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 ongoing loan compliance, financial stability, and operational quality across its affordable housing portfolio. The selected contractor will perform loan compliance monitoring, organizational underwriting, housing quality inspections, and provide technical assistance to owners, borrowers, and property managers. The scope of work requires 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 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. Inspectors must dress professionally and carry identifying badges or business cards, and the contractor must submit inspection reports via a cloud-based system within two working days of each inspection. Only organizations based in the United States are eligible to bid on this opportunity. The performance of the work will take place both onsite and offsite, and bidders must submit their proposals digitally via email or online. The agency is looking for proposals to determine the budget and has established a contract period of three years. The agency will host a non-mandatory pre-proposal meeting on June 8, 2026. Bidders must submit all questions regarding this opportunity no later than June 15, 2026.