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

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ENVIRONMENTAL • Prepare the administrative environmental documents for City signature; • Prepare the Homebuyer Assistance Environmental Checklist for each property; • Ensure that all lenders disseminate lead base paint information to prospective borrowers; • Ensure that all lead base paint certification and acknowledgments are signed and filed in each individual project file; • Ensure that an environmental file is created and maintained for the Program. FAIR HOUSING/EQUAL OPPORTUNITY Ensure that all marketing materials prepared include affirmative marketing/equal opportunity statements and logos; Maintain documentation of all program beneficiaries by ethnicity and gender. CLIENT INTAKE QUALIFICATION AND INTAKE • Meet with each prospective borrower and help them fill out the application for assistance; • Review each applicants financial information to ensure they qualify for the assistance to be provided; • Assist each applicant in completing all the forms required for assistance • Collect applicant information regarding income and employment to be included in the project files; • Clarify and resolve any issues related to the application intake process; • Prepare notifications to sellers of properties to be purchased by qualified applicants; • Prepare approval letters to the applicants for City staff signature; • Perform any other necessary activities to ensure an effective application process. AUDIT/CLOSE-OUT PROCEDURES • Prepare the final completion report and Certification of Completion for filing with TDHCA; • Assist the Corporation in resolving any monitoring and audit findings; • Assist the Corporation in resolving any third party claims; • Provide City Auditor with HOME audit guidelines. 3. In connection with Paris Living's activities on the City's behalf, the City will cooperate with Paris Living; furnish or cause to be furnished to Paris Living all information and data concerning the City and the City's project(s) which Paris Living reasonably requests; and provide Paris Living with reasonable access to its officers and appointed staff. The City acknowledges and understands that while Paris Living or its consultant(s) will be administering the Program on the City's behalf, that this service does not, from the perspective of TDHCA, relieve the City from any ultimate responsibiliry for the appropriate administration of the Program. 4. In consideration of services provided pursuant to this agreement, the City agrees to pay or cause to be paid to Paris Living an administrative fee, in an amount equal to 4% of all project funds expended. In addition, Paris Living will receive a potential additional amount, to be paid at each loan closing, to defray costs associated with provision of application intake, document preparation, environmental clearances, homebuyer counseling, home inspections, ar