Audit Services

The Texas Department of Housing and Community Affairs (TDHCA) is soliciting proposals for comprehensive audit services under RFP #332-RFP26-1002, with proposals due on April 2, 2026, at 2:00 p.m. Central Time. The agency seeks a qualified, nationally recognized certified public accounting firm to conduct annual audits of TDHCA's books, accounts, revenue bond programs, and unencumbered fund balances in accordance with generally accepted auditing standards and Government Auditing Standards. Key deliverables include unlimited-scope financial statement audits, opinions on internal controls and compliance with applicable laws and regulations, compliance testing with the Public Funds Investment Act, and the Financial Data Schedule report due by September 15, 2026, with all audit reports due by December 15, 2026. The initial contract term extends from May 1, 2026, through April 30, 2027, with TDHCA holding the option to renew for three additional one-year periods at its sole discretion, with interim fieldwork scheduled for early July, primary fieldwork in early October, and draft reports due in early December 2026. Respondents must be independent, properly licensed certified public accountants in Texas, and demonstrate relevant experience with housing finance agencies, tax-exempt and taxable bond issuances, governmental accounting, and arbitrage regulations. Proposals will be evaluated on a best-value standard with point allocations of 30 points for Firm Experience and Qualifications, 25 points for Key Personnel Qualifications, 25 points for Technical Approach and Capacity, and 20 points for Price, with pricing submitted as a firm, fixed-price proposal with all costs included and no variable costs listed separately. Written questions were due March 9, 2026, with responses posted March 12, 2026.

As a Texas state procurement, respondents are required to complete a Historically Underutilized Business (HUB) Subcontracting Plan, with TDHCA having determined that subcontracting opportunities are probable under this contract; proposals without a completed HUB Subcontracting Plan will be rejected. Statewide HUB goals for this procurement range from 11.2 percent for heavy construction to 32.9 percent for special trade construction, with specific percentages for professional services at 23.7 percent, other services at 26.0 percent, building construction at 21.1 percent, and commodities at 21.1 percent. TDHCA reserves the right to award the contract to one or more respondents, negotiate with multiple top-ranked firms, request best and final offers, and conduct presentations with top-scoring respondents at its sole discretion. The contract requires comprehensive insurance coverage with minimum limits of $500,000 per occurrence and $1,000,000 general aggregate, E-Verify compliance, drug-free workplace certification, and adherence to all federal and state laws. Based on TDHCA's audited financial statements as of August 31, 2025, the agency manages assets totaling approximately $4.7 billion across multiple housing finance programs, including $3.4 billion in bonds payable and $3.9 billion in revenue bond program assets, reflecting the significant scope and complexity of the required audit services. No specific budget or award value has been disclosed in the procurement documents; interested firms should submit open records requests for prior year fee details to establish pricing benchmarks.