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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 NSP3 Program Income funds may 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 . The projected $ 1, 300,000 in program income funds may be significantly less if Developer chooses to use NSP3 funds to finance Vt mortgages of homebuyers as described in Section I .A.4 of this Agreement . 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 . C . Recapture and Reallocation of Developer's Allocation of NSP3 Funds If Developer fails to expend NSP3 funds as indicated and as required by this agreement, Grantee at its sole discretion may recapture a portion or all of Developer' s total NSP3 funding allocation . The portion recaptured will be equal to Grantee' s estimate of the amount of NSP3 funds that would remain unspent by the spending deadlines described herein, based on Developer' s activities to date and capacity to complete the work. In addition, the amount of Developer' s NSP3 funding allocation that is not obligated or expended by the deadlines in Section II herein will be recaptured immediately unless Grantee grants an extension of the deadline in writing based on extenuating circumstances and compelling evidence that obligations will be completed during the extended period . 9 Page Amended and Re-stated NSP3 Developer Agreement : August 20, 2013