The Department of Housing and Urban Development (HUD) awarded a single-award Indefinite Delivery Contract (IDC) to 24 Asset Management Corp, a minority-owned small business, for field service management of HUD's single-family Real Estate Owned (REO) properties across various geographic regions. The IDC has a ceiling value ranging from $33 million to $70 million and covers areas such as 1D, 3A/4A, 3S/5S, 4D/5D, 5A/8A, and 5P, aligning with 24 Asset Management Corp's expertise in managing foreclosed homes for HUD. Under this IDC, HUD has issued a $10.2 million firm fixed price delivery order to 24 Asset Management Corp for field service management services in Areas 3A/4A, which includes property inspections, security, cosmetic repairs, homeowners association fee payments, utility payments, ongoing maintenance, and disposition tracking of HUD's single-family REO inventory in Miami, Florida through February 2025. These contracted services support HUD's objectives of preserving communities, maintaining property values, and maximizing returns to the Federal Housing Administration's insurance funds by efficiently managing and disposing of foreclosed homes.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00001 | Exercise an Option | $0 | 10/31/24 | |
| Not listed | Not listed | $0 | 11/2/23 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Delivery Order 86614524D00005-86614525F00014 | 24 Asset Management Corp | $9.1m | 1/31/25 | 2/15/26 | 1/31/25 | |
Delivery Order 86614524D00005-86614524F00039 | 24 Asset Management Corp | $10.2m | 2/16/24 | 2/15/25 | 2/16/24 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
3. 12 FIELD SERVICE MANAGEMENT | 312FSM | Department of Housing and Urban Development | Award Notice 20/31 | 11/3/23, 4:47 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86616022D00001 | Department of Housing and Urban Development | Award Notice 5/31 | 6/3/22, 1:54 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86614524D00002 | Department of Housing and Urban Development | Award Notice 19/31 | 11/3/23, 4:36 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86614524D00010 | Department of Housing and Urban Development | Award Notice 25/31 | 11/3/23, 5:30 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86616022D00002 | Department of Housing and Urban Development | Award Notice 13/31 | 6/3/22, 3:32 PM |