Item Description:
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Amd 1 to Agmt PR00006401 with NeighborWorks Home Partners for homebuyer assistance program, extend term to 04/01/26, no change to NTE
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Amendment 1 to Agreement PR00006401 with Community Neighborhood Housing Services dba NeighborWorks Home Partners for a homebuyer assistance program, extending the contract period end date to April 1, 2026, with no change to the not to exceed amount of $204,616; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the amendment, and other related documents as necessary, on behalf of the county; and that the Controller be authorized to disburse funds as directed.
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Background:
In May 2024, a Request for Proposals was issued to select an administrator for a suburban homebuyer assistance program funded by Community Development Block Grant (CDBG). NeighborWorks Home Partners was awarded a contract to administer CDBG homebuyer assistance to assist approximately 6-10 homebuyers (Resolution 24-0280).
NeighborWorks has seen strong interest from buyers, but more time is needed to ensure the funds are fully utilized. Staff recommend extending Agreement PR00006401 to April 1, 2026, to support access to homebuyer assistance and homeownership in suburban Hennepin County.
Current Request: This request seeks authorization to negotiate Amendment 1 to Agreement PR00006401 with NeighborWorks Home Partners, extending the contract period to April 1, 2026, with no change to the not to exceed amount of $204,616.
Impact/Outcomes: Approval of this request will ensure that 6-10 first time homebuyers have access to homebuyer assistance.
Housing Disparity Domain: Households of color are disproportionately left out of the homeownership. This request creates homeownership opportunities for individuals with low to moderate incomes.
recommendation
Recommendation from County Administrator: Recommend Approval