RFI lending partners for commercial establishments

Closed State & local contract opportunity

Solicitation number
25-P-00139
State
Florida
Responses due

Opportunity facts

Jurisdiction
UNSPSC codes
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Point of contact

Opportunity details come from procurement.opengov.com. Updated .

About this opportunity

Written by GovTribe AI ·

The City of Tampa's Development and Economic Opportunity Portfolio is conducting a Request for Information (RFI) to identify lending partners for commercial establishments in designated areas, specifically targeting neighborhood stabilization and economic revitalization. The RFI seeks feedback from lending institutions to develop financing programs for the Community Redevelopment Agency (CRA) Commercial Grant Portfolio and a Retail Initiative in Low to Moderate Income Areas. Prospective lenders will be evaluated on their ability to provide flexible financing, including microloans, standard loans, and commercial mortgage loans for purposes such as real estate acquisition, working capital, and equipment purchases. The solicitation covers two primary grant opportunities: Commercial Exterior and Interior Grants up to $75,000 with 50% matching requirements, and a Legacy Credit program that can reduce owner match based on property ownership duration. Key submission dates include question submissions due by March 24, 2025, at 1:00 pm, and proposal submissions due by April 1, 2025, at 1:00 pm, with all submissions to be made electronically through the OpenGov eProcurement Portal.

Eligible lenders must be private, non-profit, quasi-public, or tribally owned entities with at least five years of experience issuing small business loans and providing management assistance. The city is particularly interested in lenders who can offer competitive credit activities, such as flexible lending requirements, discounted interest rates, waived fees, and potential loan loss reserve pools. While no specific set-aside designations are explicitly mentioned, the program focuses on supporting businesses in low to moderate income areas, with a special emphasis on addressing food insecurity and expanding retail offerings in underserved communities. The RFI has a $0 department budget amount and aims to create a lender referral list for businesses participating in the city's economic development programs. The ultimate goals include expanding retail product offerings, increasing economic activity, and creating employment opportunities in underserved Tampa communities. Though no specific award value is listed, the program potentially supports grant and loan amounts up to $75,000 for commercial establishments, with the possibility of future funding through USDA Healthy Food Financing Initiative and Food Access and Retail Expansion Fund grants.

Opportunity text

The City of Tampa's Development and Economic Opportunity Portfolio is soliciting feedback from lending institutions interested in providing flexible, competitive financing terms to commercial establishments in designated areas to support neighborhood stabilization and economic revitalization. The City will be utilizing information gathered in this request for information to develop financing programs intended to support long-term objectives related to the Community Redevelopment Agency and a Retail Initiative in Low to Moderate Income Areas. Information gathered will be utilized in developing an application for a lender referral list to provide the business community, participating in the City's economic development programs.

Files

File Type Posted
RFI_LENDING_PARTNERS_FOR_COMMERCIAL_ESTABLISHMENTS_(Addendum_#1_Revision).pdf PDF
Solicitation_Review_Checklist_for_RFI_Lending_Partners_for_Commerical_Establishments.pdf PDF
Final_RFI_Document.pdf PDF
DEO_LENDING_PARTNERS_RFI_2-10-2025.docx DOCX document

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