Washington State Housing Finance Commission - Affordable Homeownership Revolving Construction Catalyst Fund Administrator - RFP No. 202609ADM (2026)
Washington State Housing Finance CommissionState · Seattle, WA- Due
- Nov 2, 2026
- Due today
- Posted
- Oct 5, 2026
- Contract term
- 5 years
- Primary contact
- Ashley Shtikel
- (206) 678-6847
The 30-second brief
The Washington State Housing Finance Commission seeks proposals from qualified Community Development Financial Institutions (CDFIs) or similarly mission-aligned financial intermediaries to serve as Fund Administrator and lender for the Affordable Homeownership Revolving Construction Catalyst Fund, a proposed $10 million Program-Related Investment (PRI) initiative. The Fund provides revolving capital to accelerate predevelopment and construction financing for nonprofit homeownership developers utilizing off-site construction methodologies such as 2D panelized and 3D modular construction. The selected contractor will establish and administer the revolving loan fund, conduct borrower eligibility reviews, underwriting, risk assessment, loan approvals, portfolio management, capital leveraging, and provide quarterly and annual reports. Proposals are due by November 2, 2026, at 5:00 pm PST, submitted via email to [email protected]. An optional pre-bid conference is scheduled for October 16, 2026. The initial contract period of performance is tentatively scheduled from December 15, 2026, to December 15, 2031, with options to extend for up to two additional five-year periods.
A fully operational revolving loan fund and lending program; Loan underwriting, Approval, Servicing, And compliance systems; Ongoing borrower technical assistance and portfolio management; Quarterly and annual performance reports; Recommendations for program improvements, Capitalization strategies, And long-term scaling opportunities.
Organizational Experience and Qualifications, Fund Administration and Lending Experience and Approach, Program Impact and Alignment with Fund Goals, Capital Leveraging and Partnership Development, Organizational Capacity and Staffing, Cost-effectiveness and Overall Value to WSHFC
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Summary
The Washington State Housing Finance Commission seeks proposals from qualified Community Development Financial Institutions (CDFIs) or similarly mission-aligned financial intermediaries to serve as Fund Administrator and lender for the Affordable Homeownership Revolving Construction Catalyst Fund, a proposed $10 million Program-Related Investment (PRI) initiative.
The Fund provides revolving capital to accelerate predevelopment and construction financing for nonprofit homeownership developers utilizing off-site construction methodologies such as 2D panelized and 3D modular construction. The selected contractor will establish and administer the revolving loan fund, conduct borrower eligibility reviews, underwriting, risk assessment, loan approvals, portfolio management, capital leveraging, and provide quarterly and annual reports. Proposals are due by November 2, 2026, at 5:00 pm PST, submitted via email to [email protected]. An optional pre-bid conference is scheduled for October 16, 2026. The initial contract period of performance is tentatively scheduled from December 15, 2026, to December 15, 2031, with options to extend for up to two additional five-year periods.
EVALUATION CRITERIA
6- Organizational Experience and Qualifications
- Fund Administration and Lending Experience and Approach
- Program Impact and Alignment with Fund Goals
- Capital Leveraging and Partnership Development
- Organizational Capacity and Staffing
- Cost-effectiveness and Overall Value to WSHFC
REQUIRED DELIVERABLES
5- A fully operational revolving loan fund and lending program
- Loan underwriting, Approval, Servicing, And compliance systems
- Ongoing borrower technical assistance and portfolio management
- Quarterly and annual performance reports
- Recommendations for program improvements, Capitalization strategies, And long-term scaling opportunities
REQUIRED ATTACHMENTS
7- Letter of Submittal
- Proposal
- References
- Cost Proposal
- Diverse Business Inclusion Plan (Exhibit B)
- Workers' Rights Certification (Exhibit C)
- Certifications and Assurances (Exhibit A)
- Submit to
- [email protected]
- Duration
- 60 months
- Scope location
- Seattle, WA
Questions about this RFP
How do I respond to this RFP from Washington State Housing Finance Commission?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 2, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Ashley Shtikel.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Washington State Housing Finance Commission in WA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Ashley Shtikel at (206) 678-6847. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: A fully operational revolving loan fund and lending program; Loan underwriting, Approval, Servicing, And compliance systems; Ongoing borrower technical assistance and portfolio management; Quarterly and annual performance reports; Recommendations for program improvements, Capitalization strategies,. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Organizational Experience and Qualifications, Fund Administration and Lending Experience and Approach, Program Impact and Alignment with Fund Goals, Capital Leveraging and Partnership Development, Org..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Washington State Housing Finance Commission?
All active and historical solicitations from Washington State Housing Finance Commission are tracked and searchable. As a state agency, Washington State Housing Finance Commission regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of November 2, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Letter of Submittal, Proposal, References, Cost Proposal, Diverse Business Inclusion Plan (Exhibit B), Workers' Rights Certification (Exhibit C), Certifications and Assurances (Exhibit A). Review the full document from Washington State Housing Finance Commission for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Seattle, WA. Review the full solicitation for detailed scope requirements.