Affordable Homeownership Revolving Construction Catalyst Fund Administrator

The Washington State Housing Finance Commission is seeking a qualified Community Development Financial Institution or mission-aligned financial intermediary to serve as the administrator and lender for the Affordable Homeownership Revolving Construction Catalyst Fund. This initiative involves managing a 10 million dollar Program-Related Investment designed to provide revolving predevelopment and construction financing for nonprofit homeownership developers across Washington State, with a specific focus on accelerating housing delivery through 2D panelized and 3D modular off-site construction methods. The selected contractor will be responsible for fund administration, pursuing supplemental capital, and providing quarterly and annual performance reports. The estimated period of performance is from December 15, 2026, to December 15, 2031, with the possibility of two additional five-year extensions. Proposals must be submitted electronically by November 2, 2026, and are limited to 10 pages, excluding specific exhibits. Evaluation is based on the best interest of the Commission and the state of Washington rather than the lowest cost. Required documentation includes a Diverse Business Inclusion Plan and a Workers' Rights Certification. The contractor must maintain comprehensive insurance, including commercial general liability and professional liability of at least 1 million dollars per occurrence, and fidelity coverage of 100 thousand dollars. Payment is processed within 30 calendar days of receiving a proper invoice, and the contract is subject to audit by the Commission and the Office of the State Auditor.