Specifications include, but are not limited to: The Alaska Housing Finance Corporation (“AHFC” or “Corporation”), a non-stock, public corporation and government instrumentality of the State of Alaska, is seeking proposals from institutions (“Offerors”) interested in providing domestic custody, safekeeping, and banking services (“Services”) to meet certain of the Corporation’s depository and general banking needs. The Corporation’s business focuses on two primary areas of operations: mortgage lending and public housing. The Corporation facilitates home ownership for Alaskans by acting as a source of affordable financing for homebuyers, with special emphasis on low and moderate-income homebuyers, rural Alaskans, and those Alaskans unable to obtain alternative financing. The Corporation’s Public Housing Division manages the public housing functions for the United States Department of Housing and Urban Development (“HUD”) in the State of Alaska. This combined responsibility to provide low-cost mortgage financing along with public housing management creates a need for a diverse, flexible set of banking and depository services.
