CHFFA01-25 - Municipal Advisor for Bond Sale and Related Services

The California Health Facilities Financing Authority (CHFFA) has issued Request for Proposals (RFP) No. CHFFA01-25 seeking municipal advisory services for bond sales and related services. The procurement will result in two contracts - a Primary Contract and a Secondary Contract - to provide comprehensive municipal advisory support for tax-exempt bond issuances targeting qualified non-profit health facilities. Qualified municipal advisors will be responsible for reviewing underwriter proposals, evaluating financing structures, providing independent market comparables, participating in pre-pricing discussions, and assisting with post-sale evaluations. Respondents must be on the State Treasurer's Municipal Advisor Pool list, maintain an established California office, be qualified to do business in California, possess at least two years of experience as a municipal advisor to a statewide bond issuer, and be currently registered with the Municipal Securities Rulemaking Board and Securities Exchange Commission. Key procurement dates include a May 2, 2025 deadline for written questions, a May 16, 2025 proposal submission deadline, and an anticipated contract commencement on July 1, 2025.

The solicitation includes several preference programs, notably a 5% preference for small businesses and potential Disabled Veteran Business Enterprise (DVBE) incentives. The contract term spans three years, from July 1, 2025, through June 30, 2028, with a maximum contract amount of $300,000 for the Primary Firm and $250,000 for the Secondary Firm. Respondents must comply with state regulations including the Political Reform Act and Darfur Contracting Act. Firms must demonstrate comprehensive municipal advisory expertise specific to bond issuances for healthcare facilities, with a strong understanding of California's financial and regulatory landscape. The selection process will likely involve a comprehensive review of technical capabilities, past performance, local experience, and compliance with state-mandated preference and diversity requirements. Successful firms will be expected to provide expert guidance throughout the bond issuance process, ensuring financial efficiency and regulatory compliance for non-profit health facility financing.