Laserfiche WebLink
<br />EXHIBIT A <br />PERFORMANCE STATEMENT <br /> <br />Contractor shall use rental rehabilitation funds to help support the <br />rehabilitation of privately owned real property to be used for primarily <br />residential rental purposes in order to help provide affordable, standard <br />housing for lower income families and to increase the availability of housing <br />units for the use of voucher and certificate. holders under Section 8 of the <br />United States Housing Act of 1937. Contractor shall carry out eligible <br />rehabilitation activities under the Texas Rental Rehabilitation Program <br />("TRRP") in a manner which shall comply with the requirements of this <br />contract, including this Exhibit A. <br /> <br />Sect ion 1. <br /> <br />REHABILITATION OF PRIVATE PROPERTY <br /> <br />Contractor shall rehabilitate substandard rental units by providing rental <br />rehabilitation funds to each Owner for the project specified in Owner's rental <br />rehabilitation program application. The amount of rental rehabilitation funds <br />for any project shall not exceed $8,500 based on a sliding scale depending on <br />the number of bedrooms in each unit, and shall not exceed 50% of the total <br />cost of eligible rehabilitation costs with respect to the project unless <br />Contractor applies for, and Department approves in writing, a higher amount <br />for a project. The minimum level of rehabilitation of projects to be required <br />for participation in the rental 'rehabili tatl on' program shall not be less than <br />an average of $600 per dwelling unit per project for eligible rehabilitation <br />costs. For purposes of this contract, including this Exhibit~, "Owner" means <br />one or more individuals, corporations, partnerships, or other legal entities <br />that hold valid legal title to the property to be rehabilitated. <br /> <br />Sect i on II. <br /> <br />LOWER INCOME BENEFIT <br /> <br />At least 70% of the amount of rental rehabilitation funds provided under this <br />contract shall be used for the benefit of lower income families. For purposes <br />of this Section II, benefit for lower income families will be considered to <br />occur only where dwelling units in projects rehabilitated with rental <br />rehabilitation funds are initially occupied by such families after <br />rehabilitation. "Lower income family. means a lower income family, as defined <br />in 24 CFR 813.102. <br /> <br />Section III. PRIMARILY RESIDENTIAL RENTAL USE <br /> <br />Rental rehabilitation funds shall only be used to rehabilitate projects to be <br />used for primarily residential rental uses. For purposes of this Section III, <br />a project is used for primarily residential rental purposes if at least 51% of <br />the rentable floor space of the project is used for residential rental <br />purposes after rehabilitation, except that in the case of a two-unit building, <br />at least 50% of the rentable floor space after rehabilitation must be used for <br />residential rental purposes. <br /> <br />Section IV. <br /> <br />CORRECTION OF SUBSTANDARD CONDITIONS <br /> <br />Rental rehabilitation funds shall only be used to rehabilitate projects <br />PAGE 1 OF 4 <br />