MURIEL BOWSER
MAYOR
September 20, 2021
The Honorable Phil Mendelson
Chairman
Council of the District of Columbia
John A. Wilson Building
1350 Pennsylvania Avenue, NW, Suite 504
Washington, DC 20004
Dear Chairman Mendelson:
Pursuant to section 451 of the District of Columbia Home Rule Act (D.C. Official Code 1-
204.51) and the Procurement Practices Reform Act (D.C. Official Code 2-351.01 et seq.),
enclosed for consideration and approval by the Council of the District of Columbia is proposed
Modification No. 0008 to Contract No. CW70389 with Tax Credit Asset Management, LLC to
exercise option year two in the amount of $2,841,604.49. The period of performance is from
October 1, 2021 to September 30, 2022.
Under the proposed modification, Tax Credit Asset Management, LLC shall continue to provide
asset management services and portfolio management oversight to outstanding loans in its
affordable housing projects portfolio, including low-income housing tax credits and affordable
dwelling units for the Department of Housing and Community Development.
I am available to discuss any questions you have regarding the proposed contract. In order to
facilitate a response to any questions you may have, please have your staff contact Marc Scott,
Chief Operating Officer of the Office of Contracting and Procurement, at (202) 724-8759.
I look forward to the Councils favorable consideration of this contract.
Sincerely,
Muriel Bowser
Enclosure
 GOVERNMENT OF THE DISTRICT OF COLUMBIA
Office of Contracting and Procurement
Pursuant to section 202(c-3) of the Procurement Practices Reform Act of 2010, as amended, D.C.
Official Code 2-352.02(c-3), the following contract summary is provided:
COUNCIL CONTRACT SUMMARY
(Options)
(A) Contract Number: CW70389
Proposed Contractor: Tax Credit Asset Management, LLC
Contract Amount (Option Amount): $2,841,604.49 (Option Year Two)
Term of Contract: October 1, 2021 through September 30, 2022
Type of Contract: Requirement-type contract based on fixed unit prices
(B) Identifying number of the underlying contract, including the identifiers assigned to the
underlying contract by the Council for the base period and any subsequent option periods:
Period of Performance Dollar Amount Council Approval
Base Year $2,647,310.71 CA23-0261
Option Year One $1,743,139.82 A24-0065
(C) A statement that Citywide Clean Hands database indicates that the proposed contractor is
current with its District taxes. If the Citywide Clean Hands Database indicates that the
proposed contractor is not current with its District taxes, either: (1) a certification that the
contractor has worked out and is current with a payment schedule approved by the District;
or (2) a certification that the contractor will be current with its District taxes after the District
recovers any outstanding debt as provided under D.C. Official Code 2-353.01(b):
The Citywide Clean Hands database certifies that Tax Credit Asset Management, LLC is current
with its District tax requirements.
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(D) A statement that the proposed contract is within the appropriated budget authority for the
agency for the fiscal year and is consistent with the financial plan and budget adopted in
accordance with D.C. Official Code 47-392.01 and 47-392.02:
The Agency Chief Financial Officer certifies that sufficient funding is available to obligate towards
the contract within FY2022 budget authority.
 Government of the District of Columbia
Office of the Chief Financial Officer 1101 4th Street, SW
Office of Tax and Revenue Washington, DC 20024
Date of Notice: September 14, 2021 Notice Number: L0006167657
TAX CREDIT ASSET MANAGEMENT LLC FEIN: **-***1549
30 FEDERAL ST FL 6 Case ID: 949540
BOSTON MA 02110-2508
CERTIFICATE OF CLEAN HANDS
As reported in the Clean Hands system, the above referenced individual/entity has no outstanding
CO
liability with the District of Columbia Office of Tax and Revenue or the Department of Employment
Services. As of the date above, the individual/entity has complied with DC Code 47-2862, therefore
this Certificate of Clean Hands is issued.
TITLE 47. TAXATION, LICENSING, PERMITS, ASSESSMENTS, AND FEES
CHAPTER 28 GENERAL LICENSE
SUBCHAPTER II. CLEAN HANDS BEFORE RECEIVING A LICENSE OR PERMIT
D.C. CODE 47-2862 (2006)
PY
47-2862 PROHIBITION AGAINST ISSUANCE OF LICENSE OR PERMIT
Authorized By Marc Aronin
Chief, Collection Division
To validate this certificate, please visit MyTax.DC.gov. On the MyTax DC homepage, click the
Validate a Certificate of Clean Hands hyperlink under the Clean Hands section.
1101 4th Street SW, Suite W270, Washington, DC 20024/Phone: (202) 724-5045/MyTax.DC.gov
 GOVERNMENT OF THE DISTRICT OF COLUMBIA
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Office of the Director
TO: George A. Schutter
Chief Procurement Officer
Office of Contracting and Procurement
FROM: Beth Spooner
Agency Fiscal Officer
Department of Housing and Community Development
DATE: September 17, 2021
SUBJECT: Certification of Funding Availability for DHCD Loan Servicing Contract CW70389
Tax Credit Asset Management LLC (TCAM)
This memorandum certifies that the Department of Housing and Community Development has funding, in
the amount of $2,841,604.49, in the proposed budget for FY 2022 in order to support the full execution of
Option Year 2 of the loan servicing contract referenced above for the period October 1, 2021 through
September 30, 2022.
The budget allocation is as follows:
FISCAL AGENCY FUND ACTIVITY COMP AMOUNT
YEAR OBJECT
2022 DB0 0100-Local PORTFOLIO ASSET 0409 $750,711.34
MANAGEMENT (4510)
2022 DB0 0610-Unified PORTFOLIO ASSET 0409 $406,069.97
MANAGEMENT (4510)
2022 DB0 0700-HPTF PORTFOLIO ASSET 0409 $1,684,823.18
Admin MANAGEMENT (4510)
TOTAL $2,841,604.49
Please contact me on 202-442-7173 if you have any questions.
cc: Drew Hubbard, Deputy Director
Genee Hayes, Asset Manager
Heather Reynolds, OCP
Department of Housing and Community Development | 1800 Martin Luther King, Jr. Avenue, SE, Washington, DC 20020 | 202.442.7200 | dhcd.dc.gov
 1. Contract Number Page of Pages
AMENDMENT OF SOLICITATION / MODIFICATION OF CONTRACT CW70389 1 2
2. Amendment/Modification Number 3. Effective Date 4. Requisition/Purchase Request No. 5. Solicitation Caption
Loan Services and Collections
M008 October 1, 2021 Management for DHCD Housing
Assistance Programs
6. Issued by: Code 7. Administered by (If other than line 6)
Office of Contracting and Procurement DC Department of Housing and Community Development
441 4th Street, NW, Suite 700 South 1800 Martin Luther King Jr. Avenue SE
Washington, DC 20001 Washington, DC 20020
8. Name and Address of Contractor (No. street, city, county, state and zip code) 9A. Amendment of Solicitation No.
Tax Credit Asset Management, LLC 9B. Dated (See Item 11)
30 Federal Street, 6th Floor
Boston, MA 02110 10A. Modification of Contract/Order No.
X CW70389
10B. Dated (See Item 13)
Code Facility 10/1/2020
11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS
The above numbered solicitation is amended as set forth in item 14. The hour and date specified for receipt of Offers is extended. is not extended.
Offers must acknowledge receipt of this amendment prior to the hour and date specified in the solicitation or as amended, by one of the following methods:
(a) By completing Items 8 and 15, and returning ____1_____ copies of the amendment: (b) By acknowledging receipt of this amendment on each copy of the offer
submitted; or (c) BY separate letter or fax which includes a reference to the solicitation and amendment number. FAILURE OF YOUR ACKNOWLEDGMENT TO
BE RECEIVED AT THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION
OF YOUR OFFER. If by virtue of this amendment you desire to change an offer already submitted, such may be made by letter or fax, provided each letter or
telegram makes reference to the solicitation and this amendment, and is received prior to the opening hour and date specified.
12. Accounting and Appropriation Data (If Required)
13. THIS ITEM APPLIES ONLY TO MODIFICATIONS OF CONTRACTS/ORDERS ,
IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14
A. This change order is issued pursuant to (Specify Authority): 27 DCMR 3601.2
The changes set forth in Item 14 are made in the contract/order no. in item 10A.
B. The above numbered contract/order is modified to reflect the administrative changes (such as changes in paying office, appropriation data
etc.) set forth in item 14, pursuant to the authority of 27 DCMR, Chapter 36, Section 3601.2.
C. This supplemental agreement is entered into pursuant to authority of:
X D. Other (Specify type of modification and authority)
Unilateral Modification - 27 DCMR 3601.2(a)
E. IMPORTANT: Contractor is not is required to sign this document and return _1_ copies to the issuing office.
14. Description of Amendment/Modification (Organized by UCF Section headings, including solicitation/contract subject matter where feasible.)
Contract No. CW70389 is hereby modified as follows:
1. In accordance with Section F.2 of the contract, the District exercises Option Year Two for period of performance
from October 1, 2021 to September 30, 2022 in the estimated total dollar amount of $2,841,604.49.
2. The unit prices for the option period are provided in Section B.3.3 -Option Year Two.
3. The U.S. Department of Labor Wage Determination No. 2015-4281, Revision 19, dated July 21, 2021 is
incorporated into the contract and replaces any previous Wage Determinations.
(Continues on next page)
Except as provided herein, all terms and conditions of the document is referenced in Item 9A or 10A remain unchanged and in full force and effect.
15A. Name and Title of Signer (Type or print) 16A. Name of Contracting Officer
Heather Reynolds
15B. Name of Contractor 15C. Date Signed 16B. District of Columbia 16C. Date Signed
(Signature of person authorized to sign) (Signature of Contracting Officer)
4. Contract Recap:
Period of Performance Estimated Contract Amount
Base Year 10/1/2019 - 9/30/2020 $2,647,310.71
Mod 2 Revised Base Year 2/3/2020 - 9/30/2020 - $955,305.03
Mod 3 - Option Year One-1st Partial 10/1/2020 - 4/30/2021 $820,000.00
Mod 4 Revised 1st Partial Option Year One 10/1/2020 - 1/30/2021 + $44,370.00
Mod 5 - Option Year One-2nd Partial 2/1/2021 3/5/2021 $135,600.00
Mod 7 - Option Year One -3rd Partial 3/6/2021 - 9/30/2021 $1,743,139.82
Mod 8 Option Year Two 10/1/2021 9/30/2022 $2,841,604.49
Total: $7,276,719.99
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