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open🌐 Seattle, WAhttp://www.rfpmart.com/1183999-usa-seattle-washington-affordable-homeownership-revolving-construction-catalyst-fund-administrator-service-rfp.html

EXTRA-77838 - USA (Seattle, Washington) - Affordable Homeownership Revolving Construction Catalyst Fund Administrator Service - Deadline November 2,2026

Description

(1) Vendor needs to provide affordable homeownership revolving construction catalyst fund administrator service to the government authority located in Seattle, WA. • Establish and administer a revolving loan fund capitalized by agency.• Develop loan policies, underwriting standards, and servicing procedures.• Maintain financial controls, accounting systems, and reporting mechanisms.• Coordinate regularly with agency regarding compliance, performance, and strategic objectives.• Market financing opportunities statewide to eligible nonprofit homeownership developers.• Conduct borrower eligibility reviews, underwriting, risk assessment, and loan approvals.• Provide financing for predevelopment activities, site preparation, infrastructure improvements, acquisition, development costs, and construction activities.• Minimize financing costs and administrative burdens on nonprofit borrowers.• Develop partnerships with developers, local governments, lenders, and housing stakeholders.• Ensure timely repayment upon home sale or other approved repayment events(2) All the questions must be submitted no later than October 9, 2026.(3) The contract period will be for five years. (4) Optional pre–bid meeting will be held on October 16, 2026

Details

Posted
Oct 10, 2026
Response deadline
Nov 2, 2026, 11:59 PM UTC (24d)
Status
open
Jurisdiction
Seattle, WA
Location
Seattle
Has Description
true
Item
EXTRA-77838 - USA (Seattle, Washington) - Affordable Homeownership Revolving Construction Catalyst Fund Administrator Service - Deadline November 2,2026 (1) Vendor n

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