Agmt24 Habitat for Humanity Greater San Francisco, Inc.

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REV: 08-23-24 LF 5. PAYMENTS. A. Program Income. Subrecipient will report all program income (as defined at 24 CFR Section 570.500(a)) (“Program Income”) generated by activities carried out with CDBG funds made available under this Agreement. Any Program Income received by Subrecipient during the term of this Agreement shall be promptly remitted to the City. B. Payment Procedures. Subrecipient will keep detailed and accurate records of all expenditures made and expenses incurred which are funded under this Agreement. Payments of funds allocated pursuant to Paragraph 1 will be made to Subrecipient on a reimbursement basis as follows: (i) Subrecipient will submit requests for payment electronically to the website specified by City's CDBG/HOME Program on a quarterly basis, by the 15th day of the months October, January, April and July; (ii) all requests for payment will be accompanied by copies of original receipts or other proofs of expenditures; and (iii) the final payment request must be submitted and received by City no later than July 15, 2026. 6. STANDARD OF SERVICE. Subrecipient warrants to City that it will use and account for all funds provided hereunder strictly in accordance with standards governing the use of, and accountability for, funds held and disbursed in trust. The Project will conform to the highest standards provided for projects of similar or like nature in the San Francisco Bay Area, as determined by City's Housing Leadership Manager. Subrecipient will be responsible for, and hold City harmless from, any failure to adhere to such standards. Subrecipient will verify that all activities funded hereunder benefit only residents within City's corporate limits. 7. QUARTERLY REPORTS. Subrecipient will submit quarterly progress reports to City describing the activities funded under this Agreement to document Subrecipient's success in meeting the Project objectives referenced in Exhibit A. The reports will be submitted electronically to the website specified by City's CDBG/HOME Program on a quarterly basis by the 15th day of October, January, April and July during the term of this Agreement. The final report will be submitted no later than July 15, 2026. If Subrecipient ATTY/AGR.2024.147/Habitat for Humanity Greater San Francisco Bay Area (Habitat for Humanity - Home Rehabilitation Program) (Page 3 of 24)