Trustee and Paying Agent Services

Housing New Mexico | New Mexico Mortgage Finance Authority (MFA)

Request for Proposals

To Provide Trustee and Paying Agent Services

Part I: Background & General Information

Introduction

Housing New Mexico | New Mexico Mortgage Finance Authority (MFA)(hereinafter “Housing New Mexico”) is a governmental instrumentality, separate and apart from the state, created by the Mortgage Finance Authority Act, NMSA Sections 58-18-1 to 27 for the purpose of financing affordable housing for low- and moderate-income New Mexico residents.

Purpose

The purpose of this Request for Proposals (RFP) is to solicit proposals, in accordance with the Housing New Mexico Procurement Policy, from qualified financial institutions which by reason of their skill, knowledge, and experience are able to furnish professional corporate trustee and paying agent services to Housing New Mexico  in connection with its proposed issuance of multifamily bonds (the “Bonds”) approved by the Housing New Mexico Board of Directors under separate, stand-alone (“Closed”) Indentures of Trust.  (“Offerors”).

Housing New Mexico intends to issue and sell multifamily bonds under Closed Indentures. The multifamily Bonds may be secured by mortgages or mortgage-backed securities and FHA insurance under the 542(c) Program.  Taxable bonds may also be included for multifamily bonds. Other obligations could include draw down facility bonds, notes or other short-term debt.  Debt service will generally be monthly, quarterly or semi-annually. Redemptions may occur on non-debt service dates. The bonds may be sold for forward delivery.

Multi-family bond issues have historically been issued under a stand-alone indenture.

Questions and Answers

The FAQ will open the day after the RFP issues, August 20th, 2025, and will close on September 22nd, 2025. Questions will only be answered through the Ask a Question “AAQ” submission form below. Questions will be answered within two business days from the time of submission. All questions and responses will be posted to ensure consistency.

Proposal Submission

Proposal submissions must be received no later than October 6th, 2025 at 4:00 p.m., Mountain Time. Proposals which are not received by this time will not be accepted.

Utilize one of the following methods for proposal submission:

                Via E-mail: Send to alundy@housingnm.org with a subject line of “Proposal to Furnish Trustee and Paying Agent Services.”  Hard copies are not required.     

Timeline/Activity

More information about Requests for Proposals, Requests for Qualifications, Notices of Funding Availability.