This ordinance amends Ordinance S-46029 to extend the property management contracts for 11 multifamily affordable housing developments. Dunlap and Magee Property Management Inc. will continue managing Groups A and B of the Affordable Housing Portfolio. The contract extensions are needed to provide additional time for the Housing Department to solicit and transition to new property managers if necessary, with the goal of awarding new contracts by February 28, 2025. No additional funds are required, and the contract value will remain capped at $14.5 million.
The contract extensions ensure continuity in the management of affordable housing developments that provide essential services to low-income residents. This decision allows the City to maintain stability in its housing operations while planning for a smooth transition to new property management.