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Community Development Loan Fund Consultant
10/31/2024
-
Pomona, NY
County of Rockland
Buyer seeks a consultant to assist in administering an affordable housing loan fund created with $13.5 million in ARPA funding. The consultant will provide support across project review, selection, closing, monitoring, and servicing phases. Buyer also requires assistance in establishing its own revolving loan fund for ongoing affordable housing support. The consultant must have expertise in loan fund administration, underwriting, legal coordination, and compliance with federal regulations.
- 10/21/2024 - Deadline for questions
- 10/23/2024 - Pre-proposal meeting
- 10/31/2024 - Proposal Due Date
- Minimum of three years experience managing affordable housing loan funds
- Knowledge of underwriting, loan servicing, and compliance with federal regulations
- Experience collaborating with legal counsel on loan documentation
- Expertise in monitoring loan disbursements and managing modifications
- Experience establishing and managing revolving loan funds
- 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 performance
- Manage loan repayment processes
- Provide support for ongoing revolving loan fund administration
- Assist with compliance and reporting requirements