Bid Description
RI Housing and Mortgage Finance Corporation
Bid Number:RFP - Standby Bond Purchase Agreements
| Description |
| Rhode Island Housing and Mortgage Financing Corporation (RIHousing) is seeking proposals for one or more standby bond purchase agreements (a “Facility”) to support variable rate demand obligations and/or for alternative variable rate financing structures issued under RIHousing’s Homeownership Opportunity Bonds Resolution (HOB) or its Multi-Family Development Bonds Resolution (MFDB). RIHousing will request a fee commitment and credit approval from the successful Facility bidder (the “Provider” or “Providers”).
Facilities are requested in amounts up to $100 million principal plus interest under RIHousing’s HOB and/or MFDB indentures, closing on or after January 1, 2023 (terms to be determined and subject to change). Bonds may be tax-exempt or taxable.
Please indicate if your firm is interested in remarketing a series for which the firm provides a Facility. If so, indicate the annual remarketing fee and include any offering or reoffering costs. Inability to remarket a series will not be used in evaluation of responses, though costs may be. |
