14-10 Attachment 2

9. Creation of an application process for the MTAP. Specifically, Piazza & Associates will provide the following services under this proposal. A) Consulting Services to Implement the Market to Affordable Program 1. P&A will contact the Owners so as to ascertain their interest in participating in the MTAP. 2. P&A will meet with interested Owners; calculate the relative cost to discount the rents; and negotiate levels of compensation relative to the numbers of potential MTAP units. 3. P&A will arrange to have potential MTAP units inspected by the Township. 4. P&A will provide a cost/benefit analysis report to the Township that is based on the availability of units for inclusion in the MTAP, the condition of the available units, the cost to discount the units, and the price point at which the Owner will agree to participate. 5. P&A will set forth a schedule for projecting the phase in of the MTAP units. 6. P&A will coordinate with the Township to ensure that the proper deed restrictions are executed and recorded, and that the agreed upon payments are made to the Owners. 7. P&A will meet with the Township and Owners as required and ensure that all parties are kept current with the status of the development and implementation of the program. B) Preliminary Application Services 1. P&A will develop a complete set of application documents specifically designed to meet the requirements of the MTAP Regulations, including a Preliminary Application for Affordable Housing, a Final Application for Affordable Housing, Income Verification Forms and other such forms as may be required by the Regulations. 2. P&A will make applications available through the New Jersey Housing Resource Center (www.NJHousing.gov), for direct downloading on its own website (www.HousingQuest.com), at the municipal building and other such places as may be required. It will mail Preliminary Applications upon request, and answer questions, via telephone and e-mail, as needed. A special e-mail address will be Page 2