FY27 Bloomberg SSJF signed_spo~1.pdf

Sole Source Justification Form

Bulletin Reference Number 126-551 HDA-INFOT-B-52149

Requesting Agency/University Illinois Housing Development Authority

Sole Source Justification Form - Part I

Section I - General Information

Department/Bureau/Section: ~IF_in_a_n_c_e_D_e_p_a_rt_m_e_n_t ______________________________ ~ Need Identified Date: 107 /01 /2026

ProjectTitle: !Bloomberg Financial Markets

Vendor: !Bloomberg LP

Provide a description of the supplies or services required:

Supply/Service Need By Date: ~lo_6_!3_0_12_0_2_s ____ ~

Bloomberg is a premier financial system utilized by the financial industry to manage investments through security valuation, best execution evaluation, market analysis, rate benchmarking, access to financial reporting, and financial news among other things. The Authority uses Bloomberg to execute trades, create trade tickets and to value the portfolio. The Authority also uses it to track information related to mortgage back securities, such as prepayment speeds and repayment factors in addition to monitoring indexes and Treasury rates which are used as benchmarks for setting internal rates and reconciling variable rate interest cost. The system is also used to manage investment collateral and to perform portfolio stress tests. Bloomberg also provides the Authority with access to tools and information needed to evaluate "best execution" for its financial transactions.

Value: ~IN_o_t_to_E_xc_e_e_d ____ ~I Value of Initial Term, this Change Order or Amendment: ~I3_6_4_,o_o_o _________ ~ Will this Sole Source amend a Professional or Artistic Services contract? D Yes [gJ No

*Sole Source may not be used for amendments for Professional or Artistic Services if the amendment would increase the value by more than 5% of the initial award or extend the term by more than 60 days.

Type: New Sole Economically Feasible Source

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Requesting Agency/University Illinois Housing Development Authority

Section II - Proposed Term

D One-Time Purchase [gJ Term Contract

Estimated Contract Begin Date: 107 /01 /2026

Estimated Contract End Date: 106/30/2028

Number of Potential Renewals:

Length of Each Renewal in Months:

Total Value of All Renewals:

If a Term Contract, does the term, including renewals, exceed 12 months? IZI Yes D No

If yes, provide a detailed justification including any economic benefit received for agreeing to a multi-year term:

Bloomberg is a mission-critical system embedded in IHDA's daily investment, debt, and capital markets operations, including trade execution, valuation, benchmarking, and risk monitoring. Given the significant time and effort required to negotiate and implement this contract, a 2-year term ensures operational continuity, promotes operational efficiency, and allows the Authority to fully realize the value of the current agreement while maintaining flexibility going forward. Bloomberg is proprietary software and no single alternative provider is able to meet the full scope of the Authority's needs. The pricing offered by Bloomberg secures our pricing and fees for a two

(2) year subscription term, during which the fees paid by the Authority will not exceed the approved contract amount for that two (2) year term. Furthermore, it will be cost prohibitive and detrimental for the Authority's operations to convert to different systems that will require new infrastrucure or interface.

Section Ill - Funding Source

Select the type of funding to be used (Check all that apply): D State Appropriate Funds D Federal Funds [gJ Other (Explain):

Locally held funds at the Illinois Housing Development Authority, a self-supported public entity.

Section IV - Sole Source Justification

This purchase is economically only available from a single source primarily because it is: (If "Other" explain in one sentence)

Items are Copyrighted or Patented and the items are only available from the holder.

Are there secondary justification(s) for this sole source? D Yes [gJ No

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Requesting Agency/University Illinois Housing Development Authority

Section V - Purchase History

Has the Agency or University Purchased these supplies or services in the past? IZ] Yes D No

Term Term From I Term To I Value I Description I Contract Number I Type

1 01/01/2026 06/30/2026 159,000

2 07/01/2024 06/30/2025 140,000

3 07/012023 06/30/2024 135,420

4 07/01/2022 06/30/2023 155,000

5 07/01/2021 06/30/2022 120,000

6 1/15/2021 6/30/2021 55,000

7 1/15/2020 1/14/2021 110,000

8 12/01/2019 12/30/2019 7,800

9 11/01/2019 11/31/2019 7,800

10 10/01/2019 10/31/2019 7,800

If more than 10, or if other comments, explain:

Section VI - Business Rationale

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Bloomberg Financial Markets 25-551 HDA-FINANa I sole Source

Bloomberg Financial Markets 24-551-IHDA-INFOII lsole Source

Bloomberg Financial Markets 24-551 HDA-INFOT-0 I sole Source

Bloomberg Financial Markets 23-551 HDA-INFOT-f;j I sole Source

Bloomberg Financial Markets 21-551 HOA-FINAN-a I sole Source

Bloomberg Financial Markets I Amendment

Bloomberg Financial Markets 20-551 HOA-LEGAL a I small Purchase

Bloomberg Financial Markets 20-551 HDA-LEGALg I small Purchase

Bloomberg Financial Markets 20-551 HOA-LEGAL a I small Purchase

Bloomberg Financial Markets 20-551 HOA-FINAN-. I small Purchase

Original procurement 06/1/1999 - 05/31/2001 via sole source. Value: $94,220.

Second procurement 06/01/2001 - 05/31/2003 via sole source. Value: $110,425.

Third procurement 06/01/2003 - 05/31/2005 via sole source. Value: $120,906.

Forth procurement 06/01/2005 - 05/31/2007 via renewal. Value: $162,480 Fifth procurement 06/01/2007 - 05/31/2009 via renewal. Value: $106,244.

Sixth procurement 06/01/2009- 05/31/2011 via sole source. Contract #22014982. Value:

$111,970.

Seventh procurement 06/01/2011 - 05/31/2013 via renewal. Contract #22014982. Value:

$115,149.

Eighth procurement 06/01/2013 - 05/31/2015 via renewal. Contract #22030250. Value:

$163,144.

Ninth procurement 06/01/2015 - 05/31/2017 via renewal. Contract #22035728. Value:

$200,000.

Tenth procurement 05/29/2017 - 05/31/2018 via sole source. Contract #22040289. Value:

$100,000.

Eleventh procurement 06/01/18- 06/31/2018 via Small Purchase Contract #18-551 HDA LEGAL-P-1965. Value $6,745.

Twelfth procurement 07/01/2018 - 06/30/2019 via Small Purchase Contract #18-551 HDA LEGAL-P-2829. Value $100,000.

Thirteenth procurement 07/01/2019 - 07/31/2019 via Small Purchase Contract 20-551HDA-LEGAL-P-10913 Value $7,713.25.

Fourteenth Procurement 08/01/2019 - 8/31/2019 via Small Purchase Contract 20-551- IHDA-FINAN-P-11650 Value$7,800 Fifteenth Procurement 09/01/2019 - 9/30/2019 via Small Purchase Contract 20-551- INFOT-P- 12364 Value: $7,800

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Requesting Agency/University Illinois Housing Development Authority

1. Provide a detailed explanation of the need for the supplies or services:

The Illinois Housing Development Authority (the "Authority") is a body politic and corporate of the State created in 1967 by the Illinois Housing Development Act, 20 ILCS 3805, et seq., as amended the ("Act"), for the purposes of financing decent, safe and sanitary housing for persons and families of low and moderate income and residential mortgages in the State. The Act also authorizes the Authority to issue its bonds and notes to fulfill its corporate purposes, including the financing of mortgage and construction loans and the refunding of bonds and notes previously issued to finance mortgage and construction loans. In order for the Authority to perform its mission, the Authority requires the use of Bloomberg to manage and monitor the Authority's investments and the investment of bond proceeds pursuant to Generally Accepted Accounting Principle ("GAAP"), Governmental Accounting Standards Board ("GASB") and Government Auditing Standards ("GAS"). Bloomberg is a sole source proprietary product. Bloomberg is a premier financial system utilized by the financial industry to manage investments through security valuation, best execution evaluation, market analysis, rate benchmarking, access to financial reporting, and financial news among other things. The Authority uses Bloomberg to execute trades, create trade tickets and to value its investment portfolios. The Authority also uses it to track information related to mortgage back securities, such as prepayment speeds and repayment factors, in addition to monitoring indexes and Treasury rates which are used as benchmarks for setting internal rates and reconciling variable rate interest costs. The system is also used to manage investment collateral and to perform portfolio stress tests. Bloomberg also provides the Authority with access to tools and information needed to evaluate "best execution" for its financial transactions.

2. Provide a list and describe in detail the specifications required to satisfy the need:

All maintenance of the software is handled directly by Bloomberg. The above mentioned services would need to be able to: conduct financial transactions, buy and sell securities, access real time pricing, perform electronic TBA ("To Be Announced") executions, price investment portfolios, create trade tickets, determine prepayments speeds on investment vehicles, provide cash flow and yield analysis, track LIBOR and US Treasury rates, monitor additional industry benchmarks for evaluation, price bonds, and monitor the Authority's liability and debt instruments, while complying with any specific audit requirements of the Authority.

3. Provide detail explaining the justification selected in Section IV to explain why the requested supplies or services are the only ones available that can satisfy the agency or university requirements?

The Authority currently maintains a contract with Bloomberg, LP. to provide the services described in Section VI (2). Bloomberg is the only vendor capable of delivering the full range of integrated functionality required by the Authority. This comprehensive capability makes Bloomberg the sole qualified provider to meet the Authority's operational and analytical needs.

4. What are the unique features of the supplies or services that are not available in any other product or by any other vendor? Provide specific quantifiable factors/qualifications:

When looking at the product as a whole, Bloomberg is a completely unique product. While some of the functions as listed in Section Vl(2) may be able to be performed by other entities, they are only able to perform one (1) or a few items as to what the Authority has deemed mandatory items under this sole source justification.

5. Has the Agency or University considered alternative supplies or services to satisfy their need? D Yes IZJ No

Sa. If no, why weren't alternatives evaluated?

Internal evaluation has confirmed that no single alternative provider is able to meet the full scope of the Authority's needs. Bloomberg Data License services are solely provided by Bloomberg Finance LP., Bloomberg LP. and its affiliates.

6. Are there resellers or distributors?

D Yes IZJ No D N/A

7. What efforts were made to get the best possible price (i.e. did the agency/university negotiate) and how did you determine the price for this purchase is considered fair and reasonable?

The price for this service is non-negotiable and as such constitute their standard contract fees. Given the impact to the Authority and the myriad of functions the service is providing, we have deemed it fair and reasonable considering the known costs for other products which may provide only one (1) or a few of the functions as provided in Section Vl(2).

8. Will this purchase obligate the State to this vendor for future purchases such as maintenance, licensing or continuing need?

D Yes 1ZJ No

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Requesting Agency/University Illinois Housing Development Authority

9. What will be the financial or other impact to the State if this sole source is not approved and a competitive bid is required?

If this Sole Source is not approved, the Authority risks potential financial and policy compliance issues, including noncompliance with the Procurement Code.

1 O. ls there any additional information you would like to add to justify this sole source?

N/A

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Requesting Agency/University Illinois Housing Development Authority

Section VII

Requesting Department Signature Required

I know and understand the contents of this Sole Source Justification and attest that all statements are true and correct and the fairness and reasonableness of the price was adequately confirmed.

Requesting Department Representative

Printed Name

Phone Number I~------~ Date I~---~ E-mail Address

State Agency Bureau/Division Head or University Purchasing Director Approval and Signature Required

I know and understand the contents of this Sole Source Justification and attest that all statements are true and correct and the fairness and reasonableness of the price was adequately confirmed. (All prior form fields will lock once thise-signature is completed)

Agency Bureau/ ... D_i_v_is-io_n_H_e_a_d_o_r _u_n_iv_e_rs-it_y_ ~I ___________________________ -...:;----~I Phone Number ~' ------~ Purchasing Director and Not a Designee _ . _ Date

Printed Name E-mail Address

SPO Approval and Signature Required

□ I have reviewed and understand the contents of this Sole Source Justification and agree with the State Agency or University determination.

D I have reviewed and understand the contents of this Sole Source Justification and do not agree with the State Agency or University determination. As a result, the State Agency or University must explore other sourcing methods to satisfy their need.

State Purchasing Officer Signature ~----------~I Phone Number I~------~ Date

Printed Name E-mail Address

Version 7.01 Page 6of7 kfaust@ihda.org

312-836-5314 5/7/2026

312-836-5200 4/30/26

Faisal Ghauri fghauri@ihda.org

Kristin Faust

X

217-299-5856 5/11/26

Jenny Shourd jennifer.shourd@illinois.gov

AHarris Highlight

AHarris Highlight

Requesting Agency/University Illinois Housing Development Authority

Sole Source Justification Form - Part II

Section I - General Information

Project Title

Vendor

Initial Date of Procurement Bulletin Posting

Was a Sole Source hearing held per 30 ILCS 500/20-25?

D Yes - Complete Section II and Ill below (Section II will only be visible when this option is selected)

D No - Section II not required, go to Section Ill below

Section Ill - CPO Approval and Signature Required

D Based on my review, I authorize the Agency/University to proceed in accordance with the published Notice referenced above.

D Based upon my review, I authorize the Agency/University to proceed with the following Changes.

D Based on my review, the Agency/University is not authorized to proceed with this sole source as presented and my recommendation is that it be cancelled.

D Other

CPO Signature CPO Phone

Printed Name Date

CPO E-mail

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