Engineering Field Activity, NW, NAVFACENGCOM, 19917 7th Ave NE, Poulsbo, WA 98370-7570

Y -- FAMILY HOUSING PRIVATIZATION INITIATIVE, EVERETT, WA SOL N44255-99-R-4403 POC Barbara Carpenter, Contract Specialist, Code 021BC, FAX (360) 396-0954 Section 2801 of the National Defense Authorization Act for Fiscal Year 1996, Public Law 104-106, 110 Stat. 186 (10 U.S.C. 2871-2885), provides a series of powerful authorities that allow the Department of Defense (DOD) to work with the private sector to build and renovate housing. The Department of Navy (DON) intends to utilize the unique powers and authorities provided under the legislation to ensure that safe, good quality, energy efficient, well-managed, affordable housing will be available to military families stationed at Naval Station, Everett, WA. Accordingly, the DON intends to become a limited partner in a limited partnership established by an investor/developer/team who will become the general partner for housing for Naval Station, Everett military families. The DON intends to contribute up to $18.9 million in the form of an equity investment and a differential lease payment contract, as required. The DON envisions the general partner, or the general partner acting on behalf of the partnership: 1) acquiring land for a development of 300 or more units; 2) designing, constructing, financing, owning, operating and maintaining a development of 300 or more units on the acquired land; and 3) distributing the net proceeds generated by the development among the partners over the term of the deal (a minimum of 15 years). The 300 or more units would be available to military families on a preferential basis at prescribed rents for the term of the agreement. This acquisition will be conducted by the Commanding Officer, Engineering Field Activity, Northwest, Naval Facilities Engineering Command, Poulsbo, WA. In Step 1 Request for Qualifications (RFQ), interested investors/developers/teams will submit a Statement of Qualifications describing their concept for development and approach to operation and management of the project; certain information concerning the proposed project site; past performance with regard to developments of a similar nature, scope and scale; and financial capabilities and capacities. Based on its evaluation of the RFQ submittals, the DON will invite not more than 4 investors/developers/teams judged best qualified, to respond to the Step 2 Request for Proposals (RFP). THE STATEMENT OF QUALIFICATIONS WILL BE DUE ON OR ABOUT FEBRUARY 4, 1999. This solicitation will be conducted in accordance with the terms and conditions contained in Section 2801 of the National Defense Authorization Act for Fiscal Year 1996, Public Law 104-106, 110 Stat. 186 (10 U.S.C. 2871-2885). It is anticipated that the RFQ/RFP will be available on approximately January 12, 1999 as Solicitation No. N44255-99-R-4403 on the internet at http://scotty.efanw.navfac.navy.mil/ebs/advertisedsolicitations.asp . The Plan Holders List, a list of all parties who have requested a copy of the RFQ/RFP, will also be available at the above referenced web site. If you are unable to access the above referenced web site, or have problems downloading the Solicitation package, you may call Barbara Carpenter at (360) 396-0274. Questions about this Solicitation MUST be submitted in writing. The questions may be faxed to (360) 396-0954, Attn: Barbara Carpenter. Posted 12/18/98 (W-SN281821). (0352)

Loren Data Corp. http://www.ld.com (SYN# 0087 19981222\Y-0005.SOL)