Asset Management Services

The government authority located in San Mateo, California is seeking professional consulting services related to the asset management of funded affordable housing. The agency needs to solve the problem of ensuring long-term loan compliance, financial stability, and operational viability across its portfolio of affordable housing projects. To achieve this, the agency requires a contractor to perform loan compliance monitoring, organizational underwriting, housing quality inspections, and technical assistance for project owners, borrowers, and property managers. The scope of work covers reviewing up to three years of audited financial statements, existing loan documents, occupancy reports, operating budgets, annual compliance reports, residential service agreements, marketing plans, and physical inspection records. The selected contractor must conduct on-site monitoring visits to review financial documents and tenant files, and meet with property managers and asset managers to confirm compliance with regulatory agreements. Additionally, the agency requires inspectors to dress professionally, carry identifying badges or business cards, and submit inspection reports via a cloud-based system within two working days of each inspection. Eligibility is restricted to onshore organizations based in the United States. The agency allows the work to be performed either onsite or offsite, and bidders must submit their proposals digitally via email or online. The agency is looking for proposals to determine the budget and will award a contract with a performance period of three years. Key dates for this procurement include a non-mandatory pre-proposal meeting on June 8, 2026, and a deadline for submitting questions on June 15, 2026.