R2011-130 AUTHORIZING AMENDMENT - Laserfiche WebLink

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audit, examine, and make excerpts or transcripts of all relevant data. NWRAPS agrees to comply with all administrative requirements (24 CFR 92.505). IV. PROJECT REQUIREMENTS A. Affordability Requirements NWRAPS agrees that it will adhere to the requirements stated at 24 CFR Subpart F for the use of HOME funds for acquisition and rehabilitation housing projects. Specifically, HOME-assisted units in a housing project must be occupied only by households that are eligible as low to moderate-income households, and must meet requirements to qualify as affordable housing including maximum property value, nondiscrimination, affordability periods and compliance with property standards. The sale price for HOME-assisted units shall not to exceed 95 percent of the area median purchase price and not exceed the maximum HOME subsidy level as described in Section 221 (D) 3 established by the U.S. Department of Housing and Urban Development for the Decatur. If any of the housing units do not continue to meet the entire affordabilityperiod NWRAPS shall reimburse the City of Decatur for the entire amount of the HOME funding provided for those units. A lien/encumbrance shall be place on the HOME-assisted units for the duration of the affordability period to enforce this provision. B. Completion The project amendment includes a schedule for completion in a timely manner. The schedule shall include completion of all code issues within 90 days (October 31, 2011). The City will monitor progress weekly on the project to ensure that the schedule is being maintained. Any extensions to the project schedule must be explained to the City in writing. This contract shall not extend beyond June 21, 2012 (final possible date for sale of the property). The City reserves the right to suspend all or any payouts of HOME funding. NWRAPS may be restricted from participating in any new HOME or CDBG funded projects through the City of Decatur. C. Property Standards NWRAPS shall ensure that all housing it rehabilitates with HOME funds meets all applicable local codes, the Illinois Accessibility Code, HUD Housing Quality Standards (HQS), ordinances, and zoning ordinances at the time of project completion. NWRAPS shall comply with the standards set forth by the City of Decatur for either new construction or existing housing, depending on the type of project it is undertaking. Payout requests for work requiring mechanical, electrical, or plumbing inspections shall not be processed without documentation that the applicable permits have been received and required inspections conducted. D. Project Closeout/Final Reporting and Payment NWRAPS shall collect and report performance data as required by the Department of Housing and Urban Development and shall submit all documentation compiled at the end of project closeout. This includes but is not limited to: objectives, outcomes and indicators. Closeout documentation shall consist of. final payout requests, proof of property ownership, title insurance, final property inspection sheets and certificate of 4