HABC 2023.11.01.01 - BANKING SERVICES FOR A MONEY MANAGEMENT SYSTEM

The Housing Authority of Bergen County (the Authority) is accepting proposals from qualified banking institutions to provide banking services for a money management system commencing on or about January 1, 2024, through December 31, 2026.  The Authority under a management agreement is providing the service of soliciting Request for Proposals for both the Authority and the Housing Development Corporation of Bergem County (HDC) to ensure the most advantageous approach to banking services for both entities (The Authority and the HDC). The objective is to minimize fees and maximize interest earned on collected funds while satisfying the Authority’s financial obligations and maintaining various account records.  Presently, the Authority and the HDC have the accounts as stated in Attachment A, along with the approximate number of transactions per month.