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CSG Advisors Incorporated January 28, 2015 Proposal: Housing Financial Analytical and Advisory Services Page 5 of 25 2. Organizational Background CSG Advisors Incorporated is an independent financial advisory firm highly specialized in housing finance for public agencies. We provide a wide range of financial advisory, program design and real estate finance services to state and local agencies responsible for housing, redevelopment and community development. History. CSG Advisors was incorporated in 1999 as successor to the financial advisory practice of Caine Gressel Midgley Slater and before that CGMS Incorporated and Gressel Gressel Slater. Gene Slater, the Chairman of CSG, has been a founding principal of these firms throughout, beginning in 1978. Type of Organization. CSG is a subchapter S corporation, registered in Delaware. The firm is entirely owned by its employees. Firm's Qualification for the Proposed Services We have served as financial advisor on over 3,000 housing financings totaling more than $75 billion throughout the United States. CSG Advisors also assists in the design and implementation of public - private real estate transactions, local government programs, asset management and work -outs and negotiation and structuring of lowdncome housing tax credits. Housing Bond Expertise. CSG is the leading advisor In both the United States and California on housing bond issues. Attached are the national rankings from Securities Data. (Appendix 1: Financial Advisor Rankings). In our work, we have seen nearly every combination of financing sources and challenges and apply that knowledge to our current tasks. California Local Experience. CSG has provided financial advice to many California housing -- - - agencies including Alameda County Anaheim; Fresno City and County Housing Authorities, - -- Fontana, Hayward, Los Angeles City, Housing Authority of City of Los Angeles, County of Los Angeles, Oceanside, Ontario, Grange County, Sacramento, San Bernardino County, San Diego, San Francisco, San Jose, Santa Ana and the Housing Authority of Santa Clara County. • Registered Municipal Advisor. We are a registered Municipal Advisor with both the Securities Exchange Commission and the Municipal Securities Rulemaking Board, and can thus serve as independent registered municipal advisor on all bond issues. Work for Public Agencies. As an independent firm, we solely represent the interests of the public sector client in each transaction. We do not underwrite bonds, and can independently advise our clients in selecting, working with and evaluating a variety of underwriters. We do not promote or "sell" particular financial ideas or products, but help our clients systematically evaluate the full range of choices available. National Recognition. We were selected and served as HUD's national financial consultant on housing rehabilitation programs and on complex multi- family bond reftmdings, as the Resolution Trust Corporation's national financial advisor of all tax - exempt assets including 800 multi- family bond issues and as national expeditor to HUD on some of its most troubled and complex public housing redevelopment projects. CSG initiated the discussions with U.S. Treasury in the depths of the financial crisis and outlined what became Treasury's New Issue Bond Program which 25C -50