ICF Awarded $13.4M HUD Grant

FAIRFAX, VA - ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, today announced that it won a new grant worth $13.4 million for a term of up to three years from the U.S. Department of Housing and Urban Development (HUD) to provide technical assistance to state and local governments in addressing their inventory of foreclosed properties assisted under HUD's Neighborhood Stabilization Program (NSP).

The grant is provided under the American Recovery and Reinvestment Act of 2009. It will allow for teams of experts to help communities better implement and manage their neighborhood stabilization programs. ICF will provide training and technical assistance to help local communities purchase, rehabilitate, and resell foreclosed properties, particularly in hard-hit neighborhoods.

"Through this program, our national housing and community development experts will support HUD and hard-hit communities in managing their responses to the national foreclosure crisis," said Jeanne Townend, ICF senior vice president for human services and community development.

"We are pleased to continue our working relationship with HUD that began almost 20 years ago," said Marsha Tonkovich, ICF senior vice president. "This project is of vital importance to many individuals and communities throughout the U.S. We are proud to assist with putting our neighborhoods back together."

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.