DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Approval of a professional services contract between the City of San Antonio and the San Antonio Housing Trust Foundation, Inc. in an amount not to exceed $159,283 for services rendered October 1, 2018 through September 30, 2019.
SUMMARY:
Consideration of a professional services contract between the City of San Antonio and the San Antonio Housing Trust Foundation, Inc. for the administration of the San Antonio Housing Trust ("SAHT") and associated entities.
BACKGROUND INFORMATION:
The City San Antonio Housing Trust was created by the City of San Antonio in 1988 with a corpus of $10 million dollars for the purpose of facilitating affordable housing development. The day-to-day administration of the Housing Trust Fund is performed by the San Antonio Housing Trust Foundation, Inc. ("Housing Trust Foundation") which was formed in 1991 as a section 501 c (3) non-profit organization.
The City and Housing Trust Foundation renew their professional services contract annually through City Council approval. This agreement outlines the Housing Trust Foundation's operating budget, staffing, and program responsibilities.
As recommended by the Mayor's Housing Policy Task Force ("MHPTF") Final Report on September 6, 2018, the San Antonio City Council requested a strategic assessment be conducted of the SAHT and its associated entities to ensure its future and effectiveness. In accordance with the City Council's request, participation and cooperation from the Housing Trust Foundation, San Antonio Housing Trust Finance Corporation ("Finance Corporation") and San Antonio Housing Trust Public Facility Corporation ("PFC") is included in this contract for a comprehensive assessment, subject to the consent and cooperation of the Finance Corporation and PFC. This will allow third-party consultant(s) reasonable access to the documents an...
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