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<br />EXHIBIT A <br /> <br />SCOPE OF SERVICES <br /> <br />I. STATEMENT OF PURPOSE <br />The Consultant, and its administrative entity, First Home, Inc., will provide the following <br />services for the City of San Leandro: <br /> <br />1) administration of the City's First Time Homebuyer Program. The FTHB Program <br />includes the downpayment/closing cost loan program, FTHB education seminars, <br />homebuyer counseling, Workforce Initiative Subsidy for Homeownership (WISH) <br />Program, marketing, program development, monitoring and performance reporting. <br /> <br />2) administration of the City's Inclusionary Ownership Housing Program, including <br />managing and monitoring of the City's inclusionary housinglbelow market rate <br />ownership units, marketing, program development, and performance reporting. <br /> <br />3) Implementation of post-purchase workshops and counseling to San Leandro residents that <br />have become homeowners through the City's Inclusionary Ownership Housing and First- <br />Time Homebuyer Programs in San Leandro. <br /> <br />II. TERM AND COMMENCEMENT OF WORK <br />The term ofthis agreement shall be for the period of July 1,2007 through June 30, 2008. <br /> <br />III. FIRST TIME HOMEBUYER PROGRAM <br /> <br />A. DOWNPAYMENTICLOSING COST ASSISTANCE LOAN PROGRAM <br />Consultant duties include screening, qualifying and underwriting eligible first time <br />homebuyers for the City's low interest downpayment/closing cost assistance loan. Also, <br />consultant will annually monitor existing loan portfolio for program compliance. <br /> <br />Target goal for the Downpayment/Closing Cost Loan Program: Approve 7 loans to <br />first time homebuyer households <br /> <br />B. HOMEBUYER EDUCATION SEMINARS <br />Consultant will conduct at least 2 homebuyer education seminars as well as the marketing <br />and outreach for each seminar. The seminars shall cover the following topics: <br /> <br />. Deciding to become a homeowner <br />. The financial and personal responsibilities of home ownership <br />. Credit - the implications for homeownership <br />. Financing and qualifying for a home loan <br />. Personal financial budgeting and planning <br />. Homebuyer financing programs - public and private sector <br />. Choosing a real estate professionals and services <br />. Searching for a property <br /> <br />Consulting Services Agreement between the Redevelopment Agency of <br />City of San Leandro and Bay Area Homebuyer Agency <br /> <br />[July I, 2007] <br />Page 15 of20 <br />