Property File Review IFB

The Illinois Housing Development Authority (IHDA) is seeking a vendor to perform property reviews, including standard, desk, and limited reviews, of affordable multifamily rental housing developments in IHDA's portfolio. The reviews will assess the maintenance and security, financial management, leasing and occupancy, tenant/management relations, and general management practices of the properties. The vendor must have at least seven years of experience performing similar functions for governmental or quasi-governmental entities. The resulting contract will have an initial term of three years, with two one-year renewal options. Submissions must be made electronically through the BidBuy procurement system, and the deadline for responses is not provided in the documentation.

The solicitation includes a 1% Business Enterprise Program (BEP) goal, which requires vendors to subcontract a portion of the work to BEP-certified minority, women, and disabled-owned businesses. Vendors must submit a Utilization Plan demonstrating how they will meet this goal. The funding sources for the properties include various federal and state programs such as Risk Share, Section 8, Low-Income Housing Tax Credits, and HOME Investment Partnerships Program. Details on pricing, incumbents, and award amounts are not specified in the provided information.