Department of Housing and Urban Development Awarded a Contract to FEASIBILITY RESEARCH GROUP OHIO LLC for $17,700.00

Summary of Award

The awarded contract between the U.S. federal government and Feasibility Research Group Ohio LLC, as outlined in the JSON response from usaspending.gov, presents a detailed account of government expenditure related to a specific task order. This contract involves a partnership with the Department of Housing and Urban Development (HUD) to perform multifamily Midwest rent comp studies.

### Contract Overview

The contract type is identified as a "Delivery Order," under the contractual category and designated with the unique identifier "CONT_AWD_86614124F00024_8600_86614119D00006_8600." This delivery order is part of a broader indefinite delivery/indefinite quantity (IDIQ) framework, reflected in the parent award ID, "86614119D00006." Indefinite delivery contracts like this are prevalent in government procurement, allowing for flexibility in provision requirements. The contract's purpose, as described, is to execute tasks associated with real estate property appraisal studies across the Midwest region. These rent comp studies are vital in helping set benchmarks and aid decision-making processes in housing policies. ### Financial Detailing The financial information reveals a total obligation of $17,700, which matches the base and all options value, indicating no additional funded options were exercised. There is a discrepancy between total obligations and account obligations, with account obligations reaching $29,500. This difference is noteworthy and may relate to adjustments or modifications in funding allocations or in execution plans. ### Transaction Details The transactions relating to this contract provide insight into movements within this awarded amount. Two key transactions are documented. 1. **Initial Transaction (2024-07-31)** The initial transaction matches the contract issue date, with a transaction amount recorded at $29,500. This issuance underlines the full obligation of funds to Feasibility Research Group Ohio LLC from the onset. The awarding agency, under the same sub-agency, confirms a straightforward allocation process from HUD. 2. **Adjusting Transaction (2025-04-10)** A subsequent transaction reflects a negative adjustment of $11,800, which leaves a residual value closer to the described total obligation value of $17,700. Modifications in federal contracts often indicate contractual amendments, fulfillment adjustments, or realignment of scope based on evolving requirements. ### Role and Expertise of Feasibility Research Group Ohio LLC Feasibility Research Group Ohio LLC is the contract recipient tasked with executing the detailed deliverables under this agreement. Their role predominantly involves professional real estate appraisal services, as indicated by the NAICS code 531320. This classification confirms the company’s specialization in real property valuation and related services. The company falls under numerous beneficial categories. They are registered as a Small Disadvantaged Business and participant in programs aimed at fostering business opportunities for minority-owned entities. The business’s location in Cleveland, Ohio, positions it strategically within the Midwest, enhancing their contextual understanding and applicability in conducting regional studies. Feasibility Research Group's corporate structure as a Limited Liability Corporation (LLC) provides them with the operational flexibility to engage in professional services while benefiting from limited liability protection. Their diverse category memberships ensure adherence to several disadvantaged business programs, allowing them to leverage minority and small business status in federal contracting. ### Agency and Performance Context As the awarding and funding agency, the Department of Housing and Urban Development oversees and implements housing policies at a federal level. Their Chicago Operations Branch facilitated this contract, further highlighting the localized approach taken by HUD when addressing regional housing assessment needs. The period of performance for the task order spans from July 31, 2024, to December 3, 2024, with all activities required to align within these temporal boundaries. Notably, the assessments must incorporate reliable data to enhance accuracy and inform future housing policies. ### Broader Implications and Analysis This contract is a microcosm of government expenditure in regional housing studies. Through the provision of accurate rent comparability assessments, housing authorities can ensure equitable rent settings that align with market conditions. Such studies are crucial for maintaining housing affordability, especially amidst dynamic real estate market trends. Furthermore, the contract supports small, minority-owned enterprises, aligning with federal objectives to diversify participation in government procurement. The Feasibility Research Group’s engagement in this initiative underscores the civil commitment towards harnessing local expert knowledge while ensuring federal resources are allocated effectively. In synthesis, the awarded contract serves as an exemplar of how federal spending is strategically deployed to harness regional expertise in real estate analysis, while simultaneously fostering minority business growth within government contracting. This transaction not only provides practical outputs beneficial to HUD but also sustains economic opportunities for specialized small business entities in America.