Foster City Municode #11

Property Management Services for City-Owned Below-Market-Rate Residential Units in Foster City

This opportunity from the City of Foster City seeks qualified firms to manage 28 city-owned below-market-rate residential units. - Government Buyer: - City of Foster City, Community Development Department, Housing and Sustainability Manager - Portfolio Details: - 22 units at Workforce Housing property (501 Pilgrim Drive) - One- and two-bedroom units - Rent and income restrictions (very low, low, moderate, workforce) - ADA-accessible units - Tenant preferences: city employees, first responders, teachers, residents - Includes garage, parking lot, ADA, guest parking, and EV charging - 6 homes/duplexes under Existing Unit Purchase Program (EUPP) at various locations - Single-family homes and duplexes (2-5 bedrooms) - Transition to supportive/special needs housing as vacancies occur - Tenant preferences: non-profit supportive housing providers, low/very low income tenants, teachers - Services Requested: - Property management (leasing, marketing, tenant screening, lease prep, rent collection, tenant relations, maintenance coordination, inspections, compliance, budgeting, reporting) - Maintenance and repair (including janitorial, third-party contractor coordination, prevailing wage compliance for Workforce Housing) - Optional: Affordable unit compliance (certification, analytics, reporting) - Optional: Project management for major repairs/rehab (>$10,000), requires General Contractor's License and prevailing wage compliance - Unique Requirements: - Prevailing wage compliance for Workforce Housing - Experience with supportive/special needs housing preferred - Firms may propose for either or both property groups - Project management services require a General Contractor's License - OEMs and Vendors: - No specific OEMs or product manufacturers are mentioned; this is a service contract - Product Line Items: - 22 Workforce Housing units (with associated parking and amenities) - 6 EUPP homes/duplexes - Service Line Items: - Comprehensive property management, maintenance, compliance, and optional project management - Period of Performance: - Initial term from November 2026 to June 30, 2029, with an option to renew for an additional three-year term until June 30, 2032 - Estimated Contract Value: - Likely range: $300,000 to $900,000 (based on typical property management fees for similar portfolios) - Primary Competitors: - Well-known property management firms specializing in affordable and supportive housing - Competing Products: - Not applicable; this is a service contract

Description

The City of Foster City is soliciting proposals for property management services for its 28 below market rate residential rental units. These include 22 units at the Workforce Housing property located at 501 Pilgrim Drive and six homes and duplexes under the Existing Unit Purchase Program (EUPP) in various locations throughout the city. Eligible firms may submit proposals for either or both sets of properties. The Workforce Housing property includes one- and two-bedroom units with various income and rent restrictions, and the EUPP units are designated for transition to supportive housing over time.

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