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e e 604 W. Fairmont Parkway, La Porte, TX 77571 Phone: (281) 471-5020 /Fax (281) 842-1868 www.ci.la-Dorte.lx.us CITY OF LA PORTE SINGLE-FAMILY 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 (OHED), 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. Th~se 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. Southeast Texas Housing Finance Corporation (SETH) 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. In addition, program details are included as an attachment to this document. Scone of Services The proposed scope of services is as follows: 1. Preparation of Program Guidelines and Materials: · SETH shall prepare program guidelines within the parameters of HOME program regulations. · SETH shall prepare all necessary forms and form letters. · SETH shall submit guidelines and materials to the City of La Porte for approval prior to implementation of the program. 2. Marketing of the Program: · At the request of the City of La Porte, SETH shall market availability of the program through various media sources, including, but not limited to: television, print media, radio, and PSA's. All sources (both English and Spanish) should be utilized. · SETH shall prepare brochures and/or fact sheets regarding the program and its parameters for prospective participants, lending institutions, etc. in both English and Spanish. 3. Referral of Participants: . Applicants for the program shall be obtained through referrals from a participating lending institution, the City of La Porte, and other sources, including Sheila Frye & Associates through a contract with the City of La Porte. Applicants may contact SETH directly for assistance. . SETH shall inform the applicants of the basic program eligibility requirements and procedures. . Ifneeded, the applicant shall be informed of the participating lending institutions to obtain a mortgage application and Letter of Referral and/or to the Homebuyer Counseling/Education Program. r~p:oitJ;\f i.\' ~~.~ ~.:..