Title
Approval of 2021 Olympia Home Fund Capital Awards
Recommended Action
Move to approve the recommendation to forward to Council funding recommendations for Home Fund capital awards.
Report
Issue:
Deliberation of applications for 2019 Home Fund capital awards.
Staff Contact:
Cary Retlin, Home Fund Manager, Executive, 360.570.3956
Presenter(s):
Cary Retlin, Home Fund Manager, Executive
Background and Analysis:
At your January meeting you reviewed and approved the 2021 Home Fund Capital RFP. Since that time the RFP was posted on the City website, on the Builders Exchange webpage and legal notice was posted in the Olympian.
Three qualifying applications were received before the deadline. Those applications were prescreened to ensure each bidder met minimum qualifications and applications were complete. Home Fund Advisory Board members were sent applications and a scoring spreadsheet on March 2nd.
This meeting will provide time for scores submitted to staff to be reviewed and discussed. Deliberation should result in a recommendation for Council. Currently the Board is scheduled to bring a funding recommendation to Council on March 23.
Neighborhood/Community Interests (if known):
Siting of public housing, behavioral health treatment and homeless shelter and services is of high interest to neighborhoods and businesses.
Options:
1. Make Home Fund recommendations to Council
2. Take other action
3. Take no action
Financial Impact:
Staff estimate that $700,000 will accrue in fiscal year 2021 for this Home Fund award (in City Fund 318).
This award year has less capacity than previous years because those years also awarded funds that had accumulated in 2018. Revenue is also forecast to be lower in 2021 because of projected declines in sales tax due to the COVID-related recession.
Attachments:
Home Fund 2021 Request for Proposal and application