Asset management services contract areas 4A, 5A, 6A, 8A, 1D, 2D, 4D, 5D, 3P, 4P, 5P
Ended Indefinite Delivery Contract Awarded Last action
- Contract number
- 86616024D00004
- Awardee
-
Raine & Company, LLC UEI WNCDANULC217
- Awarding agency
-
Atlanta Operations Branch
Department of Housing and Urban Development
- Task orders
- 22 $11,783,171 obligated
Award facts
- Combined order value
- $11,783,171 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 53% used
- $22,441,426.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- Funding agency
- Assistant Secretary for Housing Federal Housing Commissioner Department of Housing and Urban Development
- NAICS code
- 531390 Other Activities Related to Real Estate
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
About this IDV
The U.S. Department of Housing and Urban Development (HUD) awarded an Indefinite Delivery Contract (IDC) valued at $39.4 million to Raine & Company, LLC, a minority-owned, self-certified small disadvantaged business based in Atlanta, Georgia. The contract covers a range of asset management services for HUD's multifamily housing portfolio in the Atlanta metropolitan area through August 2024. Raine & Company has received multiple firm fixed price delivery orders under this IDC, as well as previous IDCs with HUD, to provide comprehensive asset management support, including financial reporting, regulatory compliance monitoring, property inspections, budgeting, and disposition assistance for federally-owned and subsidized housing assets. These services support HUD's mission of preserving quality affordable housing stock and expanding homeownership opportunities. The IDC and associated delivery orders do not have set-aside designations.
The key products and services delivered under this contract include financial management, compliance oversight, property management, and real estate disposition support for HUD's multifamily housing assets in the Atlanta region. Raine & Company, the prime contractor, is responsible for ensuring HUD's properties remain viable, compliant, and affordable. The contract covers multiple geographic areas designated by HUD, such as Areas 1D, 2D, 3P, 4A, 4D, 5A, 5D, 5P, 6A, and 8A. Individual delivery orders range in value from $457,176 to over $1.7 million, with the largest IDC award valued at $39.4 million. The contract serves to efficiently procure Raine & Company's expertise in managing HUD's diverse real estate portfolio through a flexible, indefinite delivery vehicle.
Task orders
Show all 22
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 86616024D00004?
86616024D00004 was awarded to Raine & Company, LLC by Atlanta Operations Branch (Department of Housing and Urban Development) on March 1, 2024.
How much is contract 86616024D00004 worth?
Orders under 86616024D00004 have obligated $11,783,171. 86616024D00004's own ceiling is $22,441,426.
How many orders have been placed under contract 86616024D00004?
22 orders have been placed under 86616024D00004, the latest on September 1, 2024.
Which agency awarded contract 86616024D00004?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86616024D00004, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Who can order from contract 86616024D00004?
86616024D00004 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 86616024D00004 competed?
The extent of competition for 86616024D00004 was not competed. The government received 1 offer.
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