Property Management Company (PMC) at Willow Park and Pinnacle on Wilcrest

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Title:  

Property Management Company (PMC) at Willow Park and Pinnacle on Wilcrest

Agency:  

Houston City Housing Authority

State:  

Texas

NAICS Code:  

531311

Industry:  

Real Estate

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP 24-38

Open Date:  

11/21/2024

Questions Due Date:  

12/9/2024

Close Date:  

12/27/2024

Project Duration:  

2 years

Last Updated:  

Description:
The Houston Housing Authority (HHA) is seeking a Property Management Company (PMC) to manage its Low-Income Multifamily Public Housing Community at Willow Park and Pinnacle on Wilcrest. The selected PMC will be responsible for providing decent and safe rental housing for eligible, low-income families, elderly, and persons with disabilities. The PMC will be expected to demonstrate competence in areas such as personnel management, maintaining assets, administrative recordkeeping, compliance with policies and procedures, and providing residential services. The contract will be for a term of two years with one two-year renewal option. • Key responsibilities include: • Managing the day-to-day operations of the property • Maintaining accurate financial records and reports • Ensuring compliance with HUD and TDHCA regulations • Providing excellent customer service to residents • Managing maintenance and repairs of the property • Coordinating with HHA staff and other stakeholders The selected PMC will be required to submit a proposal that includes a detailed scope of work, a property management plan, and a proposed monthly management fee.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Austin Ng(Senior Procurement Specialist)

Purchasing@housingforhouston.com

(713) 260-0600

Budget Estimate (AI):

$1,200,000 – $2,400,000

The budget for this opportunity is likely to be a fixed price contract with a monthly management fee. Based on the average monthly management fee for similar properties, the estimated budget could be around $50,000 to $100,000 per month, depending on the size of the property and the level of services required. The total budget for the two-year contract period could be around $1.2 million to $2.4 million. However, this is just an estimate and the actual budget could be higher or lower depending on the specific terms of the contract.

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