Massachusetts COMMBUYS #BD-27-1003-EOAS-EOAS-133896

Administration of $50M Municipal Revolving Loan Program for Massachusetts

The Commonwealth of Massachusetts Executive Office for Administration and Finance (EOAF) is seeking a qualified vendor to administer a new $50 million municipal revolving loan program. - Government Buyer: - Executive Office for Administration and Finance (EOAF), Commonwealth of Massachusetts - OEM/Vendor Highlighted: - Massachusetts Development Finance Agency (MassDevelopment) - Services Requested: - Administration of a municipal revolving loan program - Loan underwriting - Loan servicing - Compliance management - Portfolio management - Program covers two loan products: - General Loan Program (for municipal capital projects with federal funding) - Green Loan Program (for municipal clean energy projects qualifying for federal tax credits) - Notable Requirements: - Program prioritizes Gateway Cities and rural communities - Open to other qualified vendors who can provide comparable or better services - Classified under UNSPSC code 841415 (Governmental credit agencies) - Estimated contract value: $50,000,000 (program funding)

Description

This solicitation is for due diligence services related to the Municipal Revolving Loan Program. The scope includes administering a new municipal revolving loan program as specified in the UNPSC code 84-14-15 (Governmental credit agencies). The program will consist of two low-interest rate loan products: a General Loan Program for municipal capital projects with federal funding, and a Green Loan Program for municipal clean energy projects qualifying for federal tax credits. The program prioritizes Gateway Cities and rural communities, with responsibilities including loan underwriting, servicing, compliance, and portfolio management. The contract period is expected to commence in October 2026 and continue as long as the program remains funded.

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