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09-09-22
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09-09-22
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9/23/2022 1:21:53 AM
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City Meetings
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City Council
Meeting Doc Type
Agenda Packet
Date
9/12/2022
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DocuSign Envelope ID: 348BB866-CFC7-422D-BFB7-863533B13759 <br />Attachment E <br />GLO Contract No. 22-119-004-D374 <br />Page 4 of 5 <br />Debris Management Guide regarding the use of TDSR sites. This document may be obtained at <br />https://www.fema.gov/pdf/government/grant/pa/demagde.pdf. <br />In order to maintain the life expectancy of landfills, Subrecipients disposing of woody and/or <br />vegetative debris must choose burning, chipping, or grinding as the method of disposal. Any project <br />disposing of woody and/or vegetative debris must be approved in writing by the GLO. <br />L. USE OF BONDS <br />Subrecipient must notify the GLO of its issuance and sale of bonds for completion of the project <br />funded under this Contract. <br />M. PROGRAM GUIDELINES <br />Prior to the selection of program beneficiaries, Subrecipient shall provide to the GLO, for GLO <br />review and approval, a copy of its proposed guidelines for the program. The guidelines must meet or <br />exceed to requirements in the Federal Registers. The guidelines must include provisions for <br />compliance with the Federal Fire Prevention and Control Act of 1974 (which requires that any <br />housing unit rehabilitated with grant funds be protected by a hard -wired or battery -operated smoke <br />detector) and provisions for compliance with 24 CFR 35 (HUD lead -based paint regulation). <br />N. AFFORDABILITY PERIODS FOR SINGLE-FAMILY HOUSING REHABILITATION, <br />RECONSTRUCTION, OR NEW CONSTRUCTION ASSISTANCE <br />For single-family non -rental housing assistance provided by Subrecipient, Subrecipient shall <br />implement a minimum* three-year affordability period during which the homeowner must occupy the <br />home as a principal place of residence, guaranteed by an unsecured forgivable promissory note. <br />O. UNSECURED FORGIVABLE PROMISSORY NOTE ("NOTE") <br />Housing rehabilitation or reconstruction assistance provided by Subrecipient shall be in the form of a <br />three-year unsecured forgivable promissory note at an interest rate of zero -percent (0%). Provided <br />that all terms and conditions contained in the Note continue to be fulfilled, a Note will be forgiven <br />according to the following terms, as applicable, until the applicant fulfills their note requirement (the <br />requirements are defined in the promissory note document): at a rate of 33 percent per year for the <br />first two years, and 34 percent after the third year. <br />If the homeowner occupies the home for the full three-year term, the Note expires and no <br />repayment is required, nor will any conditions be imposed relative to the disposition of the <br />property. If any of the terms and conditions under which the assistance was provided are breached <br />or if the property is sold, leased, transferred or vacated by the homeowner for any consecutive <br />thirty (30) day period during the Note term, the repayment provisions of the Note shall be <br />enforced. <br />If, during the Note term, the homeowner vacates the unit for any consecutive thirty (30) day <br />period, the locality may forgive, as evidenced by the program director, city council, or <br />commissioner court action, the remaining loan balance. Prior to forgiveness of all or any portion <br />of the assistance provided, the request for forgiveness must be approved by the local governing <br />body and be based on documented and justifiable conditions or circumstances that would result in <br />an unnecessary hardship to the homeowner and, in the case of a limited clientele project, the <br />determination that the national objective of benefiting low to moderate -income persons was met. <br />3. For a limited clientele project, the national objective will be considered met only when the <br />program director, city council, or county commissioners court determines that a low- to <br />. Subrecipient may establish a longer affordability period at its own discretion. <br />
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