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Annual License Renewal for Yardi Systems, Inc. <br />October 6, 2015 <br />Page 2 <br />There are three nationally -recognized providers of HCV management software programs, <br />including Yardi, for housing authorities of a size similar to the Santa Ana Housing Authority. <br />While all are web -based applications, the user interface, workflow, and data exchange processes <br />to support payment creation differ. It is cost -prohibitive to change vendors and retrain staff, re- <br />enter data, and customize new software to support the City's internal control requirements. The <br />Housing Authority's original housing program management software was developed by Nan <br />McKay, Inc., which in 2002 sold its program to Yardi Systems, Inc., and over the years has been <br />customized to serve the Housing Authority's requirements. The Yardi system is recognized as an <br />industry standard, chosen by Los Angeles County, Chicago, Portland, Sacramento, and other <br />large public housing authorities. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Strategic Plan Goal #4 Fiscal <br />Sustainability, Objective #1 (Maintain a stable, efficient and transparent financial environment). <br />FISCAL IMPACT <br />Funds in the amount of $60,000 are available in the FY 2015-2016 Housing Authority Other <br />Contractual Services account (No. 14018760-62300). <br />Judson Brown <br />Housing Division Manager <br />Community Development Agency <br />JB/MZ/np <br />Exhibits: 1. Consultant Agreement <br />4-2 <br />