Sacramento Housing And Redevelopment Agency Opengov #259295

SHRA Banking and Investment Services Solicitation

The Sacramento Housing and Redevelopment Agency (SHRA) is seeking proposals from qualified financial institutions to provide banking and investment services for managing public funds. - Government Buyer: - Sacramento Housing and Redevelopment Agency (SHRA), Finance Office - Scope of Services: - Comprehensive banking and investment services for public funds - Day-to-day depository services, cash management, and interest-bearing accounts - Fraud protection and electronic payment processing - Detailed financial reporting and HUD-compliant investment options - Support for rent collection, accounts payable, payroll, Housing Choice Voucher disbursements, security deposits, escrowed funds, and short-term investments - Requirements: - Financial stability and ability to fully collateralize deposits - Technology-enabled solutions to enhance efficiency and transparency - Compliance with federal HUD requirements and strong internal controls - Practical innovations for public-sector clients - OEMs and Vendors: - No specific OEMs or vendors named; open to all qualified financial institutions - Notable Details: - Emphasis on robust internal controls, HUD compliance, and operational innovation - No product part numbers or quantities specified; focus is on service delivery

Description

The Sacramento Housing and Redevelopment Agency is seeking proposals for comprehensive banking and investment services. The scope includes depository, cash management, electronic payments, and HUD-compliant investment options. The procurement process requires detailed submission requirements and adherence to federal and local regulations. A pre-proposal meeting will be held via Zoom on September 1, 2026, and proposals must be submitted by September 22, 2026. The contract period is initially 5 years with no renewal options.

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