BANKING SERVICES

The Housing Opportunities Commission of Montgomery County (HOC) is soliciting proposals from banking institutions to provide comprehensive credit and transactional banking services. The scope includes a $210 million credit facility (a $150 million real‑estate line of credit and a $60 million flexible line) and the consolidation/modernization of 318 existing accounts across operating, security‑deposit, reserve, and program‑specific accounts. HOC seeks banks that can offer competitive pricing, technology integration (e‑banking, lockbox, ACH, positive pay), financial‑inclusion products (low‑cost accounts, reloadable cards, literacy programs), and flexible credit structures. Proposals must include service descriptions, pricing, technology demonstrations, and an implementation plan for a six‑month transition. • Credit Facility: $210 M total ( $150 M real‑estate LOC, $60 M flexible LOC ), single‑source or syndicated. • Transactional Services: Management of 318 accounts, ZBA sweeping, ACH, lockbox, check processing, payroll, rent collection, vendor payments. • Technology Requirements: Integration with Yardi, web portal, positive pay, ACH debit blocks, virtual/sub‑accounts, two‑hour virtual demo. • Financial‑Inclusion: Free/low‑cost accounts, reloadable benefit cards, financial‑literacy classes for HOC clients. • Evaluation Factors: Depository & disbursement services, credit structure & pricing, electronic banking, branch presence, M/F/D business participation, overall pricing. • Contract Term: 2 years with three optional 1‑year renewals; transition period ≈ 6 months. • Mandatory Requirements: FDIC membership, CRA compliance, EEO reporting, rating considerations, insurance coverage, background checks.