Due Diligence NOI: Municipal Revolving Loan Program

The Executive Office for Administration and Finance for the Commonwealth of Massachusetts is seeking a provider to administer a new municipal revolving loan program funded with 50 million dollars under Chapter 214 of the Acts of 2024. The program features two distinct low-interest loan products: a General Loan Program to address financing gaps for municipal capital projects with federal funding, and a Green Loan Program providing bridge financing for clean energy projects qualifying for federal tax credits. Priority for these loans will be given to rural communities and Gateway Cities. The selected vendor will be responsible for comprehensive administrative functions, including loan underwriting, servicing, compliance, and portfolio management. This solicitation, number BD-27-1003-EOAS-EOAS-133896, is an open market procurement with a response deadline of October 9, 2026. The agency intends to accept a best value offer and is utilizing a due diligence posting to determine if qualified vendors can provide a comparable or better offer than the identified offeror. The contract is expected to commence in October 2026 and continue for the duration of the program's funding. All quotes must be submitted electronically via COMMBUYS, and awarded vendors must maintain an active account and provide standard Commonwealth documentation, including a W-9 and electronic funds transfer authorization.