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WESTVIEW HOUSE L (9).P
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WESTVIEW HOUSE L (9).P
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Last modified
7/6/2022 12:16:52 PM
Creation date
7/6/2022 12:13:29 PM
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Contracts
Company Name
WESTVIEW HOUSE L.P
Contract #
A-2022-083
Agency
Community Development
Council Approval Date
5/17/2022
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11.17. Uniform Administrative Requirements, Cost Principles, and Audit <br />Requirements for Federal Awards. Developer shall comply with the requirements and <br />standards of 2 CFR 200. <br />11.18. Conflict of Interest. Developer shall comply with and be bound by the <br />conflict of interest provisions set forth at 24 CFR 570.611, as well as state regulations <br />pertaining to conflict of interest. <br />11.19. Monitoring. Developer shall allow the City to conduct periodic inspections <br />of the HOME assisted units on the Property as required by the Program after the date of <br />construction completion, with reasonable advance written notice. Developer shall cure any <br />defects or deficiencies found by the City while conducting such inspections within two <br />weeks of written notice thereof, or such longer period as is reasonable within the sole <br />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 Requirements. Such <br />review may include an on -site inspection of the Project units (including unit interiors). If <br />such an on -site inspection of the Project units is to be undertaken, the City shall coordinate <br />such inspection with Developer. The monitoring required pursuant to this paragraph shall <br />be in compliance with the requirements of 24 C.F.R. § 92.504. <br />11.20. Recertification of Tenant Income. <br />(a) Developer shall take all necessary steps to review the income of all <br />tenants prior to renting to there, as well as reviewing current tenants on an annual basis, in <br />accordance with HOME regulations and guidelines. Every fifth (5th) year, Developer shall <br />require new original income documents to be submitted by tenants. Tenants in HOME <br />assisted units whose incomes no longer comply with federal income guidelines shall have <br />their rents adjusted in accordance with federal HOME guidelines (24 CFR 92.252-92.253). <br />(b) HOME assisted units continue to qualify as affordable housing <br />despite a temporary non-compliance caused by increases in the incomes of existing tenants <br />if actions satisfactory to HUD are being taken to enstu'e 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 Program Requirements. Developer shall comply with all <br />other applicable requirements of the HOME Program. <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 funds for faith based activities as set forth in Section 92.257. <br />31 <br />Westview House <br />City HOME Loan Agreement <br />
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