The U.S. Department of Housing and Urban Development (HUD) awarded a single-award Indefinite Delivery Contract (IDC) to Raine & Company, LLC, a minority-owned, self-certified small disadvantaged business located in Atlanta, Georgia. The $18.4 million contract is for comprehensive Asset Management (AM) Services to support HUD's mission of preserving affordable housing and expanding homeownership opportunities nationwide. Under this IDC, Raine & Company has been issued a $2.9 million Firm Fixed Price Delivery Order for AM Services in HUD's designated Areas 4S and 6S, covering the Atlanta metropolitan region through September 2025. The services include financial reporting, regulatory compliance monitoring, property inspections, budgeting, and disposition assistance for HUD's multifamily housing portfolio. This award is part of Raine & Company's larger IDC contract vehicles with HUD, which have ceiling values ranging from $2.5 million to $39.4 million and cover multiple geographic regions and programs. The original solicitation, issued in 2018, sought Asset Managers to provide these critical administrative and oversight services for federally-owned and subsidized housing assets.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00002 | Other Administrative Action | $0 | 2/12/25 | |
| P00001 | Other Administrative Action | $0 | 11/5/24 | |
| 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 86616024D00016-86616024F00058 | Raine & Company, LLC | $2.9m | 9/30/24 | 9/29/25 | 11/14/24 |
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 |