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Last modified
4/18/2023 11:56:06 AM
Creation date
4/18/2023 11:49:28 AM
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Contracts
Company Name
NORTH BROADWAY HOUSING PARTNERS LP
Contract #
A-2023-027
Agency
Community Development
Council Approval Date
3/7/2023
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of the Restricted Units, inclusive of the HOME -ARP Units during the HOME -ARP <br />Compliance Period, on the Property as required by the HOME -ARP Program after the date <br />of construction completion, with reasonable advance written notice of not less than two (2) <br />business days. Developer shall cure any defects or deficiencies found by the City while <br />conducting such inspections within two weeks of written notice thereof, or such longer <br />period as is reasonable within the reasonable discretion of the City. <br />Not less than once per year, the City shall review Developer's activities and operations <br />under the Agreement and Developer's compliance with the HOME -ARP Requirements. <br />Such review may include an on -site inspection of the Project units (including unit <br />interiors). If such an on -site inspection of the Project units is to be undertaken, the City <br />shall coordinate such inspection with Developer. The monitoring required pursuant to this <br />paragraph shall be in compliance with the requirements of 24 CFR 92.504. <br />11.20. Recertification of Tenant Income. <br />(a) Developer shall take all necessary steps to ensure that each HOME - <br />ARP Unit is initially rented to a household that meets the requirements of a HOME -ARP <br />Qualifying Population as further defined in the HOME -ARP Notice, The Developer shall <br />take all necessary steps to review the income of all other Restricted Unit tenants prior to <br />renting to them, as well as reviewing current tenants on an annual basis, in accordance with <br />the HOME -ARP Program, and HOME regulations and guidelines. Every fifth (51) year, <br />Developer shall require new original income documents to be submitted by tenants in the <br />City's HOME -ARP Units. Tenants in the City's HOME -ARP Units whose incomes no <br />longer comply with federal income guidelines, including HOME -ARP guidelines, shall <br />have their rents adjusted in accordance with federal HOME guidelines (24 CFR 92.252- <br />92.253). <br />(b) HOME -ARP Units continue to qualify as affordable housing despite <br />a temporary non-compliance caused by increases in the incomes of existing tenants if <br />actions satisfactory to HUD are being taken to ensure that all vacancies are filled in <br />accordance with this section (24 CFR 92.252-92.253) until the non-compliance is <br />corrected. <br />11.21. Other HOME -ARP Program Requirements. Developer shall comply <br />with all other applicable requirements of the HOME -ARP and HOME Programs, including <br />but not limited to all requirements regarding record -keeping and confidentiality set forth <br />in the HOME -ARP Notice. <br />11.22. Controlling Covenants. If there is a discrepancy between State of <br />California and Federal law with regard to any of the aforementioned covenants, the more <br />stringent shall apply. <br />11.23. Faith Based Activities. To the extent applicable to the Project, in <br />accordance with 24 CFR 92.257, Developer will comply with the restrictions on the use of <br />HOME -ARP funds for faith based activities as set forth in Section 92.257. <br />33 <br />WISEPIace Pomianent Supportive Housing <br />City HOME -ARP Loan Agreement <br />
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