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BAAHA (AMENDMENT)
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BAAHA (AMENDMENT)
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Last modified
12/13/2024 2:01:50 PM
Creation date
10/10/2024 12:09:20 PM
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CONTRACTS
Description Type
Professional Services
Contract Type
Amendment
NAME
BAAHA (AMENDMENT)
Contract Record Series
704-05
Munis Contract #
2024077
Contract Expiration
6/30/2025
NOTES
BAY AREA AFFORDABLE HOMEOWNERSHIP ALLIANCE
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<br />BAAHA Scope of Services Contract Year 2024/25 | Page10 <br />• Rental of the property, including vacation and Airbnb rentals. <br />• Deferred maintenance and/or health and safety issues associated with the property. <br /> <br />General steps BAAHA will take to address and cure a violation will include (and not be limited to): <br />• Advise the PHAP owner of the violation. <br />• Provide details and a timeline on steps to take to cure the default. <br />• Take appropriate action to relinquish the violation, if cured <br />• Start appropriate foreclosure and default proceedings if the default is not cured. <br /> <br />Newsletter and Announcements <br /> <br />A newsletter and additional supporting notifications will be sent to PHAP owners. A newsletter <br />will be supplied to the PHAP Owners at least annually. The newsletter will: <br />• Inform owners regarding important updates and developments (if any) pertaining to their <br />BMR ownership. <br />• Remind owners regarding their responsibilities, requirements, and restrictions associated <br />with PAHP ownership. <br /> <br />Distribution of special notices will also be conducted on an as needed basis. These notifications <br />will address announcements regarding commonly encountered issues. <br /> <br />PHAP Participant Workshop <br /> <br />BAAHA will conduct an annual two-hour public workshop for PHAP owners. This workshop <br />will be focused on reviewing key guidelines and restrictions of PHAP ownership with an <br />emphasis on navigating through activities such as refinances, title transfers, and resales. <br />BAAHA will provide a PHAP ownership manual to the attendants of this workshop, which will <br />also be made available to all PHAP owners. <br /> <br />PHAP and PDALP Program Manual <br /> <br />BAAHA proposes to structure a PDALP/PHAP Program manual to be provided to all existing <br />PDALP/PHAP program participating owners. This manual can also be distributed to prospective <br />new Program participants – to further inform and educate prospective Program participants. The <br />primary objectives of compiling and distributing the Manual will be: <br />• Remind Program participating households of their restrictions and responsibilities as <br />Program participants. <br />• Help minimize the number of Program defaults <br />• Provide a readily available resource for Program participants to access information on <br />restrictions, responsibilities, and protocols to maintain their properties within required <br />guidelines. <br />Topics covered in the Manual will include and not be limited to: <br />• Program ownership restrictions and responsibilities <br />• Steps to take when: <br />o Refinancing a property <br />o Selling a property <br />o Transferring title on a a property <br />o Making capital improvements <br />• City monitoring process and activities <br /> <br /> Docusign Envelope ID: 473ECB6B-08F5-49E6-8BF9-53FFB6D72DE6
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