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Complexes, and Developments participating in Pleasanton's Homeownership Assistance Program. • Maintain a list of households seeking housing opportunities for use in marketing Pleasanton's housing programs. • Maintain a listing of local lenders, realtors, and title companies that are available to provide services to households interested in first-time homebuyer opportunities and act as a coordinating point of contact for mortgage assistance resources for first-time homebuyers in Pleasanton. • Provide access to information about program services through ECHO Housing's website. • Provide information and referrals to the general public regarding local, state, and federal housing resources. ECHO Housing's budget for FY17/18 is below: ECHO Housing Housing Opportunity Center Homebuyer Education Program Budget Fy2017-2018 Salaries $ 62,279 Fringe Benefits $ 19,087 Rent & Telephone $ 21,368 General Operation Expenses $ 7,266 Total $110,000* *Includes $55,000 from the City of Livermore and$55,000 from the City of Pleasanton. Term of Agreements The term for each of the agreements is July 1, 2017 through June 30, 2018. Fiscal and Administrative Impacts Funds to support the BMR ownership program administration and related first time homebuyer services have historically been appropriated from the City's Lower Income Housing Fund (LIHF) on a project or case-by-case basis. In recent Affordable Housing Agreements for new housing, the City has collected a modest administrative fee from developers upon close of escrow and sale to the eligible buyers to pay for marketing costs, BMR applicant selection and defray ongoing monitoring costs. In the case of the new Summerhill Andares units, Summerhill will pay a fee of $15,000 in connection with the marketing of the BMR units at issuance of the remaining permits for the project. Submitte y: Fiscal Review: Approve y: 14A Brian Dolan Tina Olson Nelson Fialho Assistant City Manager Director of Finance City Manager Page 6 of 7