Department of Commerce seeking new Individual Development Account Administrator

Topeka, Kan. – The Kansas Department of Commerce issued a Request for Proposals seeking qualified organizations to administer the Individual Development Account (IDA) program.

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; make repairs to their existing home; start a business or expand their existing business; or attend 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.

If your community development organization is interested in administering the IDA program, visit the Kansas eSupplier Portal, register at this site and respond to the RFP at this link.

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: Bonnie Edwards

Telephone: 785.296.3125

E-Mail Address: [email protected]

Web Address: http://admin.ks.gov/offices/procurement-and-contracts/

Bid number: EVT0008142