2009-034-RES-Homebuyers Assistance Program

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I~7 addition to the i11u11ber oi assisted honlebL~yzrs that ha~~e incomes les~s tlasisisted homebuyers and 50% of tlle AI~2FI as required abo~~e, ZERO (0) of tlle T~~'~ENT1 (-0) shall ha~-e incomes that are less than or equal to slxty percent (60;0) of theA1~~1FI, as deiii~ed by HUD. In addition to t11e ntllnber of assisted homebuyers that have incomes less than or equal to 30%, 50% a11d60°% of the AMFI as required above, TWENTY (20) of the TWENTY (20) assisted homebuyers sllall have incomes that are less than or equal to ei-hty percent (80%) of the AMFI, as defined by HUD. Administrator may use the funds provided under this contract to provide assistance to additional homebuyers once the ininimum of TWENTY (20) have been assisted provided that the additional homebuyers' incomes are less than or equal to eighty percent (80%) of the AMFI, as defined by HUD, and all other requirements are met. Stnand Each unit must, at a minimum, meet or exceed the Texas MinamWell as Constr-uction odas (TMCS) or Colonia Housmg Standards, if located in a Colonia, and zoning ordinances. For construction of single family affordable housing, Administrator must exas also ensure compliance with the universal design features establish §2306 of the Texas Government Code, the energy efficiency standards established by § Government Code, energy standards as verified by- RESCHECK certification, and the International Residential Codes, as required by Subchapter 6, Chapter 214, of the Local Government Code. , _ - - Administrator is limited to serving homebuyers who certify the assisted unit will be their primary residence, is located in the rural area of the City of Paris, Lamar County, Texas, in Uniform State Service region Number Four ~(4), andlierwise approvedtby the Depapmen pating jurisdiction, as defined in 24 C.F.R. §9~.105, u less ot MATCH Administrator will provide match funds in the total amount of Fourteen Thousand and No/100 Dollars ($14,000.00), as specified in its HOME Application, or other eligible match as approved by Department. Match funds must be reported on a pro-rata basis based on disbursements. Support documentation evidencing the match contnbution must be submitted by Admimstrator upon request for disbursernenti of funds for each project assisted, in aceordance with 24 C.F.R. Part 92, the Department's HOME Rule, IIOME Proaram Match Guide, CPD Notiee 97-03 HOME Match Guidance and HOME Program Manual. HOfv1E Contract r I OOU9 ~0 Pa,-, e 18 of 21