HUD 3.7 Asset Management Services (HUD AM)
Ended Master IDIQ Awarded
- Federal agency
-
Tribal Administration
+ 3 more agencies
- Awardees
- 6 across 16 IDV awards
- Task orders
- 66
- Obligated
- $111,131,097
Vehicle facts
- Opportunity
-
- DU204SA13R0005AM Solicitation number
- Agencies
-
- Tribal Administration Department of Housing and Urban Development
- Housing Office of Multi Family Housing Department of Housing and Urban Development
- Atlanta Operations Branch Department of Housing and Urban Development
- Housing Office of Single Family Housing Department of Housing and Urban Development
- Combined task order value
- $117,170,484 Current and potential, with all options
- Last date to order 100% complete
- Shared ceiling 74% used
- $150,900,000.00
- Predecessor
- HUD 3.5 Asset Management Services (HUD AM)
IDV award and task order details come from SAM.gov/FPDS.
About this vehicle
The Department of Housing and Urban Development Housing Office of Single Family Housing established HUD 3.7 Asset Management Services as a Master IDIQ on September 25, 2015, with a shared ceiling of $150.9 million and a last date to order of May 31, 2019—ordering closed over seven years ago. This vehicle is no longer active for new task orders. The vehicle succeeded HUD 3.5 Asset Management Services and contracted FHA asset managers to market and sell single-family homes while maximizing returns to FHA insurance funds.
Across 66 task orders awarded through June 2020, the vehicle obligated $111.1 million of its $117.2 million combined potential value (95% utilization). Order placement peaked in 2016 at 16 orders, declining to 9 orders by 2020, reflecting wind-down activity as the ordering period closed. Task orders were firm fixed price, typically ranging from roughly $500,000 to $3 million per order, with individual completion dates clustered around May or June of each year, suggesting annual or semi-annual funding cycles. The largest single order was $7.5 million to Sage Acquisitions for area 5P asset management services (base year).
Sage Acquisitions LLC dominates the vehicle, holding 40 of 66 orders (61%) and $68.4 million of combined potential value (58%). The next three primes—Chronos Solutions LLC (9 orders, $16.5 million), KM Minemier & Associates LLC (8 orders, $12.1 million), and Iei-Cityside JV (4 orders, $10.6 million)—together hold 36% of potential value. Six distinct primes shared the portfolio.
HUD's own operating entities drove all ordering. The Assistant Secretary for Housing / Federal Housing Commissioner placed 27 orders ($47.8 million combined potential value), the Housing Office of Single Family Housing issued 18 orders ($23.5 million), and CPO Atlanta Operations Branch awarded 15 orders ($29.3 million). Remaining HUD offices accounted for 6 orders.
Ninety-one percent of task orders (60 of 66) were unrestricted. Six orders carried total small business set-asides, representing 9% of the portfolio. Work spanned geographic areas (1P through 8A) covering regions from Michigan and New England (1P/3P) through Florida and Puerto Rico (8A), with significant concentration in midwest and southeast service areas.
Description
The Federal Housing Administration (FHA) within HUD insures approved lenders against the risk of loss on loans they finance for purchase or rehabilitation. HUD has a need to manage and sell a sizable inventory of single-family homes in a manner that promotes home ownership, preserves communities, and maximizes return to the FHA insurance funds. The AM contractors under this vehicle provide vital property marketing and sales services under existing competitively awarded M & M III AM Task Orders.
IDV awards
Show all 16
Latest task orders
Show 15 more
Latest 25 of 66 listed here. See the rest on GovTribe.
Top awardees by obligations
| Rank | Awardee | Obligated | Share |
|---|---|---|---|
| 1 | Sage Acquisitions LLC | $65,663,454 | 59% |
| 2 | Chronos Solutions, LLC | $16,468,700 | 15% |
| 3 | KM Minemier & Associates, LLC | $12,100,991 | 11% |
| 4 | Iei-Cityside JV | $7,304,728 | 7% |
| 5 | Alpine - First Preston JV II, LLC | $5,919,923 | 5% |
| 6 | Q Integrated Companies, LLC | $3,673,302 | 3% |
Top funding agencies by obligations
| Rank | Funding agency | Obligated | Share |
|---|---|---|---|
| 1 | Department of Housing and Urban Development | $111,131,097 | 100% |
Obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2025 | -$6,952,207 |
| FY2024 | -$37,524,719 |
| FY2023 | -$47,136,068 |
| FY2021 | -$100,029,122 |
| FY2020 | -$21,210,569 |
| FY2019 | $23,099,434 |
| FY2018 | $45,866,236 |
| FY2017 | $76,651,974 |
| FY2016 | $92,648,231 |
| FY2015 | $85,717,906 |
Quick answers
What is the HUD AM contract vehicle?
HUD 3.7 Asset Management Services (HUD AM) is an indefinite delivery, indefinite quantity (IDIQ) contract vehicle run by Tribal Administration (Department of Housing and Urban Development), Housing Office of Multi Family Housing (Department of Housing and Urban Development), Atlanta Operations Branch (Department of Housing and Urban Development) and Housing Office of Single Family Housing (Department of Housing and Urban Development), awarded on September 25, 2015.
Which companies hold HUD AM?
6 companies hold HUD AM's 16 IDV awards. The latest went to Sage Acquisitions LLC on February 19, 2016. The awardees whose task orders obligated the most are Sage Acquisitions LLC, Chronos Solutions, LLC and KM Minemier & Associates, LLC.
How much has been spent through HUD AM?
66 task orders have been placed under HUD AM, obligating $111,131,097. Their combined current value, with exercised options, is $117,170,484.
What is the shared ceiling of HUD AM?
HUD AM's shared ceiling is $150,900,000; its task orders have used 74% of it.
Which agencies use HUD AM the most?
The departments whose task orders under HUD AM obligated the most are Department of Housing and Urban Development ($111,131,097).
How much was obligated through HUD AM in fiscal year 2025?
Task orders under HUD AM obligated -$6,952,207 in fiscal year 2025.
What came before and after HUD AM?
HUD AM succeeded HUD 3.5 Asset Management Services (HUD AM).
On GovTribe
See this vehicle's full record
- Every IDV award and task order
- Funding by agency, awardee, NAICS and set-aside
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