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<br />Exhibit A-1 <br />HCS-23-42-1901-198(1) <br />City of Everett <br /> Page 10 of 24 <br />L. Public Information <br /> <br /> In all news releases and other public notices related to the Project funded under <br />this HOME Agreement, the Agency shall include information identifying the <br />source of funds as the Snohomish County HOME Investment Partnerships <br />Program. <br /> <br />M. HOME Match Requirements <br /> <br /> HOME matching contribution requirements of 24 CFR §§ 92.218–92.222 apply <br />to HOME funds. HOME requires an annual non-Federal match of 25% of total <br />HOME funds expended program-wide. Match includes cash, assets, services, <br />labor and other resources that are permanently contributed to the County’s <br />HOME Investment Trust fund and are not used as match for other Federal <br />programs. The Project is expected to generate eligible match contributions but <br />is not required to have a 25% match of HOME funds. <br /> <br />III. PROJECT REQUIREMENTS <br /> <br /> The Agency will manage the Project so that the funding provided under this <br />Agreement shall be in full compliance with the limitations contained in the HOME <br />Regulations. The Agency will maintain records, which records shall be available <br />for inspection by the County and HUD at the times and as provided in Section V- <br />B-4 of Exhibit A hereof, demonstrating that assistance provided to each and every <br />homeowner has been made in compliance with those limitations and the limitations <br />described below. <br /> <br />A. Minimum and Maximum Per-Unit Subsidy Amounts <br /> <br />1. A minimum of $1,000 in HOME funds must be invested in each HOME- <br />assisted housing unit. <br /> <br />2. The total amount of HOME funds invested on a per-unit basis may not <br />exceed the per-unit dollar limits established under section 221(d)(3)(ii) of <br />the National Housing Act (12 U.S.C. § 17151(d)(3)(ii)) for elevator-type <br />projects for the area in which the housing is located, or in the event that <br />HUD approves an increase up to 240 percent of the original per unit limits <br />for the area, may not exceed said HUD-approved limits. The County has <br />provided the Agency with the current maximum per-unit subsidy limits for <br />the Snohomish County area. HUD updates these maximum per-unit <br />subsidy limits periodically and Snohomish County will provide updated limits <br />to the Agency upon receipt of this information from the Seattle HUD Field <br />Office. <br />