Request for Proposals for Trustees and Loan Services

The Ohio Air Quality Development Authority is seeking qualified, accredited, and insured financial institutions to serve as Trustees and Loan Servicers. The selected institutions will be responsible for receiving, tracking, accounting, disbursing, collecting, and reporting federal funds on behalf of the Authority. The scope of services includes trustee services, loan servicer services, and loan loss reserve fund services. The Authority intends to select multiple organizations as partners. • The Authority's vision is to position Ohio as a leader in harmonizing a strong economy and a healthy environment. • The Authority's mission is to improve air quality by supporting businesses, creating jobs, and improving communities while enhancing the health and safety of all Ohioans. • The Authority has several programs, including the Clean Air Improvement Program and Small Business Assistance Program. • The Authority is seeking institutions with experience partnering with the State of Ohio, its agencies, and departments, and other political subdivisions. • The Authority is seeking institutions with knowledge of federal and state loan program requirements and experience servicing revolving loan funds. • The selected institutions will be required to provide monthly and annual status reports, set up amortization schedules, and participate in audits or inspections of loans as required under federal funding awards. • The Authority reserves the right to accept or reject any or all proposals submitted pursuant to this solicitation.