Solicitation for Section 108 Underwriting Team
HUD is soliciting purchase proposals from firms interested in purchasing obligations guaranteed under Section 108 of the Housing and Community Development Act of 1974, as amended (Section 108). The full faith and credit of the United States is pledged to the payment of all guarantees of Section 108 obligations. It is anticipated that successful firms selected under this solicitation will offer these obligations for sale to the public as members of an underwriting group within 8 to 12 weeks of selection.
Members of the underwriting group will be selected by HUD to purchase these obligations and participate in this sale through a competitive process. Accordingly, each firm seeking to participate must submit a proposal to HUD.
All purchase proposals must be received by HUD no later than June 29, 2018 6 PM EDT.
Please send any questions regarding this solicitation to the Section 108 mailbox at 108Underwriters@hud.gov.