CONSULTINGPENDING

Yankton Housing and Redevelopment Commission AgendaPacket Monthly Meeting 2026-04-02

YHRC Proposes Section 8 Compliance Contract for Tyndall

Year 1: 10% of collected gross rent; Year 2+: 8% of collected gross rent; travel time $50/hour plus IRS mileage for excessive travelYankton Housing & Redevelopment CommissionTYNDALL HOUSING & REDEVELOPMENTApril 2, 2026

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Description

Yankton Housing and Redevelopment Commission has proposed a Section 8 compliance stabilization and management engagement for Tyndall Housing & Redevelopment’s Lidi I & II Apartments, starting May 1, 2026. The contract would bill 10% of collected gross rent in Year 1 and 8% in subsequent years, with an initial 12‑month term and automatic annual renewals for ongoing HUD compliance oversight.

Contract Details

Contract Amount

Year 1: 10% of collected gross rent; Year 2+: 8% of collected gross rent; travel time $50/hour plus IRS mileage for excessive travel

Vendor

TYNDALL HOUSING & REDEVELOPMENT

Agency

Yankton Housing & Redevelopment Commission, SD

Contract Type

CONSULTING

Document Date

April 2, 2026

Contract Term

Initial term 12 months starting May 1, 2026, automatically renewing annually; Phase 1 Year 1, Phase 2 Year 2+

Renewal Date

2027-04-30

Renewal Info

Initial 12‑month term beginning May 1, 2026, with automatic annual renewal thereafter; early termination requires 90‑day written notice; pre‑existing non‑compliance may incur additional fees.

Issuing Agency