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CSG Advisors Incorporated January 28, 2015
<br /> Proposal: Housing Financial Analytical and Advisory Services Page 8 of 25
<br /> For the last two years we have been assisting San Bernardino County in designing responses to
<br /> defaulted loans to help assist homeowners and surrounding neighborhoods. We are currently
<br /> working on a major public-private partnership to purchase such loans directly from FHA, with
<br /> approval by OMB, so as to be able to provide principal modifications, including from the remaining
<br /> $1 billion of uncommitted Keel)Your Home California funds.
<br /> Preservation. CSG Advisors has xorked on a wide range of preservation efforts including the first
<br /> sale of assisted FHA mortgages to a state housing agency and the first Mo tax,exenipt financings in
<br /> the country for non-profit acquisition of expiring Use projects. We have assisted numerous public
<br /> agencies in designing preservation efforts, including the California HOLISing Finance Agency and tile
<br /> San Francisco Redevelopment Agency. Cur analyses have focused on cvaluating the impact of lost
<br /> federal subsidies on unit affordability and the most efficient methods to transition the developments
<br /> to alternate financing structures, maintaining as tnuch affordability as possible, minitilizing the
<br /> inipact on current tenants, and rninitnizing Agency exposure.
<br /> No,n,Pr,ofit Housing. We have helped finance more than 200 projects with non-profit owners or
<br /> non-profit general partners. As a result we understand the special objectives, constraints, tax
<br /> benefits, IRS concerns and resources of 501(c)(3) corporations, These projects have ranged in size
<br /> froth 20 to 500 units, Our experience spans more than 25 years.
<br /> We have assisted governments in working with as wide range of nonprofit housing developers
<br /> including Eden Housing, BRIDGE', Mid-Peninsula Housing, Spanish Speaking Unity Council,
<br /> Napa Valley Community Housing, Neighborhood Housing Services of America, Orange County
<br /> Community Housing, Southern California Housing Development Corporation, I-INK, American
<br /> Baptist I-Ionics, Franciscan Sisters, Mercy Housing, Dominican Sisters,Jewish Home for the Aged in
<br /> Seattle and in Orange Count),, Florence Crittenden Flonle.
<br /> Housing Program Evaluation, Improvement and Design, CSG is unique among financial
<br /> advisors in our extensive programmatic orientation. We have been national leaders in designing
<br /> such programs and strategies as first time honiebuyer assistance programs, strategies for redeveloping
<br /> public housing with and without HOPE VI funds, programs for recovery from natural disasters
<br /> (includi=ng the Northridge earthquake), economic development financing strategies, and programs to
<br /> finance development of housing for Specific POINIlations such as the disabled or students. Fxaniptes
<br /> of this work include:
<br /> Served as HUD's national consultant for revising its housing rehabilitation loan program
<br /> and for providing model financing and administrative systems for local programs
<br /> nationwide.
<br /> Designed CDBG programs for local governments, including design and implementation of
<br /> multifamily rehabilitation programs for Sail Francisco, Los Angeles County, Anaheim,
<br /> Phoenix, Pittsburgh, Chicago, and Wichita,
<br /> Designed HOME programs and use of I[OME ftinds for specific multifamily projects for
<br /> San Francisco, Contra Costa, Napa, Santa Cruz, and San Mateo Counties.
<br /> Developed site acquisition programs for San Francisco, Los Angeles and the District of
<br /> Colt m1bia,
<br /> Designed the City of Los Angeles' successful effort to use over $300 million of special
<br /> federal assistance for earthquake repairs.
<br /> Developed underwriting guidelines and policies for a variety of lenders, including the
<br /> Washington State Department of Community, Trade and Economic Development, the $50
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