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Exhibit A <br /> (Program and Project Description) <br /> PROGRAM/PROJECT DESCRIPTION & REQUIREMENTS <br /> 1 . Project Description and Eligible 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 $98,597.00 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 606 Hilton Street and 508 Pine Street, Redwood City, California ("Project" or <br /> "Property"). HHDC shall use the funds provided hereunder for the advancement of <br /> programs that 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 Project includes two single family dwellings, 606 Hilton consisting of six (6) <br /> bedrooms and 508 Pine consisting of six (6) bedrooms, each used as affordable shared <br /> rental housing . <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 /> Kitchen rehabilitation (includes appliances) $70,000 <br /> Bathroom rehabilitation 15, 000 <br /> Fence Repair 2,500 <br /> , Floor Replacement 15,000 <br /> Energy Efficiency Improvements 7,500 <br /> Interior Paint 7,500 <br /> Garage door replacement 4,000 <br /> Total construction contract/s 121 ,500 <br /> 2. CHDO Project — 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 /> 3. Form of HOME CHDO Subsidy - The HOME financial assistance from the City as <br /> provided under this Agreement shall be evidenced by a Promissory Note in favor of the <br /> City, in the form attached hereto as Exhibit "C" (the "Promissory Note") and secured by <br /> a deed of trust on the Property (the "Deed of Trust"), in the form attached hereto as <br /> REV: 06-28-16 VR <br /> Page 16 of 37 <br /> ATTY/AGR.2016.169/HHDC Pine-Middlefield Rehabilitation <br />