Agmt10 Cedar Street Apartments, Inc.

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EXHIBIT A PROGRAM SERVICES A. ACTIVITIES 1. Assignment and Transfer of Agreement: Notwithstanding Paragraph 7 herein, this Agreement may be assigned by CHDO on behalf of very low- income households (hereinafter called "Beneficiary" or "Beneficiaries ") provided that very low income "Beneficiaries" shall assume all rights and obligations of the CHDO hereunder, in form and content satisfactory to the City. Further, CHDO agrees funds hereunder are provided pursuant to 24CFR92, regulations covering the use of HOME funds for eligible community housing development organizations. 2. Eligible Activities: With funds provided under this Agreement, CHDO shall complete development of Fifteen (15) units of supportive housing, of which Seven (7) will be HOME - assisted units as stated in the Budget and Contract Objectives, on property located at 104 Cedar Street, Redwood City, California. CHDO shall use the funds provided hereunder for the advancement of programs which provide affordable housing and supportive services to very low income residents of the City. CHDO shall coordinate its activities with similar programs conducted by the City or with other countywide organizations which provide housing and supportive services to Redwood City residents, CHDO shall collaborate with similar programs in order to maximize these programs and services, and the City's financial resources which are available to very low- income residents. Budget Line Item HOME Total Soft Costs: Architectural & $25,000 $25,000 Engineering Fees Capacity Building: Environmental, $75,000 $75,000 Financial, legal & Development Consultants Construction $89,744.68 89,744.68 Construction Mgt. Fees -0- $ -0- SubTotal CHDO Setaside $ 189,744.68 $ 189,744.68 Operating Expenses: Salaries & $50,000 $ 50,000.00 Fringes Contract amount disbursed to date: $67,858.35 This Contract Amount $171,886.33 Total Costs $239,744.68 ATTY /AGR/2010.064 10 072910