Banking and Investment Services

The Sacramento Housing and Redevelopment Agency (SHRA) is soliciting proposals from qualified financial institutions to provide a full suite of banking and investment services for its public‑housing programs. The contract will cover day‑to‑day depository functions, cash‑management, ACH/EFT/wire processing, lock‑box and rent‑collection solutions, fraud‑prevention tools, reporting, HUD‑compliant investment options, and integration with SHRA’s Yardi and Rent Café systems. Proposers must be FDIC‑insured, a qualified public depository, a Federal Reserve member, and able to execute HUD Form 51999 without modification. The agency expects strong internal controls, technology‑enabled treasury tools, and responsive customer support throughout the contract term. • Scope includes account setup/maintenance for dozens of program‑specific accounts (payroll, vouchers, security deposits, reserves, etc.). • Required services: electronic banking, ACH origination & receipt, wire transfers, lock‑box processing, positive‑pay, remote deposit capture, detailed reporting (ZIP, Excel, PDF), and cash‑forecasting dashboards. • Mandatory compliance: HUD depository agreement, collateralization, FDIC insurance, Federal Reserve membership. • Evaluation criteria focus on financial stability, staffing qualifications, technical capability, implementation schedule, references, and fee structure. • Proposal deadline: September 17 2026 3:00 PM; pre‑proposal meeting (non‑mandatory) on September 1 2026.