Salt Lake City Corporation (the "City") is soliciting qualifications from qualified offerors to provide loan and underwriting services for its Housing Stability Division. The total contract amount shall not exceed $75,000.00. It is anticipated that the term of the resulting agreement will be for two (2) years or spend reaches $75,000 whichever comes first.
Commodity Codes
- Commodity Codes: UNSPSC 64101904 Home equity line of credit: A type of loan in which the lender agrees to lend a maximum amount within an agreed period where the collateral is the borrower's equity in his or her house. The borrower is not advanced the entire sum up front, but uses a line of credit to borrow sums that total no more than the credit limit, similar to a credit card. HELOC funds can be borrowed during the draw period --typically 5 to 25 years. Repayment is of the amount drawn plus interest. The full principal amount is due at the end of the draw period, either as a lump-sum balloon payment or according to a loan amortization schedule. UNSPSC 64101905 Home equity loan: A type of loan in which the borrower uses the equity of his or her home as collateral. It has a fixed term and requires specific payments over time UNSPSC 64101906 Inventory loan: A short-term loan made to a company based on the value of its products for sale. Those products, or inventory, serve as collateral for the loan if the business does not sell its products and cannot repay the loan. UNSPSC 64101907 Mortgage loan: A debt instrument, secured by the collateral of specified real estate, that the borrower is obligated to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front. UNSPSC 64101908 Receivable loan: A short-term loan made to a company so it can fund the collection period for the accounts receivable arising from credit sales. Those receivables serve as collateral for the loan if the business does not collect its receivables and cannot repay the loan. UNSPSC 64101909 Unsecured loan: A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. UNSPSC 64111608 Subordinated debt or debenture: A loan or security that ranks below other loans or securities with regard to claims on assets or earnings. UNSPSC 84141502 Small business loan agencies UNSPSC 84131614 Underwriting service: Service which assesses and classifies the potential degree of risk that a proposed insured represents. Provides guarantees that money will be available to pay for losses that are insured against.
Events & Timeline
| Status | Event Name | Location | Description | Dates | Mandatory |
|---|
| Ongoing | Open Date | Online Portal | Posting date for the Opportunity | Jul 16th 2026, 2:00 PM MDT | N/A |
| Upcoming | Questions Due Date | Online Portal | Deadline to submit Questions | Jul 21st 2026, 2:00 PM MDT | N/A |
| Upcoming | Close Date | Online Portal | Deadline for Submissions | Jul 29th 2026, 2:00 PM MDT | N/A |
Requested Information
Note: Template files for the items below (BidTables, Questionnaires) are available in the Attachments section of this opportunity.
| Name | Type | # Files | Requirement |
|---|
| Qualifications | File Type: Any (.*) | Multiple | Required |
Attachments