BANKING SERVICES

The Housing Opportunities Commission of Montgomery County, Maryland, is soliciting proposals under solicitation 2027-RFP-034 for comprehensive banking services. The scope of work includes depository, disbursement, and electronic banking services for 318 accounts covering operating requirements, property management, and Housing Choice Vouchers. Additionally, the commission requires a total credit facility of 210 million dollars, consisting of a 150 million dollar real estate line of credit and a 60 million dollar flexible line of credit for working capital. Proposals must be submitted via the OpenGov Procurement Portal by February 27, 2027, using a mandatory Excel workbook that includes sections for questions, implementation, pricing, and disclaimers. Award selection is based on a 100-point weighted system focusing on credit facility structure and pricing, depository and electronic banking services, disbursement services, local branch presence, and minority, female, or disabled business enterprise participation. Only firms scoring 80 points or higher will be considered for interviews. Eligible banking institutions must be members of the FDIC and the Federal Reserve System, comply with the Community Reinvestment Act and Equal Opportunity Employment Act, and be authorized to do business in Maryland. Contractors must also adhere to strict background screening requirements and the HOC Works program goals, which promote the hiring and training of residents and participation of minority-owned businesses.