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with NWRAPS. If NWRAPS fails to either respond to the letter or to remedy the <br /> situation as agreed to in the review meeting within 30 days,the City may suspend all <br /> further payouts of HOME funding requests for that project. <br /> D. Project Closeout/Final Payment <br /> The City reserves the right to withhold up to the final ten percent (10%) of total <br /> reimbursement on a project until all closeout documentation is received. Closeout <br /> documentation shall consist of completed Property Resale Information Sheet, lien/deed <br /> restrictions, final payout requests, final property inspection sheets, and certificate of <br /> occupancy. <br /> E. Affordability Requirements <br /> Any project undertaken under the terms of this agreement must comply with the periods <br /> of affordability as stated in the federal regulations for use of HOME funds, 24 CFR <br /> 92.254(a). Specifically, HOME-assisted housing units must be acquired by a homebuyer <br /> whose family qualifies as a low- income and the housing must be the principal residence <br /> of the family throughout the affordability period. The unit must remain affordable to <br /> low-income persons for not less than the applicable period for the amount of assistance <br /> provided, which will be determined prior to the signing of a purchase agreement with the <br /> homebuyer and stated in the written HOME agreement for the unit. If the housing <br /> unit does not remain affordable for the entire affordability period in accordance with the <br /> provisions of the HOME agreement for that unit,NWRAPS is required to repay the entire <br /> HOME investment in the unit. <br /> F. Property Standards <br /> NWRAPS shall ensure that all housing it constructs or rehabilitates with HOME funds � <br /> meets all applicable local codes,rehabilitation standards, HUD Housing Quality <br /> Standards (HQS), ordinances, and zoning ordinances at the time of proj ect completion. <br /> NWRAPS shall comply with the standards set forth by the City of Decatur for either new <br /> construction or existing housing, depending on the type of project it is undertaking. <br /> Payout requests for work requiring mechanical, electrical, or plumbing inspections shall <br /> not be processed without documentation that the applicable permits have been received <br /> and required inspections conducted. <br /> G. Termination of Project Funding <br /> The City reserves the right to suspend or terminate payment of reimbursement requests <br /> for a project in whole or in part for cause. Cause shall include the following: <br /> (1) Improper use of funds; <br /> (2)Failure to comply with the terms and conditions of this Agreement, including <br /> those specified in this Section; <br /> (3)Failure to comply with HUD program guidelines. <br /> (4)Failure to comply with the affordability requirements stated in item E. above. <br /> The City shall notify NWRAPS before any such termination takes place and allow <br /> opportunity for review and correction of problems. If termination of the project is then <br /> determined to be necessary, repayment of the total amount of HOME funds expended on <br /> the project shall be made to the City prior to the end of that current fiscal year. <br /> 4 <br />