Primary Department: Purchasing
Primary Department Head/Elected Official: Paige McInnis
Secondary Department: Housing and Community Development
Secondary Department Head/Elected Official: Thao Costis
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Award
Project ID (if applicable): 240290
Vendor/Entity Legal Name (if applicable): CBRE, Inc.; and Transwestern Property Company SW GP LLC
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: 0% - Non-Divisible
Grant Indirect Costs Rate (if applicable):
Justification for 0% Grant Indirect Costs Rate (if applicable): Choose an item.
Request Summary (Agenda Caption):
title
Request for approval of an award on the basis of best proposal meeting requirements and that the County Judge execute an agreement with CBRE, Inc.; and Transwestern Property Company SW GP LLC for real estate brokerage services for the Housing and Community Development Department for the period of March 27, 2025 - March 26, 2030 (240290), Justification for 0% MWBE Participation Goal: 0% - Non-Divisible.
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Background and Discussion:
Housing and Community Development Department (HCD) with the assistance of Office of Purchasing Agent procured Job No. 24/0290. Contractor shall assist the County and the Department in providing real estate project management, advisory, and brokerage services to aid in the management of potential future properties to further affordable housing in Harris County. These services would aid in identifying viable acquisition opportunities, identifying developers for gap financing, crafting unique multi-family deal structures, assisting with negotiations, reviewing purchase and sale contracts, current capital market analysis, and present at key stakeholder meetings, to name a few. These services will be provided at no cost to Harris County.
Expected Impact:
The County will award a contract to procure multi-family providing real estate project management, advisory and brokerage services to aid in the management of potential future properties to further affordable housing in Harris County. Harris County has not appropriated any funds for this Agreement.
Alternative Options:
If not awarded, this will delay the implementation of creating additional affordable homes.
County Strategic Plan Goal: Choose an item.
County Strategic Plan Objective: Choose an item.
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.
Additional notes related to the Strategic Plan:
Prior Court Action (if any): N/A
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Anticipated Court Date: 3/27/2025
Anticipated Implementation Date (if different from Court date): Click or tap to enter a date.
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Rupa Sen, Assistant Director Housing and Community Development Department; Amber Seastrunk, Purchasing
Attachments (if applicable): Letter