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BAHBA Agreement FY 2009-10 4 July 6, 2009 <br />The contractual services agreement with BAHBA shall not exceed $44,835 to administer both <br />the First Time Homebuyer and MMR Programs. <br />Budget Authority <br />The adopted FY 2009-10 City of San Leandro Budget approved $45,000 in Redevelopment <br />Housing Set-Aside Funds for administrative costs under the First Time Homebuyer Program <br />(Account No. 965-85-005-5120). <br />CONCLUSION <br />Staff recommends that the Redevelopment Agency adopt the resolution approving a contractual <br />services agreement with Bay Area Homebuyer Agency for $44,835 to administer the First Time <br />Homebuyer and Inclusionary HousingBelow Market Rate Ownership Programs for FY 2009-10. <br />