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Exclusive Negotiation Agreement <br />with Goodwill and FFAH <br />October 6, 2008 <br />Page 2 <br />current proposal calls for Goodwill and FFAH to apply for the $4.9 <br />million State Multifamily Housing Program, Supportive Housing Program <br />funds. In order to apply for these funds, they must be able to <br />demonstrate that they have site control, either by means of outright <br />ownership, a long term lease, or some other acceptable mechanism such as <br />an exclusive negotiation agreement (ENA) for the purchase of the <br />property from its current owner. <br />Under the proposed ENA (Exhibit 2), Goodwill and FFAH will form a <br />partnership that will negotiate the terms of a Disposition and <br />Development Agreement with the Agency. Both the Agency and the <br />partnership will have the unilateral right to suspend or terminate <br />negotiations at any time. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Shelly ndry -Ba 1 <br />Housing Manager <br />Community Development Agency <br />CJN /SLB /mlr <br />100608 EN Agree doc 3 <br />2.A. - 2 <br />