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Senior Managing Underwriter (Tier 1)

Active
State & Local

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The Senior Managing Underwriter (Tier 1) subcontract for the New York State Department of Homes and Community Renewal involves leading the underwriting syndicate for prime contractors on bond issuance projects. The selected provider is responsible for structuring and pricing bonds, coordinating the overall underwriting process, managing order books and allocations, and executing final bond transactions. Key deliverables include the completed bond transactions and detailed pricing reports. To qualify, firms must maintain registration with the SEC, FINRA, and or MSRB, and must possess a physical office located within New York State. Additionally, contractors are required to carry at least 1 million dollars in professional liability insurance. The solicitation was posted on October 14, 2026, with a response deadline of November 12, 2026.

General Info

NY State bond underwriting subcontract requiring SEC registration, NY office, and liability insurance.

Documents

This scope was carved out of 2139892.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Request for Qualifications for Underwriter Services Reissued

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Organization & Contact Information

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AgencyNew York → NYS Department of Homes & Community Renewal
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Leads the underwriting syndicate for prime contractors on NYS Department of Homes & Community Renewal bond issuance projects. Structures and prices bonds, coordinates the underwriting process, manages the order book and allocations, and executes final bond transactions. Requires SEC, FINRA, and/or MSRB registration, a physical office in New York State, and $1M professional liability insurance. Delivers executed bond transactions and pricing reports.

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Same NAICS industry code

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Same awarding agency

NAICS: 523150
New
SLED
Request for Qualifications for Underwriter Services Reissued
Solicitation # 2139892
The New York State Department of Homes and Community Renewal is soliciting qualified firms to establish Prequalified Panels and a Selling Group Members list for the sale and issuance of bonds for HFA, SONYMA, MBBA, and TSFC. The procurement is structured into three tiers: Tier 1 Senior Managing Underwriters who lead the syndicate and manage the full underwriting process; Tier 2 Co-Managing Underwriters who support marketing and distribution; and Tier 3 Selling Group Members who distribute bonds without assuming underwriting risk. Firms must be registered with the SEC, FINRA, and/or the MSRB and are required to maintain a physical office in New York State. Selection is based on a composite score, with Tier 1 and Tier 2 applicants requiring at least 65 points, derived from a 90-point technical evaluation and a 10-point diversity assessment. The Agencies have established a 30 percent MWBE and 6 percent SDVOB contracting goal. Qualified firms must provide two years of audited financial statements and meet specific insurance requirements, including professional liability coverage of at least 1 million dollars per claim. Proposals must be submitted via email by November 12, 2026, and must adhere to strict formatting guidelines, including a combined 11-page limit for technical narratives. Prequalified firms will be subject to an annual recertification process to maintain their status on the panels.
Investment Banking and Securities Intermediation

POSTED

6 days ago

DEADLINE

in 23 days
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