Agmt13 Mental Health Association of San Mateo Co. (MHA)

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__ _ _ _ __ __ Exhibit A (Program and Project Description) PROGRAM/PROJECT DESCRIPTION & REQUIREMENTS 1. Proiect Description and Eligible Costs: Funds hereunder are provided pursuant to Section 570.201 of the Code of Federal Regulations for the Community Development Block Grant Program (CDBG) Program. CDBG funds of $400,000.00 provided under this Agreement shall be used to assist in the acquisition of a site located at 105 5tn Avenue, Redwood City, California ("ProjecY' or "Property").to construct affordable permanent supportive rental housing for adults with disabilities. MHA shall use the funds provided hereunder for the advancement of programs that provide affordable housing to very low-income special needs residents of the City. The rental housing that will be constructed on the site acquired with the assistance of CDBG funds provided under this Agreement will meet all applicable state and local codes, ordinances and housing standards. Contractor must maintain Property in accordance with property standards throughout the affordability period in addition to all other applicable laws, ordinances, rules and regulations of federal, state, county or municipal governments or agencies now in force or that may be enacted hereafter that govern the Project. The Project is a site acquisition for the purpose of development of permanent supportive rental housing. The developer anticipates the development will include approximately 16 rental units and estimates the initial occupancy will be in May, 2016. A total of 8 units will be subject to CDBG income, rent and occupancy requirements. The table below is the estimated Project acquisition budget. Funds for this Project in addition to the City CDBG assistance are provided by the Contractor and HEART and changes to the budget are subject to approval by the City: Total Site Acquisition Cost: $1,200,000 Sources: Housing Endowment and Regional $700,000 Trust of San Mateo County HEART Redwood Cit - CDBG $400,000 MHA $100,000 2. Use: Contractor shall use the Property exclusively for permanent supportive �ental housing for adults with disabilities. If contractor discontinues this stated use at the subject Property, or uses the Property or any portion thereof, for purposes other than what has been described in the this Paragraph without first obtaining the prior written consent of the City, Contractor shall be in default of this Agreement and agrees to pay the City, upon demand, the full amount of the CDBG funds provided to assist in the acquisition of the property, provided however Contractor shall have thirty (30) days to cure the default after receipt of a notice of default is provided in writing by the City. The restrictions imposed upon the Property as set forth in this paragraph shall remain in full ATfY/AGR/2013.116/MHA FUNDING AGREEMENT REV:07-12-13 VR Page 16 of 32