ECHO HOUSING HBE CONTRACT AMENDMENT

SYNOPSIS—BAAHA ADMINISTRATIVE BUDGET Fees charged could change through mutually agreed upon adjustments in the type and level of services required by the City. City of Pleasanton Homebuyer Program Administrative Budget July 1, 2023 through June 30, 2024 Units Charge Total Fee Fee Per Per Unit Category 1. General Ongoing Program Administration(not to exceed amounts) Ongoing Program administration activities and support per month 500 6,000 Annual monitoring PHAP properties 100 175 $17,500 Ongoing real estate professional support activities per month 125 1,500 Gross projected fees for program administration(annual) 25,000 Total Fee PerIl. Deliverables(fee will vary based on units delivered) Units Per Unit Projected CategoryFee PHAP owners workshop 1 1,500 1,500 PDALP DPA participant placement fee per loan placed 3 2,500 7,500 Refinance of PHAP and/or DPA loans 4 850 3,400 Review,analysis and recommendations for PDALP 1 2,500 2,500 Structuring and distribution of PHAP/PDALP owner's manual 1 2,500 2,500 Gross projected fees for deliverables(annual) 17,400 GROSS PROJECTED ADMINISTRATIVE FEES 42,400 BMR Portfolio Management Fees BAAHA's administrative fee is based on a per unit fee for each PHAP in the City's inventory. The fee is $175 per unit with a total projected annual cost of$17,500. A portion of the gross fee is billed on a quarterly basis at $4,375 per a quarter. The gross per unit fee will cover up to 10 hours of BAAHA's services applied towards activities to address and cure technical and financial violations/defaults for any of the PHAP units. Upon (and if) exceeding 10 hours of services for addressing violations/defaults, BAAHA will charge $150 per hour for such services. The fee for conducting the annual workshop is $1,500. Property Resale Administration Fee For Resale Properties - BAAHA and/or its affiliate Home Quest Realty will collect the BMR administrative fee directly from the BMR seller. BAAHA will not be charging the City directly for this service. The seller will pay BAAHA/HQR directly for the service. BAAHA charges the seller a 2.5% sales fee based on the sales price of the PHAP unit. As established and implemented in the 2022/23 BAAHA 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. 171 Page Docusign Envelope ID: F53F1E05-ADA3-465D-BE20-156E055217E3