Acquisition Fund Administrator

The Fund will pool five million dollars ($5,000,000) of City funds with grants, donations, low-return time-limited investments, and equity. 

The Fund will provide low cost loans to developers to purchase occupied naturally occurring affordable housing that developers will make permanently affordable. We are seeking a third-party Fund Administrator with expertise in risk management and underwriting to administer the Fund. 

The RFP package will be available on March 18, 2024 at 9:00 am through the City’s Supplier Portal (www.boston.gov/procurement) under Event #EV00013788. Completed proposals must be submitted as specified and electronically submitted by May 16, 2024, no later than 4:00 pm. 

One optional Bidders’ Conference will be held by video conference on April 9, 2024, 2:00 PM. Attendance is not mandatory but is highly encouraged. Applicants interested in the conference should email the Program Manager.