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Notwithstanding the above allowed extensions, the term of this Agreement and the provisions herein shall be extended to cover any additional time period during which Developer is responsible for NSP3 reporting or compliance measures or remains in control of NSP3 assets. III . BUDGET A. Program Budget With NSP3, there is a base grant allocation from HUD to Grantee of $ 1, 500,428. Of that $ 1,500,428 in base grant funds, Grantee hereby allocates S1,30,386 to Developer for NSP3 allowed/required housing acquisition, rehabilitation, maintenance, and re-sale activities . The remaining $ 150,042 of the $ 1, 500,428 base grant is reserved for Grantee to cover costs for administering the NSP3 grant. While the $ 150,042 is reserved for Grantee's use, it is understood that Grantee may not need all of the $ 150,042 . Therefore, a portion of these funds may become available for Developer' s acquisition, rehabilitation, maintenance, and resale activities. The specific amount of these funds available to Developer ( if any) will be determined by Grantee staff during the duration of the grant. Besides NSP3 base grant funds, a projected additional $ 1, 300,000 in N5P3 Program Income funds will be available for Grantee and Developer use through December 2015 (this date may be extended pursuant to Section II .A. of this agreement) . These Program Income funds are funds returned to the Grantee by Developer from the sale of NSP3 housing units. Per current HUD rules, Program Income must be used to continue NSP3 activities . Grantee hereby allocates up to S1.300.000 in Program Income Funds to Developer ( in addition to the $ 1, 350, 386 in base grant funds )for NSP3 allowed/required housing acquisition, rehabilitation, maintenance, and re-sale activities. These Program Income funds will be available to Developer only as the funds become available to the Grantee ( i .e . from the return of NSP3 funds from the sale of housing units) . It is understood that a portion of the Program Income funds will be used by Grantee as needed for its NSP3 related activities and will not be allocated to Developer. Developer must coordinate with Grantee on a regular basis to identify the amount of available Program Income 'funds . It is also understood that the $ 1, 300,000 in projected Program Income funds is not a hard number and, because of this, the total amount of Program Income funds that will be generated and available for Developer's NSP3 activities may be less. Be Additional Budget Details A detailed project budget and cash flow projections are included in Exhibit A. In addition, Grantee may require more detailed or different budget breakdowns than the one contained herein, and Developer shall provide such supplementary budget information in a timely fashion in a form and content prescribed by Grantee . 8 Page Amended and Re-stated NSP3 Developer Agreement: July 2 , 2013