Housing Hope HCS-15-42-1213-198(1) 7/25/2016

Agreement and continue through September 30, 2030, ("HOME Program Compliance Period") Throughout the HOME Program Compliance Period, as specified in the Use Restriction Covenant Agreement, the HOME-Assisted Units shall remain affordable and in compliance with the HOME requirements until September 30, 2030. Minimum HOME Compliance Period — The minimum period of affordability for HOME-Assisted Units shall be not less than the applicable period specified in 92.252(e) as follows: Activity Average Per- Minimum Unit HOME $ Affordability Period Rehabilitation or <$15,000/unit 5 years acquisition of existing housing $15,000 - 10 years $40,000 / unit >$40,000 / unit 15 years Refinance of rehabilitation Any $ amount 15 years project New construction or Any $ amount 20 years acquisition of new housing This Loan Agreement may be terminated by the City as provided in Section VI-B hereof. H. Agency Operations The Agency shall provide or cause to be provided administrative, fiscal, and management services; employ staff; and purchase, rent, and use supplies and materials as needed to operate, maintain, and protect the Project in accordance with this Loan Agreement, the HOME Program statutes and the HOME Regulations. This shall include, but not be limited to, compliance with the grounds and procedures governing grievance hearings as set forth in the HOME Regulations. In addition, grievance hearings, conferences, notices, and summaries pursuant to this Loan Agreement shall be in English or in the language of the majority of residents. I. Obligations Following Termination Following expiration or termination of this Loan Agreement, the Agency's obligations to the City shall remain in full force and effect until all closeout requirements are completed. The obligations of the HOME-Assisted Units shall Amended HOME Loan Agreement Housing Hope's Kennedy Court Improvement Project Page 6 of 53