PGHIMC - Pittsburgh Independent Media Center

HUD AWARDS CONTRACTS TO HOOKS VAN HOLM, INC. IN EXCESS OF $25 MILLION
by Cynthia Hooks Monday, Aug. 02, 2004 at 9:27 PM
ch@hooksinstitute.bizland.com

The U.S. Department of Housing Urban Development (HUD) recently awarded Hooks Van Holm, Inc. service contracts in excess of $25 million to provide management and marketing services in four states: Mississippi, Alabama Pennsylvania, and Delaware. Hooks Van Holm’s assignment calls for the company to manage and market Single Family properties owned by or in the custody of HUD. The contracts also require Hooks Van Holm to oversee the sales and closing activities, which consist of proper accounting of sale proceeds to HUD, and review of lender claims for insurance benefits to ensure HUD's interests are protected.

HUD AWARDS CONTRACTS TO HOOKS VAN HOLM, INC. IN EXCESS OF $25 MILLIONATLANTA - The U.S. Department of Housing Urban Development (HUD) recently awarded Hooks Van Holm, Inc. service contracts in excess of $25 million to provide management and marketing services in four states: Mississippi, Alabama Pennsylvania, and Delaware. Hooks Van Holm’s assignment calls for the company to manage and market Single Family properties owned by or in the custody of HUD. The contracts also require Hooks Van Holm to oversee the sales and closing activities, which consist of proper accounting of sale proceeds to HUD, and review of lender claims for insurance benefits to ensure HUD's interests are protected. “We are now responsible for selling an estimated 10,000 properties per contract year on behalf of HUD,” said Robert Hooks, a managing partner. “The proposal process took well over a year. It included a rigorous proposal writing phase, followed up by an extensive background check,” Hooks added. The performance-based contract is for one year with four optional renewal years and has an estimated total value over five years of $135 million.Hooks Van Holm, based in Atlanta, Georgia, is a minority and women owned real estate asset management and loan quality control corporation, with expertise in moving high volume real estate acquisitions. Hooks with more than 17 years in the real estate industry is also president and CEO of Hooks Institute of Real Estate and Robert Hooks Realty. He formerly served as a Commissioner for the city of Oceanside, California, and real estate instructor at MiraCosta College located in North San Diego County. Van Holm has owned and operated Management Solutions of American since 1993, a small business established to provide full service management and consulting services throughout the United States and the Virgin Islands.HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development as well as enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet at http://www.hud.gov.

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