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CSG Advisors Incorporated Jailtiory 28, 20115 <br /> Proposal: Howing FirianciaJ Analytical and Advisory Services Page 9 of 25 <br /> million City of Industry Funds administered by the Comity of Los Angeles and for the Long <br /> Beach Housing Development Department. <br /> New hotising trust funds for San Francisco, Denver, Seattle, Los Angeles and Sacramento, <br /> Example: Phoenix Best Practices Study. CS(i iindertook ant extensive study <br /> of tff0rd,,kII(, pert sing best practices for the City of Phoenix. Our •lielti, the <br /> l IOLIIJU&I 0cpartinew of the City of Phoenix, is uIllistr'd in coinhining Inally <br /> finctions under one roof that are handled by separate agencies elsewhere. The <br /> Departnient adridiiist-cred federal housing funds (I iow, ( "mic; and <br /> I IOPWA), general obligation bon(J proceeds, ptiblic 11ollsing funds, and otlier <br /> fillioling solit-ces. In addition to I)i1blic housing, it owns and opt.-rates rental <br /> housing knidcd froni Cit)� SoUrces, makes loans and grants to developers, and <br /> adillinisters first kn,le bore-tebtryer programs. The Department soti�lht IIIC study <br /> in order to kelp it respond to chilnges in both the Phoenix honsing inarket <br /> (nkpiofly appreciating in die past several years) and the federal INIHiC 110USing <br /> prograins. <br /> (,"SG dre", lipoll its experience With IIOLISillg agCMj(S a(TOSS the: COLIFItt-Y to <br /> analyze the Department's prcigranis and operations and reconiaiend lie", <br /> financ,ing strategies for its homeownership prograltis, rental llowsjng progr'lln's <br /> (including Public housing) and general departmental operations. Some <br /> reconimendarions f0ctised oil how existing resources could be restnictitred to <br /> provide as greater inipact (for exami)[c, by illw1enienthw 40 year first tinic <br /> 110RICIAlye.r mortgages, using i R)Mf," funds to write down interest rates for first <br /> time holnebUycrs, and estal..)Iishitig consistent affordability staiahirds as ;i <br /> coll(hdorl of, receiving p1lific fmids). 0111er recolillikendmions elllpflasized <br /> securing new resources for the Department (e.g, incorporating 4% tax credits <br /> into its lic"A, affordable rental housing development, earning developillcill fees <br /> can j)UI,)IiC, 1_10USill�y T•CdCVcIoprneiit, and making (fill ClCllt Use Of J-RlbliClya oWIWd <br /> land for affordable housing) <br /> A key element of (_SG's reconimenchitions was to establish a set of"ohjectives or <br /> criteria that HIC City COUld use to jUdgC nON✓ illithil-i'veS, ;Ind to require that <br /> initiatives collrrilmte to achieving all four of those objectives�, provide long-terin <br /> affordability, crcwc, well-designed, mixed income neighborhoods; increase the <br /> Depart men i's Ci mi i icia I and development capacity; and create effective. <br /> partnerships. Foltowing, the study Nve have helped irnplernent 11LIMUOUS <br /> components of the work. <br /> b. Advisory Services for Multi-Family Bond Transactions <br /> Overall Level of Experience, CSG has been the leading advisor both in California and nationally on <br /> private activity inulti,family housing bonds. <br /> Total Private Activity Multi-Family'Housing Transactions <br /> Ntimber of transaction,,; 505 1383 <br /> Dollar ariloLint $7,2 billion 203 billion <br />