35-22 Exhibit A - Extension of Agreement for Affordable Housing Administrative Services with CGPH - 2022.pdf

!; AFFORDABLE HOUSING ADMINISTRATIVE AGENT SERVICES RENTAL & OWNERSHIP FEES PAID BY Developer/Landlord/Homeowner I 1. Rental Fees Flat fee of $800/rental certification. Developer/Landlord pays fee. ! No charge for applicants found to be ineligible. West Orange will help facilitate CGP&H going under No charge to prescreen applicants and contract with developers. referring as many applicants to landlord as ; needed to fill each vacancy West Orange may pay this fee if Developer will not contract with CGP&H. 2. Waiting List $30 per deed restricted unit annual fee Developer/Landlord pays fee Management Fee payable upon commencement of affirmative marketing. Minimum fee of $300 annually. 3. Lease Renewal Fee $30 per lease renewal Developer/Landlord pays fee ? 4. Ownership Fee: Resales 3% of the sale price of the home or Homeowner pays fee. minimum of $2,500. West Orange wilt pay difference between 3% resale fee and minimum of $2,500 if

fee and minimum of $2,500 if fee paid by owner is less than $2,500. 5. Ownership Fee: $175 flat fee to process request Homeowner pays fee Refinance Requests 6. Ownership Fee: CGP&H will charge a fee of $2,000 per sale Developer/Landlord pays fee New Development unit. $1,000 will be billed at the time each home goes under contract and $1,000 will be billed at closing. In the event that a buyer goes under contract and does not close, the first $1,000 payment would not be returned. 7. Setup of New Projects $1,000 flat fee per new development Developer/Landlord pays fee Cost to West Orange $0.00 anticipated cost to West Orange. for these services ! 1. Rental Fees: CGP&H will contact the nextapplicanton the waiting list to prescreen them for eligibility, L refer them to the landlord, and invite them to submit a full application. CGP&H will collectand review documentation from the applicant households to determine their eligibility. Eligibility determination fees do not include credit or background checks, which are generally done by the landlord. The Developer/Landlord may pay rental certification fees. 2. Waiting List Management Fee: The waiting list management fee will allow us to maintain the waiting ; list on our web-based Affordable Homes New Jersey Profile (affordablehomesnewjersey.com). This i :■ ¡:

ee will allow us to maintain the waiting ; list on our web-based Affordable Homes New Jersey Profile (affordablehomesnewjersey.com). This i :■ ¡: JH16

AFFORDABLE HOUSING ADMINISTRATIVE AGENT SERVICES r unique online system provides around-the-clock, user-friendly and robust online tools for applicants, while also increasing our turnaround times. After initial lease-up, all applicants will be required to update their information annually. 3. Lease Renewal Fee: CGP&H will advise the Developer of the maximum rental amount before each new lease is executed and we will review all executed leases and maintain copies in our files, as required by UHAC. 4. Ownership Fee: Resales: CGP&H will charge the seller a fee as a percent of the sales price to refer interested buyers, coordinate with both the seller and all interested applicants throughout the ;■ duration of the sale process, income certify prospective buyers, prepare the closing documents, attend closings whenever required, and perform other duties related to the closing. This fee is paid ? by the owner directly to CGP&H at closing. In the unusual event where the sale fee comes in less than the minimum, CGP&H will be paid the difference by the municipality. ; : 5. Ownership Fee: Refinance Requests: CGP&H charges existing homeowners a fee per request to process requests for subordination or home equity loans. This fee will be paid by the homeowner requesting the review. * 6. Ownership Fee: New Development: After random selection is completed, CGP&H will process the pre-applications, screen pre-applicants, and refer eligible households to the developer, income certify all buyers, coordinate with mortgage providers, and prepare affordable housing related closing documents for the project. i : 7. Setup of New Projects: CGP&H will charge new developers a flat fee for project set-up activities. This includes pricing of units, preparation of deed restriction, affirmative marketing, and all other set­ ; up activities. !• I : ;; - s : f 1 2H17

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!■ AFFORDABLE HOUSING ADMINISTRATIVE AGENT SERVICES THE CGP&H APPROACH - ADMINISTRATIVE AGENT SERVICES The CGP&H approach is ideally suited to administer West Orange's existing and planned portfolio of affordable homes. CGP&H's proprietary Affordable Homes New Jersey website, database, and applicant profile system allows us to keep the applicant waiting lists for West Orange current, find prequalified applicants quickly when needed; track compliance; and, ensure regular affirmative marketing is undertaken, The key aspects of our approach that sets us apart from other Administrative Agents is described below: Affirmative Marketing CGP&H will affirmatively market the affordable units to maintain a list of interested applicants. Information will be posted on AffordableHomeNewJersey.com. We will send out mailings quarterly to our existing distribution list of approximately 250 community groups, major employers, and social service providers in Region 2 which is comprised of Essex, Morris, Union, and Warren counties. We will share our list with West Orange to see if the municipality would like to add any community groups, major employers or social service providers to our comprehensive list All units will also be posted on NJHRC.gov as well as Twitter, Instagram and Facebook where CGP&H has over 3,000 followers. Household Certification CGP&H will maintain a waiting list of households interested in purchasing or renting affordable units in the municipality. CGP&H ensures that our waiting lists are filled with applicants that are still interested in affordable housing so that when specific opportunities arise, less time will be spent inviting dozens on the waiting list who have moved on to other housing options. CGP&H's online system requires that our applicants re-affirm their interest in remaining on the waiting list. The positive impact on how quickly this approach can fill vacant units is nothing short of remarkable. CGP&H will complete income certifications for all households that submit full applications. There is no other firm in the entire state that provides such a robust and user-friendly online

will complete income certifications for all households that submit full applications. There is no other firm in the entire state that provides such a robust and user-friendly online database, with so much transparency for applicants. Through our online profile system, applicants can add or remove themselves from the municipality's waitlist, update personal information (such as income, children born, marriage/divorce etc.), and much more. This 24-7 access is available right on their computer, smart phone, or any other device with an internet connection. CGP&H's system has earned accolades from applicants, landlords and sellers of affordable housing as these technological advances have brought the modern-day convenience and access of the latest mobile and web technologies to the processes of renting, leasing, selling and purchasing of affordable homes with exemplary results. i i ^CGBH18

; r AFFORDABLE HOUSING ADMINISTRATIVE AGENT SERVICES Affordable Hornes New Jersey Website CGP&H will set-up a dedicated webpage, like the one shown below, for each affordable housing f development or sale unit in each client municipality. This website, AffordableHomesNewJersey.com, provides excellent exposure for the affordable units with current web activity at approximately 40 new preliminary applications submitted daily online (almost 15,000 new households added annually). \' •r Li f! Affordable Homes New jersey «AFFORDABLE OPPORTUNITIES - H APPLY NOW * ©FAQ h d CGP&h sorvute z\ $ SAMPLE TOWNSHIP . Home' -> All Opportunities ; I ?: i ll HOW TO APPLY

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Allcotoivn qg i You mayjoin the Evesham renta! and ownereiiipwaltlrtgltSES. Unite bscome available for fen; and sale monthly. I ' T0 CURRENT LISTINGS . > NEW JERSfjii Clide below for additional information on current afford able opportunities in ttiis mgoiciDality. Jon litmg lists to be cansidersd. Wi.ru-Sif 4 -Si Whitebridge Village Condominiums : TsjnjUUs g Sale 401 Quail Rd ; $75,299 j 2 bed 11 bath ¡ Low § HAVE A QUESTION? i