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THE CITY OF • CITY COUNCIL AGENDA REPORT pLEASANTON. July 16, 2019 City Manager TITLE: APPROVE PROFESSIONAL SERVICES AGREEMENTS WITH HELLO HOUSING AND ECHO HOUSING FOR FIRST TIME HOMEBUYER PROGRAM ADMINISTRATION SERVICES FOR JULY 2019 THROUGH JUNE 2020 SUMMARY Hello Housing and ECHO Housing have been providing homebuyer education services for the City of Pleasanton since January 2016. Both agencies were selected through a joint Request for Proposals (RFP) process with the City of Livermore to identify entities that could support administration and compliance monitoring for Pleasanton's and Livermore's respective below market rate (BMR) homeownership and first time homebuyer loan programs. Both agencies have effectively managed the programs since January 2016, and staff is recommending that the City enter into new professional services agreements with each agency to continue providing these essential homebuyer program administration services. RECOMMENDATION 1 . Approve and authorize the City Manager to execute the Professional Services Agreement with Hello Housing to provide first-time homebuyer program administration services for an amount not to exceed $54,648 for the period July 1 , 2019 through June 30, 2020; 2. Approve and authorize the City Manager to execute the Professional Services Agreement with ECHO Housing to provide first-time homebuyer program administration services for an amount not to exceed $25,000 for the period July 1 , 2019 through June 30, 2020; 3. Approve an appropriation of $79,648 from the Lower Income Housing Fund. FINANCIAL STATEMENT Approval of the two (2) professional services agreements will result in a total expenditure of $79,648 from the City's Lower Income Housing Fund in fiscal year 2019/20. The fiscal year 2019/20 professional services agreement with Hello Housing includes $54,648 in service delivery expenses proposed to be paid from the City's Lower Income Housing Fund. Hello Housing expended $26,266 of its $48,213 contract covering the prior July 1 , 2018 through June 30, 2019 period, leaving a balance of $21,947 in unexpended funds. These funds are proposed to be carried over to the proposed fiscal year 2019/20 contract, resulting in a needed additional appropriation of $32,701 from the Lower Income Housing Fund.