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  5. ›First Time Homebuyer Activities FY 2022

Awarded contract·Ocean County Board of Commissioners·New Jersey

First Time Homebuyer Activities FY 2022

Won by Ocean Community Economic Action Now, Inc.$225kSingle Award
Contract source

Awarded vendors

  • Ocean Community Economic Action Now, Inc.

Description

The contract is for the First Time Homebuyer Activities FY 2022 program, which provides down payment and closing cost assistance to qualified applicants. The program is administered by the Ocean County Board of Commissioners and the vendor, Ocean Community Economic Action Now, Inc. The contract value is not explicitly stated, but the program provides subsidies of up to $15,000 to qualified applicants. The key services provided under this contract include program administration, applicant screening, and grant award management. • The program provides subsidies of up to $15,000 to qualified applicants. • The contract is for a term of 2 years, starting from April 20, 2022, and ending on April 19, 2024. • The vendor, Ocean Community Economic Action Now, Inc., is responsible for administering the program and providing services to qualified applicants. • The contract is subject to renewal, but the terms of renewal are not specified. • The program is funded by the Ocean County Board of Commissioners, and the contract is managed by the Planning Department.

Attached files

Key dates

Starts
4/20/2022
Ends
4/19/2024
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531000
Solicitation №
CC2022-85

Contract value

$225,000

The contract value is not explicitly stated, but based on the program description, it can be estimated that the total contract value is around $150,000 to $300,000, assuming 10 to 20 qualified applicants receive subsidies of up to $15,000 each. However, this is a rough estimate and the actual contract value may be higher or lower.

AI estimate from the award documents

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