260831_RFP Addenda.pdf

This addendum to a Request for Qualifications (RFQ) issued by the New York Housing Finance Agency (HFA), State of New York Mortgage Agency (SONYMA), Mortgage Insurance Homeownership Program Board of Authority (MBBA), and Tuition Savings Facility Corporation (TSFC) provides amendments to the solicitation for Underwriter Services. The RFQ seeks to establish Prequalified Panels (PQLs) of Senior Managing Underwriters (Tier 1) and Co-Managing Underwriters (Tier 2), along with a Selling Group Members list (Tier 3), to support the agencies' bond sale and issuance activities. Qualified firms registered with the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and/or the Municipal Securities Rulemaking Board (MSRB) are eligible to apply. The addendum, issued on August 31, 2026, corrects the proposal submission date to September 28, 2026, and amends Section Tab 2-B Number 9 on Page 31 of the RFQ.

Senior Managing Underwriters coordinate the underwriting syndicate and manage bond structuring, pricing, marketing, and execution, while Co-Managing Underwriters provide supporting services in marketing and distribution. Selling Group Members distribute bonds to investors without assuming underwriting responsibilities or risk. Firms may apply for one or both PQL tiers, with automatic inclusion on the Selling Group Member list upon PQL selection, or apply solely for the Selling Group Member list. Proposals must address all four agencies collectively, and the agencies expect to select multiple qualified firms for the PQLs to facilitate numerous future bond offerings.