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Iowa Finance Authority·Iowa

Bond Counsel Services for the Iowa Finance Authority Single Family and Multifamily Bond Programs

Closes 8/28/2026$1.5M – $2.5MRequest for Proposal
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Description

The Iowa Finance Authority seeks qualified law firms to serve as bond counsel for its Single‑Family and Multifamily Bond Programs. The selected firm will provide legal opinions, tax advice, document preparation, and ongoing counsel throughout the life of the bond issues. Respondents must submit separate technical and cost proposals, certify any amendments, and meet all statutory compliance requirements. • Provide bond counsel services, including legal opinions on tax‑exempt status and securities compliance. • Draft, review, and finalize all bond‑related documentation (trust indentures, offering statements, closing documents). • Offer ongoing advisory support for programmatic matters, board resolutions, audits, and regulatory inquiries for a contract term of up to four years (with possible extensions).

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Lisa Connell(Issuing Officer)

[email protected]

(515) 348-6163

Key dates

Opened
7/29/2026
Questions due
8/19/2026
Closes
8/28/2026
Projected award
9/18/2026
Duration
4 years

Last updated

Details

Type
Request for Proposal
Industry
Legal Services
NAICS
541110
Solicitation №
270-RFP-2957-2027

Budget estimate

$1,500,000 – $2,500,000

No explicit fee is disclosed. Based on typical municipal bond counsel fees (approximately $100‑$300 k per $100 million issuance) and assuming 3‑4 bond series per year, the contract could generate roughly $400‑$1.2 million annually. Over a four‑year base term, total compensation might range from $1.5 million to $2.5 million, with extensions potentially increasing the upper bound.

AI estimate from the solicitation

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