Bond Counsel Renewal

Summary (Newest Update)

Background The Illinois Housing Development Authority (IHDA) is issuing a renewal notice for its contracts with Bond Counsel as part of its exemption from the Illinois Procurement Code. The goal of this contract is to continue providing legal services related to bond issuance for multifamily and single-family housing projects. Work Details The contract includes the provision of Multifamily Bond Counsel Services and Single Family Bond Counsel Services. The awarded vendors will provide legal counsel specifically for bond-related activities, ensuring compliance with applicable laws and regulations. The total award amount for these services is $9,922,000 over a period of two years, with two additional renewal options available. Period of Performance The initial term of the contract is 2 years, with 2 renewal options remaining. Place of Performance The services will be performed in Chicago, Illinois. Bidder Requirements No specific set-aside certifications or requirements are mentioned in the solicitation. However, the awarded vendors include multiple law firms selected based on their proposals being most advantageous to the State.