SR-6-X (10)
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CDD:NW:JG:bw/ccrent.housing,ced
Council Meeting Date: May 14, 1991
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Santa Monica, California
TO: Mayor and city council
FROM: ci ty Staff
SUBJECT: Recommendation to Authorize the City Manager to
Negotiate and Execute a Contract to Prepare a Housing
Needs Assessment, Revenue Source Study and Program
Design Review Report for the Proposed Local Rent
Subsidy Program
INTRODUCTION
This report requests that the city Council authorize the city
Manager to negotiate and execute a contract with David Rosen &
Associates to prepare a Housing Needs Assessment, Revenue Source
Study and Program Design Review Report for the proposed Local
Rent Subsidy Program and approve an allocation of up to $91,000
to finance the contract.
BACKGROUND
On June 26, 1990, staff was directed to investigate the
feasibility of a locally-funded Rent Subsidy Program that would
assist very low income, rent-burdened tenants currently residing
in rent-controlled apartments.
As a result of an informal competition, staff recommends the firm
of David Paul Rosen & Associates to undertake the scope of
professional services required. The informal competition process
included a Request for Qualifications from eight consulting
firms. An extensive review of the qualifications, previous work
products, and references was conducted by staff.
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M.lIV i . 1991
David Rosen & Associates is a nationally recognized public
interest firm specializing in capital formation strategies for
affordable housing. The firm has extensive experience in policy
development, market analyses, development of alternative revenue
sources, program design and legal and economic analyses for
alternative revenue sources.
David Rosen & Associates has
proposed to undertake this study with the assistance of Goldfarb
and Lipman, an experienced law firm headquartered in San
Francisco.
BUDGET/FINANCIAL IMPACT
On June 26, 1990, City Council appropriated $250,000 to assess
the feasibility of a Local Rent subsidy Program subject to city
Council approval.
Funds are available for this contract in
account number 01-720-262-20091-8900-9945.
Authorization to
proceed with this project requires no appropriation.
RECOMMENDATIONS
Staff recommends that the city Council authorize the City Manager
to negotiate and execute a contract with David Paul Rosen &
Associates, in an amount not to exceed $91,000, to prepare a
Housing Needs Assessment, Revenue Source study, and Program
Design Review Report for the proposed Local Rent Subsidy Program.
Prepared by; Peggy curran, Director CIDD
Nancy West, Housing Program Manager
Johanna Gullick, Senior Administrative Analyst
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