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CC Resolution No. 17-048 Recommending Approval of the 2017-18 Consultant for the BMR Housing Program AdministrationRESOLUTION NO. 17-048 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO RECOMMENDING APPROVAL OF THE 2017-18 CONSULTANT FOR THE BMR HOUSING PROGRAM ADMINISTRATION Adopt Resolution No. 17-; recommending approval of the fiscal year (FY) 2017-18 consultant for Below Market Rate (BMR) Program Administration to City Council for final adoption. WHEREAS, the City of Cupertino generates affordable housing units through its BMR Housing Mitigation Program, wherein BMR for-sale units are typically made available to median and moderate-income households, and BMR rental units are typically made available to low and very low-income households; and WHEREAS, the City's Housing Mitigation Program was adopted in 1992 by ordinance that requires developers to provide a specified number of affordable owner occupied units and the units are managed in accordance with the BMR Administration Manual; and WHEREAS, the City has overall responsibility for the BMR Program although the administration has been contracted out to another agency with specific expertise in the area; and WHEREAS, in January 2017, the City issued a Request for Qualifications (RFQ) inviting qualified consultants to provide proposals to administer the City's BMR Program; and WHEREAS, in February 2017, the City received four proposals and conducted interviews; and WHEREAS, the interview panel selected Hello Housing as the lead consultant after reviewing proposals and conducting interviews; and WHEREAS, the Housing Commission held a public hearing on April 13, 2017 and recommended that the City Council approve the selection of Hello Housing as the FY 2017-18 BMR Program Administrator; BE IT FURTHER RESOLVED that the City Council of the City of Cupertino hereby selects Hello Housing as the FY 2017-18 BMR Program Administrator; and Resolution No. 17-048 Page 2 PASS ED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 16 th day of May, 2017 by the following vote: AYES: NOES: ABSENT: ABSTAIN: ATTEST: Members of the City Council Vaidhyanathan, Paul, Chang, Scharf, Sinks None None None APPROVED: ~~i'Jt ~~~ Savita Vaidhyanathan,ayor, Grace Schmidt, City Clerk City of Cupertino 2