DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, FAICP, Director
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT: Professional Services Agreement for Real Estate Services
SUMMARY:
Consideration of an Ordinance authorizing the City Manager or his designee to execute a professional service agreement with HNX Enterprises, LLC to provide comparative market analysis services for the Owner Occupied Rehabilitation and Reconstruction program funded with HOME Investment Partnerships Program (HOME) federal funding. The term of the agreement is for four years, with one (1) one-year renewal option, in an amount not to exceed $300,000 over the course of the contract term.
BACKGROUND INFORMATION:
As a recipient of U.S. Department of Housing and Urban Development (HUD) federal funding, the City funds Owner Occupied Rehabilitation and Reconstruction (OOR) Program activities, which are aimed at rehabilitating substandard single-family structures of low and moderate income homeowners throughout the City. The City is required to ensure the after-rehabilitation value of subject property assisted with these funds does not exceed 95% of the area median purchase price for single-family housing. The Neighborhood and Housing Services Department (NHSD) is proposing to utilize qualified real estate professionals who will conduct a Comparative Market Analysis on each subject property to include the proposed rehabilitation scope of work to be completed under the OOR Program. This analysis will help NHSD to meet program and federal regulation requirements for the OOR Program activities.
The Finance Department, Purchasing Division on behalf of NHSD, released a Request for Qualifications (RFQ) on October 23, 2020 to select a consultant to perform real estate professional services. The RFQ was advertised in the San Antonio Express-News, TVSA channel, the City's Bidding & Contracting Opportunities website, the San Antonio e-Procurement System (SAEPS)...
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