Nov 6 2009
CGI Federal, a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE: GIB ; TSX: GIB.A), today announced the signing of contract renewals estimated at US$58.1 million through the end of 2010 for the Section 8 Performance Based Contract Administration (PBCA) program. CGI administers U.S. Department of Housing and Urban Development (HUD) multi-family housing programs in California, Florida, New York, Ohio and Washington, DC, in conjunction with its state and local housing agency partners.
CGI is the largest PBCA administrator in the U.S. overseeing 25 percent of the program nationally. Administering more than 250,000 housing units, CGI makes more than $2 billion in Housing Assistance Payments annually on behalf of the federal government. CGI Federal is also a leading management consultant for Public Housing Authorities and has developed innovative and money-saving tools for Housing Quality Standards (HQS) Inspections scheduling and performance.
"CGI is proud to have earned the trust of its PBCA partners over the last ten years," said CGI Federal Vice-President, Marybeth Carragher. "We maintain our strong commitment to working together with HUD and our local partners to enhance the financial viability and to maintain the integrity of the Section 8 program.
Source: http://www.cgi.com/web/en/home.htm