HUD 3.5 Asset Management Services (HUD AM)

The HUD 3.5 Asset Management Services Master Indefinite Delivery/Indefinite Quantity (IDIQ) contract supports the Department of Housing and Urban Development's (HUD) requirements for comprehensive asset management services related to single-family Real Estate Owned (REO) properties. The contract covers marketing, resale, and property management services for HUD-owned residential properties across multiple geographic regions, specifically targeting Home Ownership Centers (HOCs) in three primary areas spanning western and midwestern states. The contract enables HUD to efficiently manage its inventory of foreclosed and government-owned residential properties through multiple prime contractors who can provide specialized regional asset management support.

The contract consistently awards firm fixed-price delivery orders to two primary contractors: BLB Resources, Inc. (a woman-owned small business) and Chronos Solutions, LLC. Task orders typically range from approximately $400,000 to $17.8 million, with performance periods of one year (generally June 1 through May 31). The contract covers geographic areas including Arizona, Idaho, Nevada, Alaska, California, Hawaii, Oregon, Washington, Iowa, Minnesota, Montana, North Dakota, Nebraska, South Dakota, Wyoming, and Wisconsin. Most task orders are not set aside for small businesses, though one early award was designated as a total small business set-aside. Contractors perform services from various locations including Virginia, California, Texas, and other states, supporting HUD's objective of maintaining, marketing, and reselling single-family residential properties across these regions.