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e e 604 W. Fairmont Parkway, La Porte, TX 77571 Phone: (281) 471-5020 IFax (281) 842-1868 www.eLla-porte.tx.us CITY OF LA PORTE SINGLE-F~Y NEW CONSTRUCTION & DOWN PAYMENT AND CLOSING COSTS ASSISTANCE PROGRAMS Letter of Agreement for Professional Services Background The City of La Porte received grant funds, made available by the Harris County Office of Housing and Economic Development (OBED), from the U.S. Department of Housing & Urban Development (HUD) through the Home Investment Partnership (HOME) Program. These funds will be available to construct new single-family housing. These funds will also provide assistance to home buyers in the form of down payment and closing costs for 11 newly constructed single family units in La Porte's Northside neighborhood. Sheila Frye and Associates will provide professional administrative services associated with this grant on behalf of the City. Their responsibilities are described in the "Scope of Services" section below. Scope of Services The proposed scope of services is as follows: 1. Market the City of La Porte New Construction Homebuyer Program on radio, local businesses, newspapers with special emphasis at churches in the Northside communities. $1,500 2. Develop appropriate marketing materials in collaboration with SETH for distribution throughout the city of La Porte and surrounding areas in English and Spanish. $500 3. Provide Home buyer Education program at no cost to the buyers. Each buyer will be given a certificate of completion that will allow them access to the city of La Porte and the county first time homebuyer programs. These classes will be at a minimum of 5 hour, all materials will be provided by SF A to the buyers. These classes are Fannie Mae and HUD approved. 51,500 4. Provide access to credit counseling service for potential buyers in need to understand the fundamentals of good credit (credit challenged). Free/No charge 5. Work closely to Prescreenlpre-package clients before Washington Mutual (or the City's selected lender) takes loan applications twice a week in the La Porte area. 51,500 6. Develop qualified list of buyers for future developments. Free/No charge Compensation Compensation for the above mentioned services will occur upon completion of the project. This work shall not exceed five thousand dollars ($5,000). In addition, a status report and invoices shall be submitted monthly. 1tXIIIIT A