The proposed bill seeks the approval of the Council of the District of Columbia for a contract with AmeriNational Community Services, LLC (d/b/a AmeriNat) to provide loan servicing and related services for various housing assistance and rehabilitation programs. 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 deliver a range of services, including loan collection, audit review, cash flow analysis, and foreclosure services for eleven specific housing programs managed by the Department of Housing and Community Development (DHCD). The contract also includes a subcontracting plan designating The Coles Group LLC to perform 35% of the total contract amount, ensuring compliance with local business enterprise requirements.

Additionally, the bill outlines the responsibilities of the contractor, including maintaining a comprehensive loan services database, submitting detailed monthly reports, and adhering to foreclosure procedures. It emphasizes the importance of these services in supporting the District's affordable housing initiatives and ensuring effective management of housing assistance programs. The bill also introduces new provisions regarding insurance requirements, dispute resolution, and continuity of services upon contract expiration or termination, aiming to enhance transparency, accountability, and the overall effectiveness of the contract management process.