EXEMPT RENEWAL NOTICE: Investment Bankers - Senior Managers

The contract pertains to the renewal of investment banking services specifically for senior managers, issued by the Illinois Housing Development Authority (IHDA). This renewal process is conducted under IHDA's exemption from the Illinois Procurement Code, emphasizing that it is not a solicitation but a renewal of existing agreements. The contract has a maximum value of 27.5 million dollars and is set for a two-year renewal period, with the potential for two additional renewal terms. The initial award, announced on November 6, 2025, was based on a Request for Proposal process, with multiple vendors selected, including prominent financial institutions such as Barclays Capital, BofA Securities, Jefferies, J.P. Morgan, Morgan Stanley, Raymond James, RBC Capital Markets, Wells Fargo, and others. The awarded vendors will provide senior investment banking management services, supporting IHDA's financial operations and projects within Illinois. The procurement process involved detailed evaluations, and the awarded firms are expected to continue their roles under the renewed contracts, ensuring ongoing financial advisory and management support for IHDA’s initiatives. The primary contact for inquiries is the Illinois Housing Development Authority’s accounts payable department.