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Rhode Island Housing and Mortgage Finance Corporation·Rhode Island

Section 8 Rent Comparability Study Substantive Reviewer

Closes 5/29/2026$30k – $120kRequest for Proposal
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Description

The Rhode Island Housing and Mortgage Finance Corporation (RIHousing) is seeking a Rhode Island‑certified general appraiser to serve as the substantive reviewer for Section 8 Rent Comparability Studies (RCS) over a two‑year contract. The vendor will evaluate owners’ RCS submissions for compliance with HUD Section 8 Renewal Guide criteria, prepare certification memos and decision letters, and recommend field visits when needed. Turn‑around time is tight—each review must be completed within ten calendar days of receipt. Payments are made per RCS reviewed, with monthly invoicing and a minimum 30‑day payment cycle. The work volume is variable but historically averages about 35 reviews per year.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Hope Lanphear(Assistant Director of Leased Housing)

[email protected]

(401) 429-1409

Key dates

Opened
5/6/2026
Closes
5/29/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
531210
Solicitation №
Section 8 Rent Comp Study RFP

Budget estimate

$30,000 – $120,000

The RFP does not disclose a fixed fee. Industry benchmarks for HUD rent‑comparability review services range from $500 to $1,500 per study, depending on complexity. Assuming an average of $1,000 per RCS and the historical volume of ~35 reviews per year, annual revenue could be roughly $35,000. Over the two‑year contract, total earnings might range from $30,000 (lower‑end per‑study fee and fewer reviews) to $120,000 (higher‑end fee and full volume). Factors influencing the final amount include the vendor’s per‑review rate, the actual number of RCS submissions, and any additional field‑visit work billed separately.

AI estimate from the solicitation

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