Sep
22
2010

ICF International Awarded USDA Contract

Work Will Support Rural Development Housing Voucher Demonstration Program

 

 

Fairfax, Virginia, September 22, 2010 -

ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded a $12 million re-compete contract by the U.S. Department of Agriculture (USDA) to support the department's Rural Development Housing Voucher Demonstration Program (RD Voucher Program). The contract has a term of one base year and three option years.

The RD Voucher Program provides rental-housing vouchers to tenants in federally financed, rural multifamily properties when owners' loans are prepaid or foreclosed. ICF will support USDA with the administration and management of the RD Voucher Program, including the documentation of tenant eligibility and payments, tracking and reporting of voucher utilization, support to tenants and owners through a call center, and establishment of systems for eventual management of a permanent program by USDA. Further, ICF will coordinate the development and delivery of rent comparability studies to establish appropriate rent ceilings for the vouchers.

"The award of this contract continues ICF's strong history supporting USDA Rural Development in its efforts to preserve and extend the availability of affordable rental housing in rural areas and build healthy rural communities," said Eric Oetjen, senior vice president for ICF International.

ICF International works nationwide with public and private organizations that make affordable housing available in low-income communities and promote equitable economic development. Clients include government agencies at the federal, state, and local levels; tribes; public housing agencies; foundations and nonprofit organizations; lending institutions; trade associations; and private enterprises.

 

 

About ICF International

ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy and climate change; environment and infrastructure; health, human services, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,500 employees serve these clients worldwide. ICF's Web site is http://www.icfi.com/.

Caution Concerning Forward-looking Statements

Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

For Immediate Release

Steve Anderson
ICF International
+1.703.934.3847

 
 
 

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