Snohomish County 5/6/2024 Amendment 1 (2)

Exhibit A-1 HCS-23-42-1901-198(1) City of Everett Page 11 of 24 B. Property Standards 1. The housing units rehabilitated with HOME funds under this Agreement must meet: a. The property standards contained in 24 CFR § 92.251 at the times required by that section; and b. The lead-based paint requirements contained in 24 CFR § 92.355 upon project completion. 2. The housing units rehabilitated with HOME funds under this Agreement must also meet the Snohomish County Urban County Consortium Rehabilitation Standards for HOME-Funded Projects and Programs, dated February 26, 2014, incorporated herein by this reference, and as subsequently amended; the Agency’s Community Housing Improvement Program (CHIP) Operating Procedures Manual approved by the County, dated October 2012, incorporated herein by this reference, as subsequently amended with notice provided to the County; and applicable state and local codes. C. Eligible Project Costs 1. The HOME funds under this Agreement must be used to provide home rehabilitation loans to homeowners to assist with HOME-eligible housing rehabilitation costs. Costs eligible for these loans must be: (a) to meet the property standards contained in 24 CFR § 92.251, (b) to make essential improvements, including energy-related repairs or improvements, improvements necessary to permit use by persons with disabilities, and the abatement of lead-based paint hazards, as required by 24 CFR Part 35, or (c) for other eligible purposes as listed under 24 CFR § 92.206 (a) and (d). The loans will be made upon the terms set forth in Exhibit B. 2. The HOME funds under this Agreement may be used to pay the cost to refinance existing debt as part of the home rehabilitation loans only in accordance with the requirements of 24 CFR § 92.206(b) and only after the County has established refinancing guidelines and amended the Snohomish County Urban County Consortium 2015-2019 Consolidated Plan to state these requirements, as required by 24 CFR § 92.206(b)(2).