O-2002-2599 - Laserfiche WebLink

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0 • AGREEMENT BETWEEN HARRIS COUNTY AND THE CITY OF LA PORTE FOR DO«`NPAYMENT AND CLOSING COST ASSISTANCE PROGRAM THIS Agreement is made and entered into by and between Harris County, a body, politic and corporate under the laws of the State of Texas, herein called the "Grantee" and the City of La Porte. a Texas body politic and corporate under the laws of the State of Texas, herein called the "Subrecipient." WHEREAS, the Grantee has applied for and received funds from the United States Government under the Home Investment Partnerships (HOME) Program, application number M -02 -UC -48- 0215; 2002-047; WHEREAS, the primary purpose of the HOME program pursuant to the National Affordable Housing Act of 1990 (NAHA) and 24 C.F.R. Part 92, is to benefit low and very -low income citizens by providing them with affordable housing; WHEREAS, the Grantee and the Subrecipient desire to enter into an agreement whereby the Grantee will grant funds to Subrecipient for the purpose of a Homebuyers Assistance Program for the benefit of low income residents to purchase homes, which is an eligible activity under the rules and regulations regarding HOME Program grant funds, in accordance with the terms and conditions described herein; and WHEREAS, the Subrecipient shall insure recognition of the role of the Grantee Department in providing services through this contract. All activities, facilities, and items utilized pursuant to this contract shall be prominently labeled as to funding source. In addition, the Subrecipient will include reference to the Office of Housing and Economic Development "OHED" for the support provided herein in all publications made possible with funds made available under this agreement. NO%V. THEREFORE, in consideration of the mutual covenants and agreements herein contained. it is agreed between the parties hereto that: SCOPE OF ACTIVITIES Subrecipient agrees to provide the activities described in Exhibit A, attached hereto and incorporated herein for all purposes, in accordance with the provisions of this Agreement and in compliance with the requirements of Title 1 of the Housing and Community Development Act of 1974 and all regulations issued thereunder. -k. Eheible Activity The Subrecipient agrees to maintain documentation that demonstrates that the activities carried out with funds provided under this Agreement meet the following eligible activity relating to the HOME Program at 24 C.F.R. § 92.205(a)(1) which states that funds may be used by a participating jurisdiction to provide for downpayment and closing costs