Request for Proposals

By publicly posting the following written disclosure, the Arkansas Development Finance Authority provides confirmation of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.

INDEPENDENT REGISTERED MUNICIPAL ADVISOR CERTIFICATION

The Arkansas Development Finance Authority (ADFA) has retained an independent registered municipal advisor. ADFA is represented by and may rely on its municipal advisor FirstSouthwest, a division of Hilltop Securities Inc., to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds, escrow investments, etc.), if applicable. As of January 21, 2016, the individual with primary responsibility for advising ADFA on such matters is Steve Kantor. This certification may be relied upon until otherwise updated by ADFA.


OPEN RFP’S

ARKANSAS DEVELOPMENT FINANCE AUTHORITY REQUEST FOR PROPOSALS FROM BOND COUNSEL FOR ADMINISTRATIVE OFFICE OF THE COURTS PROJECT +/- $12,000,000

The Arkansas Development Finance Authority (the “Authority” or “ADFA”) is seeking professional service proposals to serve as Market Rate Program TBA Provider (“TBA Provider”) for the TBA mortgage loans originated under its continuous funding MBS. All mortgage loans originated under the program must be in compliance with standard requirements of the United States government agency or government sponsored enterprise that issue the mortgage-backed securities and must be made to persons who qualify under ADFA program rules. The TBA Provider will be expected to provide a range of services, which include, agreeing to purchase

mortgage-backed securities backed by eligible single family mortgage loans (“Mortgage Loans”) at pre- determined prices, managing and hedging the ADFA Mortgage Loan pipeline, monitoring the Mortgage Loan

pipeline and fallout, providing training and information to ADFA’s Housing Staff on the means to manage, hedge and monitor ADFA’s Housing Mortgage Loan pipeline, and sell and arrange delivery of mortgage backed securities (“MBS”) to investors. The TBA Provider will agree to provide the range of services for a fixed percentage of the Mortgage Loans purchased. Inherent in the operation of the program, the TBA Provider will bear the financial risks and costs associated with timely Mortgage Loan deliveries and pipeline fallout. The TBA Provider should have a background in administering similar or other innovative programs for housing finance agencies. The initial term of this engagement will be for two (2) years with the possibility of being extended for up to two years at a time, for a maximum total of seven (7) years..



REQUEST FOR PROPOSAL ARCHIVE

If you have questions or comments related to RFPs please e-mail Ro Arrington or call 501-682-5910.