REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 22, 2021
FROM
GARY HALLEN, Director, Community Development and Housing
SUBJECT
Title
Contract with Keyser Marston Associates, Inc. for Real Estate Financial Consulting Services
End
RECOMMENDATION(S)
Recommendation
Approve contract with Keyser Marston Associates, Inc to provide real estate economic financial review and services in the amount of $400,000 for the term of July 1, 2021 through June 30, 2026.
(Presenter: Gary Hallen, Director, 387-4411)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Ensure Development of a Well-Planned, Balanced, and Sustainable County.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General funding (Net County Cost). These services will be funded by multiple funding sources such as HOME, Neighborhood Stabilization Program (NSP), County Housing Funds and State Permanent Local Housing Allocations (PLHA) funds, based on the project funding source for which services are provided. Sufficient appropriation and revenue have been included in Community Development and Housing Department's (CDH) 2021-22 budget and will be included in future recommended budgets.
BACKGROUND INFORMATION
CDH finances a number of complex housing development projects, which require a high level of analysis regarding the financial structure, developer selection, low income housing tax credit financing, new and innovative housing cost and typologies and to stay in compliance with Health and Safety Code Section 33000, negotiations, and project costs verification. Keyser Marston Associates, Inc. (KMA) provides specialized consulting services in real estate financial analysis for affordable housing. The scope of service is vital in guiding the County to determine the appropriate financial investment in its housing projects and is i...
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