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Item 13 - Affordable Housing Project at 1411 N Broadway
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03/07/2023 Special and Regular
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Item 13 - Affordable Housing Project at 1411 N Broadway
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
13
Date
3/7/2023
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<br />EXHIBIT 3 <br />available housing. In connection therewith, Developer shall perform those affirmative marketing <br />responsibilities set forth in 24 C.F.R. § 92.351(a) and the marketing plan shall include the <br />following: <br />a.methods for informing the public, owners, and potential tenants about <br />federal fair housing loans and the City’s affirmative marketing policy; <br />b.requirements and practices Developer must adhere to in order to carry out <br />the affirmative marketing procedures and requirements; <br />c.procedures to be used by Developer to inform and solicit applications from <br />persons in the housing market area that are not likely to apply for the housing without <br />special outreach; <br />d.records that will be kept describing actions taken by Developer to <br />affirmatively market units and records to assess the results of those actions; and <br />e.a description of how Developer will assess the success of affirmative <br />marketing actions and what corrective actions will be taken where affirmative marketing <br />requirements are not met. <br />12.Displacement. Consistent with the other goals and objectives of Subpart H of 24 <br />C.F.R. § 92, Developer shall take all reasonable steps to minimize the displacement of persons <br />(families, individuals, businesses, nonprofit organizations, and farms) as a result of the Program <br />Activities. <br />13.Debarment and Suspension. As required in 24 C.F.R. § 92.357, Developer shall <br />comply with all debarment and suspension certifications. <br />14.Enforcement of Agreement. In addition to the other provisions set forth in the <br />Agreement, City shall have the authority to enforce Developer’s obligation to comply with the <br />HOME-ARP Requirements. <br />15.Return of HOME-ARP Funds. <br />a. HOME-ARP Construction Component. Upon the completion of the <br />Project or earlier termination of the Agreement, Developer shall transfer to City any HOME-ARP <br />Construction Component funds on hand for which expenses have not been incurred and any <br />accounts receivable attributable to the use of HOME-ARP Construction Component funds. In <br />addition to the foregoing, in the event the expenses for which any disbursement of HOME-ARP <br />Construction Component funds are disbursed to Developer are not incurred by Developer within <br />thirty (30) days after City’s (or escrow holder’s) disbursement to Developer, or such longer time <br />as City approves in its sole discretion, City shall have the right to require that Developer <br />immediately return the HOME-ARP Construction Component proceeds to City. Disbursement of <br />proceeds by the City to an escrow holder shall not constitute disbursement to Developer for <br />purposes of this provision. <br />b.HOME-ARP Subsidy Reserve Component. The HOME-ARP Subsidy <br />Reserve is intended to assure affordability of the HOME-ARP assisted units during the HOME- <br />WISEPLACE PERMANENT SUPPORTIVE HOUSING EXHIBIT G <br />HOME-ARP FUNDING ADDITIONAL TERMS AND CONDITIONS
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