RFQ 2026-02 - Arbitrage Rebate Analyst Services

Agency:	Florida Housing Finance Corporation
State:	Florida
Type of Government:	State & Local
NAICS Category:	541611 - Administrative Management and General Management Consulting Services
Posted Date:	Jan 5, 2026
Due Date:	Feb 11, 2026
Original Source:	Please Login to View Page
Contact information:	Please Login to View Page
Bid Documents:	Please Login to View Page

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REQUEST FOR QUALIFICATIONS (RFQ) 2026-02

ARBITRAGE REBATE ANALYST SERVICES

for

FLORIDA HOUSING FINANCE CORPORATION

January 5, 2026

RFQ 2026-02

Arbitrage Rebate Analyst Services

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SECTION ONE

INTRODUCTION

Florida Housing Finance Corporation (“Florida Housing”) is soliciting competitive, sealed

responses from qualified firms to provide arbitrage rebate analyst services in accordance with the

terms and conditions set forth in this Request for Qualifications (“RFQ”), and any other term and

condition in any contract subsequently awarded. Respondents will be selected and determined

through Florida Housing’s review of each response, considering the factors identified in this RFQ.

Florida Housing expects to select one or more Respondents that propose to provide all of the

services specified in this RFQ.

SECTION TWO

DEFINITIONS

For purposes of this document, the following terms will be defined as follows:

“Arbitrage”

Arbitrage occurs when Florida Housing invests its bond

proceeds at a yield higher than the overall borrowing yield

on its bond issue. As it relates to tax-exempt bonds,

Arbitrage is the ability to invest proceeds received from the

sale of tax-exempt debt in higher-yielding taxable securities.

“Arbitrageur”

The entity providing the arbitrage rebate services described

in Section Four of this RFQ.

“Arbitrage Rebate”

Arbitrage Rebate is the payment of Arbitrage earned on the

investment bond proceeds to the Internal Revenue Service in

accordance with the requirements of Section 148 of the

Internal Revenue Code and as defined by U.S. Treasury

Department regulations.

“Board”

The Board of Directors of Florida Housing Finance

Corporation.

“Committee”

The review committee composed only of employees of

Florida Housing that is established pursuant to Rule 67-

49.007, Fla. Admin. Code.

“Contractor”

A person or entity providing the professional services

described in Section Four of this RFQ.

“Days”

Calendar days, unless otherwise specified.

“Effective Date”

The date the last party signs the contract that is awarded as a

result of this RFQ.

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“Florida Housing”

Florida Housing Finance Corporation, a public corporation

and public body corporate and politic created by s. 420.504,

F.S.

“Non-arbitrage Certificate”

The key tax document for a bond issue which describes the

rebate requirements associated with the debt service fund.

The Non-arbitrage Certificate is part of the bond transcript.

“Respondent”

Any person or entity who has the capability in all respects to

perform fully the requirements contained in this RFQ, and

submits a response to this RFQ.

“Response”

The written submission by a Respondent to this RFQ.

“RFQ”

This RFQ, including all exhibits referenced in this document

and all other documents incorporated by reference.

“Staff”

Any employee of Florida Housing.

“Trustee”

An organization which provides trustee services for Florida

Housing.

“Trust Indenture”

The document by the terms of which an entity issues or guarantees

or provides for the issue or guarantee of debt obligations secured

by a security interest and in which an entity is appointed as trustee

for the holders of the debt obligation issued, guaranteed or

provided for under it.

“Website”

The Florida Housing Finance Corporation website,

the URL of which is www.floridahousing.org.

SECTION THREE

PROCEDURES AND PROVISIONS

A. Respondents will submit their Response to:

https://www.floridahousing.org/legal/procurements/RFQ-2026-02-Document-Upload

Florida Housing must receive the entire Response on or before 2:00 p.m., Eastern Time,

on February 11, 2026, as Responses will be opened at that time. Any Responses received after the

deadline will be considered non-responsive. One complete copy of the response in PDF format is

preferred; the PDF must be text-searchable and not password-protected, unless specified otherwise

in Section Six below, and the file name ought to contain a reference to both the solicitation number

(RFQ 2026-02) and the name of the Respondent. Please note that the site will ask for the

Respondent's contact information and the solicitation number prior to being able to upload the

Response. Florida Housing will not accept a mailed or faxed Response.

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B. This RFQ does not commit Florida Housing to award a contract to any Respondent or to

pay any costs incurred in the preparation or submission of a Response.

C. All services under the contract awarded are to be performed solely by the Contractor, unless

subcontracted or assigned with the prior written approval and consent of Florida Housing.

D. Florida Housing reserves the right to:

1. Waive minor deficiencies and informalities;

2. Accept or reject any or all Responses received as a result of this RFQ;

3. Obtain information concerning any or all Respondents from any source;

4. Request an oral interview before the Board from any or all Respondents;

5. Select for contract negotiation or for award a Response other than (or in addition

to) that with the highest score in order to serve the best interests of Florida Housing and the

public; and

6. Negotiate with the successful Respondent with respect to any additional terms or

conditions of the contract.

E. Any interested party may submit any question regarding this RFQ in writing via e-mail to

the Contract Administrator at Contract.Admin@floridahousing.org. All questions must be

submitted no later than 2:00 p.m., Eastern Time, on January 21, 2026. Phone calls will not be

accepted. Florida Housing expects to respond to all questions in writing by 5:00 p.m., Eastern

Time, on January 28, 2026. Florida Housing will post a copy of all questions received and the

corresponding answers on Florida Housing’s website at:

http://www.floridahousing.org/legal/procurements/request-for-qualifications.

Only written responses or statements from the Contract Administrator that are posted on our

website will bind Florida Housing. No other means of communication, whether oral or written,

may be construed as an official response or statement from Florida Housing.

F. Between the release of the solicitation and the end of the 72-hour period following the

posting of the notice of intended award, excluding Saturdays, Sundays, and state holidays,

respondents to this solicitation or persons acting on their behalf may not contact any member of

Florida Housing’s Board of Directors or any Florida Housing employee concerning any aspect of

this solicitation, except in writing to the Contract Administrator. Violation of this provision may

be grounds for rejecting a response.

G. Any person who wishes to protest the specifications of this RFQ must file a protest in

compliance with s. 120.57(3), F.S., and Rule Ch. 28-110, Fla. Admin. Code. Failure to file a protest

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within the time prescribed in s. 120.57(3), F.S., will constitute a waiver of proceedings under Ch.

120, F.S.

H. The term of the contract will be for three years, subject to satisfactory performance at the

sole discretion of Florida Housing. If the parties mutually agree in writing, the contract may be

renewed once for an additional three years.

I. Florida Housing is not required to use the services of any selected Contractor or to assign

any work to such provider, and may terminate the contract with any selected Contractor without

cause and without penalty.

J. Pursuant to Rule 67-49.004, Fla. Admin. Code, Florida Housing may modify the terms of

the RFQ at any point prior to the due date for Responses. A notice of such modification will be

posted on Florida Housing’s Website. Any Respondent will have at least seven days from the date

of the posting of the notice of the modification to submit or modify its Response.

K. The terms of this RFQ, and any modifications thereto, will be incorporated into any

contract offered as a result of this RFQ. Failure of a successful Respondent to accept these

obligations in the final contract may result in cancellation of the award and selection of an alternate

Respondent.

L. By submitting a Response to this RFQ, the Respondent agrees that any resulting contracts

or agreements (and any attachments, exhibits, and amendments) may be executed and delivered

by electronic signatures. As used herein, the term “electronic signatures” shall have the meaning

in s. 668.50, F.S.

SECTION FOUR

SCOPE OF SERVICES

Florida Housing issues tax-exempt revenue bonds to finance the acquisition and construction

of single family and multifamily housing in the state of Florida. In order to ensure the continuation

of the tax-exempt status of the bonds, it is necessary that Arbitrage Rebate calculations be

performed in accordance with the Internal Revenue Code of 1986, as amended, and as defined by

U.S. Treasury Department regulations.

The Arbitrageur shall perform and render services as an independent contractor and not as an

agent, representative, or employee of Florida Housing. These services shall be known as

“consultant and professional services” and shall include the provision of advice and assistance.

The consultant and professional services include but are not limited to:

A. On an annual basis, and no later than 60 days after the end of the computation

period, the Arbitrageur shall provide to Staff a written calculation of arbitrage earnings and the

rebate requirement for each bond issue subject to Section 148(f) of the Internal Revenue Code

of 1986, as amended, together with a written opinion confirming that the calculations were

performed in accordance with Section 148(f) and all applicable regulations. The Trustee shall

supply the information necessary to perform these calculations, and the Arbitrageur shall

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This page summarizes the opportunity, including an overview and a preview of the attached documents.

RFQ 2026-02 - Arbitrage Rebate Analyst Services

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