CAMRA 26-27 Sole Source

The Illinois Housing Development Authority (IHDA) awarded a sole source contract to SS&C Technologies, Inc., valued at $229,439.97 for the period of September 30, 2026, through September 29, 2027. The contract encompasses software licensing, maintenance, support, and hosting services for CAMRA (Computer Aided Mortgage Recording and Analysis), a proprietary portfolio management system used by IHDA to track investment and debt holdings exceeding $5.0 billion. The cost structure includes an annual hosting fee of $54,480.12, annual maintenance fee of $21,851.78, annual license fee of $127,672.05, automation fee of $15,436.02, and professional services up to $10,000 at a rate of $275 per hour.

The sole source procurement was justified based on CAMRA's proprietary nature and exclusive availability from SS&C Technologies, combined with the system's customized functionality developed specifically for IHDA's complex financial requirements and regulatory obligations. The Authority determined that vendor transition would entail substantial costs for system migration, data conversion, training, and recustomization, rendering continued reliance on the existing platform economically and operationally advantageous. The contract is funded through IHDA's locally held funds and contains no renewal options, with performance extending no beyond the initial 12-month term. The State Purchasing Officer approved the sole source justification on August 28, 2026.