Sacramento Housing And Redevelopment Agency Opengov #2610-KP

SHRA Banking and Investment Services Solicitation

The Sacramento Housing and Redevelopment Agency (SHRA) is seeking proposals from qualified financial institutions to deliver comprehensive banking and investment services for its operations. - Government Buyer: - Sacramento Housing and Redevelopment Agency (SHRA), serving both City and County of Sacramento - OEMs and Vendors: - No specific OEMs or vendors named; open to all qualified financial institutions - Products/Services Requested: - Comprehensive banking and investment services - Day-to-day depository services - Cash management solutions - Interest-bearing accounts - Fraud protection tools - Electronic payment services - Financial reporting capabilities - HUD-compliant investment options - Unique/Notable Requirements: - Must fully collateralize deposits - Technology-enabled solutions required - Compliance with HUD and public-sector regulations - Support for multiple housing programs - Strong internal controls, security, and transparency - Practical innovations for public-sector banking - The procurement aims to modernize SHRA's banking operations, improve efficiency, and safeguard public funds.

Description

The Sacramento Housing and Redevelopment Agency (SHRA) is seeking a qualified financial institution to provide comprehensive banking and investment services. The services should support secure, efficient, and compliant management of public funds across SHRA's housing programs. The scope includes day-to-day depository services, cash management, interest-bearing accounts, fraud protection, electronic payments, reporting, and HUD-compliant investment options. The goal is to establish a dependable banking relationship that supports compliance, stability, and operational efficiency.

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