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DocuSign Envelope ID:99C9F1BE-6EF7-45DE-BDBD-4B6928396A96 <br /> 2. If the CHDO should receive proJect-specific development assistance (technical <br /> assistwice ancl site control loans or seed nioney loans),, that assistance is Iii-nited by <br /> provisions, under 24. CF'R 92 301. <br /> 1 The CHDO shall notify the County in writing of' any changes, in its 5,01 (c)(3) tax <br /> excrilpt status, during the specified period of' affi)rdability, or any other change that <br /> alters, the organization's certification as a C11DO under 24 CFR Part 92, <br /> L. PROGRAM INCOMEDISPOSITION: <br /> I. 1'he CHDO inay retain ariyproceeds resulting from the ('11D O's investrricnt ofits set- <br /> aside futiols. <br /> 2. As such, the proceeds are not HOME prograrn incorric and, therefore, are not subject <br /> to I IOME requirements except those stated below. <br /> 3. The CEID01 must use any proceeds for 110ME-eligible activities siniflar to those for <br /> which the allocatioti of HOME funds was originally made. <br /> M. CONF.1,.1CT 01F INTEREST: <br /> 1. No employee, agent, consultant, officer, elected official or appointed official of <br /> Orange Coui�)ty w1io has responsibilities related to: the IlOME Prograni or access, to <br /> "inside" iriformation concerning said pro, rarna shall obtain a financial benefit or <br /> interest from any HOME Pro rain activity f'(.)r tfieniselves or those with whoni they <br /> have family or business, ties, during their tenure or for one year thereafter. <br /> 2. 'I'lie CHDO shall make a good faith cffort to assure that this provision is not violated, <br /> and that any suspected violations are proniptly reported to the C.Ounty, <br /> N. DE) ULT: <br /> 1. It is expressly ap <br /> ,,reed and understood that the CHDO's designation as as CHDO shall <br /> become null and void, at the County's option, in the event the CHDO falls, to meet one <br /> or iTi(,-,)r(, of"the criteria bor CI IDO designation and/or fails to develop, sponsor, of own <br /> one or more housitig proJects as provided in 24 CFR Part 92. <br /> 2. Thc COUDtY shall notify the CHDO in wtitiiig of any such deflault under this <br /> Agreement. <br /> 3. The CHDO shall have sixty (60) days after receipt ofthe written notice of default <br /> Withiri which to cure such a defatilt. <br /> 5, <br />