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PERFORMANCE STATEMENT Contractor shall use rental rehabilitation funds to help support the rehabilitation of privately owned real property to be used for primarily residential rental purposes in order to help provide affordable, standard housing for lower income families and to increase the availability of housing units for the use of voucher and certificate = holders under Section 8.of the United States Housing Act of 1937. Contractor shall carry out eligible rehabilitation activities under the Texas Rental Rehabilitation Program ( "TRRP ") in a manner which shall comply with the requirements of this contract, including this Exhibit A. Section I. REHABILITATION OF PRIVATE PROPERTY Contractor.shall rehabilitate substandard rental units by providing rental rehabilitation funds,to each Owner for the project specified in Owner's rental rehabilitation program application. The amount of.rental rehabilitation funds for any project shall not exceed $8,500 based on a sliding scale depending on the number of bedrooms in each unit, and shall not exceed 509 of the total cost of eligible rehabilitation costs With-respect to the project unless. 'Contractor applies for, and Department approves*in writing, a higher amount for a project. The minimum level of rehabilitation of projects to be required fdr participation in the• rental• '` rehabil "itat-i*bn'•program'shall"hot be Jess than .an average of $600 per dwelling unit per project for eligible rehabilitation costs. For purposes of this contract, including this Exhibit-A, "Owner" means one or more individuals, corporations, partnerships, or other legal entities that hold valid legal title to the property to be rehabilitated. Section II. LOWER INCOME BENEFIT At least 70% of the amount of rental rehabilitation funds provided under this contract shall be used for the benefit of lower income families. For purposes of this Section II, benefit for lower income families will-be considered to occur only where dwelling units in projects rehabilitated with rental rehabilitation funds are initially occupied by such families after rehabilitation. "Lower income family" means a -lower income family, as defined in 24 CFR 813.102. Section III. PRIMARILY RESIDENTIAL RENTAL USE Rental rehabilitation funds shall only be used to rehabilitate projects to be used for primarily residential rental uses: For purposes of this Section III, a project is used for primarily residential rental purposes if at least 51% of the rentable floor space of the project is used for residential rental purposes after rehabilitation, except that in the.case'of a two -unit building, -at least 50% of the rentable floor space after rehabilitation must be used for residential rental purposes. Section IV. CORRECTION OF SUBSTANDARD CONDITIONS Rental rehabilitation funds shall only be used to rehabilitate projects PAGE 1 OF 4