FY22 Illinois Minority Real Estate Scholarship Program SPSSC

This state contracting opportunity is a sole source small purchase for the administration of the Illinois Real Estate Minority Scholarship Program on behalf of the Illinois Division of Real Estate. The Illinois Real Estate Education Foundation will be responsible for managing the scholarship program. The contract will require the selected vendor to administer the scholarship program, including processing applications, selecting recipients, disbursing funds, and reporting on program outcomes. Vendors must have experience in managing educational scholarship programs and demonstrable expertise in supporting minority and underserved communities within the real estate industry. The procurement has a due date of June 14, 2021, with a short turnaround for responses.

This opportunity is specifically designated for minority-owned businesses or organizations. The State of Illinois is seeking to increase diversity and representation within the real estate field through this targeted scholarship program. No incumbent vendor information is provided, and the award value or budget range is not specified. However, vendors will need to comply with the State's comprehensive standard terms and conditions, as well as a set of mandatory certifications covering legal, ethical, and financial requirements for doing business with the State of Illinois.