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9 <br /> Part VII. Time of Performance <br /> (a) The Member shall begin performance of this Agreement on the 1"day of July,2017 and shall complete <br /> performance no later than June 30,2020. <br /> (b) The Agency has approved a set-aside of up to $175,000 of ESFRLP funds for the Member. The <br /> Member may reserve funds from this set-aside on a unit-by-unit basis in accordance with Program <br /> Guidelines (PG) 3.2.2 & 3.2.3, until December 31, 2018. Any funds from this set-aside not reserved <br /> by that date shall be De-obligated and remain in the ESFRLP pool for reallocation to those Members <br /> seeking funding for additional units. <br /> (c) Funds for additional units may be reserved from the ESFRLP pool, depending on availability, on a <br /> unit-by-unit,first come,first served basis in accordance with PG 3.2 up until December 31,2019. Any <br /> funds,not committed under contract(pursuant to Section 3.12 of the Program Guidelines)to a unit as <br /> of December 31, 2019,must be withdrawn from deposit and returned to the Agency; or, de-obligated <br /> from the Member's IBIS master account. All units must be completed and closed out by June 30, <br /> 2020. <br /> (d) De-obligation of Funds.Upon expiration of the agreement on June 30,2020,the Member must transfer <br /> to the Agency any HOME funds not under contract for a specific unit and any accounts receivable <br /> attributable to the use of HOME funds. <br /> Part VIII. Program Funding; Management of Funds <br /> Section 1: Subaward <br /> The Agency has made a Subaward to the Member in the amount identified in Part V of this Agreement. <br /> II <br /> Section 2: Use of Funds <br /> (a) ESFRLP funds shall be used to provide assistance to low-income homeowners for: the repair and <br /> rehabilitation of their principle residence; the installation of energy-efficiency measures to decrease <br /> energy use in the unit; temporary relocation of households to standard housing, at reasonable cost, if <br /> in accordance with an Agency-approved written relocation policy;and lead-based paint evaluation and <br /> remediation. ESFRLP funds shall pay for eligible hard and soft costs associated with housing <br /> rehabilitation of single-family owner-occupied dwelling units; making the units safe, decent and <br /> sanitary. ESFRLP assistance shall be in the form of a loan to the homeowner,which covers the eligible <br /> hard costs associated with the rehabilitation of the unit. ESFRLP assistance used to pay eligible soft <br /> costs associated with the rehabilitation of the unit shall be in the form of a grant to the homeowner. In <br /> order to ensure each Member is conveying certain HOME Program requirements to the eligible <br /> homeowners, the Member must use the Agency-provided loan documents listed in the ESFRLP17 <br /> Program Guidelines.Failure to do so shall constitute a material breach of this Agreement. <br /> (b) The Member must identify eligible units in accordance with the ESFRLP Program Guidelines. The <br /> budget for each unit assisted can be found on the Settlement Data Sheet which is referenced at PG <br /> 2.3.2 and is a part of the unit workbook. <br /> (c) The Member must repay the Agency for any costs deemed ineligible by the Agency in the Agency's <br /> sole discretion. The Member must also repay the Agency for any expended funds for units that do not <br /> meet the ownership and property requirements as stated in PG 4.1.3 & 4.1.4 (24CFR92.254(b)), <br /> "Qualification as affordable housing: homeownership". Any funds repaid to the Agency shall be <br /> subject to imputed interest. <br /> Page 4 of 16 <br />