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Procurement

Find WHEDA bid requests, public hearings and other public requests and notifications here.


 

Current Requests

The Wisconsin Housing and Economic Development Authority is seeking proposals from vendors with the following:

RFP - Internal  Auditing Services

The internal auditor selected under this RFP will complete an annual risk assessment process.  Based on the outcome of the risk assessment, the internal auditor will develop an audit plan identifying all internal audits to be completed. The audit plan will be presented to the Authority’s Finance Committee for approval and will be forwarded to the Authority’s external auditor, along with the audit reports. A three (3) year summary of the focus areas is included in this RFP.  It is the intent of the Authority that the audits identified in this plan will be scheduled and completed at a steady cadence throughout the course of the fiscal year.

The types of audits contemplated by this RFP include:

  • Operational group audits (e.g., both single family and commercial lending and loan servicing processes, credit processes, and asset management functions including HUD and other state and federal program compliance)
  • Service group audits (e.g., payroll processing, disbursements, contracts, investments, grant processes, and building security and facility management audits)
  • Gramm-Leach-Bliley Act compliance audit (Federal Trade Commission requirements)
  • Authority-wide compliance audits
  • Information technology risk assessments

Each audit or review conducted under this RFP must include the following:

  1. A Statement of Work and information request to be approved by Authority staff at least one week prior to the commencement of the audit or review.
  2. An exit conference to find consensus on audit findings with applicable business units and the Controller.
  3. A report submitted to the Controller within two weeks of the exit conference. The report will include an Executive Summary, Audit Scope and Objectives, and Audit Conclusions. In addition, detail of the audit findings shall be provided along with the management response and an action plan, if appropriate.
  4. A presentation to the Authority’s Finance Committee to discuss the audit results.

The proposer will generate a monthly report to monitor the status of the audit plan which will be presented to the Authority’s Finance Committee.  This report will include, but not be limited to, the hours spent on each budget compared to budgeted hours.

The Authority intends to use the results of this process to award one or more Contracts to provide the products and/or services described in this RFP.

Questions due on or before :  May 24, 2:00 p.m. CT

RFP is due: June 3, 2024 @ 2:00 p.m. CT

 

RFP – Revolving Lines of Credit

The Wisconsin Housing and Economic Development Authority (“the Authority”) requests two (2) revolving lines of credit. One line of credit of up to $40 million, to be used to fund multifamily construction loans, and the other line of credit of up to of $90 million, to temporarily fund single family mortgages and mortgage-backed securities. Interested parties may submit a Proposal for one or both Lines of Credit.  Proposals may be submitted as all or none.

Security for the lines of credit will be the General Obligation of the Authority. The general obligation rating for the Authority is Aa3 by Moody’s Investor Service and AA by Standard and Poor’s.

Multifamily Construction Line of Credit

The Authority currently has a $40 million revolving line of credit used for the funding of multifamily construction loans. This RFP is for the replacement of the existing line of credit. As of March 31, 2024, the outstanding balance on the current line of credit was $15.8 million. Historical balances related to the existing line of credit are included as Attachment 5. More information about the Authority’s multifamily lending products can be found on Wheda.com.

Single-Family Program Line of Credit

The Authority currently has a $90 million revolving line of credit used for single-family mortgages and mortgage-backed securities (MBS). This RFP is for the replacement of the existing line of credit. Mortgages funded with the line of credit will be eligible for securitization or sale to Fannie Mae or Ginnie Mae and MBS from Fannie Mae or Ginnie Mae securities consisting of mortgages originated by the Authority. Once a sufficient dollar amount of mortgages and MBS are accumulated, they will be funded with permanent Authority financing or sold, and the line of credit repaid. Historical balances related to the existing line of credit are included as Attachment 5.

Questions Due:  May 24, 2024, on or before 12:00 p.m. CT

RFP Due:  June 3, 2024, on or before 12:00 p.m. CT

 

 


 

WHEDA’s procurement practices strive to provide vigilant stewardship of resources, inspire stakeholder confidence through consistent and transparent processes, and ensure the vendor community has access to open and fair competition.

Competitive Bidding Processes

For its competitive bidding processes, WHEDA encourages Wisconsin-based businesses, Minority Business Enterprises, Women-Owned Business Enterprises and Disabled Veteran-Owned Business Enterprises to submit quotes and proposals whenever possible. Businesses looking to obtain MBE, WBE and DVB certification can obtain more information through the Wisconsin Department of Administration.

Competitive bidding is the preferred method for WHEDA to select suppliers of goods and services. WHEDA typically uses the following competitive methods based upon the value and/or type of the goods or services to be purchased and the timeframe on which the goods or services are needed.

Simplified Bid: At least three quotes from viable vendors shall be obtained when the cost of a good or services is less than $50,000.

Request for Bid: Most commodity and some service solicitations at or above $50,000 are issued through an RFB. An RFB is used when WHEDA is able to develop clear specifications for the item(s) to be procured.

Request for Proposal: An RFP is used to solicit proposals for purchases at or above $50,000 where an award cannot be made strictly on specifications or price. Rather than meet detailed and precise specifications, vendors are given an opportunity to propose how they would provide a product or service.

Request for Qualifications:  From time-to-time, WHEDA may issue an RFQ to evaluate a proposer’s qualifications, costs and potential contract requirements in advance of the need for its services. WHEDA may approve multiple vendors over the term of the RFQ or individually as the need for services arise.

Vendor Database

Business Type (please select all that apply)
Is the business certified by the Wisconsin Department of Administration?
Is the business already working with WHEDA?

Nondiscrimination Statement

WHEDA will not discriminate against any vendor or supplier, or discourage any submission of a proposal or bid or delay any decision for any proposal or bid on the basis of race, color, religion, national origin, sex, sexual preference, marital status, familial status, physical condition, developmental disability, age (provided the applicant has the capacity to contract) or any other prohibited basis.