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ECHO HOUSING HBE CONTRACT AMENDMENT
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ECHO HOUSING HBE CONTRACT AMENDMENT
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Last modified
10/10/2024 12:07:18 PM
Creation date
10/10/2024 12:06:38 PM
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CONTRACTS
Description Type
Professional Services
Contract Type
Amendment
NAME
ECHO HOUSING HBE CONTRACT AMENDMENT
Contract Record Series
704-05
Munis Contract #
2024076
Contract Expiration
6/30/2025
NOTES
HOMEBUYER EDUCATION SUPPOORTING THE AFFORDABLE HOUSING PROGRAM
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For New Developments—BAAHA's and/or its affiliate Home Quest Realty proposes to collect <br />BMR sale administrative fees directly from the BMR developer/seller. BAAHA will not be <br />charging the City directly for this service. The fee for this service may vary from 1.5%to 2.5%, <br />and is based on: the level of services required by the developer,the number of units that are <br />placed for sale,and the number of project phases; including the duration of time between each <br />developmental phase. Projects with a longer duration of time between the release of phases may <br />incur a fee on the higher end of BAAHA's fee spectrum. Such projects may entail BAAHA to <br />run separate outreach and screening campaigns. Fees will also be structured on the level of <br />services required by the developer. Developers requesting that BAAHA's affiliate Home Quest <br />Realty, is involved with the BMR sale will be assessed a fee on the higher end of the spectrum. <br />Developers that require all the services, less the real estate purchase transaction services, will be <br />charged a fee at the lower end of the fee spectrum. A fee schedule that incorporates all the above <br />considerations will be devised and agreed upon by all parties involved at the onset of each <br />development with new BMR properties. <br />181 Page <br />Docusign Envelope ID: F53F1E05-ADA3-465D-BE20-156E055217E3
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