Description
The Chicago Housing Authority (CHA) is seeking a qualified professional property management firm to provide comprehensive management services for its extensive public‑housing portfolio across Chicago. The contract is a firm‑fixed‑price, per‑occupied‑unit agreement covering leasing, occupancy administration, maintenance, inspections, rent collection, resident services, financial reporting, and compliance with HUD, state, and local regulations. The base term is three years with the possibility of two one‑year extensions at CHA’s discretion. Performance is measured against strict occupancy, work‑order, rent‑collection, and customer‑satisfaction metrics, and the firm must meet M/W/DBE and Section 3 utilization requirements.
• Manage roughly 13,500 family, senior, RAD, and scattered‑site units (≈96 % occupancy target).
• Deliver leasing, tenant re‑examinations, preventive maintenance, 30‑day unit turn‑around, 100 % annual inspections, and rent‑collection ≥ 98 % of billed rent.
• Provide monthly financial statements, GAAP bookkeeping, e‑banking, and comply with extensive reporting, insurance, and labor‑hour requirements; no compensation for vacant units (offline units paid $10 each).
• Required to submit a Letter of Intent by March 5 2026, attend a pre‑proposal conference on February 24 2026, and submit the full proposal by March 30 2026.