Topeka, Kan. – The Kansas Department of Commerce is extending its Request for Proposals seeking qualified organizations to administer the Individual Development Account (IDA) program. The new deadline for applications is July 14.
The Kansas IDA program allows qualified organizations the opportunity to provide a match on deposits made by low-income participants who are saving to buy a home; making repairs to their existing home; starting a business or expanding their existing business; or attending continued education classes such as college or a technical school.
The program is structured to provide financial assistance to community charities, tribal and religious organizations that administer the IDA program in their communities through the sale of tax credits. Organizations can serve a specific region, multiple regions or the state as a whole, and will receive up to $100,000 in tax credits annually. The organization is granted up to 20% of the earned funds to use for operations cost the first two years they administer the program, and 15% for each year thereafter.
The Kansas Department of Administration is hosting a conference call on at 10 a.m. Tuesday, June 30, to answer any questions on the IDA program and the administrator application. This call is open to the public.
Dial-in Number: 866-620-7326
Conference Code: 5258679472
If your community development organization is interested in administering the IDA program, sign into the Kansas eSupplier Portal, register at this site and respond to the RFP at this link by July 14, 2020.
For questions on the RFP, please contact Angela Brown at the Department of Administration. All questions will be gathered and answered publicly to ensure that all bidders receive the same information.
Procurement Officer: Angela Brown
E-Mail Address: [email protected]
Web Address: http://admin.ks.gov/offices/procurement-and-contracts/
Bid number: EVT0007402