Project Information

Bid Title

Banking and Investment Services

Issuing Agency

Sacramento Housing and Redevelopment Agency

Location

California

Published Date

Aug 18, 2026

Closing Date

Sep 17, 2026

Government Level

State & Local

Status

Closed

Ref. #

2610-KP

Original Source

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Bid Documents

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Project Description

Project ID: 2610-KP

Title: Banking and Investment Services

Addenda: 0

Release Date: 8/17/2026

Due Date: 9/17/2026

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Banking and Investment Services

Request For Proposal (RFP) Solicitation

Finance

52211 , 522110

Project ID: 2610-KP

Release Date: Monday, August 17, 2026

· Due Date: Thursday, September 17, 2026 3:00pm

Posted Tuesday, August 18, 2026 4:32pm

All dates & times in Pacific Time

Draft Response Events RSVP No Bid29 days, 20 hours, 48 minutes

Post Information

Posted At:Tue, Aug 18, 2026 4:32 PM
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No

Overview

Summary

Sacramento Housing and Redevelopment Agency ("SHRA" and "Agency") is seeking a qualified financial institution to provide comprehensive banking and investment services that support the secure, efficient, and compliant management of public funds across its housing programs. The selected partner will be expected to deliver reliable day-to-day depository services, strong cash management capabilities, interest-bearing accounts, fraud protection tools, electronic payment services, reporting, and HUD-compliant investment options that help the Agency safeguard assets while improving operational efficiency. The project is intended to modernize and strengthen banking operations through responsive service, sound internal controls, technology-enabled solutions, and a smooth implementation approach that supports both current needs and future enhancements. The Agency is especially interested in partnering with a financially stable institution that understands the needs of public-sector clients, can fully collateralize deposits as required, and can bring practical innovations that improve service, transparency, and value.

Background

Sacramento Housing and Redevelopment Agency serves as the housing authority for both the City of Sacramento and the County of Sacramento, administering federally supported housing programs and is responsible for managing public funds in accordance with applicable HUD requirements, procurement standards, and sound financial management practices. As part of these responsibilities, the SHRA must maintain banking relationships and investment practices that protect program assets, support daily operations, and ensure that funds are handled in a secure, transparent, and fully accountable manner. HUD guidance requires public housing agencies to periodically procure banking services through a competitive process and to maintain appropriate depository agreements and allowable investment arrangements for program funds.

SHRA relies on banking and cash management services to support a wide range of financial activities, including receipt of rents and other payments, processing of accounts payable and payroll, administration of Housing Choice Voucher disbursements, maintenance of security deposits and escrowed funds, and management of short-term investments. These functions require a banking partner with the operational capacity, internal controls, technology, and customer support necessary to meet the needs of a public-sector organization operating multiple programs and accounts.

Given the importance of safeguarding public resources and maintaining efficient financial operations, the Agency is issuing this Request for Proposals to identify a qualified financial institution capable of providing dependable banking and investment services. Through this procurement, SHRA seeks to establish a banking relationship that supports compliance, service quality, financial stability, and operational efficiency over the term of the contract.

Timeline

Date RFP Issued:

August 17, 2026

First Pre-Proposal Meeting (Non-Mandatory):

September 1, 2026, 10:00am

You are invited to a Zoom meeting.
When: Sep 1, 2026 10:00 AM Pacific Time (US and Canada)

Register in advance for this meeting:
https://shra-org.zoom.us/meeting/register/PikIxC-1R6qb23Wbp9PnPQ

After registering, you will receive a confirmation email containing information about joining the meeting.

Request for Information (RFI) Due:

September 9, 2026, 4:00pm

Addendum (if necessary) issued:

September 11, 2026, 4:00pm

Proposals Due:

September 17, 2026, 3:00pm

Notice of Intent to Award (anticipated):

September 30, 2026

Notice of Award (anticipated):

October 8, 2026

Commodity Codes

• NAICS 523920Portfolio Management
• NAICS 523930Investment Advice
• NAICS 523999Miscellaneous Financial Investment Activities
• NAICS 541611Administrative Management and General Management Consulting Services

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