Single-Family Underwriter RFP

The Washington State Housing Finance Commission (the "Commission") is requesting proposals from qualified underwriting firms to provide single-family investment banking and underwriting services for the period January 1, 2025 through December 31, 2026. The selected firms will be expected to participate on the single-family finance team to develop and structure each bond issue, as well as purchase the Commission's bonds, provide wide distribution, and maintain a secondary market. The RFP outlines minimum net capital requirements of $100 million for Senior Managers and $10 million for Co-Managers, and requires proposers to provide details on their firm's experience, qualifications of assigned personnel, commitment to diversity, equity, and inclusion, and proposed underwriter compensation. The Commission will evaluate proposals based on cost-effectiveness, capital adequacy, reputation, diversity commitment, qualifications of assigned personnel, and prior experience with the Commission's bond sales. The RFP schedule includes an issue date of October 22, 2024, a pre-bid conference on November 1, 2024, and a proposal due date of November 12, 2024, with a target Commission approval date of December 12, 2024.

The procurement is open to all qualified underwriting firms licensed to do business in the state of Washington. The Commission may select a roster of underwriters qualified to manage or co-manage single-family bond issues and may retain a senior managing underwriter for a fixed period of up to two years with a potential for two one-year extensions. The budget range or award value is not specified in the provided materials.