Wednesday, November 6 deadline for City housing loan monitoring proposals

Wednesday, November 6 deadline for City housing loan monitoring proposals

Financial management and other qualified firms, the City wants your proposal to provide loan underwriting, servicing and monitoring services for the City's Community Development housing loan program. Drop off your sealed proposal for this work at the City Manager’s Office until 3 p.m. on Wednesday, November 6, 2013. The award for this contract is anticipated to be made at the City Council’s regularly scheduled meeting on Wednesday, November 20, 2013. For more information on the bid process and for information on this competitive bid request, see the Finance Department's Purchasing webpage.

The Bid Package for this work can be obtained from Harold Miller at the office of the Purchasing Agent at 736 F Street, Arcata, CA 95521 or on the City’s Community Development Department website. 

CITY OF ARCATA
NOTICE TO BIDDERS

HOUSING LOAN PROGRAM PORTFOLIO MANAGEMENT REQUEST FOR PROPOSALS (RFP)

The City of Arcata is seeking proposals from financial management and other qualified firms to enter into a multi-year agreement up to five years to provide loan underwriting, servicing, and monitoring services for housing loans issued through the Community Development Department. The housing loan program is funded by Community Development Block Grant (CDBG), HOME Investment Partnership Program and City funds. Federal overlays related to the CDBG and HOME programs apply and are explained in detail in the bid package. Services required of the successful bidder will include all aspects of loan servicing including loan origination/setup, longterm tracking, housing loan underwriting, processing monthly statements, collections, customer service, impound account servicing, quarterly/annual reporting, and other tasks.

Sealed proposals for this work will be received at the City Manager’s Office, 736 F Street, Arcata, California, until 3:00 p.m. on November 6, 2013. The award for this contract is anticipated to be made at the City Council’s regularly scheduled meeting on November 20, 2013. The Bid Package for this work can be obtained from Harold Miller at the office of the Purchasing Agent at 736 F Street, Arcata, CA 95521 or on the City’s Community Development Department website on or after Wednesday, October 16, 2013.