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Department of Housing and Urban Development Awarded a Contract to YARDI SYSTEMS, INC. for $52,200,637.00

Signed on

3/10/2023, 12:00 AM

YARDI SYSTEMS, INC. Government Contract #86615623C00005

YARDI SYSTEMS, INC. was awarded a contract with the United States Government for $52,200,637.00. The contract was awarded by the agency office CPO : FHA HOUSING 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

Yardi Systems, Inc., a U.S.-owned business based in California, received a federal contract from the Department of Housing and Urban Development. The contract is for Real Estate Owned (REO) Case Management Support Services via a Software as a Service (SaaS) subscription, with a total obligation of $29,258,913. The contract, signed on March 10, 2023, has a total potential value of $52,200,637 and is expected to run from March 30, 2023, to December 29, 2025, with a potential extension to December 29, 2027.

Notable transactions related to the contract include several modifications, with transaction amounts ranging from $8,061,687 to $11,208,184. The transactions involve adjustments and financial activities related to the contracted services.

Contract Details

Contract ID86615623C00005
Contract TypeD
Total Obligation$29,258,913.00
Exercised Options$29,258,913.00
Base Amount + Options$52,200,637.00
Date Signed2023-03-10
Contract DescriptionREAL ESTATE OWNED (REO) CASE MANAGEMENT SUPPORT SERVICES VIA SAAS SUBSCRIPTION.
Start Date2023-03-30
End Date2025-12-29

Agency Details

Awarding AgencyDepartment of Housing and Urban Development
Awarding Sub AgencyDepartment of Housing and Urban Development
Awarding OfficeCPO : FHA HOUSING SUPPORT DIVISION
Funding AgencyDepartment of Housing and Urban Development
Funding Sub AgencyDepartment of Housing and Urban Development
Funding OfficeHSNG : HSNG; DAS SINGLE FAMILY HOUS

Recipient Details

RecipientYARDI SYSTEMS, INC.
Recipient Location430 S. FAIRVIEW AVE GOLETA CALIFORNIA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Not Designated a Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00004 | $-68,804.84December 5, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-68,804.84 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003 | $0.00May 28, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $10,831,155.00November 15, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $10,831,155.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $10,366,071.00November 28, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $10,366,071.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $8,061,687.00March 10, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $8,061,687.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00006 | $-11,167.00July 10, 2026

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-11,167.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $11,208,184.00December 16, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $11,208,184.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $-68,804.84December 5, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-68,804.84 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003 | $0.00May 28, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $10,831,155.00November 15, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $10,831,155.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $10,366,071.00November 28, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $10,366,071.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $8,061,687.00March 10, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $8,061,687.00 to YARDI SYSTEMS, INC.. The payment included a Subsidy Cost of $0.00.