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

. AFFORDABLE HOUSING ADMINISTRATIVE AGENT SERVICES Online Full Application Before an applicant can rent or purchase an affordable home, they will be sent a link to an online application form to start the full income certification process. We have received positive feedback from applicants who i prefer to complete the form online rather than a hard copy application. The online form is user friendly and > applicants can save their progress while they input bank account and other income-related information requested in the application. : Applicants can update their contact information, income, household size and other qualifying information any time from their Affordable Homes New Jersey Profile. If applicants have not updated in the last year, we will email them a series of emails notifying them that their profile will expire and they will be removed from the waiting list if they do not submit an update via the link provided in the email. If they fail to respond !i to multiple email requests to update, they will be sent a final email notifying them that they have been removed from the waiting list 5 Applicants without email addresses will be mailed annual renewal requests. Reporting i Another benefit of the Affordable Homes New Jersey database is that CGP&H prepares additional reporting on municipal affordable housing inventory and waiting list. Our client municipalities are telling !■ us that this system is giving them composite data as to what is going on with affordable housing in their community in a way that was never available to them before. Information we can provide on units that we directly administer can include: Sell in Last 12 months : Average Months for Homes to : • Applicant information such as how many people

Average Months for Homes to : • Applicant information such as how many people under Contract 5 Months to Close B Months to go with disabilities, how many veterans, single family ic Total: 8 lotah a Months Months head of households, and so much more 8 Total: 5 >' Months i Affordable Housing inventory of currently 6 occupied and currently available units J| A S-- ^ 1 • Average time from listing to sale or from vacancy R

R r l é Ss B «¿SSetfgM to leasing 8 West Green forest Village Country Farits • Average sale price of homes sold or monthly rent -tr*a***™*^*n*!!** of rental units by unit size i • Average incomes of new buyers/renters . Affordab! e Housing u;aftjngUsts li : • Current waitlist size with length of time applicants ® Ownership S Rental have been on waiting list asoo »I

asoo »I i a i* ¿000 1.926 ! ! a Rental i o ,-so° l, B Ownership ijf I : $60000 ; 8 1.000 p $46,687 M6,095 $45,577 ¡I ! ■I $50.000 I soo 1 , $40,000 ■ $29,612

1 , $40,000 ■ $29,612 0 $30000 ' $«,»» ÜP L? Less thar, 1 ye;* '•2 years $10.000 $9 ISfi n/a 3 Psison Amount Of Time Applicants ¿ or snoreyears spend on Waiting J/St f 1 1 Person 2 ’’"rwwf.** i 22