NEIGHBORHOOD STABILIZATION PROGRAM 2

the sum of at least $1,000,000 per Subject Property (without aggregate limits applicable to multiple Properties). 11. Selecting and engaging a Homebuyer Counseling Agency to undertake all activities as required. 12. Overseeing and managing the overall Homebuyer Counseling activities of the Program and its various components, including but not limited to: a) Marketing of the Subject Properties 1.o prospective homebuyers; b) Provision of HUD approved homebuyer counseling courses in English and Spanish; c) Provision of credit counseling and money management training; d) Identification of Eligible Purchasers and provision of evidence that Eligible Purchaser meets the income limits established by the NSP; e) Facilitation of the use of all available first -time homebuyer assistance programs, as qualified; f) Identification of the most competitive and compatible mortgage financing available for Eligible Purchasers; 13. Creating Virtual Landlord website for homeowners of Subject Properties to utilize in addressing any home maintenance concerns and performance of routine upkeep. 14. Ensuring recognition of the role of the County in providing services through this agreement. As appropriate, Contractor shall cause activities, facilities and items utilized pursuant to this Agreement to be prominently labeled as to funding source. In addition, CONTRACTOR shall include a reference to the support provided herein in all publications made possible with the funds available under this Agreement. C. Timing and Milestones CONTRACTOR shall meet specific time lines for the following tasks: Item Date 1 Execute MOU with Homebuyer Counseling Agency 2 Secure leveraged financing 3 Begin first phase by acquiring first property 4 Meet HUD's Expenditure Deadline by committing all NSP funds to specific Subject Properties 5 Acquire last property in the first phase 6 Complete construction on all properties in the first phase