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CONTRACT K-1819-16: A CONTRACT BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND NORMAN AFFORDABLE HOUSING CORPORATION IN THE AMOUNT OF $100,000 FOR ACQUISITION OF PROPERTY TO BE UTILIZED AS AFFORDABLE RENTAL HOUSING.
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BACKGROUND: On May 8, 2018 the Norman City Council approved the fiscal year ending June 30, 2019 (FYE19) 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 $100,000 for property acquisition to the Norman Affordable Housing Corporation, Inc. (NAHC). These funds were designated for acquisition of property for affordable rental housing. The FYE18 Action Plan contained an identical item to provide $85,000 to a non-profit entity, also for the acquisition of property for the development of affordable rental housing.
On March 12, 2018, Request for Proposals RFP 1718-57 (Attachment A) was distributed to announce the availability of the $85,000 of funds budgeted in the FYE18 Action Plan 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, Inc., a 501(c)(3) entity located in Norman that has partnered with the City of Norman on affordable housing efforts in the past.
Contract K-1718-132 was approved by the Norman City Council on 6/26/2018 in the amount of $85,000 to NAHC. The proposal that was submitted identified a potential property acquisition located at 115 and 117 West ...
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