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<br />BAAHA Scope of Services Contract Year 2025/26 | P a g e 12 <br /> <br /> Overseeing general program operations and budget. BAAHA will maintain financial <br />records and budgets as it pertains to all operational costs. <br /> Maintaining all requisite records from operations. BAAHA will maintain all documents <br />and records as related to the operations and implementation of the City’s Programs. <br />These records will be open and made available to City administrators at all times. <br /> Preparation and delivery of administrative reports. BAAHA will provide the City <br />administrators and any related agencies a report on all program activities. This report <br />will include a narrative further describing challenges, issues, opportunities, and general <br />observations related to the maintenance and advancement of the program. <br /> Maintain a database of prospective participants. BAAHA will maintain a database of <br />inquiries and participants within the program, irrespective of the outcome of the <br />participants’ efforts in securing a home. <br /> Administrative Billing Statements – for BAAHA’s administrative services will be <br />provided to the City on a quarterly basis. <br /> <br />Program Development and Consulting <br /> <br />BAAHA will also be available to provide input and consulting services related to the development <br />and/or expansion of any affordable homeownership initiatives and Program that the City is <br />considering or involved with. <br /> <br />Program Support –Real Estate Professionals <br /> <br />BAAHA will provide support in addressing questions and guiding real estate professional <br />through the process of interacting and utilizing City Programs to assist their clients. <br /> <br />General Non-Program Specific Related Administration Fees <br /> <br />BAAHA charges a $150 per month fee to assist real estate professionals (billed quarterly) and a <br />$500 general administrative fee (billed quarterly) to cover all other support Program and Non- <br />Program related administrative activities referenced above. <br /> <br />BMR Portfolio Management Fees <br /> <br />BAAHA’s administrative fee is based on a per unit fee for each PHAP in the City’s inventory. <br />The fee is $175 per unit with a total projected annual cost of $17,500. A portion of the gross fee <br />is billed on a quarterly basis at $4,375 per a quarter. The gross per unit fee will cover up to 10 <br />hours of BAAHA’s services applied towards activities to address and cure technical and <br />financial violations/defaults for any of the PHAP units. Upon (and if) exceeding 10 hours of <br />services for addressing violations/defaults, BAAHA will charge $150 per hour for such services. <br />The fee for conducting the annual workshop is $1,500. <br /> <br />Property Resale Administration Fee <br /> <br />For Resale Properties - BAAHA and/or its affiliate Home Quest Realty will collect the BMR <br />administrative fee directly from the BMR seller. BAAHA will not be charging the City directly <br />for this service. The seller will pay BAAHA/HQR directly for the service. BAAHA charges the <br />seller a 2.5% sales fee based on the sales price of the PHAP unit. As established and <br />Docusign Envelope ID: 214AA125-B9A3-49B6-B526-E3722E6242D7Docusign Envelope ID: 5B4696E6-28B9-475F-84C2-EBE17D94B7CC