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CSC3 Advisors Incorporated <br />Proposal: Housing Financial Analytical and Advisory Services <br />January 28, 2015 <br />Page 9 of 25 <br />million City of Industry Funds administered by the County of Los Angeles and for the Long <br />Beach Housing Development Department. <br />Now housing trust funds for San Francisco, Denver, Seattle, Los Angeles and Sacramento. <br />Example: Phoenix Best Practices Study. CSO undertook an extensive study <br />of affordable housing best practices for the City of Phoenix. Our client, the <br />Housing Department of the City of Phoenix, is unusual in combining many <br />functions tinder one roof that are handled by separate agencies elsewhere:,`oThe <br />1`7eoarrmem' admif isternd federal hn isin'v funds = (HOME. CDBG and <br />HOPWA), <br />achaintsters first time homebuyer programs. = The Department sought the study <br />in order to help it respond to changes in both the Phoenix housing market <br />(rapidly appreciating in the past several years) and the federal public housing <br />programs. <br />CSO drew upon its experience with housing agencies across the country to <br />analyze the Department's programs and operations and recommend new <br />financing strategies for its homeownership programs, rental housing programs <br />(including public housing) and general departmental operations. Some <br />recommendations focused on how existing resources could be restructured to <br />provide a greater impact (for example, by impementing 40 year ,first time <br />condition' of receiving public funds).'- " Other recommendations emphasized <br />securing new resources for the Department (e.g. incorporating 4 % tax credits <br />into its new affordable rental housing development, earning development fees <br />A key element of CSO's recommendations was to est <br />criteria that the City could use to judge:' new initiF <br />initiative's contribute to achieving all four of those ob <br />affordability; create well designed, mixed income nc <br />Department's financial and development capaci <br />partnerships. Following the study we have hell <br />commments of the work. <br />b. Advisory Services for Multi- Family Bond Transactions <br />numerous <br />Overall Level of Experience. CSO has been the leading advisor both in California and nationally on <br />private activity multi- family housing bonds. <br />Total Private Activity Multi - Family Housing Transactions <br />25C -54 <br />12 <br />