O-2002-2599 - Laserfiche WebLink

Browse Search

0 • The Subrecipient apees that they may re.:uest reimbursement for overhead costs to provide :he home*,-,uyer counseling and education and loan administration, only ifthe homebuyer co-tpletes the following steps: 1. Homebuyer completes homebuyer co:iseling and education; and Homebuyer completes the process of-urchasing the home. If the homebuyer fails to close on the-ome after successfully completing the homebuyer counse'.:.ng and education. he reimbursement of overhead costs associated :vith providing such a service will not be approved. Subrecipient agrees to submit a copy )f the following documents for each homebuyer for reimbursement of ove Lead costs associated with providing homebuyer counseling and education and :oan administration: 1. Copy of certificate indicating the r. me of the homebuyer(s) and date of completion. =. Copy e. all closing documents from -:tle Company (i.e. settlement statement, etc). in additioi Subrecipient agrees that the failure to submit the above-mentioned uocumentanon for each homebuyer wiL reimbursement requests for overhead costs associated wig providing homebuyer counseling and education and loan administra on will result in the Subrecip:ent not receiving reimbursement for the associated costs. Acti%-in• T2 Subrecipient will q-.:alif}' and close at legit one to two homebuyers per month. Subrecipient will sL:mit a quarterly prog•-:ss report summarizing all activities that occurred curing the quarter. Subrecipient will provide up to $22,145.45 in ; ownpay,:.ent and c:.sins cost assistance :o qualified homebuyers. Subrecipie-t will dc:ument household c=_racteristics and project information for ail qualifi:_ homeb_ ers. All client info --ration must be in a format approved by OHED arc compar _;le to the :nformatio- -equested on the HUD Homeownership assistance Project Set -Up and Project =ompletion Reports (Exhibit F). This :nformatic- must b- submitter: beginnin; with the first month's programmatic :nformatic- and reimbursement request. :n additic-. the Subrecipient agrees :o assist the Grantee in providing -ocumenta:ion for --"e completion of an _nvironmental review record (ERR) for each horrebuver. -he ERR must be _n a format approved by OHED and :omparab:e to the M—brrrration requested : n the Environmental Review Checklist Exhibit G This -formation is provided to assist the Grantee in completing ERR's for each clien : receiving assistance.