Iris Development LLC

Iris Development LLC is a self-certified small disadvantaged business owned by Black Americans that provides property management services to the federal government, primarily in support of disaster relief efforts. The company specializes in managing rental properties leased by the Federal Emergency Management Agency (FEMA) for temporary housing assistance programs. Iris Development LLC has established itself as a key contractor for FEMA's Direct Lease Program, particularly in response to Hurricane Ida relief efforts in Louisiana.

Through its federal contract awards, Iris Development LLC has consistently provided property management services for single-family homes and multi-unit buildings in Houma, Louisiana. These services include maintenance, upkeep, and overall management of rental units leased by FEMA to house residents impacted by Hurricane Ida (DR-4611-LA). The company has received multiple firm fixed price call orders from FEMA, collectively valued at approximately $4.5 million, to manage these properties. The contract periods typically range from 12 to 24 months, with some extending into early 2026. While Iris Development LLC qualifies as a small disadvantaged business, these contracts have been awarded without specific set-aside designations.

Iris Development LLC holds a significant Blanket Purchase Agreement (BPA) with FEMA, awarded in January 2022, with a ceiling value of $10.73 million and a period of performance through July 2024. This single-award BPA was established to rapidly secure property management services for FEMA's Direct Lease Program in response to Hurricane Ida. Under this agreement, FEMA has issued numerous task orders to Iris Development LLC for managing rental properties in Houma, Louisiana. These task orders, typically ranging from $50,000 to $500,000 each, cover various property management responsibilities for multiple rental units over extended periods. This BPA demonstrates FEMA's reliance on Iris Development LLC as a key partner in implementing its disaster housing assistance programs in the aftermath of Hurricane Ida.