Property File Review IFB

The Illinois Housing Development Authority (IHDA) is issuing an Invitation for Bid (IFB) to procure a vendor to perform property reviews, including standard, desk, and limited reviews, of affordable multifamily rental housing developments in IHDA's portfolio across the state of Illinois. The selected vendor will be responsible for planning, conducting, tracking, and reporting on the property reviews in compliance with applicable Federal and State funding sources such as bonds, tax credits, grants, and loans. The contract will have an initial term of three years, with options to renew for up to two additional one-year terms, for a maximum total term of ten years. The vendor must have at least seven years of experience performing similar functions for governmental or quasi-governmental entities and demonstrate expertise in common affordable housing funding sources. Respondents must submit their bids electronically through the BidBuy platform, as IHDA will only accept electronic submissions for this competitive solicitation.

The IFB has a 1% Business Enterprise Program (BEP) goal, but no Veteran Small Business (VSB) goal. Vendors must submit a completed Utilization Plan, which includes a Vendor Commitment, Subcontractor Participation Agreement(s), and a Good Faith Effort Checklist and Documentation. The Utilization Plan becomes part of the contract if awarded. Failure to meet the BEP requirements can result in the termination of the contract or other remedies. The maximum contract amount will be determined and entered by the State prior to execution of the contract, and there is no incumbent vendor currently providing these services.