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. : ., ~. : . . ~" 8. " . . . . - , '. u. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 23 HOUSING ASSISTANCE PAYI'IENTS PROGRAM ANNUAL CONTRIBUTIONS CONTRACT PAItT I HEW CONSTRUCTION PROJECT NO. ~ Ç-/5-1(, 1.1 The Project. The,Local Authority proposes to enter in~o a llaus1ng Assistance Payments Contract ("Contract") with respect tb newly COIIIItructed dwelling units pursuant to an agreement to enter into such Contract ("Agreement") executed prior to the commencement of construction. It 18 contemplated that the numbers and sizes of units will be as follows: Size of Unit Number of Units , ' I-Br.* 200 - . *Specifically designed for the elderly, handicapped and disabled. . . The Local Authority shall, to the maximum extent feasible, enter into an Agreement and Contract in accordance with the numbers and sizes of 1IDits specified above, but the' Local Authority shall not enter into any Agreement or Contract or take any other action which will result in a c1a1a for a total Annual Contribution in respect to the Project in excess of the maximum amount stated in Section 1.3(a). 1.2 ~horization of Actions by Local Authority. (a) . In order to carry out the Project, the Local Authority is authorized to (i) enter into an Agreement, (ii) enter into a Contract, (Ui) make housing assistance payments on behalf of Families, and (iv) take all other necessary actions all in accordance with the forms, conditions and requirements presecribed or approved by the Government; Provided, however, that neither the Local Authority nor the Government 8ba11 assume any obligation beyond that provided in the form of Acteement, and in the Contract, approved by the Govermnent. (b) The Contract shall bear the written approval of the Government. .. (c) The Contract shall be for an initial term of not IIIOre than five years with provision for renewal for subsequent terms of not more than five years each, but in no event shall the term of the Contract, with respect to any unit, exceed 20 years, subject to the maximum 22 year limitation in Section 1.5. (d) The Contract may provide for periodic adjustments in the rents chargeable by the Owner; Provided, however, that any such provision shall specify that such adjustments are subject to the following clause: Limitation, The LIlA will make housing . assistance payments in increased amounts commensurate with rent adjustments or renegotiations under this Section, but only to the extent possible within the limits of the maximum total amount of Annual Contributions payable under Section ,1.3 (b)(l) of Part I of the ACC. No commitment is made by the LHA or the Govermnent that such maximum total amount of annual contributions will be increased by reason of any such rent adjustments or renegotiations. However, the Owner may select eligible Families in light of this l:lmitation so that his totsl receipts (Family rents and housing sssistance payments) would be commensurste with the adjusted or renegotiated rents. 1 \