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CGI renews contract to serve U.S. Department of Housing and Urban Development
Sep 19, 2007 (08:09 AM EDT)
CLEVELAND, OH, Sept. 19 /PRNewswire-FirstCall/ - CGI Group Inc. and The Columbus (Ohio) Metropolitan Housing Authority (CMHA) announced today the signing of a two-year contract renewal estimated at US$ 27 million to administer multi-family housing payments in the state of Ohio for the U.S. Department of Housing and Urban Development (HUD). The contract renewal continues a relationship between CMHA and CGI that began in 2000.
CGI is responsible for more than 25 percent of the housing portfolio across the U.S. administered under HUD's multi-family housing program. In addition to Ohio and Washington, D.C., CGI administers contracts in Northern California, and the states of Florida and New York. CGI is the largest HUD processor of its kind in the U.S and processes more than US$1.5 billion annually.
"CMHA and CGI have made a great team since 2000," said Dennis Guest, executive director of CMHA. "Over the years, CGI has maintained its commitment to business processing excellence. This has allowed us to fulfill our mission to serve low-income individuals and families."
"CMHA was our first HUD partner, and we are honored to have earned their trust over the years," said Marybeth Carragher, Vice-President, Consulting Services, CGI. "Both organizations are stronger because of the relationship."
About Columbus Metropolitan Housing Authority
The Columbus Metropolitan Housing Authority was established in 1934 by the Ohio General Assembly to serve low-income persons and families in the city of Columbus and throughout Franklin county. It currently manages more than 3,600 units in 24 public housing developments, two moderate income developments and is involved in one joint venture with a non-profit development. CMHA also successfully manages more than 10,000 units of Tenant-Based Section 8 Vouchers. CMHA is recognized for its innovations in the management and development of additional housing. Recently CMHA has implemented project-based vouchers by partnering with supportive service providers and private owners. The program has resulted in 200 new units for the homeless, 48 family units and 30 units for seniors. Website: www.cmhanet.com .
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 25,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion (US$3.5 billion) and at June 30th, 2007, CGI's order backlog was $12.4 billion (US$11.6 billion). CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com .
CONTACT: Columbus Metropolitan Housing Authority: Suzanne L. Cochran, 880-2214,email@example.comGeneral Manager of Contract Administration, (614); CGI: Lorne Gorber, Vice-President, GlobalCommunications and Investor Relations, (514) 841-3355,