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REV: 10-10-25 LF <br />FUNDING AGREEMENT <br />FOR HUMAN SERVICES FINANCIAL ASSISTANCE PROGRAM <br />BETWEEN THE CITY OF REDWOOD CITY AND <br />Human Investment Project, Inc. dba HIP Housing <br />THIS AGREEMENT for Human Services Financial Assistance Program <br />(“Agreement”), made and entered into as of ____________________, 2025, by and <br />between the CITY OF REDWOOD CITY, a charter city and municipal corporation of the <br />State of California (“City”), and Human Investment Project, Inc. dba HIP Housing, a <br />California nonprofit corporation., (“Recipient”). Collectively, the City and Recipient will be <br />referred to as the “Parties.” <br />RECITALS <br />A. WHEREAS, Recipient provides affordable housing programs (“Program”); <br />and <br />B. WHEREAS, Recipient has requested financial assistance to conduct the <br />Program for residents of Redwood City during the fiscal year commencing July 1, 2025, <br />and ending June 30, 2026; and <br />C. WHEREAS, City has reviewed the request and desires to allocate to <br />Recipient the sum Ten Thousand Dollars ($10,000). <br />NOW, THEREFORE, the Parties hereby agree as follows: <br />1. FINANCIAL ASSISTANCE. City shall allocate to Recipient the sum of Ten <br />Thousand Dollars ($10,000) for exclusive use by Recipient during the fiscal year <br />commencing July 1, 2025, and ending June 30, 2026, to be used by Recipient solely for <br />the purposes described in Section 2. <br />2. USE OF FUNDS. Recipient shall use the funds provided pursuant to Section 1 <br />solely for the Program purposes described in Exhibit “A” (Program Objectives) attached <br />hereto and by this reference incorporated herein. <br />3. CHANGES TO PROGRAM. No changes in the Program as described in Exhibit <br />“A” to this Agreement shall be made without the prior written consent of City Manager. <br />4. PAYMENTS. Recipient will keep detailed and accurate records of all expenditures <br />made and expenses incurred which are funded under this Agreement. Payments of funds <br />allocated pursuant to Section 1 shall be made to Recipient within thirty (30) calendar days <br />after this Agreement is fully signed and executed. <br />5. STANDARD OF SERVICE. Recipient warrants to the City that the Program will be <br />performed to the highest standards provided for programs of a similar or like nature in the <br />San Francisco Bay Area, as determined by City’s Human Services Manager. Without <br />ATTY/AGR.2025.275/Affordable Housing Programs (Page 1 of 10) <br />November 14