HFA Issues RFP

The Pennsylvania Housing Finance Agency is looking for investment banking and swap advisory services.

The authority will form a new senior manager pool and select one or more swap consultants for a two-year contract, with the possibility of officials extending the agreements for another two years. Banking proposals are due by June 19 and swap advisory responses are due by June 12.

PHFA may also select qualified banking firms for co-senior manager services and co-manager positions. Firms will need to develop financing programs and strategies, expand primary and secondary markets for PHFA securities, and provide financial market information, among other duties.

Swap consultant services include monitoring the authority’s swap portfolio, assisting in structuring transactions, and providing presentations when necessary, as well as other services.

The authority is also seeking qualifications for quantitative services for its home ownership program indenture, or for other bond program indentures, insurance pool portfolios, or funding programs, according to the request for qualifications.

For nearly 35 years, PHFA has supplied $8 billion of funding and tax credits for home mortgage loans and apartment units, according to the authority’s Web site.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER