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6.3G <br />Page 11 <br />3. Bidder affirms experience with various federal and state funding sources <br />and reporting requirements and is knowledgeable regarding conducting <br />Annual Recertification of tenant income. <br />Mid-Peninsula Management Corporation has over 30 years experience <br />managing multi-family properties subsidized by HUD and financed through <br />numerous sources, including the Low Income Housing Tax Credit pro_ ram and is <br />familiar_with these sources, their reporting requirements and is very <br />knowledgeable conducting annual recertification of income for residents <br />MidPen Management has an internal compliance department that reviews all <br />move-in files and does periodic inspections of property resident files to insure <br />successful audits are accomplished by s#ate & federal agencies , <br />4. Bidder has fiscal agent capable of collection and disbursement of Revenue, <br />maintaining and reconciling bank accounts, including development of an <br />Operating Budget, ExpenseBudget Analysis, a Cash Flow Operating <br />Expenses Proforma, and Cash Flow with Assumptions for Building Services <br />Reserves for the ongoing operation and maintenance of the property. <br />(Attach supporting documents). <br />In Section 3 lease find co ies of a t ical financial acka a rovided b our <br />accounting department to our clients at their request This package includes an <br />income & expense variance, balance sheet, general ledger detail cash flow and <br />check registers. <br />5. Bidder has experience developing and/or managing supportive housing. <br />St. Matthew's Apartments <br />215 East 2"d Avenue <br />San Mateo, CA <br />Management Company: Mid-Peninsula Housing Management Corporation <br />Services Partner: Mental Health Associates <br />1996-present <br />Mid-Pen acquired the historic Hotel St. Matthew and neighboring First Watch buildings <br />in downtown San Mateo in 1996 for redevelopment to 56 single room occupancy (SRO) <br />units and approximately 8, 100 square feet of retail. St. Matthew Apartments recently <br />received an award from the California Preservation Foundation for the adaptive reuse <br />of the property. <br />5 <br />