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BAY AREA AFFORDABLE HOMOWNERSHIP ALLIANCE (BAAHA) - 3RD AMENDMENT (#2024077)
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BAY AREA AFFORDABLE HOMOWNERSHIP ALLIANCE (BAAHA) - 3RD AMENDMENT (#2024077)
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9/30/2026 2:52:40 PM
Creation date
9/30/2026 2:45:21 PM
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CONTRACTS
Description Type
Professional Services
Contract Type
Amendment
NAME
BAY AREA AFFORDABLE HOMEOWNERSHIP ALLIANCE (BAAHA) - 3RD AMENDMENT
Contract Record Series
704-05
Munis Contract #
2024077
Contract Expiration
6/30/2027
NOTES
FIRST-TIME HOMEBUYER PROGRAM ADMIN SERVICES
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<br />BAAHA Scope of Services Contract Year 2026/27 | P a g e 6 <br />Program Application and Screening <br /> <br />BAAHA will apply its established BMR Lottery Program Application to conduct the preliminary <br />lottery screening process. Completed submitted reviewed applications enable BAAHA to <br />conduct PHAP eligibility and preference screening and to provide a preliminary “lottery” <br />eligibility determination, including “ranking preference points”. BAAHA will handle all <br />activities associated with Program Screening activities, including and not limited to: <br /> Collection and storage of Lottery applicant information. <br /> Conducting underwriting to determine preliminary lottery eligibility and preference points. <br /> Follow up to address questions, concerns, and disputes that lottery applicants may have <br />regarding their lottery status determinations. <br /> <br />Lottery <br /> <br />BAAHA will conduct a PHAP lottery to establish the ranking of eligible Program applicants. <br />Prior to conducting the PHAP lottery, BAAHA will finalize lottery guidelines and protocols <br />applied to the lottery with the City. BAAHA will handle all activities associated with the lottery, <br />including: <br /> All follow up notifications to the Lottery applicants regarding requirements, key dates, <br />and outcomes associate with the lottery. <br /> Follow up to address questions, concerns, and disputes that lottery applicants may have <br />regarding their lottery draw and ranking determinations. <br /> <br />PHAP Underwriting <br /> <br />BAAHA will provide all services to conduct and finalize the PHAP underwriting process. These <br />activities will include and not be limited to: <br /> Working directly with a PHAP approved/certified Lender to collect and review required <br />documentation from the lottery winner to complete the Program approval process. <br /> Interacting with the Lender to coordinate findings and to secure final Program approvals. <br /> Submit recommendations for the lottery winner(s) Program approval or disapproval. <br /> Establish and advance efforts with a backup buyer(s), in case the 1st ranked lottery <br />winner is disapproved. <br /> BAAHA internal underwriting system will populate all required PHAP City documents. These <br />documents will be prepared by BAAHA and sent to the City, escrow company, and 1st lender for <br />review and approval. Upon securing approval, BAAHA will send final documents to escrow, <br />with escrow instructions for signing. Under current COVID restrictions, BAAHA normally has <br />the City sign their documents first, and then have them delivered to escrow for the buyer to sign. <br /> <br />Property Resale Administration and Fee <br /> <br />BAAHA will coordinate, implement, and administer all the tasks required to conduct the resale <br />of PHAP properties. <br /> <br />BAAHA will by acting as the real estate agency assigned to implement the resale process. <br />BAAHA has an affiliate real estate company that it works with, Home Quest Realty. Walter <br />Zhovreboff, the Administrative Director, is the owner/broker of Home Quest Realty. <br /> <br />Docusign Envelope ID: 2346662F-53E4-8D75-83CB-E01A51EA3C3FDocusign Envelope ID: ABB8A25A-E2F8-85AC-829B-B13D199E5874
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