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for QualificatLions for ftusing Financial; M <br /> Analytical, and Advisory Services <br /> The affordable housing areas in which KMA provides services include the following; <br /> Layering andLeveraging Analyses - KMA prepares market and financial analyses <br /> to quantify the appropriate level of client assistance to a project. We evaluate the impact of <br /> burdens and incentives on affordable housing programs and advise on all aspects of project <br /> financing, including the use of available outside funding and assistance sources KMA has <br /> extensive experience preparing HOME layering analyses under the new HOME final rule. <br /> €vel oper Solicita tia I el do $ KMA assists clients in the evaluation and <br /> selection of developers for affordable housing projects. The evaluation typically includes a <br /> thorough review of the developer's prior experience and that of the development team, its <br /> financial strength and property management expertise. <br /> Inclusianary Housing Programs - KMA analyzes the financial impact associated <br /> with requiring private sector residential developers to set aside units for very-low, low and <br /> moderate income households. These analyses quantify the net economic detriment created by <br /> the inclusionary requirement, after consideration of the benefits associated with various <br /> incentives being offered by public entities. KMA has evaluated the financial impacts on both <br /> rental and ownership housing and assisted cities in drafting inclusionary housing ordinances <br /> and implementation documents as well as participating in the public hearing approval process. <br /> Policies and Procedures Manuals — KMA has written policies and procedures <br /> manuals for clients to ensure compliance with HOME Program regulations as well as developed <br /> programs for the use of HOME Program funds. In addition, KMA has prepared policies and <br /> procedures manuals to implement inclusionary housing programs and programs funded by the <br /> NSP. <br /> SB 341 Affordable Housing Reports — KMA has prepared a template to be used <br /> by Housing Successor staff to prepare the required annual SB 341 report. In addition, KMA also <br /> prepares the report for housing successor agencies. <br /> Compliance Monitoring x Affordable rental housing is typically funded with a variety of <br /> layered funding sources. These sources impose income and affordability restrictions that <br /> require clients to monitor compliance of the relevant affordable standard. KMA's experience <br /> includes structuring housing projects funded with multiple assistance sources and monitoring <br /> the completed projects to ensure continuing compliance with the income and affordability <br /> covenants. <br /> Residual Receipts Calculation and Compliance - KMA has assisted clients in <br /> the evaluation of affordable housing operations and ensuring compliance with residual receipts <br /> loan repayment terms. The evaluation typically includes a review of the annual audited <br /> financial statements and operating statements to determine any residual receipts payments <br /> due. <br /> Keyser Marston Associates, Inc. Page 5 <br />