3.9_AM_Synopsis.pdf

The United States Department of Housing and Urban Development (HUD) intends to solicit offers in response to Request for Proposal (RFP) number 86544A19R00003 to contract for all necessary 3.9 Asset Manager (AM) services in support of HUD's Single Family Real Estate-Owned (REO) property inventory. HUD intends to award separate single-award Indefinite Delivery/Indefinite Quantity (IDIQ) AM contracts to manage HUD Owned Single Family Properties within each of the following seven (7) geographic areas: 3S (Arizona); 5S (California, Hawaii, Guam); 4S (Nevada, Idaho); 6S (Alaska, Washington, Oregon); 4D (South Dakota, Nebraska, Iowa, Wisconsin); 5D (Montana, Wyoming, North Dakota, Minnesota); 3P (Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont).

These services will support the marketing and resale of HUD's Real Estate Owned (REO) single family property inventory within the geographical areas referenced above. This requirement will require interaction with existing and future HUD contractors, homebuyers, investors, the real estate industry (including local listing brokers), nonprofit housing and advocacy organizations, Federal, State and local governments and HUD staff.

The Federal Housing Administration (FHA), an organizational unit within HUD, administers the single-family mortgage insurance program. FHA insures approved lenders against the risk of loss on loans they finance for the purchase, and in some instances rehabilitation, of single-family homes. In the event of a default on an FHA insured loan, the lender acquires title to the property by foreclosure, a deed-in-lieu of foreclosure, or other acquisition methods, files a claim for insurance benefits and conveys the property to HUD. As a result of acquisitions through the mortgage insurance program and other programs, HUD has a need to manage and sell a sizable inventory of foreclosed single-family homes in a manner that promotes home ownership, preserves communities, and maximizes return to the FHA insurance funds. HUD is the largest single seller of real estate in the US.

HUD has identified primary objectives for its Asset Management services to analyze market and property conditions and develop a marketing strategy for the pricing and disposition of each property. The Contractor is required to list, market, select the best offer, execute sale documents, oversee the closing process, and ensure that sale proceeds are delivered to HUD in a no more than one (1) business day.

Asset Management services shall include:

• Transition In

• Marketing and Sales

• Inspections

• Data Updates

• Customer Service

• Required Reports

• Training

• Transition Out

HUD conducted significant market research in support of this requirement, including issuing a public Sources Sought notice in FedBizOpps, https://www.fbo.gov and GSA eBuy. Based on the results of the market research, HUD has determined that these opportunities will be set aside for small businesses under FAR Part 19, Total Small Business Set-aside. Offers received in response to the solicitation will be evaluated in accordance with FAR Part 15 procedures.

The Government does not intend to use FAR Part 12 for this solicitation. The North American Industrial Classification System (NAICS) code for this acquisition is 531390, Other Activities Related to Real Estate with an identified Business Size Standard of $7.5 million. HUD anticipates issuing a total of seven (7) contracts, resulting in a single contract award for each of the seven solicited areas.

The resultant contract(s) will be Hybrid, Indefinite Delivery/Indefinite Quantity (IDIQ), Fixed-Price (Fixed Unit Rate) and Cost Reimbursement Award type contract, if awarded, will include a based period up to twelve 12-months, plus four 12-month option periods. The solicitation is expected to be released on or about November 2, 2018. Proposals will be due 30 calendar days from the issuance date of the solicitation. In order to be eligible for award, firms must be registered in the System for Award Management (SAM) database under the corresponding NAICS code solicited and must meet any business size restrictions imposed under the set-aside. Businesses may obtain information on registration by calling 1-866- 606-8220, or via the Internet at website www.fsd.gov. Upon issuance of the solicitation, the solicitation document(s) may be obtained via the Federal Business Opportunity website https://www.fbo.gov/index.