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Community Development Loan Fund Consultant

10/31/2024
-
Pomona, NY

County of Rockland

Buyer seeks a consultant to administer an affordable housing loan fund created with $13.5 million in ARPA funding. The consultant will assist in project review, selection, closing, and monitoring of loans. Buyer also plans to establish a revolving loan fund requiring ongoing implementation support. The consultant will provide underwriting, policy guidance, and related services for both the ARPA and future County loan funds.

  • 10/21/2024 - Deadline for questions
  • 10/23/2024 - Pre-proposal meeting
  • 10/31/2024 - Proposal Due Date
  • Minimum of three years experience in loan fund administration
  • Knowledge of underwriting, loan servicing, and federal regulations compliance
  • Experience managing affordable housing loan funds, especially ARPA-funded
  • Expertise in project underwriting and credit assessment
  • Experience with revolving loan fund administration
  • Conduct application review and scoring for loan fund applicants
  • Prepare credit memoranda and term sheets for project financing
  • Oversee loan closing process and documentation
  • Monitor loan disbursements and project progress
  • Provide ongoing loan servicing and portfolio management
  • Assist in establishing a revolving loan fund program
  • Prepare reports and presentations on loan fund activities
  • Coordinate with legal counsel on loan agreements
  • Review draw requests and monitor project budgets
  • Manage loan repayment processes and file closeout

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