Affordable Homeownership Revolving Construction Catalyst Fund Administrator Service

The Washington State Housing Finance Commission seeks an administrator for an Affordable Homeownership Revolving Construction Catalyst Fund. The selected vendor must establish and manage a state-capitalized revolving loan fund, set up loan policies and accounting systems, and coordinate regularly with the agency. Responsibilities include marketing financing statewide to eligible nonprofit homeownership developers, managing borrower reviews and approvals, and providing financing for predevelopment, site preparation, infrastructure, acquisition, and construction costs while ensuring timely loan repayments. Entities that meet the minimum qualifications and are available to perform offsite work in Washington State are eligible to apply. Applicants must submit a Letter of Submittal, Proposal, References, Cost Proposal, and completed RFP exhibits. Questions must be submitted by October 9, 2026, and an optional pre-bid conference takes place on October 16, 2026. Proposals are due by November 2, 2026, at 5:00 pm Pacific Time. The estimated five-year contract period runs from December 15, 2026, through December 15, 2031.