3.76_Synopsis_final.pdf

SYNOPSIS: The United States Department of Housing and Urban Development (HUD) intends to solicit offers in response to Request for Proposal (RFP) number 86544B-18R-

00001 to contract for all necessary 3.76 Asset Manager (AM) services in support of HUD's

Single Family Real Estate-Owned (REO) property inventory. HUD intends to procure a single-award Indefinite Delivery/Indefinite Quantity (IDIQ) AM contract to manage HUD

Owned Single Family Properties within the 3A (Illinois) geographic area.

This service will support the marketing and resale of HUD's Real Estate Owned (REO) single family property inventory within the geographical area referenced above. This requirement will involve 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. Because 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 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 has determined that this opportunity will be UNRESTRICTED. Offers received in response to the solicitation will be evaluated in accordance with FAR Part 15.101-2 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

531210, Office of Real Estate Agents and Brokers. HUD anticipates issuing a total of one

(1) contract, resulting in a single contract award for the one solicited area.

The resultant contract will be an Indefinite Delivery/Indefinite Quantity (IDIQ), Hybrid

Fixed-Price (Fixed Unit Rate) and Cost Reimbursement type contract. The period of performance, if awarded, will include a twelve 12-month base period, plus one (1) 12-month option period. The solicitation is expected to be released on or about December 26, 2017.

Proposals will be due 30 calendar days from the issuance date of the solicitation. To be eligible for award, firms must be registered in the System for Award Management (SAM) database under the corresponding NAICS code solicited. 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.

http://www.fsd.gov/ https://www.fbo.gov/index