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services which is funded by an annual grant through the City's Housing and Human Services Grant (HHSG) program. Like the TVHOC, ECHO Housing is a HUD-certified housing counseling agency and has experience providing first time homebuyer education workshops (including several in Pleasanton each year) through grants received from the U.S. Department of Housing and Urban Development (HUD). The proposed agreement would establish a housing resource center at 141 North Livermore Avenue (the former TVHOC office) and would provide funds for a part-time, Livermore/Pleasanton dedicated homebuyer counselor (.57 FTE) and staff support (.51 FTE) to market and outreach (in accordance with the City's adopted preference system), to counsel low and moderate income first time buyers in developing savings, and to identify other resources for first-time home purchases. The center will serve as a referral point and ECHO will provide regularly scheduled walk-in hours a minimum of three days per week. Funds from Pleasanton and Livermore will be used to establish the program and will be leveraged to expand the program as ECHO is able to apply to other agencies for funds, including HUD. A summary of the scope of services includes: • Pre- and post-purchase counseling services including financial education, budgeting for down payment and homeownership, and identification of resources to assist with the purchase. • 6 homebuyer education workshops (based on a HUD-certified curriculum) to be provided bi-monthly to educate buyers about the residential real estate purchase process and meet the cities' program requirements. ® Maintain a list of households seeking housing opportunities and work with households to develop a pool of income eligible, mortgage qualified buyers who could participate in the cities' programs. Like the Hello Housing agreement, the proposed agreement with ECHO would commence January 1, 2016, and would establish a joint funding arrangement with the cities of Livermore and Pleasanton (the City of Livermore has already approved a similar services agreement). Under the proposal, the cities would share the costs equally during the contract term. The City of Dublin is currently analyzing the opportunity and could be added in the future which would potentially offset shared costs for the cities in the future. Term of Agreements As discussed above, the term for each of the two agreements is proposed to commence January 1, 2016, which is the halfway point of the current (2015/16) fiscal year. Each agreement would end after 18 months on 6/30/2017 (or at the end of FY 2016/17). After 6/30/2017, both agencies would be required to apply for future funding through the City's Housing and Human Services Grant (HHSG) program (i.e., they would apply in December 2016 for FY 2017/18 funding). Page 4