The Borough of Metuchen desires to appoint an affordable housing administrative agent to administer the municipal affordable housing programs. The Administrative Agent shall: • Establish and enforce affordability controls and ensure that the Administrative Agent’s portfolio is sold to eligible households. • To secure written acknowledgment from all developers, affordable housing sponsors and owners that no restricted unit can be offered or in any other way committed to any person other that a household duly certified by the Administrative Agent. • Is responsible to create and adhere to an operating manual, implement the Borough’s Affirmative Marketing Plan, accept applications from interested households, conduct random selection of applicants for sale and resale of restricted units, create and maintain a pool of applicant households, determine eligibility of households, establish and maintain effective communication with owners and property managers, preserve affordability controls during the sale of restricted units, ensure cancellations of recapture mortgages are effectuated, send out annual mailings about restrictions, ensure unit has continuing certificate of occupancy at final transfer, serve as the custodian of all legal documents,
