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CA DEPT HOUSING & C.D. 2 - 2004
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CA DEPT HOUSING & C.D. 2 - 2004
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Last modified
1/3/2012 3:15:37 PM
Creation date
9/2/2005 4:18:38 PM
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Contracts
Company Name
State of California Department of Housing & Community Development
Contract #
A-2004-276A
Agency
Community Development
Council Approval Date
9/7/2004
Expiration Date
4/27/2025
Destruction Year
2030
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<br />G. CASH MANAGEMENT SERVICES - RENTAL REHABILITATION (SECTION 17) <br /> <br />For projects requiring Rental Rehabilitation services: a fee <br />of 1/2 of 1% of the total amount escrowed with a minimum fee <br />of $250.00 and a maximum fee of $1,000.00. <br /> <br />H. CASH MANAGEMENT SERVICES - HOME PROGRAM <br /> <br />SERVICE LEVELS <br /> <br />LEVEL 1: <br /> <br />A fee of 1/2 of 1% of the total project amount with <br />a minimum fee of $225.00. USE does not supply HOME <br />Program Management Reports. <br /> <br />LEVEL 2: a) <br /> <br />All funds deposited at opening of individual <br />project escrow except HOME Treasury: a fee of <br />3/4 of 1% of the total project amount with a <br />minimum fee of $225.00. <br /> <br />b) All funds deposited at opening of individual <br />project escrow except HOME Treasury and one <br />other federal funding source: a fee of 1% of <br />the total project amount with a minimum fee of <br />$250.00. <br /> <br />c) All funds deposited at opening of individual <br />project escrow except HOME Treasury and two <br />other federal funding sources: a fee of 1- <br />1/4% of the total projec~ amount with a minimum <br />fee of $275.00. <br /> <br />LEVEL 3: <br /> <br />a) <br /> <br />Fixed ranking of funding sources with each <br />source used until exhausted: a fee of 1-1/4% <br />of the total project amount with a minimum fee <br />of $325.00. <br /> <br />b) Fixed percentage of multiple funding sources <br />used throughout each project: a fee of 1-1/2% <br />of the total project amount with a minimum fee <br />of $350.00. <br /> <br />c) On demand, check by r;heck, a. .fee of 1-3/4% of <br />the total project amount with a minimum fee of <br />$375.00. <br /> <br />Tenant-Based Rental Assistance in which project tenants are <br />to receive monthly payment subsidy checks: a fee of $150.00 <br />for projects with 1-4 units plus a fee of $12.00 per check <br />issued. For projects in 'which there are more than 4 units <br />recei ving tenant-based rental assistance, a fee of $250.00 <br />plus $10.00 per check issued. <br />
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