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OCII approves $547,500 Scholarship America contract to run Bayview Hunters Point scholarship program
Summary
The OCII Commission authorized a five-year contract with Scholarship America, not to exceed $547,500, to administer scholarship awards and living stipends for Bayview Hunters Point students through the Legacy Foundation; the commission voted unanimously.
The Office of Community Investment and Infrastructure (OCII) on Oct. 19 authorized a personal services contract with Scholarship America to manage the Lennar Bayview Scholarship Fund and the College Living Stipends Fund on behalf of the Bayview Hunters Point Legacy Foundation.
The commission approved Resolution 36-2021 by a 5–0 roll-call vote. The contract term covers five academic years through Jan. 31, 2027, with total funding not to exceed $547,500, including up to $40,000 for administration. Presentation materials and staff said projected scholarship awards total $457,500 over five years and living stipends total $50,000 over five years; annual…
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