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EXHIBIT G <br />ADDITIONAL TERMS AND CONDITIONS <br />FEDERAL HOME INVESTMENT PARTNERSHIP — AMERICAN RESCUE PLAN <br />(HOME -ARP) FUNDS <br />The City has received an allocation of HOME -American Rescue Plan (HOME -ARP) <br />funds from the United States Department of Housing and Urban Development ("HUD") under <br />the Section 3205 of the American Rescue Plan Act of 2021 (P.L. 117-2)) ("ARP) to be <br />implemented through the HOME Investment Partnerships Program (the "HOME Program") (42 <br />U.S.C. §12701, et seq.,). <br />On September 13, 2021, HUD issued Community Planning and Development (CPD) <br />Notice: CPD-21-10 (the "HOME -ARP Notice") that implements the applicable statutory <br />requirements and regulations for the use of HOME -ARP Funds. Specifically, the HOME -ARP <br />funds must be used in accordance with both the requirements of the HOME -ARP Notice and the <br />HOME Regulations (24 CFR Part 92), as applicable, including but not limited to 24 CFR <br />92.504, 92.350, 92.351, 92.354, and 92.359, or as may be amended from time to time. In <br />addition to the requirements set forth in other provisions of the Agreement, Developer shall <br />comply, and shall cause all Developer personnel and/or subcontractors to comply, with the <br />following regulations and requirements to the extent applicable to the Project.' <br />1. Use of the HOME -ARP Funds. The Loan shall be used only for eligible costs <br />(see, e.g., the HOME -ARP Notice, and 24 CFR 92.206, and 92.214), and any development work <br />shall be completed within the times referred to in the Affordable Housing and Loan Agreement <br />between City and Developer. The HOME -ARP Notice waives 24 CFR 92.206 to the extent that <br />it conflicts with the eligible costs for eligible activities identified in the HOME -ARP Notice. In <br />addition, HUD waives 24 CFR 92.206(d)(5) and imposes the requirement outlined in the <br />HOME -ARP Notice. <br />2. Affordability. At initial lease up, there shall be a total of sixteen (16) units <br />restricted for rental to a HOME -ARP Qualifying Population ("HOME -ARP Units"). The HOME - <br />ARP Units shall meet the qualifying population and affordability requirements as outlined in the <br />HOME -ARP Notice or this Agreement and the Affordability Restrictions on Transfer of Property, <br />whichever is more restrictive. If the HOME -ARP Units do not meet the affordability requirements <br />of the HOME -ARP Requirements for the specified time period, it shall be a breach of the Loan <br />Agreement and Developer shall repay the Loan to City promptly upon demand by City, subject to <br />all applicable notice and cure periods. In such event, Developer shall not be released from the <br />' This exhibit is a list and summary of some of the applicable legal requirements and is not a <br />complete list of all Developer requirements. The description set forth next to a statute or <br />regulation is a summary of certain provisions in the statute or regulation and is in no way <br />intended to be a complete description or summary of the statute or regulation. In the event of <br />any conflict between this summary and the requirements imposed by applicable laws, <br />regulations, and requirements, the applicable laws, regulations, and requirements shall apply. <br />WISP.PLACE PERMANENT SUPPORTIVE HOUSING EXHIBIT G <br />HOME -ARP FUNDING ADDITIONAL TERMS AND CONDITIONS <br />