Title
Resolution Authorizing a Contract Extension with HR&A Advisors in the Amount of $60,000 for Design and Implementation of a Housing Preservation Fund and Modification of City Rehabilitation Programs
Body
Council Priority: Maintain Infrastructure and Provide Sustainable Growth Opportunities; Exceptional Customer Service and a Diverse City Government Workforce; Ensure Fiscal Stewardship, Transparency, & Accountability
Department: Neighborhood Development
Council District: All
Public Hearing: No
Advertising Date/By: N/A
Contact 1 and Phone: Stan Wilson; 373-2509
Contact 2 and Phone: Cynthia Blue; 433-7376
PURPOSE:
City Council consideration is requested for a contract extension to add new services, increase funds in the amount of $60,000, and extend the term for the existing professional services agreement with HR&A Advisors (2019-5136). The new services are to design a housing preservation fund and modify City rehabilitation programs to implement the goals and strategies of Housing GSO, 10-Year Affordable Housing Plan adopted by City Council on October 20, 2020.
BACKGROUND:
At the April 14, 2019 City Council meeting, Council approved a contract with HR&A Advisors, Inc. for Consulting Services to develop an Affordable Housing Plan. The scope of work included an analysis of existing efforts in the City to identify gaps, propose solutions and present methods and best practices for increasing and preserving the affordable housing stock over the next ten years and to develop an implementation plan with short and long-term goals.
Affordable Rental Housing is a focus goal area of the Housing GSO, 10-Year Affordable Housing Plan adopted by City Council on October 20, 2020. The Plan recommends partnering with funders to establish a housing preservation fund to acquire existing affordable housing units. A preservation fund will help preserve existing affordable housing units and slow the increase of the affordable housing shortage for renter households earn...
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