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iii . ( Minus) Developer costs of sale as documented by the settlement statement, including but not limited to seller-paid closing costs; iv. ( Minus) the amount of any NSP3 funds used by Developer to provide a 15t mortgage to homebuyer ( if applicable ) ; iv. ( Plus) Any reimbursements to Developer of costs previously paid or reimbursed with NSP3 funds, such as pro-rated taxes and assessments . If there is a negative balance after net proceeds of sale are calculated, Grantee shall use NSP3 funds to pay for the remaining costs . It is anticipated that this will occur if Grantee provides NSP3 funds to Developer to use for a VY mortgage to homebuyer. In this instance, additional NSP3 funds will be needed from Grantee to pay all or a portion of developer and homebuyer closing costs listed on the HUD4 settlement statement. Additional costs may be paid by Grantee if consistent with NSP3 requirements and if acceptable to Grantee . 5 . NSP3 -assisted homes must be sold only to income-qualified households in the categories described in the Grantee' s Agreement with the U .S . Department of Housing and Urban Development and in at least the minimum numbers of households required by that agreement. 6 . Environmental reviews : Grantee is responsible for completing site specific environmental reviews Developer shall share with Grantee any information learned that may be useful to Grantee in preparing each site specific environmental review . 7 . Developer is responsible for contracting with one or more agencies that are qualified to provide required 8 hour pre-purchase counseling and homebuyer education to prospective homebuyers in Developer's home sales program . Alternatively, if Developer is or becomes HUD certified to provide the required 8 hour pre- purchase counseling and homebuyer education, and if HUD allows for it, Developer may provide the counseling . Developer shall ensure that qualified homebuyers have successfully completed the HUD certified homebuyers educational course prior to purchasing a NSP3 property . Be Grantee Responsibilities Grantee is responsible for the following tasks and deliverables. 1 . Approving each property purchase as described herein and in the Program Manual . 2 . Completing Tier 1 environmental assessments and providing Tier 1 clearances for all NSP3 target areas, as well as preparing site-specific environmental reviews . 3 . Managing all draws of NSP3 funds from HUD and payment of valid and properly documented draw requests from Developer. 6 Page Amended and Re-stated NSP3 Developer Agreement : August 20 , 2013