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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 1 Developer Request for Proposal (RFP): FALL 2016 Renew Woodlawn Homeownership Program Renew Woodlawn is a collaborative effort between Preservation of Affordable Housing (POAH), Neighborhood Housing Services (NHS), and Community Investment Corporation (CIC)/Community Initiatives Inc. (CII) to facilitate the acquisition and redevelopment of 1-4 unit vacant properties for new homeowners in the Chicago Woodlawn Community Area. Successful proposals will advance the goals of the Renew Woodlawn Homeownership Program as a part of the HUD Choice Neighborhood’s Grant with Preservation of Affordable Housing, City of Chicago Department of Planning and Development and its partners, NHS and CIC. RFP: The Renew Woodlawn Homeownership Program is for the sole purpose of providing quality, newly rehabbed homes to qualified owner-occupants. The purpose of the RFP is to find local 1-4 unit developers interested in developing owner occupied homes in the Woodlawn community area. This RFP will facilitate the selection of developers with the experience and capacity necessary to successfully develop 1-4 unit parcels within the community. The Renew Woodlawn Homeownership Program is focused on stabilizing the housing stock and improving overall neighborhood conditions. CII has in its possession, a number of 1-4 unit vacant properties, which will provide a pipeline for the Renew Woodlawn homeownership program. Developer’s selected through the RFP, acquire the property from CII, and provide a scope of work for the rehabilitation of the property for homeownership purposes. The developer’s obligations are the development of 1-4 unit properties, construction and sale of those units to qualified homeowners, and the execution of activities (i.e. plans, permits, financing) that are normally a part of a development process. Renew Woodlawn’s RFP seeks developers with strong experience in affordable housing development for 1-4 unit properties, and a familiarity with the Woodlawn, and overall south side community area. While it is the program’s preference to identify developers with the financial capacity to provide proposals for clusters of 2-3 properties within areas of Woodlawn, in order to ensure an equitable process, respondents may provide proposals for one or more properties.

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Page 1: Developer Request for Proposal (RFP): FALL 2016 · Developer Request for Proposal (RFP): FALL 2016 Renew Woodlawn Homeownership Program Renew Woodlawn is a collaborative effort between

RENEW WOODLAWN DEVELOPER RFP: FALL 2016 1

Developer Request for Proposal (RFP): FALL 2016

Renew Woodlawn Homeownership Program

Renew Woodlawn is a collaborative effort between Preservation of Affordable Housing (POAH),

Neighborhood Housing Services (NHS), and Community Investment Corporation (CIC)/Community

Initiatives Inc. (CII) to facilitate the acquisition and redevelopment of 1-4 unit vacant properties for new

homeowners in the Chicago Woodlawn Community Area.

Successful proposals will advance the goals of the Renew Woodlawn Homeownership Program as a part

of the HUD Choice Neighborhood’s Grant with Preservation of Affordable Housing, City of Chicago

Department of Planning and Development and its partners, NHS and CIC.

RFP:

The Renew Woodlawn Homeownership Program is for the sole purpose of providing quality, newly

rehabbed homes to qualified owner-occupants. The purpose of the RFP is to find local 1-4 unit developers

interested in developing owner occupied homes in the Woodlawn community area. This RFP will facilitate

the selection of developers with the experience and capacity necessary to successfully develop 1-4 unit

parcels within the community. The Renew Woodlawn Homeownership Program is focused on stabilizing

the housing stock and improving overall neighborhood conditions.

CII has in its possession, a number of 1-4 unit vacant properties, which will provide a pipeline for the

Renew Woodlawn homeownership program. Developer’s selected through the RFP, acquire the

property from CII, and provide a scope of work for the rehabilitation of the property for homeownership

purposes.

The developer’s obligations are the development of 1-4 unit properties, construction and sale of those

units to qualified homeowners, and the execution of activities (i.e. plans, permits, financing) that are

normally a part of a development process.

Renew Woodlawn’s RFP seeks developers with strong experience in affordable housing development for

1-4 unit properties, and a familiarity with the Woodlawn, and overall south side community area. While

it is the program’s preference to identify developers with the financial capacity to provide proposals for

clusters of 2-3 properties within areas of Woodlawn, in order to ensure an equitable process,

respondents may provide proposals for one or more properties.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 2

Marketing Efforts:

As a part of the Renew Woodlawn program, approved developer proposals will also receive additional

support from NHS and CIC, for marketing to homeowners. This will include Renew Woodlawn property

signage, and a homeownership focused marketing plan to assist developers with identifying qualified

purchasers for the Renew Woodlawn Homeownership Program.

The marketing communications plan will feature a mix of strategies that include community and special

events, open houses, paid advertising, direct mail, media placements and exposure, and strategically

designed collateral that will support the partners’ grassroots efforts to execute the plan.

The marketing activities are presented to positively build on current efforts in Woodlawn and utilize

existing partnerships to reach target audiences identified in the plan within a pre-determined period of

time.

Homeownership Component:

Developers selected for the Renew Woodlawn Program are required to sell to owner occupants.

Financial assistance is available for homebuyers at or below 120% of AMI. Homebuyers who receive this

assistance must agree to a 20-year deed restriction for owners and tenants. The deed restriction

requires that any future owners or tenants be at or below 120% AMI for a period of 20 years. The

homeownership subsidy program is provided by NHS. A supplemental grant subsidy chart is outlined in

Attachment E.

Rehabilitation:

All work to be completed under this RFP must be performed in accordance with design standards

outlined in Attachment A. In addition, developers must adhere to all applicable state and local laws,

codes, zoning, and other requirements related to construction, permitting, rehabilitation, housing

safety, quality, and habitability.

All rehabilitated Renew Woodlawn projects must meet local codes and zoning ordinances. Plans should

be of good design that will enhance the quality of life for Woodlawn residents. All rehabilitated projects

must address the exterior masonry/siding, and front facade of the property in order to enhance the

overall beautification of the property and surrounding streetscape.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 3

Developer RFP Program Threshold Requirements:

- A developer must have a minimum of four (4) years of experience in the redevelopment of 1 - 4

unit, for sale properties.

- A developer must have owned, financed and developed at least three 1-4 unit residential

developments in the past two years.

- A developer must have proof of financial capacity to undertake the project(s) submitted for their

RFP.

- A developer must demonstrate the capacity to meet the overall deadline for the rehab of the

subject property by submitting a development schedule, taking into consideration, acquisition,

permitting, rehabilitation, marketing, and sale of the 1 – 4-unit property.

Developer RFP Considerations:

- The selected developers will propose and carry out a rehabilitation scope of work sufficient to

bring the units up to existing “market” standards.

It’s a possibility that some properties offered through the Developer RFP may be pulled out due

to unforeseen issues

- Please note that this is a competitive process to acquire and rehab properties for the purposes

of homeownership within the Woodlawn Community Area. Please put forth your best proposal

and purchase price for these properties.

Selection Process Overview and Selection Criteria:

Eligible proposals will be evaluated by the Renew Woodlawn RFP Committee comprised of CIC, POAH,

and NHS staff. The committee will evaluate the merits of each proposal based upon the acquisition

price, applicant capacity, completeness of scope of work, and rehabilitation cost estimates, existing or

neighboring developments within the Woodlawn area, community neighborhood impact/involvement,

and timeline for completion of redevelopment project.

We expect all components to be accurate and complete. However, additional weight will be given to

proposals that have comprehensive community engagement and impact plans.

Once a successful developer is selected, CII will schedule a closing with the developer in order to convey

the property into their name. For the purposes of developing under the Renew Woodlawn

Homeownership Program, a deed restriction will be recorded to ensure the aforementioned

development threshold requirements are met. Please see a copy of the deed restrictions outlined in

Attachment B.

CII’s target date for all RFP selections will be no later than Wednesday, November 30, 2016.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 4

- If awarded, a developer must meet the following requirements: A developer must agree to a

Deed Restriction, which will lay out the terms of the development.

- A developer must have the ability to close within 45 days and the closing cannot be contingent

on financing.

• Note: If a developer is using cash for purchase of rehab, the full amount must be

deposited as construction escrow at closing.

- A developer may be required to obtain a Residential Real Estate Developer License.

- A developer must provide proof of funds and/or financing commitments.

- A developer must provide proof of insurance per the standards indicated below:

• Developer must carry property insurance for the value of the building and builders’ risk

coverage for the rehabilitation of the project.

• General Liability Coverage of $1,000,000 per occurrence and $2,000,000 aggregate

• CII must be shown as additional insured and loss payee. Special Condition: The insurer

must indicate on the Certificate of Insurance that it agrees to defend, indemnify and

hold harmless CIC/CII, its agents, servants and administrators from any and all

complaints arising out of work or duties performed under this RFP.

- The rehabilitation work performed must be within the scope of the permit issues for the

premises.

- A developer shall not have (individually or through any corporate entity, corporation,

partnership, limited partnership, or LLC) any outstanding debts currently due and owing to the

City of Chicago.

A developer shall not have (individually or through any corporate entity, corporation,

partnership, limited partnership, or LLC), any interest in any property listed on the City of

Chicago’s problem landlord list, or scofflaw list (found on the Department of Building’s website).

Renew Woodlawn RFP Properties: Fall 2016

Property Address Unit Count

6426 S. St. Lawrence 1

6442 S Langley 2

6754 S Champlain 2

6038 S Champlain 1

6224 S St. Lawrence 3

6546 S Evans 2

OPEN HOUSE DATES: ALL PROPERTIES

All properties offered under this RFP will be open for inspection to developers at the following times:

Tuesday, November 8, 2016 from 8 a.m. – 12 noon.

Thursday, November 10, 2016 from 8 a.m. – 12 noon.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 5

6038 S Champlain SFH

Renew Woodlawn RFP Properties: Fall 2016

*viewable from exterior only

*6546 S Evans – Two Units

6224 S ST Lawrence ST – Three Units

6426 S ST Lawrence - SFH

6754 S Champlain – Two Units 6442 S Langley – Two Units

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 6

RFP OUTLINE

Applicants must submit the following documents:

� Brief narrative stating interest in program, development capacity and ability to incorporate the

community into their project

� List of 1-4 unit residential developments financed and developed in the past two years including

complete address, total development costs, and current status.

� For the two most recent development projects, please provide a development schedule to

include the acquisition, permitting, rehab, marketing and sales information, and before and

after pictures.

� Corporate/organizational profile, biographies/resumes of key principals, and list of previous

development projects.

� Proof of financial capacity. Acceptable forms can include lines of credit, cash or construction

loan preapproval.

� A completed PFS statement (Please see attachment D)

The Applicant should provide the following items for each property requested:

� Offer/purchase price

� Scope of work and construction cost estimates

� Development proforma

� Rough schedule for acquisition, permitting, construction, marketing, and sale

� Outline of marketing plan for sale to owner occupant

� Estimate of after rehab sale price supported by market comparables

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 7

RFP SUBMISSION REQUIREMENTS

One (1) hard copy of the proposal can be mailed or delivered to:

Renew Woodlawn RFP

Community Investment Corporation

222 S Riverside Plaza

Suite 2200

Chicago, IL 60606

Electronic versions are acceptable, and should be emailed to: [email protected]

A confirmation email will be sent to confirm receipt of all electronic RFP packets. It is the responsibility

of the developer to ensure the RFP has been received.

Due Date: Reponses shall be received on or before Monday, November 21, 2016

Responses received after this time will not be accepted.

For questions, please contact: Jamila Danzy, 312.258.0070

[email protected]

For additional Renew Woodlawn Homeownership Program information, please visit:

http://www.nhschicago.org/wl-rfp

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 8

WOODLAWN COMMUNITY AREA BOUNDARIES

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 9

ATTACHMENT A: DESIGN STANDARDS

GENERAL

These standards are intended to guide the respondent in developing the scope of work needed for the

Renew Woodlawn Homeownership Program. The standards are written for a single family cottage or

bungalow style house. When applying the standards to multifamily buildings, consider the standards for

a single home as applying to each unit in the building, as well as to the building as a whole.

SITE

LANDSCAPING: Trees to be trimmed so as to have no branches closer than 3’ to any roof. Shrubs to be

pruned to neat, clean look; front lawns to be resodded to leave no bare spots, rear lawns to be cleaned,

raked and re-seeded. Shrubs are to be added to the front yard as needed to create curb appeal.

GARAGE/OFF STREET PARKING: It is recommended that site plans provide at least one off-street

parking space per unit. This space may be provided by a garage, per the standards listed below or a

concrete pad that is separated by an alley. A garage must have sound, leak-free roof, operable

overhead door, service door, roof vents, a vented window and scraped and painted siding and trim

(tuckpoint as necessary, if brick). If more is needed, the garage should be demolished and a 5’ chain

link fence with double parking gate and pedestrian gate should be installed to access concrete pad to

provide secure off-street parking.

FENCES: Repair existing fences where possible. If fences are deemed to be beyond repair, new fence to

be installed to close front and rear yards.

CONCRETE WALKS: To be free of cracks having vertical displacement greater than ½”. If possible,

selectively replace sections to achieve crack-free condition. All walks to slope away from the house.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 10

EXTERIOR

EXTERIOR: All rehabilitated Renew Woodlawn projects must meet local codes and zoning ordinances.

Plans should be of good design that will enhance the quality of life for Woodlawn residents. All

rehabilitated projects must address the exterior masonry/siding and or front façade of the property in

order to enhance the overall beautification of the property and surrounding streetscape.

ROOF: Free of leaks. No roll roofing on enclosed, heated space. Gutter and downspout to be leak-free,

rust-free condition: with downspouts discharging a minimum of 3’ from the building onto concrete

splash blocks to divert water from the foundation. Soffits and fascia to be repaired (replace rotted

sections) and painted. Flat roofs are to be inspected with special attention to the condition of coping

tiles, and parapet walls. All roofs not being redone are to be inspected and certified by a licensed

roofing contractor. It is expected that roofing materials should have a life expectancy of 10 years.

WALLS: Frame building to have exterior siding and trim in good condition. Existing wood siding and trim

to be scraped and painted or covered with new siding after replacing all rotted/missing sections. Brick

buildings to be tuck-pointed as needed. Lintels are to be replaced as needed. Any graffiti to be

removed.

WINDOWS: If existing windows are to be kept, they are to be repaired to fully operable, free of

broken/cracked glazing, and lockable; exterior frames and sashes to be painted with exterior quality

semi-gloss latex. New aluminum triple-track storm windows to be installed when existing windows are

irreparable. If windows are replaced, new double glazed thermo-pane are to be used. Basement

windows to be repaired, painted, and have security bars installed or replaced with vented glass block

units.

DOORS: If existing doors are to be kept, they are to be repaired to fully operable, weather-stripped and

have new single cylinder deadbolt and entry locksets installed (keyed alike). Front and rear replacement

doors should be solid core wood or insulated steel units, pre-hung and fully weather-stripped, with

single cylinder deadbolt and entry locksets (keyed alike). Front doors must have decorative light

windows. If decorative light windows are not provided at the rear door, it should be flush with peep

sight. Exterior basement doors to be solid core wood, or insulated steel doors, fully weather-stripped

with single cylinder deadbolt and entry lockset (keyed alike) and painted or stained on all 6 sides.

PORCHES: Existing wood porches to be retained are to be repaired to sound condition, scraped, or

painted or stained. New wood porches to be built of pressure treated lumber and twice coated with

water seal. Concrete porches to be in sound, crack free condition: Patch where necessary or replace.

Scrape and paint metal rails with rust inhibiting primer and paint.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 11

INTERIOR

INTERIOR: In addition to utilizing quality, and durable materials throughout the property, developers

must provide basic system upgrades, as necessary, to include plumbing, electrical upgrades and HVAC

that are high quality, easy to maintain, and affordable for the end user. It is expected that all major

systems should provide a life expectancy of 10 years.

WALLS/CEILINGS: To be patched to achieve smooth, sound condition. Primed and painted with 2 finish

coats of satin latex.

TRIMWORK: Replace missing sections with new millwork of same profile as existing. If existing trim

work is stained, clean and apply fresh coat of clear finish, otherwise paint with room. New vinyl base in

kitchens and baths where necessary. All windows to be supplied with horizontal blinds to completely

cover all window openings from the interior.

DOORS: All interior doors to be fully operable. Bath doors to have privacy locksets. Doors to be

finished with paint or stain on all 6 sides.

CLOSET: All interior closets should have, at a minimum a rod and one shelf.

KITCHEN: All kitchens to have at least 6’ of base and wall cabinets with stainless steel double bowl sink

(minimum 8” depth), and single handle faucet.

BATHROOMS: All main baths to have toilet, vanity with sink and faucet, medicine cabinet with mirror,

tub sound finish, showerhead, ceramic tile tub surround, and accessory package (toilet seat, 24” towel

bars, toilet paper dispenser, soap dish, toothbrush holder and shower rod). Standard is at least one

bath for every three bedrooms.

FLOORING: Typically carpet bedroom areas; ceramic tile in kitchens and entryways/foyers, and baths

(when budget allows). Hardwood floor may be finished if in good condition. Regardless of floor finish,

all floors should be repaired as necessary to provide a solid and level surface free of tripping hazards

prior to finish installation.

ATTICS: When budget and existing structure, fenestration and stair access allows, some finishing work

may be done to add bedroom space; all other standards for interior work will apply to new attic work.

BASEMENTS: Replacement of all damaged joists, posts and beams. Other work, such as partition

removal for nonbearing and damaged walls. Patching of wall/floor cracks and structural repairs as

dictated by conditions to meet standard set for exterior concrete walks. Basement floors to have floor

drains appropriate for the appliances and uses in the space.

CRAWL SPACES: Repair all leaks. Seal all exterior openings. Provide interior access (minimum 3’ wide in

one direction) for repair with trap door into heated area. Provide 6 mil polyethylene vapor barrier over

entire crawl, lapped 6” at seams, and covered by minimum of 1” of rounded pea gravel.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 12

MECHANICAL SYSTEMS

PLUMBING: All drains are to be rodded, catch basin and grease traps to be cleaned. Water supply lines

and gas lines to be inspected by a licensed plumber, with repair made to achieve a leak free, code

compliant system. Replace galvanized water piping when possible. Clean and tune existing hot water

heater. New 40-gallon hot water heater to be installed if not existing. Water heaters should have at

minimum 2-year guarantee. Laundry tub and washer/dryer hook-up to be installed if not existing.

System not being worked on to be certified by a licensed plumber. All plumbing/water heater systems

should provide a life expectancy of at least 10 years.

HEATING/COOLING: Clean and tune existing heating plant and distribution systems where possible. If

replacement is necessary, install new heating unit with a minimum AFUE of 90%. If venting into an

existing chimney, install a liner, properly flashed and connected. System to comply with all applicable

codes and be certified by a licensed heating contractor. All systems to be, at minimum, A/C ready, with

a recommended controllable AC system. If possible, install central AC in all units. All heating/cooling

systems should provide a life expectancy of at least 10 years.

ELECTRICAL: All single family homes should have a minimum 100 amp service. Properties with 3 or

more units should have a minimum 200 amp service. Distribution, outlets, and fixtures should all be

grounded in compliance with applicable codes. Ground Fault Interrupt Circuits (GFICs) are to be

installed in kitchens, baths, laundries, garages and exterior outlets as required by code. All circuits

should be labeled at the main panel. Doorbell for front and rear to be activated or installed new.

Hardwired smoke detectors with battery back-ups will be installed on each level, including basements.

Plug-in carbon monoxide detectors are to be installed in the area of the heating units. Include

telephone jacks in at least two locations, three, if unit has two levels. Systems not to be worked on are

to be certified by a licensed electrician.

MISCELLANEOUS

HOUSE NUMBERS: New numbers to be installed at front of building, visible from the street and at rear

of the property garage.

MAILBOX/SLOT: A mailbox/slot shall exist or be installed new.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 13

ATTACHMENT B: DEED RESTRICTIONS

SPECIAL WARRANTY DEED

THIS SPECIAL WARRANTY DEED is made this ___ day of __________, _____ by

_____________________________ (“Grantor”), to _____________________ (“Grantee”).

WITNESSETH, that the Grantor, for and in consideration of the sum of Ten and no/100 ($10.00)

Dollars and other good and valuable consideration in hand paid by the Grantee, the receipt whereof is

hereby acknowledged, by these presents does REMISE, RELEASE, ALIEN AND CONVEY unto the Grantee,

its successors and assigns, FOREVER, the real property situated in the City of Chicago, County of Cook and

State of Illinois known and described on the attached Exhibit A (referred to herein as the “Property”),

together with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise

appertaining, and the reversion and reversions, remainder and remainders, rents, issues and profits

thereof, and all the estate, right, title, interest, claim or demand whatsoever, of the Grantor, either in law

or equity, of, in and to the Property, with the hereditaments and appurtenances.

Such conveyance shall be subject to the following:

(a) the standard exceptions in an ALTA title insurance policy;

(b) general real estate taxes and any special assessments or other taxes;

(c) all easements, encroachments, covenants and restrictions of record and not shown of record;

(d) such other title defects as may exist; and

(e) any and all exceptions caused by the acts of Grantee or its agents.

This Deed is made and executed upon, and is subject to certain express conditions and covenants

hereinafter contained, said conditions and covenants being a part of the consideration for the Property

and are to be taken and construed as running with the land for the term set forth below. Grantee and, to

the extent set forth below, each successive owner of the Property shall be bound by such covenants and

conditions, which covenants and conditions are as follows:

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 14

1. Owner Occupancy. When the Property is transferred by the Grantee, the transferee

(the “Owner”) must use the Property as owner-occupied housing. (The Owner must

occupy at least one unit in the Property.)

2. Deed Transfer. The Grantee shall refrain from transferring, conveying, encumbering or

permitting or suffering any transfer, conveyance, assignment, lease, mortgage, pledge

or other encumbrance of the Property or any part thereof without the prior written

approval of Community Initiatives, Inc. (“CII”), to confirm compliance with these Deed

restrictions. In connection with the transfer of a Property to an Owner, the Grantee will

include the deed restrictions set forth in Sections 1-3 of this Deed in its deed to the

Owner, which restrictions will run for the remainder of the five-year term that began

when this Deed was recorded. Any sale by an Owner will require the prior written

approval of Neighborhood Housing Services (“NHS”), to confirm compliance with these

Deed restrictions. If the Grantee is unable to sell to an Owner for a period of not less

than 180 days after the completion of rehabilitation, then the Grantee may rent some

or all of the units in the Property.

3. Term. The term of these covenants and conditions shall remain in effect until

restrictions set forth in sections 1 and 2 are satisfied.

4. Default by the Grantee. This Agreement will survive foreclosure and bankruptcy of the

Grantee. In the event of a breach or threated breach of these covenants or conditions,

CII or NHS may institute proper legal action to enforce performance of such provisions,

to enjoin any actions in violation of such provisions, to recover whatever damages can

be proven, and/or to obtain whatever other relief may be appropriate. In addition, CII

will have the remedies set forth in Section 6 below.

5. Deed Release. These covenants and conditions shall be binding upon the Grantee and

all future successors and assigns for the Property until released by execution of an

appropriate release document by the appropriate entity (approved by CII), or until a

deed to an Owner is recorded for the Property with the restrictions set forth in Sections

1-3 herein.

6. Remedies and Enforceability. In the event of non-compliance by the Grantee, the

Grantee shall pay to CII a fee (“Fee”) of $500.00, per eligible unit, per day for each day

that Grantee is in noncompliance, subject to the right to cure such noncompliance as set

forth below. Grantee shall have sixty (60) days after written notice from the CII to cure

any noncompliance within this Deed. If after Sixty (60) days, the Grantee fails to cure

the noncompliance, the Fee shall be assessed from the first day of noncompliance. In

addition to the foregoing remedy, CII shall have the right to enforce this Deed and in

furtherance thereof institute any action or proceeding at law or in equity against

Grantee. CII shall also be entitled to require reconveyance of the Property to CII (or its

designee) for its “fair market value” (“fair market value” is determined by a third party

appraiser selected by CII, minus the cost of the appraisal) if Grantee has failed to comply

with the commencement or complete deadlines set forth in Section 7 below.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 15

7. Commencement of Construction. The Grantee shall commence construction of its

proposed rehabilitation of the Property (the “Project”) no later than the date that is ___

days after the recording of this Deed and shall complete the Project (as evidenced by

the issuance of the last Partial Certificate of Completion) no later than ___ days

following the date on which it commences construction, except as a result of a force

majeure; provided, however, that if , for reasons outside the Grantee’s reasonable

control, the Grantee requires an extension CII, in its sole discretion may extend the

construction commencement and completion dates by up to 90 days, for good cause

shown by issuing a written extension letter. The Grantee shall give written notice to CII

and NHS within five (5) days after it commences construction. The Grantee shall

construct the Project in accordance with the scope of work delivered to (and approved

by) CII and NHS, all applicable federal, state and local laws, codes and other

requirements (including building codes and zoning), covenants and restrictions of

record, and the Renew Woodlawn Homeownership Program Design Standards (provided

by CII to the Grantee). During the construction period, Grantee will permit CII and NHS

(or their designees) to have access to the Property to inspect the construction work.

8. Certificate of Completion. The Property cannot be occupied until the issuance of a

Certificate of Completion from NHS. As the Property is substantially completed, the

Grantee shall deliver to CII and NHS a Request for a “Certificate of Completion”. The

Request for “Certificate of Completion” must include a copy of the building permit for

the property (if a permit is required by the City of Chicago). Within 15 days after receipt

of a Request for Certificate of Completion, NHS shall deliver to the Grantee either a

Certificate of Completion for the Property or a written statement indicating in adequate

detail how the Grantee’s Request for Certificate of Completion was deficient. The

Grantee shall have thirty (30) days to correct any deficiencies and resubmit a Request

for Certificate of Completion. The Certificate of Completion shall be in recordable form,

and shall, upon recording, release the property identified in the Certificate of

Completion from the completion requirements of this Deed. The Certificate of

Completion shall not, however, constitute evidence that the Grantee has complied with

any laws relating to the construction of the Project, nor shall it serve as any guaranty as

to the quality of the construction.

9. Performance and Breach.

a. Time is of the Essence. Time is of the essence in the Grantee’s performance of its

obligations under this Agreement.

b. Permitted Delays. The Grantee shall not be considered in breach of its obligations under

this agreement in the event of a delay due to unforeseeable causes beyond the

Grantee’s control and without the Grantee’s fault or negligence, including, without

limitations, acts of God, acts of the public enemy, acts of the United States government,

fires, floods, epidemics, quarantine restrictions, strikes, embargoes and unusually

severe weather or delays of subcontractors due to such causes. The time for the

performance of the obligations shall be extended only for the period of the delay and

only if the Grantee requests an extension in writing within 5 days after the beginning of

any such delay.

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 16

ATTACHMENT C: AREA MEDIAN INCOME CHART

Household

Size

Area Median Income Limits

2016

(Effective March 28, 2016)

50% 60% 80% 100% 120% 140%

1 $26,950 $32,340 $43,050 $53,900 $64,680 $75,460

2 $30,800 $36,960 $49,200 $61,600 $73,920 $86,240

3 $34,650 $41,580 $55,350 $69,300 $83,160 $97,020

4 $38,450 $46,140 $61,500 $76,900 $92,280 $107,660

5 $41,550 $49,860 $66,450 $83,100 $99,720 $116,340

6 $44,650 $53,580 $71,350 $89,300 $107,160 $125,020

7 $47,700 $57,240 $76,300 $95,400 $114,480 $133,560

8 $50,800 $60,960 $81,200 $101,600 $121,920 $142,240

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 17

ATTACHMENT D: PFS – PERSONAL FINANCIAL STATEMENT

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 18

ATTACHMENT D: PFS – PERSONAL FINANCIAL STATEMENT P.2

Schedule 5 - VEHICLES, BOATS, MACHINERY, AND EQUIPMENT

YRYR

ACQ

TOTAL

DESCRIPTION

MAKE COSTMARKET

VALUE

LOAN

BALANCE, IF ANYLOAN PAYABLE TO

PAYMENT

AMOUNT

PAYMENT

FREQUENCY

ORIGINAL

TERM (in Mths)MODEL

$0 $0

Schedule 8 - VESTED INTEREST IN PENSION/RETIREMENT ACCOUNTS

TOTAL

Schedule 9 - OTHER LOAN PAYABLES

MARKET

$0

OTHER COMAKERS

ENDORSERS

$15,000

NAME OF LENDER

ORIGINAL

DATE

ORIGINAL

AMOUNT

LOAN

BALANCE

REPAYMENT

TERMS

PAYMENT

AMOUNT COLLATERAL PLEDGED

ACCOUNT TYPE IN NAME OF

Pension

INVESTED WITH VALUE

Harel Insurance $15,000

$0

$0

$0

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 19

ATTACHMENT D: PFS – PERSONAL FINANCIAL STATEMENT P. 3

Name: Date:

Are you indirectly liable for obligations of others?

If yes, list and describe. If the obligation is for a business or if you

need additional space, list and describe on an attachment.

Name of Borrow er

Total Amount Ow ed

Salaries - Yours Lender:

Description

Salaries - Your spouses, if applicable

Name of Borrow er

Bonuses & Commissions Total Amount Ow ed

Lender:

Dividends Description

Interest Total Amount as endorser, comaker, or guarantor.

Net Profits from: Number of Dependents 0 Ages

Are you obligated to pay alimony, child support, or separate maintenance payments?

Rental Property If so, provide details:

Proprietorships

Partnerships Are you a defendant in any suits or legal actions?

If so, describe:

Joint Ventures

Have you ever declared bankruptcy or had any judgements recorded against you?

If so, explain circumstances. (Please include dates, location, amounts)

Other Income: (Alimony, child support or separate maintenance income need

Do you have a w ill?

If so, w ho is the executor?

Do you have disability insurance?

If so, w hat is the monthly amounts?

TOTAL INCOME What years are covered?

not be revealed if you do not w ish to have it considered as a basis for

repaying

this debt)

$0

FOR YEAR ENDED

(Attach a copy of your most recent Income Tax Return and K-1's)

SOURCE OF INCOME

PERSONAL INFORMATION

CONTINGENT LIABILITIES

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 20

ATTACHMENT E: HOMEOWNERSHIP SUBSIDY PROGRAM (CHART)

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 21

ATTACHMENT E: HOMEOWNERSHIP SUBSIDY PROGRAM CHART

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RENEW WOODLAWN DEVELOPER RFP: FALL 2016 22

Renew Woodlawn RFP Properties: Fall 2016

Property Address/Property Pin Unit Count

6426 S. St. Lawrence – 20-22-211-031-0000 1

6442 S Langley – 20-22-213-032-0000 2

6754 S Champlain - 20-22-403-035-0000 2

6038 S Champlain – 20-15-405-023-0000 1

6224 S St. Lawrence – 20-15-419-021-0000 3

6546 S Evans – 20-22-222-042-0000 2