1. Exhibit A: Fee/Cost proposal is missing from the copy I have. Would you please forward one to me?

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1 ADDENDUM NUMBER: 1 THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS ADDENDUM TO REQUEST FOR PROPOSAL THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS 1511 CENTRAL PARK AVENUE CONTRACT: Request for Proposal Development / Financial Advisors January 26, The following changes, modifications, additions and deletions are hereby made to the plans, specifications and other contract documents and they shall have precedence over said contract documents. Parts of the plans, specifications and other contract documents not changed by this addendum shall remain in full force and effect. Responses to questions made about the RFP for Development/Financial Advisors: DUE DATE HAS BEEN EXTENDED FROM Friday, January to Tuesday, February AT THE SAME TIME. Questions Made by TAG Associates Inc. 1. Exhibit A: Fee/Cost proposal is missing from the copy I have. Would you please forward one to me? Response: The sentence that makes reference to Exhibit A Offeror must fill out and submit all of its proposed fees on the attached Exhibit A. is eliminated and you are allow to propose your own form as long as you address the other requirements indicated in the following paragraph of the RFP:

2 Offeror should describe how it will provide services in a way that will allow MHACY to: (i) Anticipate the estimated cost of the services; (ii) Control the costs of the services. (iii) Also indicate any rate discount that you may offer to MHACY for this work. MHACY reserves the right to negotiate fees and cost with the Offeror it tentatively selects and to reject that Offeror should those negotiations be unsuccessful. MHACY must judge the Offeror s proposed fees to be reasonable. 2. Attachment F, HUD 5369B is missing parts and is unusable. Would you please forward me a clean copy? Response: You can go to the HUD s website and download HUD 5369B. 3. The RFP requests an Annual Report. What exactly are you looking for: Our latest Financial Statements, The Annual Report we submit to the Secretary of State each year of something else? Response: Your latest Financial Statements. Questions made by Demo Consulting LLC. 1. RE Sec E Qualifications: Do we need to submit 3 references for the Proposing Firm and 3 references for each of the other team members, or is this requirement in the RFP for a minimum of 3 references from the team? Response: We are requesting three references for the Firm and three references for the Key Staff assigned to work with MHACY

3 2. Can you provide the details of MHACY s RAD application to HUD? Response: The Municipal Housing Authority for the City of Yonkers manages proximally 2031 public housing units within 18 developments. These developments are organized in 6 AMPs. MHACY submitted a RAD application that included 6 AMPs, 17 Developments and 1775 units. Cottage Place Gardens was not included in the RAD application. We received the conditional approval letter for three AMPs; it is our intention to submit the additional information for the other three AMPs within the next few months. The Municipal Housing Authority for the City of Yonkers (MHACY) is requesting proposals from qualified individuals or firms to provide development and financial advisory services, and assistance in the implementation of a RAD application. The Development/Financial Advisor will be responsible for representing MHACY s interests as a member of development team(s), identifying, analyzing and securing financial resources to carry out the development activities ( See Sections 2.0 and 3.0 of the RFP). Develop the overall RAD strategy in coordination with MHACY s Officials, including, but not necessarily limited to; Financial Strategies, Eligible forms of ownership, Developer vs. Co Developer and General Partnerships. Assist, recommend and implement overall strategy and financial plans to better serve our tenants. 3. How many applications were submitted? MHACY submitted

4 4. What properties or AMPs were covered by each application? 5. For each application, how many units did they cover; what was the basic plan for each application, i.e. if conversion is planned for more than one phase, how many phases; and what were the sources of funds listed in each application? 6. Were any of the applications submitted as a Portfolio Award? 7. Which properties are covered, i.e., considered MHACY s Portfolio? 8. Does MHACY intend to demolish/redevelop any properties in its RAD application(s)? 9. What role does MHACY intend to play in each application? What role does it envision playing during the development process? 10. What role does MHACY see for any developer or co-developer? Has it selected any developer/co-developer, yet?

5 11. Has the authority done any RPCAs or had these contracted? Response: Yes 12. Is it possible to receive a summary of the most recent physical needs assessment data for the properties targeted for RAD conversion? Response: Not at this time, we don t have the final reports yet. They should be ready by the time we select the qualified individuals or firms 13. Does the authority intend to convert new developments resulting from its CNI grant to RAD? What is the development schedule for these projects, and when are they scheduled to be completed? THIS SHEET CONFIRMS RECEIPT OF ADDENDUM NO. 1 AND MUST BE SIGNED AND SUBMITTED WITH BIDDER S PROPOSAL AT THE TIME OF SUBMISSION AND IS TO BE MADE A PART THEREOF. NAME OF BIDDER SIGNATURE DATE