Development Lifecycle Software
Location:
Illinois, United States
Posted on:
Dec 16, 2025
Deadline:
Jan 30, 2026
Summary:
Illinois seeks a software platform to manage all phases of the multifamily development lifecycle, including funding, compliance, and reporting for loans, grants, and tax credit properties.
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(1) Vendor needs to provide development lifecycle software. – Implement a comprehensive platform that supports all phases of the multifamily development lifecycle, from pre–development to long–term compliance and affordability tracking through the end of the period of affordability. – The system must support the full lifecycle of each development – from initial funding request through the end of the affordability period – while maintaining comprehensive demographic, financial, programmatic, and regulatory data for a portfolio of more than 800 loans, over 300 grants, and approximately 1,100 tax credit properties. – The new system must enable internal coordination across departments and facilitate clear communication with external partners such as developers, owners, property managers, and compliance agents. • Receive, review, and process funding applications through a secure, intuitive external user interface; • Track project milestones and status updates from underwriting through loan closing and construction; • Monitor construction progress and draw requests to ensure alignment with approved budgets and timelines; • Manage a diverse portfolio of loans and grants through a comprehensive servicing module; • Maintain auditable records for federal and state oversight, investor reporting, and public transparency; • Enable accurate and timely reporting, using real–time dashboards and customizable analytics tools; • Migrate comprehensive legacy data from existing systems, including financial records, compliance histories, project documentation, and associated data across all program areas, while maintaining data integrity and audit trails. (2) All the questions must be submitted no later than January 9, 2026. (3) The contract period will be for two years.
