About this opportunity
AI summaryThe Housing Opportunities Commission of Montgomery County (HOC) requires banking services, including transactional banking services for payments, rent collection, agency reimbursements, account management, reconciliation, and technology tools. HOC also requires credit for property acquisition, maintenance, and working capital, and responding banks must commit to a Line of Credit that assumes current outstanding loan amounts. Eligible banks must be FDIC members, compliant with Community Reinvestment provisions, and onshore USA organizations. The contract term is two years. A virtual and telephone pre-proposal conference will occur at 11:00 a.m. on October 6, 2026. Bidders must submit questions to HOC’s OpenGov Procurement Portal by 12:00 p.m. on November 10, 2026. Proposals are due digitally via Email, Online, or OpenGov by 2:00 p.m. on December 17, 2026. An Evaluation Team will evaluate proposals up to 100 possible points, including weighted factors for lines of credit structure, flexibility, and pricing (25 points), and transactional services pricing (10 points). Firms scoring at least 80 points will be considered for an interview. Budget details state HOC is looking for proposals.
Buyer and opportunity details
- Client
- Housing Opportunities Commission of Montgomery County
Scope of work
- Commitment to a $150 million Real Estate Line of Credit and a $60 million line of credit including assumption of outstanding loans
- Transactional banking services for vendor, salary, rent collection, agency reimbursements, and other payments
- Account management and reconciliation services for 318 accounts
- Technology tools to manage the bank and agency interface
- Full collateralization of all collected deposited funds in accordance with State and/or County Code
- Multi-channel solutions to collect funds and reduce in-house scanned checks and money orders via lockbox arrangement
- Mandatory Positive Pay, ACH debit blocks, and full reconcilement banking services
- Provision of web portal and technology for a two-hour virtual demonstration
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Depository Services including services to HOC clients | 20 |
| Disbursement Services | 15 |
| Lines of credit, structure, flexibility and pricing | 25 |
| Electronic banking services | 20 |
| Number of branch locations or partner branch locations in Montgomery County | 5 |
| Minority/Female/Disabled Business Enterprise Participation | 5 |
| Pricing for transactional services | 10 |
Minimum qualifications
- Incorporated under Maryland laws, another state's laws, or a National Banking Association, and eligible to do business in Maryland
- Member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System
- Follow EFT, EBT, and ACH processing guidelines maintained by NACHA
- Compliant with all provisions of the Community Reinvestment Act (CRA)
- Compliant with the Equal Opportunity Employment Act and supply copy of most recent EEO-4 report
- Firm commitments for the full $210 million credit facility prior to transactional services evaluation
Documents to include with your response
- Question worksheet
- Implementation plan worksheet
- Pricing worksheet
- Most recent Equal Employment Opportunity report (EEO-4)
- List of employees and subcontractor employees working on the project for background checks
- Certificate of Insurance naming HOC as additional insured
Key dates
- Pre-bid meeting
- October 6, 2026 at 11:00 a.m.
- Questions due
- 12:00 p.m., November 10, 2026
- Proposals due
- 2:00 p.m., on December 17, 2026
How to submit
- Method
- Electronic via the agency portal
- Instructions
- Submitted through HOC's OpenGov Procurement Portal using the attached excel workbook by completing the question, implementation plan, and pricing worksheets. No additional material accepted.
Contract details
- Term
- Two (2) years with three (3) one-year renewal options
- Place of performance
- Silver Spring, MD / Offsite
- Insurance and bonding
- Commercial General Liability: $1M per claim/$2M aggregate; Professional/Management Liability: $5M per claim/$5M aggregate; Auto Liability: $1M combined single limit; Fidelity Bond/Crime Insurance: $10M per claim/$10M aggregate; Worker's Compensation: $500K; Cyber Insurance: $30M per claim; Directors and Officers Liability: $10M per claim/$10M aggregate.
- Funding
- HOC Works