Synopsis_3.7.doc

The United States Department of Housing and Urban Development (HUD) intends to solicit offers in response to Request for Proposal (RFP) number DU204SA-13-R-0005 to contract for all necessary Asset Manager (3.7 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 twelve (12) geographic areas: 3A (Illinois); 4A( Indiana and Kentucky); 5A (North Carolina and South Carolina); 6A (Alabama, Mississippi, and Tennessee); 7A (Georgia); 8A (Florida, Puerto Rico and US Virgin Island); 1D (Colorado, New Mexico, North Texas and Utah); 2D (Arkansas, Kansas, Louisiana, Missouri, Oklahoma and South Texas); 1P (Michigan); 3P (Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont; 4P (Ohio); 5P (Delaware, Maryland, Pennsylvania, Virginia, District of Columbia, and West Virginia).

These services will support the marketing and resale of HUD's Real Estate Owned (REO) single family property inventory within these 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 method, 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 five primary objectives for its Asset Managers Services which consist of the following (1) Properties are accurately and competitively valued; (2) Sales achieve the highest net return to HUD;(3) Holding time is minimized; (4) Sales create owner-occupant opportunities and preserve neighborhoods; and (5) Closing proceeds are properly accounted for and delivered to HUD in a timely manner.

HUD conducted significant market research in support of this requirement, including issuing a public Sources Sought notice in Fedbizopps, https://www.fbo.gov/?s=opportunity&mode=form&id=a1046303feefe027050dc193d5c8dee4&tab=core&_cview=0, and GSA eBuy. HUD hosted an Industry Day on January 22, 2014. Based on the results of the market research, HUD has determined that the following opportunities will be set aside for small businesses under FAR Part 19 small business programs: Nine (9) total Small Business set-asides will be solicited for Areas: 3A, 6A, 7A, 8A, 1P, 3P, 4P, 5P, 1D. Two (2) Women Owned Small Business set-asides will be solicited for Areas 4A and 5A. Area 2D will be solicited on an unrestricted basis as full and open competition. 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 531210, Office of Real Estate Agents and Brokers with an identified Business Size Standard of $7 million. HUD anticipates issuing a total of twelve (12) contracts, resulting in a single contract award for each of the twelve solicited areas. The resultant contract (s) will be Hybrid, Indefinite Quantity/ Fixed-Price (Fixed Unit Rate) and Cost Reimbursement Award type contract, if awarded will include a nine month base period, plus four twelve month option periods. The solicitation is expected to be released on or about March 31, 2014. 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 category. 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 FEDCONNECT from the link provided on the Federal Business Opportunity website https://www.fbo.gov/index.