5 - AGMT FOR HSG FIN ANALYSIS AND ADIVSORY SERV

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CSC; Advisors Inco-rPorated January 28, 2015 Proposal: Housing Financial Analytical and Advisory Ser-vices Pcige 6 of 25 purchased $15 billion of hotising bonds Born local and state issuers, that assisted 25,000 rental units and 100,000 first-tinge horrieboyers. We StrUCtUred the two largest Low Income blousing; Tax Credit raises in the history of the program, one for modernizing 33 public hoLising projects throughout Puerto Rico and another for 20,000 Units in New York. Two of the. financings we helped design - the housing modernization bond iSSLIC for Puerto Rico and the public infrastructure bond issue for Anaheim in conjunction with Disney's expansion - were named in their respective years the Bondbuyer's National Deal of the Year as the most outstanding municipal bond issue in the country. • Teamwork, Teamwork and cc)Ilab oration bet-ween the financial advisor team and the client's overall finance team is the key to success. We work effectively with all members of the finance team to design collaborative solutions to complex problems. We share skills and techniques to open the "black box" of financing, and emphasize training, education and open communication. • Responsiveness and Expertise for the City. Because we represent many California bond issuers, we have frequent contact and close workings relationships with the staff of CDJAC, CTAC and other state-wide entities. Similarly, we have worked regularly with most of the tax credit investors and syndicators, lenders, credit enhancers, affordable housing law firms, bond counsel, investment banks and other entities active in California. This helps its provide quick, timely responses to all the City's questions. 3. Firm and Personnel Experience .... ....... Firm Experielice We were established as the first firm in the country to bring together and link expertise it) affordable housing, bond financing, real estate, HUD programs, tax credits and related subsidies. As such we have been able to assist agencies throughout the country on all aspects of housing programs, project's and policies. We have served as financial advisor for more than 3,000 multi-family projects, including over. 550 in California. List of Projects. Appendix 2 contains to list of multi-family projects on which we have provided financial analytical and/or advisory services over the past 5 years, Highlights. Following are some highlights of such work. We have divided this into two broad types of services, in accordance with the RFP. • Housing Financial Analytic Services • Advisory Services on blousing Bond Financings a. Housing Financial Analytic Services. This includes a wide range of work depending on the needs of the public agency. Project Analysis. We have worked very effectively with public agencies in analyzing the "affordability gap" for proposed affordable housing developments, i.e., determining the financing deficit solely caused by the addition of affordable units to a development that could otherwise, for analytical purposes, be considered as "marker rate" units (this type of analysis best applies where there are "`market'" CCJLIiValCntS for the development type, e.g., faniily or senior development - in(:]