Project Information

Bid Title

CHFA 289-RFQ for Appraisers and Market Study Analysts for Multifamily Housing Developments

Issuing Agency

Connecticut Housing Finance Authority

Location

Connecticut

Published Date

Nov 20, 2025

Closing Date

Dec 4, 2025

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

RFP	Post Date	Due Date	Additional Documents
CHFA 289-RFQ for Appraisers and Market Study Analysts for Multifamily Housing Developments	11/04/25	12/04/25 4:00 p.m.	Questions and Answers

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Dear Interested Party:

Date: November 4, 2025

REQUEST FOR QUALIFICATIONS FOR

APPRAISERS AND MARKET STUDY ANALYSTS FOR

MULTIFAMILY HOUSING DEVELOPMENTS

The Connecticut Housing Finance Authority (CHFA) invites interested Connecticut General

Certified Real Estate Appraisers to submit written qualifications for evaluation and potential

inclusion on CHFA’s list of approved appraisers and market study analysts for multifamily

housing developments being considered for financing by CHFA.

CHFA will not reimburse for any expenses incurred in connection with this Request for

Qualifications (RFQ) including, but not limited to, the cost of preparing the initial response and

any additional information requested or travel expenses relating to any oral presentation. Please

be advised that responses will be considered property of CHFA, are matters of public record, and

may be disclosed by CHFA after the awarding of a contract.

OVERVIEW

CHFA, a body politic and corporate constituting a public instrumentality and political

subdivision of the State of Connecticut, was created in 1969 and operates pursuant to Chapter

134 of the Connecticut General Statutes, as amended. CHFA’s purpose is to help alleviate the

shortage of affordable housing for low-income and moderate-income families and persons in

Connecticut by providing single family mortgages, financing for rental housing, and mortgages

for the purchase, development and construction of housing.

For additional information about CHFA, please reference CHFA’s website at www.chfa.org.

SCOPE OF SERVICES

In accordance with CHFA’s Procedures Section II.A-7 related to Market Study and Section II.A-

8 related to Appraisals, CHFA contracts with independent professionals to provide market

studies and appraisals in accordance with the Uniform Standards of Professional Appraisal

Practice (USPAP) for all multifamily housing developments being considered for financing by

CHFA. Also, the appraisals and market studies must be done in accordance with CHFA’s

Supplementary Criteria for Appraisal Reports and Supplementary Criteria for Market Study

Reports attached as Exhibit E, as may be amended from time to time.

EVALUATION CRITERIA

Firms will be evaluated on the basis of their written responses to this RFQ, additional written

information as requested by CHFA and oral interviews, if any, including, but not limited to, the

following criteria:

• the firm’s professional depth and capacity in terms of professional credentials, references,

technical skills, ability and experience;

• the thoroughness of the firm’s response to this RFQ;

• the firm’s proposed fee schedule(s) for each property type;

• the firm’s exceptions, if any, to the supplementary criteria attached as Exhibit E;

CHFA may select multiple firms for the services described herein. No selected firm is

guaranteed any number of projects or proportion of business.

REQUESTED INFORMATION

All firms must address the following issues and questions:

1. Provide a brief description of your firm, its history and main areas of business. Indicate

the total number of staff and the team available to CHFA.

2. Provide a summary of the key strengths and qualifications of your firm to serve as

Appraiser and Market Study Analyst to CHFA. (Your response to this question should

not exceed one page).

3. Please provide current resumes, including complete educational background, work

experiences, and professional affiliations, for each principal and staff member whom the

firm proposes to provide professional services to CHFA. Please summarize experience

with programs established by the U.S. Department of Housing and Urban Development

(HUD), Rental Assistance Demonstration (RAD), Historic Tax Credits (HTCs),

and Low-Income Housing Tax Credits (LIHTCs), or any other publicly-financed

projects with income restrictions. Please indicate their probable areas of responsibility

and the percentage of their time which would be available to service CHFA’s account. A

copy of each such principal’s and staff member’s valid license from the State of

Connecticut as a General Certified Real Estate Appraiser must be provided with the

response. Please specify if you belong to any professional trade groups that focus on

information sharing and methodology of the federal LIHTC Program or any other

organization that furthers affordable housing.

4. Provide, in tabular form, information on the employee composition of your firm

indicating the total number of employees and the total number and percentages of

minorities and women employed and their titles.

5. Please identify each m ultifamily property type(s) for which your firm desires to be

considered, including but not limited to:

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a. LIHTC developments

b. Family

c. Elderly

d. Supportive

e. Mixed-use including multifamily housing and commercial/retail space

Firm should provide a summary of each such property type(s) located in the

State and appraised by the firm during the five (5) year period preceding the

date of the response to this RFQ and include the date of the appraisal. A

minimum of two (2) representative, self-contained appraisal reports for each

property type authored by the respondent within the six (6) month period

preceding the date of the response to this RFQ should be submitted as

enclosures. Personally identifiable or sensitive information such as client

names, property owners and property addresses may be redacted from the

sample reports. However, information related to the valuation analysis and

methodology must be visible and remain intact.

Firms currently on CHFA’s approved appraiser/market analyst list need only

submit a list of the names and addresses of properties that the firm has

conducted a market study analysis or appraised for CHFA.

6. Please identify all counties/areas within the State for which professional appraisal and/or

market study services are being proposed.

7. Describe your presence in Connecticut, if any, including corporate existence in

Connecticut, whether formed in Connecticut or authorized to do business in the state.

This may include, but is not limited to, information on the number of offices your firm

maintains in Connecticut, the location of such offices, the number of Connecticut

residents employed in those offices, and payroll and corporate taxes paid in Connecticut.

If your firm currently is not registered with the Connecticut Secretary of State, please

indicate whether your firm will register if your firm is awarded this contract.

8. Include any participation by your firm in any civic or other non-profit activities,

including any charitable contributions that your firm made in Connecticut.

9. Provide the rate or range of rates on the attached Fee Summary Exhibit A. The fees(s)

contained in such attachment shall be stated on a per-project, gross basis, inclusive of all

expenses.

10. Submit specific information regarding your firm’s commitment to Affirmative Action.

Please include, at a minimum, policies and practices, including but not limited to hiring

practices, and any information that would demonstrate your firm’s commitment to

expanding diversity in the workplace, including recruiting initiatives, retention and

promotion efforts and ongoing assessment of your firm’s progress with respect to

underrepresented groups (e.g., in terms of ethnicity, gender, sexual orientation, disability,

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etc). Please include your firm's most recent EEO-1 report if required to file. If your

firm is a registered Small and/or Minority Business Enterprise, please provide a copy of

your firm’s certificate.

11. Describe any and all material lawsuits, legal or administrative proceedings or

governmental investigations, criminal actions or law enforcement activities (including

those by federal, state or local authorities, or self-regulatory organizations) or non-routine

inquiries or investigations relating to you, your firm, or any of your affiliates, including

any proceedings to which you, your firm, your affiliates or any of their respective

officers, directors or employees are a named party or of which any of such has been the

focus, that have occurred in the last three (3) years or that are currently threatened,

including whether you, your firm, or any of your affiliates, or their respective officers,

directors or employees have been censured by any regulatory body. Describe any such

circumstances. Advise whether these investigations or proceedings will affect you or your

firm’s ability to complete the proposed transaction and perform the services in this RFQ.

12. Describe whether you foresee any potential conflicts of interest arising from this

engagement. Describe how your firm would address potential conflicts of interest.

13. Has your firm ever been removed from an account prior to the expiration of its contract

(i.e., been fired)? If so, please explain. If you wish, list the name of a third party with

whom CHFA could discuss this termination.

14. Describe your firm's knowledge of and experience with CHFA.

15. Please provide as references, a minimum of three clients for whom your firm has

performed similar and substantial services. Please include the name of the person to

contact, his or her phone number and email address. Please include as references any

other State of Connecticut agencies or departments that have engaged your firm to

perform services.

16. Selected persons or firms must comply with CHFA and State Ethics requirements, laws

and regulations. Persons or firms seeking to do business with CHFA are required to

comply with the ethics statement, attached hereto as Exhibit C, and the applicable

provisions of the Code of Ethics and Code of Ethics for Lobbyists incorporated therein by

reference.

17. An authorized signatory of any firm submitting qualifications is required to execute and

submit with the qualifications and with any agreement or contract awarded in accordance

herewith all applicable representations and certifications set forth on Exhibit D, attached

hereto and made a part hereof, regarding:

• Gift and Campaign Contributions; Connecticut General Statutes §4-252

• Entities Making Investments in Iran; Connecticut General Statutes §4-252a

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• Nondiscrimination; Connecticut General Statutes §4a-60 & Connecticut General

Statutes §4a-60a

• Consulting Agreements; Connecticut General Statutes §4a-81

• Campaign Financing Contributions: Connecticut General Statutes §9-612

All of the above are attached hereto in full and incorporated herein on Exhibit D.

18. Why should CHFA hire your firm instead of another firm?

FREEDOM OF INFORMATION ACT

Please be advised that all information submitted in response to this RFQ is subject to disclosure

under the Connecticut Freedom of Information Act, as amended and judicially interpreted. If a

firm believes that its response contains financial, trade secrets or other data that it claims should

not be public (“Confidential Information”), the firm must identify specifically the pages and

portions of its proposal or additional information that contain the claimed Confidential

Information by visibly marking all such pages and portions. An entire response marked

Confidential Information will not be accepted. If CHFA receives a request for an applicant’s

Confidential Information, it will use its best efforts to notify the firm of such request and provide

the applicant with a copy of any written disclosure request, provided, CHFA will not be liable to

the firm or any other party for any failure to act as described herein. The firm may provide

written consent to the disclosure or may object to the disclosure by notifying CHFA in writing,

identifying in the notice the basis for its objection, including the appropriate statutory

exemption(s) from disclosure. The firm shall be responsible for defending any complaint

brought in connection with the nondisclosure, including, but not limited to, appearing before the

Freedom of Information Commission, providing witnesses and documents as appropriate, and for

payment of CHFA’s costs and expenses, including attorney fees.

SUBMISSION RESPONSES

The following requirements must be observed in the preparation and submission of

qualifications:

1. All inquiries should be directed to Shelly Mondo at RFP.RFQ@chfa.org no later than

November 14, 2025. Firms submitting qualifications should not contact members of the

CHFA’s Board of Directors or CHFA staff, which may be grounds for elimination from

consideration.

3. Submissions must be sent electronically (not to exceed 25 MB) to RFP.RFQ@chfa.org

no later than 4:00 p.m. on December 4, 2025. Faxed responses will not be considered.

4. Responses must include a cover letter signed by an individual authorized to enter into an

agreement with CHFA on behalf of the firm which shall specify that the firm is

responding to the RFQ for Appraisers and Market Study Analysts. Please also remember

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Commodity Codes

• NAICS 531320Offices of Real Estate Appraisers
• NAICS 541611Administrative Management and General Management Consulting Services

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