Snohomish County Human Services Department 12/10/2018

HOME funds expended. Match includes cash, assets, services, labor and other resources that are permanently contributed to the County's HOME Investment Trust fund and are not used as match for other Federal programs. The Project is expected to generate eligible match contributions but is not required to have a 25% match of HOME funds. III. PROJECT REQUIREMENTS The Agency will manage the Project so that the funding provided under this Agreement shall be in full compliance with the limitations contained in the HOME Regulations. The Agency will maintain records, which records shall be available for inspection by the County and HUD at the times and as provided in Section V- B-4 of Exhibit A hereof, demonstrating that assistance provided to each and every homeowner has been made in compliance with those limitations and the limitations described below. A. Minimum and Maximum Per-Unit Subsidy Amounts 1. A minimum of $1,000 in HOME funds must be invested in each HOME- assisted housing unit. 2. The total amount of HOME funds invested on a per-unit basis may not exceed the per-unit dollar limits established under section 221(d)(3)(ii) of the National Housing Act (12 U.S.C. § 17151(d)(3)(ii)) for elevator-type projects for the area in which the housing is located, or in the event that HUD approves an increase up to 240 percent of the original per unit limits for the area, may not exceed said HUD-approved limits. The County has provided the Agency with the current maximum per-unit subsidy limits for the Snohomish County area. HUD updates these maximum per-unit subsidy limits periodically and Snohomish County will provide updated limits to the Agency upon receipt of this information from the Seattle HUD Field Office. 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 Exhibit A-3 HCS-16-42-1601-198(3) City of Everett Page 10 of 23