Financial Consulting Services

The Norfolk Redevelopment and Housing Authority in Norfolk, Virginia, is seeking financial consulting services to maintain and improve financial compliance with Department of Housing and Urban Development regulations. The agency needs to strengthen its long-term financial sustainability and support its redevelopment, repositioning, and capital planning efforts. To solve these challenges, the agency requires a consultant to develop authority-wide and Asset Management Project-level financial projections and conduct portfolio-level financial health assessments. The scope of work covers scenario modeling for subsidy proration, Rental Assistance Demonstration conversions, and repositioning strategies. The selected consultant must perform a comprehensive internal controls assessment and develop agency-wide cash flow projections. Additionally, the agency requires the consultant to coordinate preparations for annual independent audits and ensure strict compliance with all relevant HUD regulations. Eligible bidders must be onshore organizations based in the United States. The agency requires all performance of the work to occur offsite. Bidders must submit their proposals digitally via email or through the designated online portal, and the agency is currently looking for proposals to establish the budget. Bidders must submit all questions regarding this opportunity no later than June 12, 2026.