Due Diligence NOI: Municipal Revolving Loan Program

The Executive Office for Administration and Finance of the Commonwealth of Massachusetts is soliciting responses to administer a municipal revolving loan program funded with $50 million under Chapter 214 of the Acts of 2024, with responses due October 9, 2026 at 4:00 PM Eastern Time. This is a due diligence posting and best value procurement, not a standard competitive RFP — the Commonwealth will accept the current proponent (MassDevelopment) unless a responding vendor demonstrates comparable or superior qualifications and offer value.

The scope spans loan underwriting, servicing, compliance, and portfolio management for two low-interest loan products: a General Loan Program addressing financing gaps for municipal capital projects with secured federal funding, and a Green Loan Program providing bridge financing for municipal clean energy projects that qualify for federal tax credits. The program prioritizes Gateway Cities and rural communities. The contract is expected to commence in October 2026 and continue for as long as program funding remains available.

Responding vendors must submit electronically through COMMBUYS and complete Commonwealth Terms & Conditions, W-9 documentation, and Standard Contract Forms. Vendor registration in COMMBUYS is available at no charge. The Commonwealth will review all responses and either reject MassDevelopment's offer in favor of an alternative vendor offering comparable or superior value, accept MassDevelopment's offer, or withdraw the notice. Technical support is available through the COMMBUYS Help Desk via website, email, or telephone during business hours.