South Dakota Housing Development Authority Awards Financial Services Contract to Wells Fargo Bank, National Association (May 2026)

The South Dakota Housing Development Authority authorized negotiations with Wells Fargo Bank, National Association for the potential sale of homeownership mortgage bonds. The bond issuance may total up to $150 million, with the net underwriting fee capped at 1.50% of each series' principal amount.

Document date · May 12, 2026

Track South Dakota Housing Development Authority contracts

Get alerts when new contracts are awarded or existing ones approach renewal at South Dakota Housing Development Authority.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

Aggregate bond issuance not to exceed $150,000,000; net underwriting fee not to exceed 1.50% of the principal amount of each Series

Contract type

FINANCIAL_SERVICES

Renewal

No renewal terms stated; authorization concerns a future bond issuance and related Contract of Purchase.

Document type

Minutes

Source document

South Dakota Housing Development Authority Minutes Board of Commissioner's Meeting 2026-05-12

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Dakota Housing Development Authority?

Wells Fargo Bank, National Association was awarded this financial services contract by South Dakota Housing Development Authority, as recorded on May 12, 2026. The contract value is Aggregate bond issuance not to exceed $150,000,000; net underwriting fee not to exceed 1.50% of the principal amount of each Series.

How much is the Wells Fargo Bank, National Association contract with South Dakota Housing Development Authority worth?

The Wells Fargo Bank, National Association contract with South Dakota Housing Development Authority is valued at Aggregate bond issuance not to exceed $150,000,000; net underwriting fee not to exceed 1.50% of the principal amount of each Series, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in South Dakota Housing Development Authority Minutes Board of Commissioner's Meeting 2026-05-12 (Minutes), dated May 12, 2026 from South Dakota Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank, National Association hold?

Wells Fargo Bank, National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Wells Fargo Bank, National Association's profile

What is South Dakota Housing Development Authority currently buying?

Explore South Dakota Housing Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View South Dakota Housing Development Authority's profile