Loan Portfolio Management

The City of St. Petersburg is seeking a qualified firm to provide comprehensive loan portfolio management services for its affordable housing programs. The selected vendor will assist the City with the administration, tracking, monitoring, and management of the loan portfolio to ensure compliance with applicable federal, state, and local regulations while maintaining fiscal accountability and program integrity. The scope of work includes loan tracking and monitoring, compliance and regulatory oversight, financial management and reporting, loan servicing and asset management, risk mitigation and default management, program income and reinvestment strategy, and data management and performance evaluation. The initial term of the agreement will be for three years, with the option to renew for two additional one-year periods. • The City's affordable housing programs include deferred, forgivable, and amortizing loans issued to support affordable housing development, rehabilitation, and homeownership initiatives. • The selected vendor will be required to integrate with the City's existing program management systems, including Neighborly, Oracle, and IDIS. • The vendor will be responsible for providing a single point of contact, a dedicated account manager, who will be readily available during normal business hours to administer the agreement. • The City will provide a point of contact, a City Project Manager, to assist with planning, strategy, and objectives prior to performance of the work.