFQ Supplemental Information 5-6-24 (https://bainbridgewa.gov/DocumentCenter/View/18529) City of Bainbridge Island Housing Action Plan Approved 062723 (https://bainbridgewa.gov/DocumentCenter/View/18530) BICoC - Housing Action Plan Is Critical Element To Address Decades-Old Bainbridge Issue (https://bainbridgewa.gov/DocumentCenter/View/18531) Return To Main Bid Postings Page (https://bainbridgewa.gov/bids.aspx)

Submit the Statement of Qualification and Interest by 4:00 PM PST on May 24, 2024. Provide information including About the Housing Development Firm (structure, leadership, and mission or focus; operational scale of organization; history doing 4% LIHTC developments; experience of in-house development team; property management team and approach with respect to 4% LIHTC properties; capacity to pursue the development on the envisioned timeline; 4% LIHTC projects developed in Washington State since 2015; Location; Project image(s); Scale; Unit types and affordability levels; Non-housing components and their financing sources; Any development partnership involved; Total Development Cost and financing sources; Placed-in-Service date; Development pipeline projects (projects in predevelopment or currently under construction). Provide the same information as above but include a financing and development timeline. Project Statement: succinctly address your interest in the development with topics including vision for the site, opportunities and challenges, what will be needed to secure financing, and recommended development time frame.

The City encourages responses from firms led by women or members of traditionally marginalized communities, or who could be MBEs/WBEs, DBEs, or BIPOC-led organizations.