Agenda Item Wording:
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Award Visalia Housing Loan Portfolio Contract - Authorize the City Manager to sign a contract with AmeriNational Community Services for a 5-year agreement to manage the City of Visalia Housing Loan Portfolio from FY 2025/26 through FY 2029/30, for an amount not to exceed $149,190.
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Deadline for Action: 5/5/2025
Submitting Department: Finance and Technology Services
Contact Name and Phone Number:
Margie Perez, Housing Specialist, 713-4460, margie.perez@visalia.city;
Melody Murch, Assistant Finance Director, 713-4379, melody.murch@visalia.city; Renee Nagel, Finance Director, 713-4375, renee.nagel@visalia.city
Department Recommendation:
Staff recommends that Council:
1. Award RFP-24-25-20 to AmeriNational; and
2. Authorize the City Manager or their designee to sign a 5-year contract agreement, for an amount not to exceed $149,190, to manage the City of Visalia Housing Loan Portfolio for the period of July 1, 2025, through June 30, 2030.
Background Discussion:
The City released Request for Proposals (RFP) 24-25-20, requesting a detailed proposal from a company, firm, or corporation with experience in loan portfolio management, underwriting, monitoring, and other loan program services for the City of Visalia's Affordable Housing Programs for a five-year contract period from FY 2025/26 through FY 2029/30. The RFP remained open from March 7, 2025, through April 9, 2025. A public notice to solicit the RFP was published in the Visalia Times Delta on March 7, 2025, and March 12, 2025. A public notice was also posted on the City's website, the Central Valley Purchasing System "BidNet", and on the Kings Tulare Homeless Alliance listserv on March 7, 2025, to over 450 recipients.
The City of Visalia Finance Department and Housing Division administers the City of Visalia Housing Loan Portfolio. The Housing Loan Portfolio consists of low-and moderate-income single family ho...
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