Laserfiche WebLink
EXHIBIT A <br /> SCOPE OF SERVICES <br /> I. STATEMENT OF PURPOSE <br /> The Consultant, and its administrative entity, First Home, Inc.,will provide the following services for the <br /> City of San Leandro: <br /> 1) Administration of the First Time Homebuyer(FTHB) Program including FTHB education seminars, <br /> homebuyer counseling, marketing, program development, monitoring of outstanding FTHB loans, <br /> refinancing of homeowners with outstanding FTHB loans, and performance reporting. <br /> 2) Administration of the Inclusionary Housing/BMR Ownership Program(IH/BMR) including managing <br /> (i.e., new sales, resales and refinancing)and monitoring of the City IH/BMR ownership units, <br /> marketing, program development, and performance reporting. <br /> 3) Implementation of post-purchase workshops to San Leandro residents that have become <br /> homeowners through the IH/BMR Housing and First-Time Homebuyer Programs in San Leandro. <br /> 4) One-on-one individual counseling focused on financial literacy(credit and personal financial <br /> counseling). Counseling is provided for as long as the household wishes to receive it and is <br /> directed towards helping households to secure homeownership. BAAHA will partner with the <br /> nonprofit BALANCE(formerly Consumer Credit Counseling Services of San Francisco)to provide <br /> lifetime personal financial counseling and assist with the homebuyer seminars. <br /> 5) Access to financial assistance resources(such as the Federal Home Loan Bank WISH Program, <br /> Alameda County Mortgage Credit Certificate Program,etc.,)that expand purchase capacity and/or <br /> reduce homeownership costs. <br /> II. TERM AND COMMENCEMENT OF WORK <br /> The term of this agreement shall be for the period of July 1, 2017 through June 30, 2018, <br /> III. FIRST TIME HOMEBUYER PROGRAM <br /> A. HOMEBUYER EDUCATION SEMINARS <br /> Consultant will conduct two(2) homebuyer education seminars as well as the marketing and outreach <br /> for each seminar.The seminars shall cover the following topics: <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 professional and services <br /> • Searching for a property <br /> Consulting Services Agreement between City of San Leandro and Last revised July 1,2017 <br /> BAAHAfor Homebuyer Program—Exhibit A Page 1 of 3 <br />