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