Banking and Investment Services

The Sacramento Housing and Redevelopment Agency (SHRA) is soliciting proposals for Banking and Investment Services to support its role as the housing authority for the City and County of Sacramento. The agency requires a qualified financial institution to provide comprehensive banking and cash management services, including the receipt of rents, accounts payable and payroll processing, Housing Choice Voucher disbursements, security deposit maintenance, and short-term investment management. The selected partner must possess the operational capacity, technology, and internal controls necessary to safeguard public resources and ensure compliance with HUD requirements and procurement standards. The contract includes a variety of specific service line items such as ACH fraud filter reviews, monthly ACH services, desktop deposits, positive pay exceptions, and various reporting and remittance functions, all of which require pricing to be quoted by the offeror. Prospective offerors must submit their proposals electronically through the Agency's Electronic Bid Portal. The award will be made to the offeror determined to be most advantageous to the agency, considering cost, price, and other specified factors. Evaluation criteria include the contractor's financial resources, performance record, integrity, business ethics, and compliance with public policies such as Equal Employment Opportunity. Contractors are subject to strict compliance mandates, including Section 3 of the Housing and Urban Development Act of 1968, the Federal Privacy Act of 1974, and various insurance and confidentiality requirements. Additionally, the contract stipulates that subcontracting is generally prohibited and that all work must be performed in accordance with the agency's standards, with the legal venue for all contract-related actions being Sacramento County, California.