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DocuSign Envelope ID:99C9F1BE-6EF7-45DE-BDBD-4B6928396A96 <br /> direct equity investments); operating subsidies; and development assistance (technical <br /> assistance, site control loans, or seed money loans):, <br /> 4. The CliD( shall pert-brin, the prO.Jects, or tasks related to its aflocatio,11 of HOME <br /> funds according to the schedUIC and within th,c budget sLibinitted as a part of' the <br /> annual application process as outlined hiAttaclarnent A, which is hereby incorporated <br /> by reference. <br /> ,B. AFFORDABILITY: <br /> 1. The CJIDO shall erisure that housing it assists, with HOME funds meet's the <br /> affordability requirements of 24 CFR Parts 92 or 914, as applicable. <br /> 1 The CHDO shall repay its award of HOME funds in full to tl'IC County if file I)OUSilIg <br /> does neat nicet the aftordability requiretaients for the specified time period. <br /> 3,. If the CHDO is undertaking rental projects, the CHDO shall establish affirdaMe <br /> initial rents and procedures for rent increases. <br /> 4. If the CHDO is undertaking boineownership projects lor sale to homcbuyCrS, the <br /> CJJDO shall set forth, resale or recapture requirements that confion'ti to 24 CFR Part, <br /> 92.254(a). <br /> C. PROJE(.,,,"r REQUIREMENTS: <br /> 1. The CIIDO shall comply with project requircinerits specified iii 24 CFR. subpart F, as <br /> applicable in accordance with tlie tyipe of project assisted. <br /> 1 The aniount of HOME Funds the CHDO may irn/est on a per-unit basis in affordable <br /> housing n'iay not exceed the per-unit dollar ljJT1JtS cstablished by HUD <br /> D. PROPERTY S'FANDARDS: <br /> i. The (".1m)o shall ensure that the housing meets the property standards in 24 CFR <br /> 92.251 and the lead based paint reqUirentents, in 24 CFR 92,355 upon project <br /> completion. <br /> 1 The CHIDO shall maintain rental ho-using in accordance with the standards in 24 CFR <br /> 92.251 for the duration of the afrordability period. <br /> E. AFFIRINIATIVE NINKKETING: <br /> 1. If a project contains five (5) or more HOME assisted units, tlie CI- DO must take full. <br /> responsibility fi)r affirmatively niairketing the hOUSin.g. <br /> 2 <br />