Agmt 2018 Bay Area Affordable Homeownership Alliance (BAAHA) #3450

Home

EXHIBIT B COMPENSATION SCHEDULE Consultant shall bill City on a quarterly basis for services rendered on billing rates based on actual hours or unit costs applied towards services as described below: City of San Leandro. ...�� Bay Area Affordable Homeownership Alliance B A A H A (BAAHA) Homebuyer Program Administrative Budget July 1, 2018 through June 30, 2019 Units Cost Per Unit Total Cost 1. Program Administration (not to exceed amounts) Ongoing Program administration activities and support per qtr $1,500 $6,000 Annual monitoring of BMR/FTHB units feed divided and paid quarterly 60 $160 $9,600 Ongoing real estate professional community related support activities per qtr $500 $2,000 Subtotal Program Administration (annual, projected) $2,000 $17,600 ll. Deliverables (cost will vary based on units delivered) Units Per Unit Total Cost *1 Seminars 2 $3,550 $7,100 Post purchase workshop 1 $1,500 $1,500 Homebuyer Programs - Introductory Workshop 1 $1,650 $1,650 *2 Homebuyer counseling for BMR & open market purchases 35 $450 $15,750 *3 Admin fee for BMR transactions - new sales & resales/seller paid 2 $0 $0 *4 Refinance of BMR and/or FTHB loans 1 $500 $500 Subtotal Deliverables (annual, projected) $26,500 TOTAL BUDGET FY 2018-2019 $44,100 *1 Per seminar charges include $1,800 paid by BAAHA to ECHO Housing for conducting the seminar and $1,750 paid to BAAHA for coordination and execution of all promotional and administrative activities to deliver the seminar. *2 Per household charges include $300 paid by BAAHA to ECHO Housing for providing counseling to the pre-screened and eligible household; and $150 paid to BAAHA for reviewing, screening, providing pre -counseling, and coordinating and delivering Program legible household for homebuyer and financial counseling to Echo Housing *3 Seller or buyer (negotiated between seller and buyer) will be responsible for paying $1,500 administration fee to BAAHA. BAAHA will bill escrow directly for payment of fee. *4 Historically, there have been less than two BMR refinances per year. BAHBA will advise the City and may request an adjustment in the billing, if there are more thaN two BMR units refinanced in the 12 month duration of the budget. BMR New Sales and Resales Transaction Fees BMR sellers will be required to use a realtor of their choice. All sales fees associated with the BMR sale are paid by the seller. Real estate commissions cannot exceed 5% of the BMR resale price. Real estate commissions are added on to the deed restricted price to establish the grossed up resale price of the Unit Consulting Services Agreement between City of San Leandro and Last revised July 1, 2018 BAAHA for Homebuyer Program—Exhibit B Page 1 of 1