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This Solicitation opportunity from New Jersey was posted on September 11, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

RFQ Financial Institutions and Lending Partners

Closed
25-S-010State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 522291
SLED
Connecticut Career Accelerator Program: Program Administration
Solicitation # 27ECD2530b
The Connecticut Office of Workforce Strategy is soliciting proposals for the administration of the Connecticut Career Accelerator Program (CT CAP), an initiative designed to help learners obtain valuable credentials and workforce training through Outcomes-Based Loans (OBLs). The program specifically targets high-need career pathways, including commercial driver's licenses (CDL), licensed practical nursing (LPN), and paramedic training. The scope of work is divided into two primary service areas: Program Management, which involves fund formation, governance, and relationship management; and Origination and Servicing, which covers loan servicing, repayment monitoring, and borrower support. While the agency prefers a single organization to handle both areas, it may award contracts to multiple respondents based on proposal quality. The total available funding for the successful proposer(s) is 4,840,000 dollars, with administrative costs expected not to exceed 750,000 dollars over a five-year base term. This term includes a three-year OBL deployment period followed by a two-year period for initial servicing and outcomes reporting, with the possibility of further extensions. Key milestones include establishing legal and logistical frameworks by January 1, 2027, launching the CDL pathway within six months, and completing fund formation documents by July 1, 2027. Proposals are due by November 23, 2026, and must be submitted directly to the Agency Official Contact rather than through CTSource. Applicants must provide a detailed budget using the revised Exhibit E template, a comprehensive staffing plan, and evidence of financial standing. Crucially, any entity performing loan servicing must be licensed by the Connecticut Department of Banking. Evaluation will be conducted by a Review Committee, with the final selection made by the Chief Workforce Officer.
DAS Procurement

POSTED

10 days ago

DEADLINE

in 26 days

General Info

Place of Performance

NJ, USA

Set-Aside

NONE

Documents

0

No documents available

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Timeline

1 update
PhaseClosed
Posted

Solicitation

Notice updated

Response deadline changed from Oct 29, 2025 to Oct 8, 2025. NAICS code added: 522291. The notice description changed.

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyNew Jersey → Newark Housing Authority
Contacts1 person available
OfficeN/A
Office AddressN/A
Contacts
Claunella Richardson

Full Description

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25-S-010 - Request for Qualifications (RFQ) for Financial Institutions and Lending Partners. Essex County, New Jersey, United States. Newark Housing Authority. The Newark Housing Authority (NHA) seeks submissions from financial institutions and lending partners interested in offering financing services that will support NHA’s housing and community development initiatives. This RFQ aims to...

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