To: Contra Costa County Housing Authority Board of Commissioners
From: Joseph Villarreal, Executive Director
Report Title: ACCEPT THE RECOMMENDATION OF THE SELECTION PANEL FOR REQUEST FOR PROPOSALS NO. RFP-25127-328, PUBLIC HOUSING REPOSITIONING FINANCIAL CONSULTANT SERVICES, AND AUTHORIZE THE EXECUTIVE DIRECTOR TO ENTER INTO A CONTRACT WITH ZEN DEVELOPMENT CORPORATION AND STRUCTURE DEVELOPMENT ADVISORS LLC. IN AN AMOUNT NOT TO EXCEED $158,000 TO PROVIDE FINANCIAL CONSULTING SERVICES FOR THE HOUSING AUTHORITY'S PORTFOLIO REFINANCE AND REPOSITIONING, CAPITAL IMPROVEMENT, AND NEW CONSTRUCTION PLAN
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
Accept the recommendation of the evaluation panel for RFP No. RFP-25127-328, Public Housing Repositioning Financial Consultant Services, and authorize the Executive Director to enter into a contract with Zen Development Corporation ("ZDC") and Structure Development Advisors LLC ("Structure") in an amount not to exceed $158,000 to provide financial consulting services for the Housing Authority's Portfolio Refinance and Repositioning, Capital Improvement, and New Construction Plan.
BACKGROUND:
For decades, federal funding for the public housing program has been inconsistent and insufficient to meet the capital and operating needs of agencies nationwide. HACCC, like many housing authorities, faces a significant backlog of capital improvements and a lack of stable resources to ensure the long-term sustainability of its public housing portfolio. The repositioning of the Las Deltas Public Housing development demonstrated the value of leveraging federal repositioning tools to preserve affordable housing opportunities while unlocking new resources for redevelopment. Following that success, HACCC now seeks to apply similar strategies across its broader public housing portfolio to ensure that units remain viable, safe, and affordable for the families we serve.
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