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<br />V.G. f)[ '^IIlMU>I I rJ tlnll';ItHi ANn lH1II^"," III.VI LOl'MrNT
<br />GtCTlOU U fIOll:.;INO A!.:. '¡ r^N(;t;-1'^V~'1 NT:, "ICJOItAM
<br />NUW COrJ~j,JIIUCTION
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<br />PAnT I or TtiE
<br />HOUSING ASSISTANCE PAYMENTS CONTRACT
<br />rnIVATI:.OWNL:U/rIiA rnOJlCT
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<br />MA5Tr.O &ECTION 0 Ace NUMUER:
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<br />Ace LIST NUMoEn AND DATE:
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<br />PROJCCT NUMOER:
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<br />This Jtuusinr, As!<.hbnl"O rayments Contract ("Cmlfrac,'" is entered into by and betwecn the
<br />("l'1lA 'J, whh.:h is ôI public hou\in~ óI~ency as defined in the United 51ah:5 Ilou!linc Act of 1937. 42 U.S.C 1437. £! !ll'C1., (''Act'). at ~('til)n
<br />J437aCG), and .. rOwlU:r'1. ¡Ind approved b)' the Unih:d Stalc5 of Amcrk.. ;'dill~
<br />thrc,m¡;h the Ul'partmcnloor Ilou~ng and Urb:m .)evelopmeDt rGoJ'tmmen/ oJ, pursuant 10 the Act ami the Department of Ilousint: ,,"d Urb:tn
<br />Ilovelopn~,rit Act, 42 U.s,C. 3531, £!~,
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<br />.partieshcreioa~cea,rol1ows: .'
<br />~I SIGNIFICANT DATES AND OTIIER ITßIS;CONTEIITS 01' CONTRACI'.
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<br />1.2
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<br />,19_. [This date shalt be no ~:ulÌC'r
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<br />Effcrtivf: "atc of Contract. The effcctive ~3te of this. Contract is
<br />than aile date of Go\wnnlf.:nt acccptilocc of the projf~ci,J
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<br />Initial Term of Contract. The initial term of this Contract (St~ Section 1.40) shall bc_years [not to cxceed fiye ycars] . beginning
<br />with the effective date of this Contract and ending .19-.
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<br />NumbcT and tcnE!th of Optional AdditionalTe!!!!; The number and length of optional additional terms (setScctioll lAD) sbaH be
<br />tcrms of years each (;¡ot to exceed five yeaIl each] .
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<br />M:\ximumTot:11Tcrm f'fCnntmct. The .axillWlD tohl t818 of thb Contract lOT any unU, 1nc1uðlna aJl nnewah (aee Section
<br />abaIl bc_)'Cars. [Insert 20, except that (I) in the C3~ of a project-owned by, or financed by.. loan or I"an tuarantec from, a StalL:
<br />orlot'a1 agency, jnSl:rt the number, not to exceec! 40, which wiD provide a term ending with the scheduled maturity date for the l;~sl
<br />paYm<'nt under ~uch rU1an~ing, and (2) jn the case of a mobile homes project, insert number as authorized by the Government pur-
<br />IUIInllo 24 CFR, Secûon 880.109, not to exceed 20.] .
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<br />1.4.).
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<br />PI..,,! Yeor. The endin;: cUte öfeach Fi.cal Year {See Seetion1Abl .haD be
<br />September 3D. or December 31, as determined by the Government] .
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<br />[insert March 31 t June 30,
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<br />kmua1 Contributions Contract,
<br />ACC dated
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<br />The Annual Contribütion. Contracl applicable to this Contract ("ACC'7fsee Section 1.50) i. the
<br />with respect to Proje~t No.
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<br />J.
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<br />Maximum Hot1sin~ As,isl:ml:e Commitment,
<br />Contract (n.t Seclion l,(j;;¡) j:¡ S
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<br />The maximum amount of the commitment for housing :lssistance p:lyments und~r this
<br />per annum. [Enter amount spccifi~d in the ACe for housing assistance pay men IS,]
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<br />h.
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<br />Contents of Contract. Tlüs Contt.act consists of Put J, Part II, and the following exhibits:
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<br />ExhIbII A:
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<br />The schedule showing the number of units by size ("Contract Units'? and their applicable rents ("Contract R('IIts"J:
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<br />Exhibit B:
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<br />The project description;
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<br />Ex1uöJt C: . The statement of services, maintenance and utilities to be provided by Owner;
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<br />Exhibit D:. The ArruIßativc Fair Housing Marketing Pbn. if applicable; and
<br />AddltionaJ cxmòits: [Specify additional cxluõits. if any. If none, insert '~None." ]
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<br />This Contract. including sJ.iJ exhibits, comprises the entire agreenlcnt between the p:trth~s hereto ",ith respect to the ;ó1ttc~ COlIt:t1!)cd
<br />Mtt'in. ó1ud ncÎlhl:r ¡'art~' i') oound by any rcpn.'Sc:nlalions ûr ug....:cments or any kind except as eontuined herein or ncepl agn.'emelHs
<br />entcred inlu in writing \\ hkh :tre 1101 im.'ol1sistent ",ith this Contrad,
<br />OWNER.S WARIIANTIFS,
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<br />up-a' C'al'3l'ity. The Owner wamlots that he h3s,th~ Il'gal dcbt to execute this Contract and to lCJ~ dwelling units cOVl'rcd by thi$
<br />Contraf.'t,
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<br />b.
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<br />("""'rh.-ti"1l 0(\\'01,,"-, The Owner warr:mt$ th:n thf.- projecI 35 dCSCfibed in Exhibit n ì~ in r,ood and Icnanl:lble conùitil'fI :11\(1 Ihal
<br />ttM.~ proj~.f..t h;1S bc\.' \ \..\)I11I'''-'I\.'d in ¡t~~c~'rdance willt Ihe tCrlU$ and conditions of 1111.: A~:rccmcnl to Entcr intu Ilollsilll! "s~i~lalic':
<br />Payments ('UIlIrad ("Agr~'f''''('III'') l'r \\ill bc I,.'011l1'''-'tl'd inòlcf.'ordanf.'c wilh Ih~ h'rrns on which thc proj~,,1 wa'li at.:n'l}Jc~', The
<br />Own!:r furth.:r W;lUanl'li Ih,ll h~' wil1ll'rn~'d)' any dl'l'l'l'ls or ul1)i'Õ~ions l'o\'Crc~1 hy Ihis \\'atrJIHy if calkd II,) his. :utf.'IHiun.\\'jl!lIn I~
<br />months uf th.: crrl'diw riltC' of this C~'nlrad, The ()wnef ;md the I'IIA .;1~rCl' 111:11 the continuation of Ihb, (.'ontracl.sh¡,Ul'... suhj~'i.:1
<br />to 1tlC' ,..mldilions 5Ct forth in S\.'l'liot\ Loll' of thl' A¡:rc\.'mcnt. '
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<br />I'AMIUI'S 1'0 III: 110lJSED: 1'11.\ ASSISTANCE.
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<br />Ü!'!iIi~''Õ "0 1h-1I1'11\l'd, The (\mlr~ld Unil!l 3fC tó be I~'a~n'd 1Iy thc Owner tt> rlhÚblc Lowcr.lncome I~allùllcs rl-Ì1mUirs'1 (ør U",I.:'
<br />and Ol'f.'UI'JUl')' b)' 5I1l"1ll:amili\.'$ s~'ld)' a ¡ rrÌ\'atc d\wllin¡:I,
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<br />b.
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<br />l'IIAA!I'iillij,tal1l'\'.
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<br />"h~' I'll A h~'ll'h). ,1!~n'Ci "' maL,' ht"hill).!. ôI~'lii'liI.II'l'l~ l'a)'IU"lib on t","mlr n( r,lIl\ilí~'~ f"r th~~ ('unlf:lct Ullil5, to f.'ltahll' Midi
<br />..'¡lIl1ilks In k;I\I' IJ':~.~'nl. S,lh', ;uhl SillljUI)' 1111I"'¡I1I~ t'IH~U:1I1I In '~'l'lhln K "t' till' ^I'I, Sudl hnll,i \.~ öI''I\laltl'C 1';1)111""''''
<br />.1\;,lIl'IIII,.llIu' dllll'n'nn' \I\'IW~'\'lIlh~' ("UIIl;"" Ih'nh 'nr ullit, ¡o;I>:,'tI hv 1;;II1Ulil'~ al1~llh,' I'-Irllllll ul" suda rt'lIls l'il)';lbl.' II)'
<br />':.IIIiIi,'. "' ."'h"IIIII"..1 lor II... II\T" III ...,c....I..."" w.'h ,ellI,.I..I,'. ,....1 "Iih"'" \,.,..hli,II,'d hy 'h" (;"",,,,,"\,"1.
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<br />If tlWh' ¡" ¡III ,'II,',,",III~'l' '""~I llhlili~ 'I ,lInl ()1hn ~:"Iyit,,'i ,md if ';II1'h ^lh.\\':lIIt'~. t'~- '~"'I'" "II' (,1(1'('1 Family (.uIII.iblllit'II, III('
<br />U"lh't ,,11,111.1';')' '"l' 1:,lmil)' Ih~' 011111"1111 HI' '1".iI ~'Xt~'."S un bdl.ll!' tit" '11,' tll/\ III'UI1I\.'u'il't HI" lund'i hllllllh~' I'IIA IUt 111;11
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