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Asset Manager Limited Competition Contracts

Awarded
JA-21-22Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

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The Department of Housing and Urban Development's Office of Single-Family Housing, Office of Asset Management, is seeking interim Asset Manager services under a limited competition bridge award due to unusual and compelling urgency. This contract, structured under FAR 6.3 for Other than Full and Open Competition, covers multiple geographically distinct contract areas across various states and territories. The contract period spans twelve months, including a six-month base period with two optional three-month extensions. The contract is designed to ensure the continued management of HUD’s substantial inventory of single-family homes acquired through the Federal Housing Administration’s mortgage insurance program. FHA insures lenders against losses on loans made for home purchases or rehabilitation, and when these loans default, properties are conveyed to HUD, which then manages their sale to support homeownership and community preservation while maximizing returns to FHA insurance funds. HUD acts as a significant real estate seller in the U.S., maintaining these properties requires effective asset management services. The contract is administered by the Atlanta Operations Branch, with the solicitation number JA-21-22, and targets the NAICS code 531390. Interested parties can contact Charles W. Hoyle, Jr. by email for more information.

General Info

Interim Asset Manager contract for HUD single-family homes, twelve months with extensions.

Agency

Department Of Housing And Urban Development → Cpo : Atlanta Operations BranchView Agency

NAICS

531390 - Other Activities Related to Real EstateView NAICS

Place of Performance

GA, USA

Set-Aside

NONE

Documents

(1)

Justification+Approval+Asset+Manager+Service.pdf

PDF

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Timeline

PhaseAwarded
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Justification (J&A)

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Contract was awarded

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Organization & Contact Information

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AgencyDepartment Of Housing And Urban Development → Cpo : Atlanta Operations Branch
Contacts1 person available
OfficeATLANTA, GA, 30303, USA
Organization / Agency
Department Of Housing And Urban Development → Cpo : Atlanta Operations Branch
View Agency Profile
Office AddressATLANTA, GA, 30303, USA
Contacts
CharlesW.Hoyle Jr
contact@example.gov

Full Description

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HUD's Office of Single-Family Housing, Office of Asset Management has a need of unusual and compelling urgency to obtain without delay interim Asset Manager (AM) services under FAR 6.3, Other than Full and Open Competition to provide interim services in a limited competition bridge award with a period of performance of twelve months (six-month base period with two three (3) month Option Periods in accordance with FAR clause 52.217-8) on a class basis for the following Contract areas Contract Area 3A (IL) Contract Area 4A (IN & KY) Contract Area 5A (NC & SC) Contract Area 6A (MS, AL, & TN) Contract Area 7A (GA) Contract Area 8A (FL, PR, & VI) Contract Area 1D (CO, NM, North TX, & UT) Contract Area 2D (AR, KS, LA, MO, OK, & So. TX) Contract Area 4D (WI, IA, NE, & SD) Contract Area 5D ( WY, MT, ND, & MN) Contract Area 1P (MI) Contract Area 3P ( MA, ME, NH, NJ, NY, RI, & VT) Contract Area 4P (OH) Contract Area 5P ( DC, DE, MD, PA, VA, & WV) Contract Area 3S (AZ) Contract Area 4S (ID & NV) Contract Area 5S (CA, HI & Guam ) Contract Area 6S (OR, WA & AK) The Federal Housing Administration (FHA), an organizational unit within HUD, administers the single-family mortgage insurance program. FHA insures approved lenders against the risk of loss on loans they finance for purchase or rehabilitation. In the event of a default on an FHA insured loan, the lender acquires title to the property by foreclosure, a deed-in-lieu of foreclosure, or other acquisition method, files a claim for insurance benefits and conveys the property to HUD. Because of acquisitions through the mortgage insurance program and other programs, HUD has a need to manage and sell a sizable inventory of single-family homes in a manner that promotes home ownership, preserves communities, and maximizes return to the FHA insurance funds. HUD is one of the largest single sellers of real estate in the United States.

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