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TEX.4S DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS <br />HOME CONTRACT # 1001053 <br />EXHIBIT A <br />PERFORMANCE STA'TEMENT AND BUDGET <br />CITY OF PARIS, <br />A POLITICAL SUBDIVISION OI' THE STATE OF TEXAS <br />Administrator shall carry out the following activities identified by this Exhibit A and in its <br />HOME Program Application Number 2008-0102. <br />OWNER OCCUPIED HOUSING ASSISTANCE PROGRAM <br />Administrator shall implement an Owner Occupied Housing Assistance Program in accordance <br />with 24 C.F.R. Part 92 and the applicable Texas statutes and the State HOME Program Rule at <br />10 TAC Chapter 53 (the "2009 HOME Rules") adopted November 13, 2008, utilizing THREE <br />HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($375,000.00), in <br />project funds and FIFTEEN THOUSAND AND NO/100 DOLLARS ($15,000.00), in <br />administrative funds. <br />Administrator shall use the funds provided under this contract to provide assistance to <br />reconstruct or rehabilitate a minimum of FIVE (5) houses each of which must be the principal <br />residence of the eligible homeowner assisted. Performance under the Contract term will be <br />based on the following benchmarks from the Contract begin date: <br />1. 6 months, exempt administrative and broad review environmental clearance must be <br />complete, and if not tiering, the first Household to be assisted must be environmentally <br />cleared; <br />2. 8 months, Authority to Use Grant Funds must be fully executed and all Households to <br />be assisted must be environmentally cleared; <br />3. 12 months, 100% of funds must be committed to Households to be assisted; <br />4. 18 months, 100% of household's Loans must be closed, if applicable; <br />5. 22 months, 100% of construction must be complete for all Households to be assisted; <br />and, <br />6. 24 months, 100% funds drawn and 100% of match requirement supplied. <br />Administrator shall provide HOME Owner Occupied Housing Assistance in the form of a lst, <br />''na or 3rd lien loan. The maximum amount of assistance is the total of construction costs and soft <br />costs provided to an eli~ible household, the total construction costs are limited to: <br />ATTACHMF,NT A <br />HOME Contract # 100 ] 053 <br />Page 17 of 21 <br />