FOR IMMEDIATE RELEASE – P3 Innovation LLC (P3) won a contract to provide financial technical assistance to the U.S. Department of Housing and Urban Development (HUD). As a joint venture between firms Applied Development LLC and Thomas & Herbert Consulting LLC (T&H), P3 combines the experience, values, and resources of two award-winning companies.
P3 will provide HUD staff assistance with the administration of the Operating Subsidy (OpSub) Fund Tools in support of the Office Public and Indian Housing (PIH) Field Offices (FOs) and Public Housing Authorities (PHAs). The PIH accounts for the largest part of HUD’s budget, and seeks to ensure safe, decent, and affordable housing to people across the United States. The FOs deliver $4.5 billion annually to 3,000 PHAs, approximately 7,000 public housing developments, and over 1.1 million low-income families. The PIH also creates opportunities for the self-sufficiency and economic independence for public housing residents. Â
Another core part of PIH’s mission is to assure fiscal integrity by all program participants. P3’s work will support implementation of subsidy calculations and administration. This includes the documentation of funds control and procedures, providing proration analysis, and providing various financial analysis reports.
Across the country, public housing agencies have the task with protecting and providing resources for some of the nation’s most vulnerable residents. They also work to revitalize distressed neighborhoods while supporting sustainable development. In P3’s previous contracts with housing agencies, they support this goal with effective program management and technology expertise.
P3’s areas of expertise include management of projects, programs, portfolios, and risks, and improving business processes. Their seasoned professionals use years of knowledge and experience to bring success for clients, supporting some of the nation’s most important initiatives. P3 is a HUBZone-certified, Service Disabled Veteran Owned Small Business, Economically Disadvantaged Woman Owned Small Business, and an SBA-approved 8(a) Joint Venture between Applied Development and T&H. Applied Development and T&H are an officially sanctioned SBA All-Small Mentor Protégé Program (MPP) team.
As an initiative of the U.S. Small Business Administration, the MPP provides small businesses resources, connections, assistance, and support in order to achieve entrepreneurial success. The partnership between the mentor and protégé increases business capacity, leading to business growth, and ultimately, growth in the American economy.
Applied Development is a HUBZone-certified, Service Disabled Veteran Owned Small Business, and Economically Disadvantaged Woman Owned Small Business, championing the right of all people to communicate effectively. Through their reasonable accommodation services, they offer sign language interpretation, reader services, and 504/508 compliance. Their strategic communications services include technical writing, graphic design and publications support. Their clients include the Department of Defense (DoD), Department of Veterans Affairs (VA), and the U.S. Army National Guard.
T&H is a Veteran-Owned Small Business that provides solutions to the U.S. Government’s top priorities including healthcare, housing, intelligence, and security and defense. Focused on effective business solutions and technology, T&H offers clients management consulting, cloud computing solutions, cybersecurity, business intelligence, enterprise resource planning (ERP) software systems, among other services. Since 1996, the award-winning company has served clients including HUD, Centers for Medicare and Medicaid Services (CMS), and the DoD. T&H is a values-based company, looking to make a positive impact on the lives of Americans.