$85,959,050
Department of Housing and Urban Development·Department of Housing and Urban Development
ACTION DATE2026-04-08·SOURCEUSASPENDING·SOURCE IDCONT_AWD_86614925C00001_8600_-NONE-_-NONE-
Award description
HOME EQUITY CONVERSION MORTGAGE (HECM)
Verbatim from USAspending.gov. Capitalization, abbreviations, and codes are unchanged.
The Buildout's read
What the model surfaced from this award
Confidence: high
In plain English
Funds Home Equity Conversion Mortgage (HECM) program enabling seniors to convert home equity into cash.
Sub-sectors
mortgage-programshecmelderly-housing
Why this matters
HECM is a critical financial inclusion tool for elderly homeowners with limited retirement savings, reducing poverty risk.
Supply-chain signal
Large award to mortgage servicer suggests significant volume of HECM originations and servicing operations.
Generated by award_classification v2.0.0 via claude-haiku-4-5-20251001 on 2026-05-15. Cost: $0.002010.
Period of performance
Start
2024-11-08
End
2026-08-11
Status
expiring · 87din 87 days
Sources
- USAspending.gov — all awards for this UEI →
- SAM.gov entity registration →
- Award record ingested from usaspending. Source identifier CONT_AWD_86614925C00001_8600_-NONE-_-NONE-.
The Buildout does not edit federal records. Any inaccuracy reflects the upstream source; it will update here when corrected there.