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TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS HOME CONTRACT # 1001053 EXHIBIT A PERFORMANCE STATEMENT AND BUDGFT CITY OF PARIS, A POLITICAL SUBDIVISION OF THE STATE OF TEXAS Administrator shall carry out the followin~ activities identified by this Exhibit A and in its HOME Program Application Number 2008-0102. OWNER OCCUPIED HOUSING ASSISTANCE PROGRAM Administrator shall implement an Owner Occupied Housing Assistance Program in accordance with 24 C.F.R. Part 92 and the applicable Texas statutes and the State HOME Program Rules at 10 TAC Chapter 53 (the "2008 HOME Rules") adopted December 20, 2007, utilizing THREE HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($375,000.00), in project funds and SEVEN THOUSAND FIVE HUNDRED AND NO/100 DOLLARS ($7,500.00), in administrative funds. Administrator shall use the funds provided under this contract to provide assistance to reconstruct or rehabilitate a minimum of FNE (5) houses each of which must be the principal residence of the homeowner assisted. Performance under the Contract term will be based on the following benchmarks from the Contract begin date: 1. 6 months, exempt administrative and broad review environmental clearance must be complete, and if not tiering, the first Household to be assisted must be environmentally cleared; 2. 8 months, Authority to Use Grant Funds must be fully executed and all Households to be assisted must be environmentally cleared; 3. 12 months, 100% of funds must be committed to Households to be assisted; 4. 15 months, 100% of Household's Loans must be closed, if applicable; 5. 20 months, 100% of construction must be complete for all Households to be assisted; and 6. 22 months, 100% funds drawn and 100% of match requirement supplied. Administratar shall provide HOME Owner Occupied Housing Assistance in the form of a lst, 2nd or 3rd lien loan. The total amount of assistance (including soft costs) shall not exceed: HOME Contract # 1001053 Page 16 of 21 1 `d lp - i-i