Agmt20 CDBG - Agreement Human Investmant Project - HIP- Home Sharing Program

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AGREEMENT HUMAN INVESTMENT PROJECT (HIP HOUSING) (Home Sharing Program) THIS AGREEMENT, made and entered into this 1St day of July 2020, by and between the CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California ("City") and HUMAN INVESTMENT PROJECT (HIP HOUSING), a California nonprofit organization ("Subrecipient"; collectively the "Parties") WITNESSETH: WHEREAS, the United States Department of Housing and Urban Development ("HUD") Community Development Block Grant Program ("CDBG"), authorized pursuant to Title I of the Housing and Community Development Act of 1974 (P.L. 93-383), as amended (the "Act"), provides the City with federal entitlement grant funds to finance a continuum of activities ranging from public services to economic development and the preservation and production of affordable housing; and WHEREAS, Subrecipient provides certain services through programs, including the Project described in Exhibits "A" ("Program & Quantitative Goals"), and "B" ("Program Budget"), attached hereto and made a part hereof; and WHEREAS, Subrecipient has requested financial assistance from CDBG funds in order to conduct the Project described in Exhibit A for residents of the City during the fiscal year commencing July 1, 2020, and ending June 30, 2021 (the "Fiscal Year") NOW, THEREFORE, the Parties hereby agree as follows: 1. FINANCIAL ASSISTANCE. City will allocate to Subrecipient the sum of Fifteen Thousand and No/100 Dollars ($15,000) (the "Subaward") for exclusive use by Subrecipient during the fiscal year commencing July 1, 2020, and ending June 30, 2021, solely for the purposes described in Paragraph 3. 2. FEDERAL AWARD INDENTIFICATION. In accordance with Title 2 CFR (Code of Federal Regulations) Section 200.331(a) (Requirements for Pass -Through Entities), the following notification is to designate the use of federal funds in this Subaward: REV: 08-17-2020 PR ATTY/AGR.2020.150/H U MAN INVESTMENT PROJECT (HIP HOUSING) (Page 1 of 20)