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At a minimum, the Agreement must describe the following features of the housing to be <br />developed and assisted under the PBV program: <br />• Site and the location of the contract units; <br />• Number of contract units by area (size) and number of bedrooms and bathrooms; <br />• Services, maintenance, or equipment to be supplied by the owner without charges in addition <br />to the rent; <br />• Utilities available to the contract units, including a specification of utility services to be paid <br />by the owner and utility services to be paid by the tenant; <br />• An indication of whether or not the design and construction requirements of the Fair Housing <br />Act and section 504 of the Rehabilitation Act of 1973 apply to units under the Agreement. If <br />applicable, any required work item resulting from these requirements must be included in the <br />description of work to be performed under the Agreement; <br />• Estimated initial rents to owner for the contract units; <br />• Description of the work to be performed under the Agreement. For rehabilitated units, the <br />description must include the rehabilitation work write up and, where determined necessary <br />by SARA, specifications and plans. For new construction units, the description must include <br />the working drawings and specifications. <br />• Any additional requirements for quality, architecture, or design over and above HQS. <br />Execution of the Agreement [24 CFR 983.153, FR Notice 11/24/08] <br />The Agreement must be executed promptly after SARA notice of proposal selection to the <br />selected owner. Generally, SARA may not enter into the Agreement with the owner until the <br />subsidy layering review is completed. Likewise, SARA may not enter into the Agreement until <br />the environmental review is completed and SARA has received environmental approval. <br />However, SARA does not need to conduct a subsidy layering review in the case of a HAP <br />contract for an existing structure or if the applicable state or local agency has conducted such a <br />review. Similarly, environmental reviews are not required for existing structures unless <br />otherwise required by law or regulation. <br />SARA will enter into the Agreement with the owner within 14 days of receiving both <br />environmental approval and subsidy layering approval, and notice that these have been approved <br />by the Housing Authority, and before construction or rehabilitation work is started. <br />17-IV.C. CONDUCT OF DEVELOPMENT WORK <br />Labor Standards [24 CFR 983.154(b)] <br />If an Agreement covers the development of nine or more contract units (whether or not <br />completed in stages), the owner and the owner's contractors and subcontractors must pay Davis- <br />Baconwages to laborers and mechanics employed in the development of housing. The HUD- <br />prescribed form of the Agreement will include the labor standards clauses required by HUD, <br />such as those involving Davis-Bacon wage rates. <br />The owner, contractors, and subcontractors must also comply with the Contract Work Hours and <br />Safety Standards Act, Department of Labor regulations in 29 CFR part 5, and other applicable <br />o~ro2~12 Page 17-12 <br />