NSP City of Jacksonville, Florida. Process Diagram

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2 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Developer Review Home Lists as Provided by Lisc and Langdon or Bidding Procedures and Rotation Program Prosser Hallock Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton

3 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Developer Review Home Lists as Provided by Lisc and Langdon Tour Targets Homes & Created Short Lists for D.D. Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton or Bidding Procedures and Rotation Program Prosser Hallock Review Short List

4 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Developer Review Home Lists as Provided by Lisc and Langdon Tour Targets Homes & Created Short Lists for D.D. Secure 3rd Party Funding As Needed or Bidding Procedures and Rotation Program Prosser Hallock Preparation of Green Specs and Bid Format Prosser Hallock Prepare Offer Procedures Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton Review Short List ANALYSIS Environmental Title Appraisal Construction Work Up

5 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Developer Review Home Lists as Provided by Lisc and Langdon Tour Targets Homes & Created Short Lists for D.D. Secure Funding 3rd Party As Needed Analysis of Property Condition & Selection of Targeted Homes with M.L. or Bidding Procedures and Rotation Program Prosser Hallock Preparation of Green Specs and Bid Format Prosser Hallock Prepare Offer Procedures Share Results With Developers Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton Review Short List ANALYSIS Environmental Title Appraisal Construction Work Up Initial Approvals or Denials

6 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Developer Review Home Lists as Provided by Lisc and Langdon Tour Targets Homes & Created Short Lists for D.D. Secure Funding 3rd Party As Needed Analysis of Property Condition & Selection of Targeted Homes with M.L. REO Purchase and Sale Agreement or Bidding Procedures and Rotation Program Prosser Hallock Preparation of Green Specs and Bid Format Prosser Hallock Prepare Offer Procedures Share Results With Developers Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton Review Short List ANALYSIS Environmental Title Appraisal Construction Work Up Initial Approvals or Denials Bid Scope Ready for Bidding M.L.

7 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Request Bids From Assigned Subs Based on Assigned Scope/Spec Level & Green Requirements Developer Review Home Lists as Provided by Lisc and Langdon Tour Targets Homes & Created Short Lists for D.D. Secure Funding 3rd Party As Needed Analysis of Property Condition & Selection of Targeted Homes with M.L. REO Purchase and Sale Agreement Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton or Bidding Procedures and Rotation Program Prosser Hallock Review Short List Preparation of Green Specs and Bid Format Prosser Hallock ANALYSIS Environmental Title Appraisal Construction Work Up Prepare Offer Procedures Share Results With Developers Initial Approvals or Denials Invitation to Bid for each House Assemble Bid Package for Each House Prosser Hallock Bid Scope Ready for Bidding M.L.

8 General or Notice of Bidding Process and Compliance Assurance to Developers and ors Request Bids From Assigned Subs Based on Assigned Scope/Spec Level & Green Requirements Developer Review Home Lists as Provided by Lisc and Langdon Tour Targets Homes & Created Short Lists for D.D. Secure Funding 3rd Party As Needed Analysis of Property Condition & Selection of Targeted Homes with M.L. REO Purchase and Sale Agreement Bids Directly to Final Proforma Determined Program Initiatives Identify and Maintain a Master List of Foreclosed Homes to Review for Bank Discussions Lisc/Langton or Bidding Procedures and Rotation Program Prosser Hallock Review Short List Preparation of Green Specs and Bid Format Prosser Hallock ANALYSIS Environmental Title Appraisal Construction Work Up Prepare Offer Procedures Share Results With Developers Initial Approvals or Denials Invitation to Bid for each House Assemble Bid Package for Each House Prosser Hallock Bid Scope Ready for Bidding M.L. Bid Opening Evaluation & Data Input Summary Recommendation To Bid Awar d Tracking of JSEB Subcontractors & G.C. Participants Prosser Hallock

9 with Developer With G.C. City Approves Acquisition at 85% of its Appraisal

10 with Developer With G.C. Final Underwriting With Bank City Approves Acquisition at 85% of its Appraisal

11 with Developer With G.C. Final Underwriting With Bank Acquisition Funding City Approves Acquisition at 85% of its Appraisal

12 with Developer With G.C. Final Underwriting With Bank Acquisition Funding Closings Survey Title Insurance City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Specific House Entered into Marketing Program and Website

13 with Developer With G.C. Final Underwriting With Bank Acquisition Funding Closings Survey Title Insurance Reimbursement Request City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Specific House Entered into Marketing Program and Website

14 with Developer Rehab with Selected Subs With G.C. Final Underwriting With Bank Acquisition Funding Closings Survey Title Insurance Reimbursement Request Rehab Funding City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Notice of Commencement /M.L. Specific House Entered into Marketing Program and Website

15 with Developer Rehab with Selected Subs With G.C. Final Negotiating With Bank Finalize Finalize Reimbursement Request Rehab Funding Construction Responsibility City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Notice of Commencement /M.L. Construction Review & Analysis M.L. Construction Site Visits & Reporting M.L. Specific House Entered into Marketing Program and Website

16 with Developer Rehab with Selected Subs With G.C. Final Negotiating With Bank Finalize Finalize Reimbursement Request Rehab Funding Construction Responsibility G.C. Performance Review & Payment City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Notice of Commencement /M.L. Construction Review & Analysis Construction Site Visits & Reporting Construction Site Visits & Reporting M.L. M.L. M.L. Specific House Entered into Marketing Program and Website

17 with Developer Rehab with Selected Subs With G.C. Final Negotiating With Bank Finalize Finalize Reimbursement Request Rehab Funding Construction Responsibility G.C. Performance Review & Payment Reimbursement Request for Draws City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Notice of Commencement /M.L. Construction Review & Analysis Construction Site Visits & Reporting Construction Final Inspection M.L. M.L. M.L. Construction Review & Release M.L. Specific House Entered into Marketing Program and Website

18 with Developer Rehab with Selected Subs With G.C. Final Negotiating With Bank Finalize Finalize Reimbursement Request Rehab Funding Construction Responsibility G.C. Performance Review & Payment Reimbursement Request for Draws Property Maintenance As Needed Funding City Approves Acquisition at 85% of its Appraisal Closing Statement Review and 40% Funding Notice of Commencement /M.L. Construction Review & Analysis Construction Site Visits & Reporting Construction Final Inspection M.L. M.L. M.L. Construction Review & Release M.L. Final Appraisal C.O. Specific House Entered into Marketing Program and Website

19 Property Maintenance As Needed Initiative Funding Final Appraisal C.O. Price Reverification Marketing Update Photos and Proce

20 Sale or Transfer to /to Agency or Maintain with CDC Exit Strategy Property Maintenance As Needed Initiative Negotiations & Execution Funding Final Appraisal C.O. Price Reverification H2H Final Review and Soft 2nd Final Approval Marketing Update Photos and Proce

21 Sale or Transfer to /to Agency or Maintain with CDC Lease Execution Property Maintenance and Compliance Review Property Exit Strategy Pre Closing Closing Property Maintenance As Needed Initiative Negotiations & Execution Closing Docs Execution Funding Final Appraisal C.O. Price Reverification H2H Final Review and Soft 2nd Final Approval Soft 2nd Funding or Partial Assignment & Subordination? Marketing Update Photos and Proce

22 Marketing Program Implementation Home Buyer Initiatives Program Marketing & Promotion McRae Mortgage Lender Identify Lenders/ Meetings with & Lenders to Review Process Langton/

23 Marketing Program Implementation Launch Website to Generate Buyer Interest Home Buyer Initiatives Program Marketing & Promotion McRae Inventory List of Potential Buyers Capture Info Langton/ Mortgage Lender Identify Lenders/ Meetings with & Lenders to Review Process Langton/ H2H Process Review & Guideline Update /Bankers

24 Marketing Program Implementation Launch Website to Generate Buyer Interest Prepare Program Marketing Material Home Buyer Initiatives Program Marketing & Promotion Inventory List of Potential Buyers Capture Info Educate About Process & Requirements McRae Langton/ Mortgage Lender Identify Lenders/ Meetings with & Lenders to Review Process H2H Process Review & Guideline Update Eligibility & Loan Document Creation & Approval Langton/ /Bankers

25 Marketing Program Implementation Launch Website to Generate Buyer Interest Prepare Program Marketing Material Workshop Advertising & Buyer What to Do Information Home Buyer Initiatives Program Marketing & Promotion Inventory List of Potential Buyers Capture Info Educate About Process & Requirements Workshops As Appropriate McRae Langton/ Mortgage Lender Identify Lenders/ Meetings with & Lenders to Review Process H2H Process Review & Guideline Update Eligibility & Loan Document Creation & Approval Pre-Qualify Potential Buyers Langton/ /Bankers Bankers

26 Marketing Program Implementation Launch Website to Generate Buyer Interest Prepare Program Marketing Material Workshop Advertising & Buyer What to Do Information Prepare Marketing Material of Homes for Sale Home Buyer Initiatives Program Marketing & Promotion Inventory List of Potential Buyers Capture Info Educate About Process & Requirements Workshops As Appropriate Distribute Marketing Materials of Homes For Sale McRae Langton/ Mortgage Lender Identify Lenders/ Meetings with & Lenders to Review Process H2H Process Review & Guideline Update Eligibility & Loan Document Creation & Approval Pre-Qualify Potential Buyers Langton/ /Bankers Bankers

27 Marketing Program Implementation Launch Website to Generate Buyer Interest Prepare Program Marketing Material Workshop Advertising & Buyer What to Do Information Prepare Marketing Material of Homes for Sale Home Buyer Initiatives Program Marketing & Promotion Inventory List of Potential Buyers Capture Info Educate About Process & Requirements Workshops As Appropriate Distribute Marketing Materials of Homes For Sale Home Buyers Counseling McRae Langton/ Langton Mortgage Lender Identify Lenders/ Meetings with & Lenders to Review Process H2H Process Review & Guideline Update Eligibility & Loan Document Creation & Approval Pre-Qualify Potential Buyers Pre-Approval Langton/ /Bankers Bankers

28 Certify Home Buyer NSP Eligibility Langton Approval H2H Approval

29 Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Approval H2H Approval

30 Specific House Entered into Marketing Program and Website Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Review Homes For Sale Within Limits Approval H2H Approval

31 Specific House Entered into Marketing Program and Website Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Review Homes For Sale Within Limits Select Home Approval H2H Approval

32 Specific House Entered into Marketing Program and Website Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Review Homes For Sale Within Limits Select Home Contact Developer for Access & Info Approval H2H Approval

33 Specific House Entered into Marketing Program and Website Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Review Homes For Sale Within Limits Select Home Contact Developer for Access & Info Negotiate Within Approved Limits Approval H2H Approval

34 Specific House Entered into Marketing Program and Website Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Review Homes For Sale Within Limits Select Home Contact Developer for Access & Info Negotiate Within Approved Limits Purchase Agreement Execution Approval H2H Approval Final Approval Final Appraisal

35 Specific House Entered into Marketing Program and Website Pre Closing Closing Certify Home Buyer NSP Eligibility Langton Provide List of Qualified Buyers to Developers Langton Review Homes For Sale Within Limits Select Home Contact Developer for Access & Info Negotiate Within Approved Limits Purchase Agreement Execution Insurance Any Final Questions Closing Documents Approval H2H Approval Final Approval Final Appraisal Mortgage Funding