Continuous Advice and Recommendations

Rhode Island Housing and Mortgage Finance Corporation (RIHousing) has issued a Request for Proposals (RFP) titled “Continuous Advice and Recommendations” to solicit qualified financial services entities capable of providing ongoing advisory guidance related to the structuring, issuance, and execution of municipal securities and mortgage revenue bonds. The RFP, effective from January 2, 2025 through December 31, 2025, focuses on supporting various housing finance programs including affordable housing initiatives, bond structuring, refinancing strategies, securitization, hedging of variable-rate debt, and compliance with federal programs such as HUD’s MAP Lending and Sections 221(d)(3) and 223(f). Respondents are invited to provide advice and recommendations on these financial matters, with the express understanding that by responding to this publicly posted RFP, they do not thereby assume the status of a municipal advisor under the SEC’s Municipal Advisor Rule, which governs municipal securities advisory activities. The solicitation emphasizes regulatory compliance with the SEC Municipal Advisor Rule and public transparency requirements under Rhode Island’s Access to Public Records Act (APRA), as all proposals become public records. The RFP allows great flexibility in submission formats, permitting oral or written proposals without prescribed structure, page limits, or mandatory attachments. The scope involves continuous advisory services delivered to RIHousing at their Providence office, without a stated contract value or fixed pricing terms, suggesting the contract may take the form of an indefinite delivery/indefinite quantity (IDIQ) type or similar arrangement. Evaluation criteria are not explicitly weighted or described, but the agency underscores the importance of technical merit, experience, regulatory compliance, and the quality of advice for award decisions, reserving the right to accept or reject any proposal at its discretion. The solicitation does not specify detailed contract administration clauses, invoicing methods, or inspection procedures, reflecting its advisory nature rather than a traditional goods or services procurement. Overall, this RFP serves as a public invitation for expert financial consultants to support RIHousing’s municipal financing goals within a transparent and compliant framework governed by both SEC regulation and state public records law.