Catalyst Fund Administrator Service

The Seattle-based government authority requires a vendor to provide Catalyst Fund Administrator services to expand affordable homeownership across Washington. The selected administrator must manage a revolving financing mechanism, conduct statewide marketing, perform loan origination and underwriting, and handle portfolio management to support nonprofit homeownership developers. This initiative aims to lower financing barriers, accelerate housing delivery through off-site construction methods, expand local off-site manufacturing capacity, and leverage additional public, philanthropic, and private capital. To be eligible to bid, applicants must be based onshore within the United States. The work performance will occur offsite under a one-year contract term, and the buyer is currently seeking budget proposals. The provided text does not state specific application submission deadlines, question dates, detailed proposal evaluation criteria, or explicit nonprofit applicant eligibility for the administrator role itself.