Attachment 3: Survey of Affordable Housing Processing Fees Below Market Price (BMP)
Homeownership Program
Proposed
Fee
Fremont
Additional Cost Oakland
San
Jose
Santa
Clara
Union
City Hayward Dublin Livermore
Alameda
County
San
Francisco Emeryville
Redwood
City
BMP Refinance / Subordination
Administration & Analysis $99 Financial/Technical
Consultant $1,514 $407 $1,760 $712 $600 $675 $666 n/a $668 $519 $246 BMP Home Resale Processing (per unit) $4,826 n/a $1,730 n/a 2.5% of sale price
$142 +
Consultant Cost0.50% $3,944 $4,582 n/a $668 $519 $1,894 Resale Home Inspection
(3rd inspection if issues not corrected) $248 n/a n/a n/a n/a n/a $350 for multi-family n/a $666 for
multi-family n/a n/a n/a n/a
New BMP Unit Housing Agreement and
Sale Processing (per unit) $4,826 Legal Consultant
Consultation n/a n/a
2.5% of sale
price
plus $4,205 legal
n/a 0.5% of
sale price $3,944 1.5% of
sale price n/a n/a $519 Actual Cost
BMP Participating Lender Application Review $99 n/a n/a n/a n/a n/a n/a n/a n/a n/a $1,051 n/a n/a Restricted Multi-Family Rental Program
Annual Monitoring $5,197 n/a $628.30 +
$8.24/unit $104/unit n/a n/a $50/ unit
≤ 100 units:
$3,461
> 100 units:
$5,183
≤ 100 units:
$2,662
> 100 units:
$3,228
$300
per unit n/a Time &
Materials$171/unit
City Financed Acquisition, Predevelopment,
Construction Loan Preparation n/a
Legal Consultation
Financial/Technical
Consultant
3% of loan $5,868 n/a n/a n/a n/a n/a $2,724 n/a n/a
City Financed Loan Conversion $4,676
Legal Consultation
Financial/Technical
Consultant
$3,460.80 $41,531 $7,824 n/a Actual n/a n/a n/a n/a n/a n/a City Financed Loan Resyndication,
Refinance, Rehabilitation, Recapitalization$7,539
Legal Consultation
Financial/Technical
Consultant
n/a $44,387 $58,686 n/a Actual n/a n/a n/a n/a n/a n/a
City Financed Loan Restructuring $7,539
Legal Consultation
Financial/Technical
Consultant
n/a $3,825 n/a n/a n/a n/a n/a n/a n/a n/a n/a
City Loan Resyndication $7,539 n/a n/a $41,531 $46,948 n/a Actual n/a n/a n/a n/a n/a n/a City Loan Recapitalization $7,539 n/a n/a $19,839 $23,474 n/a Actual n/a n/a n/a n/a n/a n/a City Financed Project Transfer of Ownership$1,038 Legal Consultation $1,514 $15,266 $15,649 n/a n/a n/a n/a n/a n/a n/a n/a Subordination Processing $2,944
Legal Consultation
Financial/Technical
Consultant
n/a $6,596 $15,649 n/a n/a n/a n/a n/a n/a n/a n/a