The City of Oklahoma City

The buyer seeks a contractor to process down payment assistance applications and grants for income-eligible homebuyers. The program assists eligible buyers with down payment, closing costs, and possible interest rate reduction. The contractor will handle client intake, income evaluation, marketing, compliance, and fund disbursement. Services include processing approximately 40 DPA grants averaging $18,000 each in the upcoming year.

• 11/7/2024 - Technical questions due
• 11/13/2024 - Proposal Due Date
• 11/14/2024 - Interviews and clarifications
• 12/17/2024 - Contract Approval

• Process down payment assistance applications for income-eligible homebuyers
• Conduct income qualifications according to HUD requirements
• Provide outreach and marketing for the Down Payment Assistance program
• Deliver homebuyer education through HUD Certified Housing Counselors
• Manage funds disbursement and reimbursement for DPA transactions
• Ensure compliance with HUD's HOME program federal requirements
• Maintain records and documentation for each DPA transaction
• Submit monthly invoices itemizing DPA transactions and professional services fees
• Provide customer service and intake for potential DPA applicants
• Verify applicant eligibility for the Down Payment Assistance program