Renewal Notice - Single Family Loan Servicer (Renewal Option 1 of 2)

The Illinois Housing Development Authority (IHDA) is issuing a renewal notice for a contract with Dovenmuehle Mortgage, Inc. for the subservicing of real estate mortgage loans. This is not a new solicitation, but rather the exercise of the first of two available renewal options for the existing 3-year contract. The renewal term will be from November 1, 2021 to October 31, 2024 and remains subject to the review and formal approval of IHDA's Board. The contract was originally procured through an Invitation for Bid process and awarded to the lowest priced responsive and responsible bidder. The total award amount for the renewal is $4,950,000.

There are no Business Enterprise Program (BEP) or Veterans Business Program (VBP) utilization requirements for this contract renewal. The incumbent vendor, Dovenmuehle Mortgage, Inc., was the sole responding bidder for the original contract. This renewal does not require the integration of any existing infrastructure or technology. The deadline for this renewal notice is August 30, 2021, and IHDA will cancel the renewal if it is not approved by the Board through a duly adopted resolution.