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The selected firm(s) will be called upon to provide legal services in support of RIHousing’s mortgage revenue bond programs as Bond Counsel and/or Issuer’s Counsel. The selected firm(s) will also be called upon to provide counsel with respect to RIHousing’s mortgage credit certificate program. Detailed information regarding RIHousing’s single-family and multi-family mortgage revenue bond programs is available on RIHousing’s investor relations website, https://www.rihousingbonds.com, and EMMA.
The selected firm must have knowledge of, and expertise in, sophisticated financing structures, including direct experience with single-family mortgage revenue bond indentures, tax-exempt and taxable bond financing, tax treatment of variable rate and fixed rate debt of similar scale and size to the financings that comprise RIHousing’s portfolio. The selected firm(s) will be expected to advise with respect to the structuring of transactions, as well as offer tax, compliance, and regulatory guidance with respect to each financing and overall single-family program operations. The selected respondent(s) must have expertise in tax, regulatory and consumer banking areas sufficient to assist in the operation of the single-family mortgage revenue bond and mortgage credit certificate programs.
With respect to multi-family financings, the selected respondent(s) must have direct recent experience with bond transactions involving Section 42 low-income housing tax credits, rental housing bond financings, financings involving both tax-exempt and taxable bonds, federal housing subsidy programs, public bond sales involving original issue premium and discount, tax treatment of acquisition financing, treatment involving long-term management and short-term tax-exempt loans with banks, operating agreements and long-term restrictive covenants and other financing structures. The selected firm(s) must be capable of providing advice with respect to the structuring of transactions, and offer tax, compliance, and regulatory guidance with respect to each financing and overall multi-family program operations.
