8D Consent 2011 0705 - Laserfiche WebLink

Home

EXHIBIT A SCOPE OF SERVICES I. STATEMENT OF PURPOSE The Consultant, and its administrative entity, First Home, Inc., will provide the following services for the Redevelopment Agency of the City of San Leandro: 1) administration of the First Time Homebuyer Program. The FTHB Program includes the downpayment/closing cost loan program, FTHB education seminars, homebuyer counseling, marketing, program development, monitoring and performance reporting. 2) administration of the Inclusionary Housing /BMR Ownership Program (IH /BMR), including managing and monitoring of the City /Agency IH /BMR ownership units, marketing, program development, and performance reporting. 3) Implementation of post - purchase workshops and counseling to San Leandro residents that have become homeowners through the IH /BMR Housing and First -Time Homebuyer Programs in San Leandro. TERM AND COMMENCEMENT OF WORK The term of this agreement shall be for the period of July 1, 2011 through June 30, 2012. III. FIRST TIME HOMEBUYER PROGRAM A. DOWN PAYMENT /CLOSING COST ASSISTANCE LOAN PROGRAM Consultant duties include screening, qualifying and underwriting eligible first time homebuyers for the low interest down payment/closing cost assistance loan. Also, consultant will annually monitor existing loan portfolio for program compliance. Target goal for the Downpayment/Closing Cost Loan Program: Approve 5 loans to first time homebuyer households in San Leandro B. HOMEBUYER EDUCATION SEMINARS Consultant will conduct two (2) homebuyer education seminars as well as the marketing and outreach for each seminar. The seminars shall cover the following topics: • Deciding to become a homeowner • The financial and personal responsibilities of home ownership • Credit — the implications for homeownership • Financing and qualifying for a home loan • Personal financial budgeting and planning Consulting Services Agreement between July 1, 2011 RDA of the City of San Leandro and BAHBA -- Exhibit A Page 1 of 4