The vendor is required to provide that property management services of authority-owned or operated property, as needed.
-Property Management services that may be requested from the company selected include, but are not limited to: residential and/or commercial leases and leasing alternatives; operating and reserve budget preparation; application, occupancy, waiting list, rules and operating policy alternatives; participation of the partnership in community owner’s association and any other management issues; and capital project management..
-The bond financed properties only have a small degree of affordability compliance, and generally do not need to follow any strict reporting requirements.
-Reserve budget preparation; application, occupancy, waiting list, rules and operating policy alternatives; participation of the partnership    p in community owner’s association and any other management issues; and capital project management.
-Serve low-income people in 33 cities—not including settle unincorporated areas of king county.
-Own and manage more than 3,300 units of federally funded housing for families, the elderly, and people with disabilities
-An additional 5,404 units of low- and moderate-income housing are financed through tax credits or tax-exempt bonds.
-Partnerships with communities and nonprofits, agency housing and supportive services combine to reach more than 48,000 people who earn less than the county median income.  
-Third-party property management companies are agency for two main portfolio types: bond financed properties, which are wholly owned by agency and managed in a similar manner as conventional multifamily; and tax-credit properties, which are owned by partnerships and managed with strict adherence to tenant-income compliance guidelines.
-The complexity of agency holdings, a property management company may be expected to have
experience in more than one of the following:
•Management of conventional multi-family properties in sound region, state.
•Management of affordable multi-family properties in sound region, state, of
a percentage of the residents must be income qualified at less than or equal to 80%
•Management of properties in region, state, governed by low income
tax credit program policies.
•Management of project-based
•Tax credit properties and project-based properties currently under management
contracts with at least one property combining both programs.
•Ability to certify residents in a timely manner consistent with requirements and
low-income housing tax credit program policies.
•Ability to achieve 100% lease-up under tight schedule
Experience in affordable housing management with complicated financial structure.
•Ability to produce accurate financial reports in a timely manner.
•Experience in non-routine and routine maintenance project management and oversight,
including ability to interpret scopes of work.
•Ability to complete initial income certifications consistent with low-income housing tax
credit program policies under a tight schedule.
•Knowledge and experience working with multiple funding restrictions and regulatory
agencies within a single project.
•Knowledge of evergreen sustainable development standards.
•Knowledge and experience of working with housing choice voucher program.
•Demonstration of strong marketing ability and low vacancy rate for current properties under
firm’s management.
•Ability to complete non routine and capital projects, and ability to turn over units in a timely
manner.
- Contract Period/Term: 3 years