2010-121 RES APPROVING AN AGREEMENT WITH PARIS LIVING FOR ADMINISTRATION OF THE HOMEBUYER ASSISTANCE PROGRAM

Home Browse Search

review and make recommendations designed to improve the Programs; (g) assist the City during TDHCA monitoring visits and prepare any required response to any monitoring findings; (h) cause to be maintained a file on each property funded through the Programs for review by TDHCA and/or HUD; (i) prepare any and all invoices from Paris Living or its consultant Hunter & Hunter Consultants, Inc. ("H&HCI") to each property closing as necessary; (j) provide any and all other services as may be required by the City or by TDHCA and that Paris Living has the ability and expertise to perform; 2. Specifically, the Scope of Work to be performed by Paris Living under this agreement is as follows (Please note that some of the items listed below will be charged to each individual loan as project related soft costs as is allowed under HUD regulations): PROJECT MANAGEMENT • Develop a record keeping system including the establishment of a filing system; • Maintain the project and administrative files; • Provide general advice and technical assistance to the City on implementation of the Projects and regulatory matters; • Furnish the City with the necessary forms and procedures required for implementation of the Projects; • Prepare and submit to TDHCA any and all documentation necessary for amending the HOME contract; • Prepare and submit Set-Up, Completion and other required reports; • Serve as liaison for the City during any monitoring visit by TDHCA or HUD; • Develop a Project affirmative marketing plan for the City; • Conduct all necessary Lender/Realtor training sessions; • Review all files received from lenders to ensure that the applicant and house qualifies for the program; • Assist the City in acquiring the services of independent inspectors and to ensure that a11 houses in the program pass required inspections; • Assist the City with acquisition of homebuyer training; • Assist the City with the completion of second lien documents; • Maintain all project files in a reasonable and logical order; • Manage dispute resolution as required. FINANCIAL MANAGEMENT • Assist the City in proving its ability to manage the grant funds to the state's audit division; • Assist the City, if requested, in establishing and/or maintaining a bank account (direct deposit account) and/or separate local bank account, journals and ledgers; • Assist the City in responding to single audit report requests from TDHCA; • Prepare all fund reimbursements on behalf of the City; • Review any invoices received for payment and file back-up documentation; • Provide general advice and technical assistance to City Council, staff and consultants on implementation of the Project and regulatory matters.