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<br />TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS <br /> <br />EXHIBIT A <br /> <br />PERFORMANCE STATEMENT <br /> <br />CITY OF PARIS <br /> <br />Administrator shall carry out the following activities identified in its 2000 HOME Program Application: <br /> <br />OWNER OCCUPIED HOUSING ASSISTANCE PROGRAM <br /> <br />Administrator shall implement an Owner Occupied Housing Assistance Program in accordance with 24 CFR Part <br />92. Administrator shall submit to the Department, Program Policies and Procedures for Departmental approval <br />prior to utilizing funds for this activity. <br /> <br />Administrator, at its sole discretion, shall use forgivable loans, repayable loans, and/or grants to assist a <br />minimum of FIFTEEN (15) homeowners. <br /> <br />All FIFTEEN (15) of the households assisted will have incomes not exceeding fifty (50%) of the Area Median <br />Income, as defined by HUD. <br /> <br />Each unit must, at a minimum, meet the Texas Minimum New and Rehabilitation Standards or the Colonias <br />Housing Standards if located in a Colonia Area(s) as determined by the Department. <br /> <br />MATCH <br /> <br />Administrator will provide match funds in the amount of FORTY-SEVEN THOUSAND and No/100 Dollars <br />($47,000.00) in the form of a cash contribution, ONE THOUSAND THREE HUNDRED AND SIXTY and <br />No/IOO Dollars ($1,360.00), in the form of waived permit fees, as specified in your HOME Application. <br /> <br />ADMINISTRATION <br /> <br />Administrator may expend reasonable administrative and planning costs incurred directly as it relates to this <br />Contract, pursuant to 24 C.F.R 207 and 92.505, in an amount of HOME funds that is not more than four percent <br />(4%) or FIFTEEN THOUSAND and no/100 Dollars ($15,000.00), in addition to the THREE HUNDRED <br />SEVENTY-FIVE THOUSAND and no/100 Dollars ($375,000.00) Project Award. Administrator may not <br />request disbursement of funds under this Contract until the funds are needed for actual payment of eligible costs. <br />The amount of each request must be limited to the amount needed to pay expenditures actually incurred to date. <br />Administrator further agrees (1) that all uniform administrative requirements ofOMB Circular A-87 and 24 CFR <br />85 will be complied with; (2) that records and reports must be maintained or submitted to assist the jurisdiction <br />in meeting its recordkeeping and reporting requirements; (3) not to request disbursement of funds until the funds <br />are needed for payment of eligible costs; and (4) each request must be limited to the amount needed pursuant to <br />24 eFR 92.504. <br /> <br />530395CityofParis.doc <br />Page 12 of 16 <br />