NIFA has established a Rotating Co-Manager and Selling Group Policy that a) creates a framework and qualifications for investment banking firms to be considered to participate as a Selling Group member in connection with the issuance by NIFA of its Single Family Housing Revenue Bonds and b) provides for a rotating Co-Manager position to be filled, at NIFA's discretion, based upon performance in the Selling Group. To review the Policy, please click here.
Pursuant to the Policy, NIFA intends to work with a team of four Co-Managers, three 'Designated Co-Managers' and one 'Rotating Co-Manager'. For the Selling Group, NIFA intends to work with a team of five firms, however, from time-to-time NIFA may include up to two additional firms on a trial basis, totally at the discretion of NIFA. Please see the full Policy for further information.
Please see below for details on submitting a Selling Group Application.
In order to be considered to be a part of NIFA’s Selling Group (the “Selling Group”), this Selling Group Application must be completed and submitted (by email) to NIFA at finance@nifa.org. No hard copies of the Application are required. The minimum qualifications for consideration to be included as a member of the Selling Group (the “Selling Group Minimum Qualifications”) are the following:
Having served as a syndicate member on not less than $5 billion of municipal bond financings during the past 12 months; or
Having served as a syndicate member on not less than $2.5 billion of municipal housing bond financings specifically for “state HFAs” during the past 12 months. For this purpose, a “state HFA” is defined as a housing finance agency member of the National Council of State Housing Agencies (www.ncsha.org); or
Having served as a syndicate member on not less than $250 million of municipal bond financings during the past 12 months for any municipal bond offering for issuers within the state of Nebraska.
THE FOREGOING MINIMUM QUALIFICATIONS MAY BE AMENDED BY NIFA, IN ITS DISCRETION, AT ANY TIME.
Selling Group Applicant Required Information
All information required in this Selling Group Applicant Required Information shall be submitted in a single pdf document with each question separately bookmarked within the pdf in the order asked.
Excessive information outside of the information required by this Application will not be viewed favorably by NIFA. NIFA reserves the right to reject non-conforming Selling Group Applicant Required Information submissions.