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NSP-Eligible Uses <br />Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential <br />properties, including such mechanisms as soft -seconds, loan loss reserves, and shared -equity loans for low - <br />and moderate -income homebuyers; <br />1) Purchase and rehabilitate homes and residential properties that have been abandoned or <br />foreclosed upon, in order to sell, rent, or redevelop such homes and properties; <br />2) Establish land banks for homes and residential properties that have been foreclosed upon; <br />3) Demolish blighted structures; <br />4) Redevelop demolished or vacant properties as housing. <br />HUD will not consider requests to allow foreclosure prevention activ i ' ti6s, ' or to allow demolition of structures <br />that are not blighted, or to allow purchase of residential properties.and homes that have not been abandoned <br />or foreclosed upon as provided in HERA. HUD does not have the authority to permit uses or activities not <br />authorized by HERA. <br />New construction of housing is eligible to redevelop demolished or vacant -properties as housing. <br />For more information, please see hftps://www.hudex�hange.info/programs/ns� <br />Ix. DEVELOPER REQUIREMENTS AND RESPONSIBILITIES <br />LINSURANCE <br />Prior to undertaking performance of Work under this Agrebment, Developer shall maintain and shall <br />require its subcontractors, -if any, to obtain and maintain insurance as described below: <br />1) Commercial Ge ' neral Liability Insurance'. Developer- shall, maintain commercial general liability <br />insurance which shall include: but not be limited to protection against claims arising from bodily and <br />personal injury, including death resulting there from and damage to property, resulting from any act <br />or occurrence arising but of Developers ope�ations in the performance of this Agreement, including, <br />without limitation,- acts involving vehicles., The amounts of insurance shall be not less than the <br />following: single lim ' it coverage applying to bodily and personal injury, including death resulting there <br />from, and property damage, in. the total amount of $2,000,000 per occurrence, $2,000,000 in the <br />aggregate. <br />2) Business automobile liability insurance, or equivalent form, with a combined single limit of not less <br />than $2,000,000 per occurrence. Such insurance shall include coverage for owned, hired and non - <br />owned automobiles. <br />3) Worker's Compensation Insurance. In accordance with the provisions of Section 3300 of the Labor <br />Code, Developer is required to be insured against liability for worker's compensation or to undertake <br />self-insurance. Prior to commencing the performance of the work under this Agreement, Developer <br />agrees to obtain and maintain any employees liability insurance with limits not less than $1,000,000 <br />per accident. <br />The following requirements apply to the insurance to be provided by Developer pursuant to this section: <br />a. Commercial general liability and business automobile insurance policies shall (a) name the City, <br />Authority, its officers, employees, agents, volunteers and representatives as additional <br />insured(s); (b) be primary and not contributory with respect to insurance or self-insurance <br />programs maintained by the City and Authority; and (c) contain standard separation of insureds <br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />P 25 <br />19 -29 <br />