Delivery Order 86614524D00004-86614526F00008

The U.S. Department of Housing and Urban Development (HUD) awarded a $7.56 million delivery order to 24 Asset Management Corp, a minority-owned small business based in Miami, Florida, for field service management in Area 4D/5D. This delivery order, issued on December 19, 2025, with a completion date of February 15, 2027, represents a task order under HUD's larger Indefinite Delivery Contract (IDC) vehicle for managing the agency's real estate owned (REO) properties. The contract utilizes firm fixed price pricing with no small business set-aside designation. 24 Asset Management Corp, which operates under the doing business as name Fsr-24 Asset Management, provides comprehensive property management services including inspections, security, repairs, utility management, and disposition tracking for HUD's foreclosed single-family homes across multiple geographic regions.

The award reflects HUD's ongoing effort to preserve communities and maintain the value of federally held foreclosed properties through specialized field service management. 24 Asset Management Corp has established itself as a primary contractor for HUD's property management needs, holding multiple single-award IDCs with potential values ranging from $33 million to $85 million across various geographic areas. The company's contract portfolio demonstrates extensive experience supporting HUD's objectives of maximizing returns to the Federal Housing Administration's insurance funds while managing the disposition and maintenance of distressed properties throughout the United States.