Long-Term Sustainability for Senior Affordable Housing Assessment Services

The Livonia Housing Commission in Livonia, Michigan is seeking a qualified vendor to perform a comprehensive financial and capital planning assessment to ensure the long-term sustainability of its senior affordable housing assets. The agency needs to identify future financial vulnerabilities, evaluate its current market position, and establish a clear roadmap for funding major capital improvements over the next two decades. This project aims to balance the preservation of high-quality, affordable housing for seniors with the financial viability of the properties. The scope of work requires the selected vendor to conduct a detailed financial analysis, reserve and capital planning assessment, and sustainability modeling. The vendor must develop a twenty-year capital needs forecast that details major systems replacement and high-cost capital projects. Additionally, the agency requires recommendations for enhancing financial stability, which must include analyzing market rents, assessing the feasibility of future rent increases while maintaining affordability, and reviewing annual operating budgets to identify long-term trends. Eligible bidders must be organizations based entirely within the United States. The agency allows the selected contractor to perform all work offsite. Bidders must submit their proposals digitally, with the agency accepting submissions via email or through their online portal. The agency is seeking budget proposals from bidders to determine the cost of these services, rather than providing a pre-determined budget limit. Bidders must submit all questions regarding this opportunity no later than June 9, 2026.