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Department of Housing and Urban Development Awarded a Contract to INTERNATIONAL BUSINESS MACHINES CORPORATION for $35,118,590.00
Signed on
5/19/2026, 12:00 AM
INTERNATIONAL BUSINESS MACHINES CORPORATION Government Contract #86615526F00008
INTERNATIONAL BUSINESS MACHINES CORPORATION was awarded a contract with the United States Government for $35,118,590.00. The contract was awarded by the agency office CPO : GNMA SUPPORT DIVISION, which is a division with the Department of Housing and Urban Development within the Department of Housing and Urban Development.
Summary of Award
The recipient of the federal contract is International Business Machines Corporation (IBM), a U.S.-owned business located in Armonk, New York. The contract was awarded by the Department of Housing and Urban Development (HUD) and is for Ginnie Mae Consolidated Cloud Services to modernize proprietary systems and a securitization platform. The contract is valued at $7,193,766 with a total potential value of $35,118,590. One notable transaction involved an award amount of $7,193,766 on May 19, 2026.
Contract Details
Agency Details
Recipient Details
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Award Transactions
Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $7,193,766.00 to INTERNATIONAL BUSINESS MACHINES CORPORATION. The payment included a Subsidy Cost of $0.00.
Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to INTERNATIONAL BUSINESS MACHINES CORPORATION. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $7,193,766.00 to INTERNATIONAL BUSINESS MACHINES CORPORATION. The payment included a Subsidy Cost of $0.00.