As a result of the Housing and Economic Recovery Act of 2008 and the American Recovery and Reinvestment Act of 2009, hundreds of jurisdictions are receiving nearly $5 billion to help communities address the excess of foreclosed homes in their neighborhoods. Mercy Portfolio Services is helping communities use their money smartly to acquire, rehabilitate, sell or lease foreclosed residential or multifamily properties to ensure long-term affordability.

Why should your business partner with Mercy Portfolio Services?

We reach out to competent, experienced contractors and subcontractors to carry out the extensive rehabilitation work that the majority of vacant and foreclosed homes need. By partnering with local vendors, we can bring jobs to the communities that are seeking our help.

Please review the Requests for Proposals and Requests for Quotations to see if your business offers the services we are looking for.

• Chicago Neighborhood Stabilization Program Request for Developer Qualifications
  This Request for Qualifications is being issued by Mercy Portfolio Services in its capacity as program manager for the City of Chicago to identify qualified developers with interest in acquiring, rehabilitating, and thereafter owning and managing or selling properties that are vacant as a result of foreclosure.
• Chicago Neighborhood Stabilization Program Request for Proposal: Appraisal Services
  Mercy Portfolio Services invites the submssion of proposals from appraisal firms with expertise and experience in appraising single-family and 2-6 unit properties, on an "as is, "as completed," and rental comparison basis. All appraisals shall conform to current standards set forth by the Uniform Standards of Professional Appraisal Practice.
• Chicago Neighborhood Stabilization Program Request for Proposal: Vacant Building Services
  Mercy Portfolio Services invites the submission of proposals from companies with expertise and experience in board-up/building security for vacant buildings and performing lot maintenance in compliance with Section 13-12-135 of the Municipal Code of the City of Chicago.
• Chicago Neighborhood Stabilization Program Request for Proposal: Title Services
  MPS invites the submission of proposals from title companies with expertise and experience in providing a range of title services.
• Chicago Neighborhood Stabilization Program Request for Proposal: Specification Writing Services
  MPS invites the submission of proposals from Specification Writers with expertise and experience in writing for property rehabilitation and preservation planning.
• Chicago Neighborhood Stabilization Program Request for Proposal: Licensed Real Estate Professionals
  MPS invites the submission of proposals from Licensed Real Estate Professionals to facilitate the execution of purchases, specifically foreclosed properties, in targeted areas.