The proposed bill seeks the Council's approval for a contract with AmeriNational Community Services, LLC (d/b/a AmeriNat) for loan servicing and related services for the Department of Housing and Community Development (DHCD). The contract, identified as CW119169, has a not-to-exceed amount of $2,299,472 and will be effective from December 5, 2024, through December 4, 2025. AmeriNat will provide essential services such as loan collection, audit review, cash flow analysis, and foreclosure services for eleven housing assistance and rehabilitation programs. The contract includes a subcontracting plan designating The Coles Group LLC to perform 35% of the total contract amount and has been certified as compliant with tax requirements, with funding confirmed within the FY 2025 budget.

Additionally, the bill outlines various responsibilities for the contractor, including maintaining a comprehensive loan services database, generating monthly reports, and ensuring compliance with relevant laws and regulations. It emphasizes the importance of timely communication and documentation throughout the contract period, as well as the requirement for contractors to hire District residents and comply with specific employment agreements. The bill also introduces amendments to the Standard Contract Provisions, particularly regarding the "Changes" clause, allowing the Contracting Officer to make changes without prior notice to the surety and establishing procedures for continuity of services upon contract expiration or termination. Overall, the bill aims to enhance the management of housing assistance programs and promote transparency and accountability in the procurement process.