Primary Department: Housing and Community Development
Primary Department Head/Elected Official: Thao Costis, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Amendment
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval to renew an agreement with Harris County Housing Finance Corporation for the department to continue providing management and accounting services to the Corporation, pursuant to Chapter 394 of the Texas Local Government Code.
end
Background and Discussion:
Harris County Housing and Community Development Department (“HCHCD”) and the Harris County Housing Finance Corporation (“Corporation”) entered into an Amended Management & Accounting Services Agreement (“Agreement”) approved by Harris County Commissioners Court on December 19, 2023, and an original agreement approved by Harris County Commissioners Court on September 10, 2019, to provide management and accounting services for the Harris County Housing Finance Corporation.
HCHCD has led the Corporation since 2019 and has the demonstrated organizational capacity to support the Corporation to provide and finance affordable housing development opportunities in Harris County and that the Parties agree to renew the Agreement for a four-year term. Specifically, the Corporation is authorized to issue debt instruments for the purpose of purchasing single-family income mortgages or interests and providing financing for multi-family projects that serve to low- and moderate-income owners/residents, and develop and own affordable housing developments
HCHCD is well versed in the accounting and financial operations of component units of government and currently manages the Harris County Redevelopment Authority (a local government corporation and component unit of Harris County); and the parties agree that amending this Agreement will work to the mutual benefit of the Corporation and Harris County to advance the provision of affordable housing in Harris County.
Expected Impact:
The Agreement provides for payment to HCHCD of $460,000 annually for services to be provided to the HCHFC based on retroactive commencement, as agreed to by the HCHFC Board of Directors, as of January 2025.
Alternative Options:
HCHFC cannot implement the development, financing, and ownership of affordable single and multi-family housing without the Management and Accounting Services provided via contract by HCHCD. The Agreement is a fee for services agreement between HCHFC and the HCHFC.
County Strategic Plan Goal: 6. Help residents achieve housing stability.
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): N/A
Infrastructure Initiative (Goal 2): N/A
Economy Initiative (Goal 3): N/A
Health Initiative (Goal 4): N/A
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):
|
Date |
Agenda Item # |
Action Taken |
|
12/19/23 |
|
Approve Agreement |
|
9/10/19 |
|
Approve Agreement |
Location:
Address (if applicable): N/A
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
|
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
|
Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Existing Budget |
$ |
$ |
$ |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$ |
$ |
$ |
|
Total Funding Sources |
$ |
$ |
$ |
$ |
|
Grants - Proposed Budget (To be filled out by Grants staff only) |
|
|
Labor |
Non-Labor |
Total |
No. of Grant Years |
|
Local Match Source - Existing Budget: Choose an item. |
$ |
$ |
$ |
|
|
Local Match Source - Additional Budget Request: Choose an item. |
$ |
$ |
$ |
|
|
Grant Funds Applied for/Awarded (Total) |
$ |
$ |
$ |
|
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: 3/27/2025
Anticipated Implementation Date (if different from Court date): 1/1/2025
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Rene Martinez, Executive Director. Harris County Housing Finance Corporation
Attachments (if applicable): Agreement for services between HCHCD and HCHFC. Court Order for Agreement