BAY AREA AFFORDABLE HOMOWNERSHIP ALLIANCE (BAAHA) - 3RD AMENDMENT (#2024077)

BAAHA Scope of Services Contract Year 2026/27 | P a g e 13 seller a 2.5% sales fee based on the sales price of the PHAP unit. As established and implemented BAAHA’s administrative contract, BAAHA will add the 2.5% fee to the gross resale price of the BMR. BAAHA/HQR will act as both the seller’s and the buyer’s agent in the transaction. The buyer will not be charged an additional administrative fee. For New Developments – BAAHA’s Administrative Director is a licensed real estate broker doing business as affiliate Home Quest Realty. BAAHA through Home Quest Realty proposes to collect BMR sale administrative fees directly from the BMR developer/seller. BAAHA will not be charging the City directly for this service. The fee for this service may vary from 1.5% to 2.75%, and is based on: the level of services required by the developer, the number of units that are placed for sale, and the number of project phases; including the duration of time between each developmental phase. Projects with a longer duration of time between the release of phases may incur a fee on the higher end of BAAHA’s fee spectrum. Such projects may entail BAAHA to run separate outreach and screening campaigns. Fees will also be structured on the level of services required by the developer. Developers requesting that BAAHA’s affiliate Home Quest Realty, is involved with the BMR sale will be asses a fee on the higher end of the spectrum. Developers that require all the services, less the real estate purchase transaction services, will be charged a fee at the lower end of the fee spectrum. A fee schedule that incorporates all the above considerations will be devised and agreed upon by all parties involved at the onset of each development with new BMR properties. BAAHA ADMINISTRATIVE BUDGET - SYNOPSIS Fees charged could change through mutually agreed upon adjustments in the type and level of services required by the City. Units Charge Per Unit Total Annual Fee Fee Per Category I. General Ongoing Program Administration (not to exceed amounts) Program design and development support per month $550 $6,600 Annual monitoring PHAP properties 100 $200 $20,000 Ongoing real estate professional support activities per month $130 $1,500 Program administrative support for PHAP/PDALP per month $417 $5,000 Gross projected fees for program administration (annual) $33,160 II. Deliverables (fee will vary based on units delivered) Units Per Unit Total Projected Fee Fee Per Category PHAP PDALP owner workshop 1 $2,000 $2,000 Structuring and distribution of PHAP/PDALP owner’s manual 1 $3,000 $3,000 Program Resource Introductory workshop 1 $2,500 $2,500 PHAP PDALP buyer introductory workshop 1 $2,500 $2,500 HUD approved homebuyer education seminar 1 $3,500 $3,500 PDALP DPA participant placement fee per loan placed 1 $2,500 $2,500 Refinance of PHAP and/or DPA loans 1 $850 $850 Gross projected fees for deliverables (annual) $16,850 GROSS PROJECTED ADMINISTRATIVE FEES $50,010 Docusign Envelope ID: 2346662F-53E4-8D75-83CB-E01A51EA3C3FDocusign Envelope ID: ABB8A25A-E2F8-85AC-829B-B13D199E5874