City of Milwaukee - File #: R13135

• File #: R13135
• Version: 0
• Type: Housing Authority Resolution
• Status: Passed
• File created: 2/21/2020
• In control: HOUSING AUTHORITY
• On agenda: 3/4/2020
• Final action: 3/4/2020
• Title: Resolution approving an award of contract to the Wisconsin Women’s Business Initiative Corporation (WWBIC) (Milwaukee, WI) for financial education training and Individual Development Account (IDA) management services to public housing residents and rent assistance recipients in an amount not to exceed $415,000.00 for the period January 1, 2020 to December 31, 2022 The contract includes $115,000 for the contract for training/counseling/administration and $300,000 for potential IDA match dollars.
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
3/4/2020	0	HOUSING AUTHORITY	ADOPTED; Minutes note: Ken Barbeau, HACM’s Director of Community Programs and Services, explained the reasons for the single-source procurement, as WWBIC is the only organization in the area that can provide both the financial training and IDA program. Also, the $300,000 component of the contact is not paid to WWBIC itself, but funds the IDA program. Terry Taylor and Thalia Mendez of WWBIC shared the Make Your Money Talk numbers for 2019, the goals for the 2020 program, and answered Commissioners questions about how the program works.	Pass	6:0

Number
R13135

Version
Original

Reference

Sponsor
The Chair

Title
Resolution approving an award of contract to the Wisconsin Women’s Business Initiative Corporation (WWBIC) (Milwaukee, WI) for financial education training and Individual Development Account (IDA) management services to public housing residents and rent assistance recipients in an amount not to exceed $415,000.00 for the period January 1, 2020 to December 31, 2022

The contract includes $115,000 for the contract for training/counseling/administration and $300,000 for potential IDA match dollars.

Analysis

Body
WHEREAS, the Housing Authority of the City of Milwaukee (Authority) has provided financial education services and Individual Development Account opportunities to HACM public housing residents and rent assistance participants since 2004 ; and

WHEREAS, Wisconsin Women’s Business Initiative Corporation (WWBIC) had previously been awarded several Assets for Independence grants from the U.S. Department of Health & Human Services Office of Community Services and has more than 14 years of experience in similar programs; and

WHEREAS, there are no similar organizations in the local area that provide both the financial education and the account management services for a matching Individual Development Account (IDA) program; and

WHEREAS, WWBIC submitted a proposal for financial education for 2020 with a schedule of fees of $115,000 to provide financial education training and IDA management, and an additional amount of up to $300,000 of potential HACM contribution to the match for the IDA savings accounts for residents; and

WHEREAS, WWBIC’s schedule of proposed fees was found to be reasonable and comparable to fees paid on the current contract for these services for 2019; therefore, be it

RESOLVED, by the Commissioners of the Authority that they hereby authorize and approve accepting the proposal of and entering into a contract with Wisconsin Women’s Business Initiative Corporation in...