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and/or takeout lender, prepare escrow instructions and Deed of Reconveyance for recordation upon payoff. Scan and file copy of recorded Reconveyance. Schedule venue, advertise through e-mail blast to dedicated leads, and $600 per City-Specific workshop Workshops(as in up to three local newspapers to invite prospective attendees. Present requested) materials to attendees, answer questions, and capture attendee $75 per ad information to track as leads. creation(Mg 0n ales. Activity Description Hello's Rates Variable Costs Market the BMR units in accordance with developer's City-approved Marketing Plan on Hello Housing's website, City's website and developer's website(if appropriate); place ad in up to three local $2,500 per Advertising newspapers(each newspaper to be a different language)and prepare advertising poster for public venues. Market the development through e-blast to phase dedicated leads in Hello Housing's database. Use imagery and language established by the market rate developer to ensure consistency in presentation and image. Answer all calls and emails from the public and provide the guidance required to complete the BMR application for lottery ranking. Prepare Waitlist Creation and online pre-application, full application and paper application. Calculate $4,000 per Management preference points and conduct a virtual lottery to determine the ranking lottery order for inviting complete applications, determining program eligibility and approval for a BMR sale. Create Workshop Prepare a detailed, PowerPoint presentation with City's program $750 per Presentation requirements,the application process and home-specific details specific development to each inclusionary development. Conduct workshops customized to specific inclusionary developments $600 per Workshops providing detailed instructions on the application process. Provide details workshop on layouts and amenities, resale restrictions and available financing. Sales of Inclusionary Units Milestone 1: Initial Process and underwrite selected applicants from lottery ranking to determine if they meet eligibility requirements as set forth in the Qualification, Lender marketing plan. Collect all required documents from the applicant and $750/per file Pre-Approval &City complete initial screening for program eligibility. Obtain conditional Conditional Approval approval from the City and preapproval from a qualified Lender. When a unit is ready for sale, collect updated required documents from the applicant(as needed depending on time passed since conditional approval)and lender documentation. Screen documents and information Milestone 2: Final provided to verify income and program eligibility prior to execution of $1,250 per Approval &Purchase qualified purchase agreement between developer and applicant. Prepare final purchaser Agreement approval package for the City and obtain approval for developer to enter p into contract. Coordinate Buyer and Developer to enter into purchase& sale agreement. Track each application with lenders, requiring weekly reports on each file to ensure prompt approvals. Coordinate collection of required Milestone 3: Doc information from escrow and lender needed to complete City documents $1,500 per Preparation &Closing including restrictions, notes, DOTs and escrow instructions. Create the homebuyer documents and route with instructions for signatures and notarizing at the City. Coordinate pickup and delivery of executed documents to title and track file through all stages of escrow to ensure conforming loan is 05/16 Page 8 of 10