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Exhibit A <br /> (Program and Project Description) <br /> PROGRAM/PROJECT DESCRIPTION & REQUIREMENTS <br /> 1. Proiect Descriation and Eli4ible Costs: Funds hereunder are provided pursuant to <br /> 24 CFR 92, regulations covering the use of HOME funds for eligible CHDO activities. <br /> HOME CHDO funds of $103,600.00 provided under this Agreement shall be used to <br /> assist in eligible costs to complete the rehabilitation of rental housing on property <br /> located at 1505-1509 Oxford Street, Redwood City, California ("Project" or "Property"). <br /> HHDC shall use the funds provided hereunder for the advancement of programs that <br /> provide affordable housing to very low-income residents of the City. <br /> The HOME-assisted rental housing Property rehabilitated with the HOME funds <br /> provided under this Agreement will meet all applicable state and local codes, local <br /> rehabilitation standards and ordinances, and accessibility requirements of the Fair <br /> Housing Act and Section 504 of the Rehabilitation Act of 1973. Contractor must <br /> maintain Property in accordance with property standards throughout the affordability <br /> period., in addition to all other applicable laws, ordinances, rules and regulations of <br /> federal, state, county or municipal governments or agencies now in force or that may be <br /> enacted hereafter that govern the construction. <br /> The table below summarizes the unit breakdown of the completed Project, including the <br /> distribution and number of HOME-assisted units: <br /> Three (3) Proposed Rents for HOME- <br /> # Bedrooms/Unit Total # Units HOME-Assisted �sisted Units (Utilities paid by <br /> Units tenant) <br /> Low/Hi h HOME Rents <br /> 2 3 3 $1,318/ $1,693 <br /> Total 3 3 <br /> The table below is a summary of the scope of property rehabilitation and the estimated <br /> Project budget. Funds for this Project in addition to the City HOME assistance are <br /> provided by the Contractor and changes to the scope and budget are subject to prior <br /> approval by the City: <br /> Construction Contract Items $ Amount <br /> Window and atio door re lacement 29,147 <br /> Exterior Paint 5,100 <br /> Fence Re lacement 7,300 <br /> Roof Re lacement 42,250 <br /> Kitchen and bath rehabilitation — Unit 1509 23,705 <br /> Total construction contracUs 107,502 <br /> 2. CHDO Proiect — Contractor is a certified CHDO per HOME 24 CFR 92.300 and <br /> 92.301. All funds provided through this Agreement are treated as CHDO funds. <br /> ATTY/AGR/2015.165/HHDC Oxford Apts Rehabilitation <br /> REV:08-13-15 RL <br /> Page 16 of 35 <br />