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Housing Hope HCS-15-42-1213-198(1) 7/25/2016
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Housing Hope HCS-15-42-1213-198(1) 7/25/2016
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Last modified
8/10/2016 11:29:30 AM
Creation date
8/10/2016 11:29:01 AM
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Contracts
Contractor's Name
Housing Hope HCS-15-42-1213-198(1)
Approval Date
7/25/2016
Council Approval Date
4/20/2016
End Date
9/30/2055
Department
Planning
Department Project Manager
Rebecca McCrary
Subject / Project Title
Kennedy Court Low Income Housing Rehab
Tracking Number
0000225
Total Compensation
$573,298.00
Contract Type
Agreement
Contract Subtype
Grant
Retention Period
6 Years Then Destroy
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of the HOME program. Therefore, the costs associated with the unit <br /> are ineligible. <br /> b. Leases Required for Rental Units - Leases are required for all HOME- <br /> assisted rental units and must be consistent with 24 CFR §92.253. <br /> c. Initial Rent and Utility Allowances. In establishing the maximum allowable <br /> rents, the Agency shall comply with 24 CFR §92.252(d). <br /> d. Rent Review during the HOME Compliance Period. The Agency shall <br /> establish rents for the HOME-Assisted Units that comply with the <br /> affordability provisions of 24 CFR §92.252. <br /> e. Tenant Protections and Selection. The Agency shall operate the project <br /> consistent with the provisions 24 CFR §92.253 regarding lease <br /> requirements, prohibited lease terms, termination of tenancy, and tenant <br /> protections and selection. <br /> F. Maintenance <br /> The Agency agrees to keep the Premises in good condition and repair; not to <br /> remove or demolish any building thereon; to complete or restore promptly and in <br /> good and workmanlike manner any building that may be constructed, damaged, <br /> or destroyed, and to pay when due all claims for labor performed and materials <br /> furnished therefor; to comply with all laws affecting the Premises or requiring any <br /> alterations or improvements to be made; not to commit or permit waste thereof; <br /> not to commit, suffer, or permit any act upon the Premises in violation of law; and <br /> to do all other acts which from the character or use of the Premises may be <br /> reasonably necessary to preserve and conserve its value. The Agency shall <br /> maintain the property as decent, safe, and sanitary housing in good repair in <br /> conformance with the Uniform Property Condition Standards, or such other on- <br /> going property standards as the City may require. <br /> Amended HOME Loan Agreement <br /> Housing Hope's Kennedy Court Improvement Project <br /> Page 24 of 53 <br />
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