The Department of Housing and Urban Development (HUD) awarded an Indefinite Delivery Contract (IDC) to Raine & Company, LLC, a minority-owned, self-certified small disadvantaged business located in Atlanta, Georgia. The contract, valued at up to $19,085,166.60, is for AREA 4D/5D ASSET MANAGEMENT SERVICES and has an ultimate completion date of September 26, 2025. Through this IDC, Raine & Company provides comprehensive asset management services to support HUD's mission of preserving affordable housing and expanding homeownership opportunities. The scope of services includes financial reporting, regulatory compliance monitoring, property inspections, budgeting, and disposition assistance for federally-owned and subsidized multifamily housing assets, primarily in the Atlanta metropolitan region. The contract was awarded as a single award on a full and open competition basis, without any set-aside designations, demonstrating Raine & Company's competitive capabilities in this area. The IDC enables HUD to efficiently procure the company's expertise through firm fixed-price delivery orders, with periods of performance typically ranging from six months to two years.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00002 | Change Order | $0 | 2/25/25 | |
| P00001 | Other Administrative Action | $0 | 11/14/24 | |
| Not listed | Not listed | $0 | 9/27/24 |
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 86616024D00011-86616024F00053 | Raine & Company, LLC | $3.2m | 9/30/24 | 9/29/25 | 1/6/25 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
3. 9 Asset Management Services | 3_9_Asset_Management_Services | Department of Housing and Urban Development | Award Notice 11/14 | 9/29/24, 7:40 PM | |
3. 9 Asset Management Services | 3_9_Asset_Management_Services | Department of Housing and Urban Development | Award Notice 9/14 | 9/29/24, 7:20 PM | |
3. 9 Asset Management Services | 3_9_Asset_Management_Services | Department of Housing and Urban Development | Award Notice 8/14 | 9/29/24, 7:09 PM | |
3. 9 Asset Management Services | 3_9_Asset_Management_Services | Department of Housing and Urban Development | Award Notice 5/14 | 9/29/24, 6:36 PM | |
3. 9 Asset Management Services | 3_9_Asset_Management_Services | Department of Housing and Urban Development | Award Notice 12/14 | 9/29/24, 7:47 PM |