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i . The sale price of the home ; <br /> ii . ( Minus ) the amount of any Homeowner Financial Assistance provided to <br /> buyer, as defined herein and in the Program Manual , and described on the <br /> settlement statement; <br /> iii . ( Minus ) Developer costs of sale as documented by the settlement <br /> statement, including but not limited to seller- paid closing costs; <br /> iv . ( Plus ) Any reimbursements to Developer of costs previously paid or <br /> reimbursed with NSP3 funds, such as pro - rated taxes and assessments . <br /> 5 . NSP3 - assisted homes must be sold only to income-qualified households in the <br /> categories described in the County' s Agreement with the U . S . Department of Housing <br /> and Urban Development and in at least the minimum numbers of households required <br /> by that agreement . <br /> 6 . Environmental reviews : Grantee is responsible for completing site <br /> specific environmental reviews Developer shall share with Grantee any information <br /> learned that may be useful to Grantee in preparing each site specific environmental <br /> review . <br /> 7 . Developer is responsible for contracting with one or more agencies that are <br /> qualified to provide required 8 hour pre - purchase counseling and homebuyer education <br /> to prospective homebuyers in Developer' s home sales program . Alternatively, if <br /> Developer is or becomes HUD certified to provide the required 8 hour pre - purchase <br /> counseling and homebuyer education, and if HUD allows for it, Developer may provide <br /> the counseling . Developer shall ensure that qualified homebuyers have successfully <br /> completed the HUD certified homebuyers educational course prior to purchasing a NSP3 <br /> property . <br /> Be Grantee Responsibilities <br /> Grantee is responsible for the following tasks and deliverables . <br /> 1 . Approving each property purchase as described herein and in the Program <br /> Manual . <br /> 2 . Completing Tier 1 environmental assessments and providing Tier 1 clearances <br /> for all NSP3 target areas, as well as preparing site -specific environmental reviews . <br /> 3 . Managing all draws of NSP3 funds from HUD and payment of valid and properly <br /> documented draw requests from Developer . <br /> 5Page <br />