Date: May 28, 2004

Proposals sought for financial advisor services

The Missouri Housing Development Commission is seeking proposals for financial advisory services, including pursuing and evaluating financing plans for single family and multifamily mortgage revenue bond structures, performing cash flow analysis and yield calculations, and providing other financial consultative services.  It is expected that the firm(s) selected will serve for a minimum of five years.  CSG Advisors and Columbia Capital Management, LLC, currently serve as MHDC’s financial advisors.

As MHDC’s financial advisor, qualifying firms would be asked to pursue trends and creative ideas for financing and would make recommendations regarding any financing plan, bond structure or other ideas that might further MHDC’s purpose.  The financial advisors also consult with MHDC partners, including potential investors, about MHDC bonds, notes or other financial data.

The position also requires that financial advisors distribute the “Notice of Sale” and other financing documents to interested bond purchasers during the competitive sale of bonds.  In a negotiated bond sale, the firm will represent MHDC in negotiating the terms of the sale.  Firms will work closely with MHDC Commissioners and staff, being available at meetings to offer advice on various financial proposals.  They will also maintain responsibility for the cash flow analysis and yield calculations required for each bond issue, and act as primary point of contact with the bond rating agency for this information.   The Financial Advisor will be asked to provide periodic analyses of MHDC’s financial status, including the ability of MHDC, at a point in time, to loan or grant funds from MHDC’s reserves.

To receive a copy of this Request for Proposal containing the scope of services and proposal submission requirements, please contact Marilyn Lappin at 816-759-6682 or  .

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