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Funding Approval and HOME Investment Partnerships Agreement Title Il of the National Affordable Housing Act U.S. Department of Housing and Urban Development Office of Community Planning and Development OMB Approvel No. 2506-0171 (Exp. 03131/2005) Public reporting burden for this collection of information is estimated to average I hour per response, including the time for reviewing instructions, searching existing data sourCeS, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless that collection disptays a valid OMB control number. The HOME statute imposes a significant number of data collection and reporting requirements. This includes information on assisfed properties, on the owners or tenants of the properties, and on other programmatic areas. The information will be used: 1) to assist HOME participants in managing their programs; 2) to track performance of participants in meeting fund commitmenl and expenditure deadlines; 3) to permit HUD to determine whether each participant meets the HOME statutory income targeting and aflordability requirements; and 4) 1o permit HUD to determine compliance with other slalutory and regulatory program requirements. This data collection is authorized under Title 11 of the Crsnston-Gonzalez National Affordable Housing Act or relaled aulhorities. Access to Federal grsnt funds is contingent on fha reporting et certain project-specific data dements. Records of information collected will be maintained by the recipienls of the assistance, information on activities and expenditures el grant funds is public information and is generally available for disclosure. Recipients are responsible for ensuring confidentiality when )ublic disclosure is not required. 1. Participant Name and Address 2. Participant Number City of Riverside 3900 Main Street Riverside, CA 90062 M-03-MC-06-0529 3. Tax Identification Number 956000769 4. Appropriation Number 86 X 0205 HMC 5. FY (yyyy) 2003 6. Previous Obligation (Enter "0"' for initial FY allocation) a. Formula Funds b. Community Housing Development Orb. (CHDO) Competitive 7, Current Transaction (+ or-) Formula Funds -O- 1,792,125 $ 1,792,125 · '' 1. CHDO (For deobligations only) 2. Non- CHDO (For deobligations only) b. CHDO Competitive Reallocation or Deobligation 8, Revised Obligation -0- a. Formula Funds $ b. CHDO Competitive Reallocation $ 9. Special Conditions (check applicable box) T10, Date of Obligation (Congressional Release Date) IR Notapplicable [-I Attached /(mm/dd/yyyy) JUL - 7 2003 This Agreement between the Department of Housing and Urban Development (HUD) and the Participating Jurisdiction/Entity is made pursuant to the authority of the HOME Investment Partnerships Act (42 U.S.C. 12701 et seq.). The Participating Jurisdiction's /Entity's approved Consolidated Plan submission/Application and the HUD regulations at 24 CFR Part 92 (as now in effect and as may be amended from time to time) and this HOME Investment Partnership Agreement, form HUD-40093, including any special conditions, constitute part of this Agreement. Subject to the provisions of this Agreement, HUD will make the funds for the Fiscal Year specified, available to the Participating Jurisdiction/Entity upon execution of this Agreement by the parties. All funds for the specified Fiscal Year provided by HUD by formula reallocation are covered by this Agreement upon execution of an amendment by HUD, without the Participating Jurisdiction's execution of the amendment or other consent. HUD's payment of funds under this Agreement is subject to the Participating Jurisdiction's/Entity's compliance with HUD's electronic funds transfer and information reporting procedures issued pursuant to 24 CFR 92.502. To the extent authorized by HUD regulations at 24 CFR Part 92, HUD may, by its execution of an amendment, deobligate funds previously awarded to the Participating Jurisdiction/Entity without the Participating Jurisdiction's/Entity's execution of the amendment or other consent. The Participating Jurisdiction/Entity agrees that funds invested in affordable housing under 24 CFR Part 92 are repayable when the housing no longer qualifies as affordable housing. Repayment shall be made as specified in 24 CFR Part 92. The Participating Jurisdiction agrees to assume all of the responsibility for environmenlal review, decision making, and actions, as specified and required in regulation at 24 CFR 92.352 and 24 CFR Part 58. 11. For the U.S. Department of HUD (Name and Title of Authorized~ 1 2. Signature 13. Date Robert G. Ilumin, Acting Director, Office of CPD ~' ..--~..~.~ ~' .~t'"" t-' ~ -'~ ]"'"' ~'~}3'gl 14. For the Participating Jurisdiction/Entity (Name and Title of Authorized r 1 ~u~ /J ~- 16. Date Officia,) City Manager I/~/~/~ //~ August 1, 2003 George A. Caravalho. ~t,~/~ rZ~/ E~[~X;~ 17. Check one: ' / /(' ....... ~lnitial Agreement ~endment g ........... Page 1 of 3 ' orm HUD-40093 (0212003)