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City of Santa Ana 25-CALHOME-18740 Page 2 of 5 EXHIBIT E C. The approved Development budget and Project Sources and uses are: 1) Development Budget (applies only to Homeownership Development Projects): N/A 2) Project Sources and Uses (applies only to Homeownership Development Projects): N/A 2. Term of Agreement and Deadlines A. The Contractor(s) shall remain a party to the Standard Agreement for the agreement's entire term. The Standard Agreement allows a maximum of 36 months from the date the Standard Agreement is fully executed by all parties to expend funds, except for Homeownership Project Developments and Self- Help Technical Assistance which are allowed a maximum of 60 months (Guidelines §603). The Department may exercise its reasonable discretion to disencumber funds or to grant an extension of time for completion (Guidelines §603). Any extensions are subject to any and all applicable encumbrances, deadlines, and limitations, including, but not limited to, HSC §54006(g). Documentation to support the Contractor's expenditure of funds shall be received prior to the contract expiration date. B. The Standard Agreement expires at the end of 42 months from the date the Standard Agreement is fully executed by all parties (or 66 months for Homeownership Development Projects and Self-Help Technical Assistance), unless extended. C. Contractors remain subject to the terms of the 20-year Monitoring Agreement (Guidelines §600(b)). D. Homeownership Development Projects: 1) The Contractor shall draw down CalHome program funds or begin onsite construction within 22 months of this executed Standard Agreement date. If this goal is not met the Department may, in its sole discretion, disencumber all funds and cancel the Department commitment to the project. HOSN-CalHome 2024 NOFA Date: 12/12/24, Amended 1/14/2025, Amended 1/17/2025 Approval Date: 06/05/2025 Prep. Date: 12/10/2025