19D - AFFORDABLE HOUSING RFP - Laserfiche WebLink

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NSP -Eligible Uses Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties, including such mechanisms as soft -seconds, loan loss reserves, and shared -equity loans for low - and moderate -income homebuyers; 1) Purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop such homes and properties; 2) Establish land banks for homes and residential properties that have been foreclosed upon; 3) Demolish blighted structures; 4) Redevelop demolished or vacant properties as housing. HUD will not consider requests to allow foreclosure prevention activities, or to allow demolition of structures that are not blighted, or to allow purchase of residential properties.and homes that have not been abandoned or foreclosed upon as provided in HERA. HUD does not have the authority to permit uses or activities not authorized by HERA. New construction of housing is eligible to redevelop demolished or vacant -properties as housing. For more information, please see https://www.hudexchange.info/programs/nsp/. IX. DEVELOPER REQUIREMENTS AND RESPONSIBILITIES n ' j t. L INSURANCE Prior to undertaking performance of work under this Agreement, Developer shall maintain and shall require its subcontractors, -if any, to obtain and maintain insurance as described below: 1) Commercial General Liability Insurance. Developer shall, maintain commercial general liability insurance which shall include; but not be limited to protection against claims arising from bodily and personal injury, including death resulting there from and damage to property, resulting from any act or occurrence arising out of Developer's operations in the performance of this Agreement, including, without limitation',- acts involving vehicles: The amounts of insurance shall be not less than the following: single limit coverage applying to bodily and personal injury, including death resulting there from, and property damage, in, the total amount of $2,000,000 per occurrence, $2,000,000 in the aggregate. 2) Business automobile liability insurance, or equivalent form, with a combined single limit of not less than $2,000,000 per occurrence. Such insurance shall include coverage for owned, hired and non - owned automobiles.. 3) Worker's Compensation Insurance. In accordance with the provisions of Section 3300 of the Labor Code, Developer is required to be insured against liability for worker's compensation or to undertake self-insurance. Prior to commencing the performance of the work under this Agreement, Developer agrees to obtain and maintain any employer's liability insurance with limits not less than $1,000,000 per accident. The following requirements apply to the insurance to be provided by Developer pursuant to this section: a. Commercial general liability and business automobile insurance policies shall (a) name the City, Authority, its officers, employees, agents, volunteers and representatives as additional insured(s); (b) be primary and not contributory with respect to insurance or self-insurance programs maintained by the City and Authority; and (c) contain standard separation of insureds City of Santa Ana Community Development Agency Request for Proposals for Affordable Housing Development Pa a 25 19 -29