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CONTRACT K-1718-132: A CONTRACT BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND NORMAN AFFORDABLE HOUSING CORPORATION IN THE AMOUNT OF $85,000 FOR ACQUISITION OF PROPERTY LOCATED AT 115 AND 117 WEST HUGHBERT STREET, NORMAN, OK.
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BACKGROUND: On May 9, 2017 the Norman City Council approved the 2017-2018 Action Plan for the Community Development Block Grant (CDBG) and HOME Investment Partnerships Programs. Included in this Action Plan was an activity to provide a total of $110,000 for property acquisition. These funds were designated for two purposes with recipients to be determined utilizing a RFP process. The first purpose was to provide $85,000 for the acquisition of property for affordable rental housing. The second purpose was $25,000 for acquisition of property by a non-profit which could either be for housing or for the agency to use for their facility. This agenda item addresses the Acquisition of Property for Affordable Rental Housing.
On March 12, 2018, Request for Proposals RFP 1718-57 (Attachment A) was distributed to announce the availability of $85,000 of funds for the Acquisition of Property for Affordable Rental Housing. Direct solicitation was made to entities which have participated with the City of Norman in the development of affordable housing in the past, a legal notice was placed in the Norman Transcript (March 9, 2018; March 16, 2018) and the RFP was provided to the Oklahoma Housing Finance Agency for distribution. The RFP was also available on the City of Norman website. Multiple inquiries were received by phone and email from interested parties, with one proposal being submitted. The single submittal was from the Norman Affordable Housing Corporation, a 501(c)(3) entity located in Norman that has partnered with the City of Norman on affordable housing efforts in the past.
The proposal that was submitted by Norman Affordable Housing Corporation (Attachment B) identified a potential acquisition located at 115 and 117 West Hug...
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