Laserfiche WebLink
<br />EXHIBIT 3 <br />shall coordinate such inspection with Developer. The monitoring required pursuant to this <br />paragraph shall 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 ensure that each HOME- <br />ARP Unit is initially rented to a household that meets the requirements of a HOME-ARP <br />Qualifying Population as further defined in the HOME-ARP Notice. The Developer shall <br />take all necessary steps to review the income of all other Restricted Unit tenants prior to <br />renting to them, as well as reviewing current tenants on an annual basis, in accordance with <br />the HOME-ARP Program, and HOME regulations and guidelines. Every fifth (5th) year, <br />Developer shall require new original income documents to be submitted by tenants in the <br />City’s HOME-ARP Units. Tenants in the City’s HOME-ARP Units whose incomes no <br />longer comply with federal income guidelines, including HOME-ARP guidelines, shall <br />have their rents adjusted in accordance with federal HOME guidelines (24 CFR 92.252- <br />92.253). <br />(b)HOME-ARP Units continue to qualify as affordable housing despite <br />a temporary non-compliance caused by increases in the incomes of existing tenants if <br />actions satisfactory to HUD are being taken to ensure 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-ARP Program Requirements. Developer shall comply <br />with all other applicable requirements of the HOME-ARP and HOME Programs, including <br />but not limited to all requirements regarding record-keeping and confidentiality set forth <br />in the HOME-ARP Notice. <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-ARP funds for faith based activities as set forth in Section 92.257. <br />Section 12.MAINTENANCE, MANAGEMENT, OPERATION, <br />PRESERVATION AND REPAIR OF PROPERTY <br />12.1. Maintenance. Developer shall maintain the Property (and all abutting <br />grounds, sidewalks, roads, parking and landscape areas which Developer is otherwise <br />required to maintain) in good condition and repair; shall operate the Property in a <br />businesslike manner; shall prudently preserve and protect its own as well as the City's <br />interests in connection with the Property; shall not commit or permit any waste or <br />deterioration of the Property (except for normal wear and tear); shall not abandon any <br />portion of the Property or leave the Property unguarded or unprotected as reasonably <br />required; and shall not otherwise act, or fail to act, in such a way as to unreasonably <br />increase the risk of any damage to the Property or of any other impairment of City's <br />33 <br />WISEPlace Permanent Supportive Housing <br />City HOME-ARP Loan Agreement