Loading...
HomeMy WebLinkAbout2011-079 8 . H . See, A AA % c iti�l i J'a s o FUNDING APPROVAL AND GRANT AGREEMENT FOR NEIGHBORHOOD STABILIZATION PROGRAM 3 (NSP3 ) FUNDS AS AUTHORIZED AND APPROPRIATED UNDER THE WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2010, AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 AND THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008 (PUBLIC LAWS 111 - 203 , 111405 and 110-289) NSP3 GRANTEE , Indian River County NSP3 GRANT NUMBER : B= 11 = UN42 - 0022 NSP3 GRANT AMOUNT : $ 1 ,500 ,428 NSP3 APPROVAL DATE : 3 / 10/ 2011 NSP3 EXPENDITURE DEADLINE (2 YEAR) : 3/9/2013 NSP3 EXPENDITURE DEADLINE (3 YEAR) : 3/9/2014 GRANTEE DUNS NUMBER : 079208989 1 . This Grant Agreement between the U . S . Department of Housing and Urban Development (HUD) and Indian River County ( Grantee) is made pursuant to the authority of section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Pub . L. 111 - 203 (July 21 , 2010)) (Dodd-Frank Act) , title XII of Division A of the American Recovery and Reinvestment Act of 2009 ( Public Law 111 - 5 (February 17 , 2009)) ( Recovery Act) and sections 2301 2304 of the Housing and Economic Recovery Act of 2008 (Public Law 110-289 (July 30, 2008 ) ) (HERA) . The program established pursuant to section 2301 - 2304 of HERA is known as the "Neighborhood Stabilization Program" or "NSP . " The term "NSP2" refers to the second . appropriation of NSP funds provided under the Recovery Act. The additional allocation under the Frank Dodd Act represents the third round of Neighborhood Stabilization Program funding and is referred to as "NSP3 . " Notice of Formula Allocations and Program Requirements for Neighborhood Stabilization Program Formula Grants ( Docket No . FR- 5447 -N- 01 , October 19 , 2010) (NSP3 Notice) ; the Dodd- Frank Act ; the Recovery Act ; HERA ; the Grantee ' s application for NSP3 ; the HUD regulations at 24 CFR Part 570 (as modified by the NSP3 Notice as now in effect and as may be amended from time to time) (Regulations) ; and this Funding Approval , including any special conditions , constitute part of the Grant Agreement. In the event of a conflict between a provision of the Grantee ' s Application and any provision of this Grant Agreement , the latter shall control . 3 -& c D - r 5 , H . S �� Au � hor �zi�11 'j2.es o J FUNDING APPROVAL AND GRANT AGREEMENT FOR 2, 0 11 NEIGHBORHOOD STABILIZATION PROGRAM 3 ( NSP3 ) FUNDS AS AUTHORIZED AND APPROPRIATED UNDER THE WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2010, AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 AND THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008 (PUBLIC LAWS 111 - 203 , 111 - 005 and 110-289) NSP3 GRANTEE : Indian River County NSP3 GRANT NUMBER : B- it - UN42 - 0022 NSP3 GRANT AMOUNT : $ 1 ,500 ,428 NSP3 APPROVAL DATE : 3/ 10/2011 NSP3 EXPENDITURE DEADLINE (2 YEAR) : 3 /9/2013 NSP3 EXPENDITURE DEADLINE (3 YEAR) : 3/9/2014 GRANTEE DUNS NUMBER : 079208989 1 . This Grant Agreement between the U . S . Department of Housing and Urban Development (HUD) and Indian River County (Grantee) is made pursuant to the authority of section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Pub . L. 111 - 203 (July 21 , 2010)) (Dodd- Frank Act) , title XII of Division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111 - 5 (February 17 , 2009) ) (Recovery Act) and sections 2301 - 2304 of the Housing and Economic Recovery Act of 2008 (Public Law 110- 289 (July 30 , 2008 ) ) (HERA) . The program established pursuant to section 2301 - 2304 of HERA is known as the "Neighborhood Stabilization Program " or "NSP . " The term "NSP2 " refers to the second appropriation of NSP funds provided under the Recovery Act. The additional allocation under the Frank Dodd Act represents the third round of Neighborhood Stabilization Program funding and is referred to as "NSP3 . " Notice of Formula Allocations and Program Requirements for Neighborhood Stabilization Program Formula Grants (Docket No . FR- 5447 -N- 01 , October 19 , 2010) (NSP3 Notice) ; the Dodd-Frank Act ; the Recovery Act ; HERA ; the Grantee ' s application for NSP3 ; the HUD regulations at 24 CFR Part 570 ( as modified by the NSP3 Notice as now in effect and as may be amended from time to time) ( Regulations) ; and this Funding Approval , including any special conditions , constitute part of the Grant Agreement. In the event of a conflict between a provision of the Grantee ' s Application and any provision of this Grant Agreement, the latter shall control . 2 2 . The Grantee shall comply with reporting requirements established by HUD and OMB ( including all revisions to such reporting requirements) and the Federal Funding Accountability and Transparency Act (Pub . L . 109-282 ) ( including implementing guidance) . 3 . Subject to the provisions of this Grant Agreement, HUD will make NSP3 Grant Funds in the amount of $ 1 ,500,428 available to the Grantee upon execution of this Grant Agreement by the parties . Of that amount, $375, 107 must be used to house individuals or families whose incomes do not exceed 50 percent of area median income, pursuant to Dodd-Frank Act. The Grantee shall have 24 months from the date of HUD ' s execution of this Grant Agreement to expend half of the NSP3 Grant amount pursuant to the requirements of this Agreement, the Dodd-Frank Act, the Recovery Act, HERA and the NSP3 Notice, as amended . The Grantee shall have 36 months from the date of HUD ' s execution of this Grant Agreement to expend the total NSP3 Grant amount pursuant to the requirements of this Agreement, the Dodd- Frank Act, the Recovery Act, HERA and the NSP3 Notice, as amended . The NSP3 Grant Funds may be used to pay eligible costs arising from eligible uses incurred after the NSP3 Approval Date provided the activities to which such costs are related are carried out in compliance with all applicable requirements . Pre- award planning and general administrative costs may not be paid with funding assistance except as permitted in the NSP3 Notice, as amended. Other pre- award costs may not be paid with funding assistance except as permitted by 24 CFR 570 . 200(h) ; for purposes of NSP3 , such costs are limited to those incurred on or after the date that the NSP3 Notice was published by HUD . 4 . The Grantee agrees to assume all of the responsibilities for environmental review, decisionmaking, and actions , as specified and required in regulations issued by the Secretary pursuant to section 104(g) of Title I of the Housing and Community Development Act, as amended (42 U . S . C . 5304) and published in 24 CFR Part 58 , 5 . The Grantee agrees that it will demolish or convert units using NSP3 funds only to the extent and scope described in the NSP3 substantial amendment . The Grantee agrees that under no circumstances will NSP3 funds be used to demolish any public housing ( as defined in section 3 of the United States Housing Act of 1937 (42 U . S . C . 1437a)) , 6 . The Grantee agrees to comply with the Recovery Act provisions concerning tenant protections applicable to NSP3 acquisitions of foreclosed property. The Grantee must document its efforts to ensure that the initial' successor in interest (ISII) in a foreclosed upon dwelling or residential real property (typically, the initial successor in interest in property acquired through foreclosure is the lender or trustee for holders of obligations secured by mortgage liens) has provided bona fide tenants with the notice and other protections outlined in the Recovery Act. The Grantee will not use NSP3 funds to finance the acquisition of property from any initial successor in interest that failed to comply with applicable requirements unless the Grantee assumes the obligations of such initial successor in interest with respect to bona fide tenants . If the Grantee elects to assume such obligations, it may only do so if the tenant is still occupying the property and will provide any tenant displaced as a result of the NSP3 funded acquisition with the 2 2 . The Grantee shall comply with reporting requirements established by HUD and OMB ( including all revisions to such reporting requirements) and the Federal Funding Accountability and Transparency Act (Pub . L . 109-282 ) ( including implementing guidance) . 3 . Subject to the provisions of this Grant Agreement, HUD will make NSP3 Grant Funds in the amount of $ 1 ,500,428 available to the Grantee upon execution of this Grant Agreement by the parties . Of that amount, $375, 107 must be used to house individuals or families whose incomes do not exceed 50 percent of area median income, pursuant to Dodd-Frank Act. The Grantee shall have 24 months from the date of HUD ' s execution of this Grant Agreement to expend half of the NSP3 Grant amount pursuant to the requirements of this Agreement, the Dodd-Frank Act, the Recovery Act, HERA and the NSP3 Notice, as amended . The Grantee shall have 36 months from the date of HUD ' s execution of this Grant Agreement to expend the total NSP3 Grant amount pursuant to the requirements of this Agreement, the Dodd- Frank Act, the Recovery Act, HERA and the NSP3 Notice, as amended . The NSP3 Grant Funds may be used to pay eligible costs arising from eligible uses incurred after the NSP3 Approval Date provided the activities to which such costs are related are carried out in compliance with all applicable requirements . Pre- award planning and general administrative costs may not be paid with funding assistance except as permitted in the NSP3 Notice, as amended. Other pre- award costs may not be paid with funding assistance except as permitted by 24 CFR 570 . 200(h) ; for purposes of NSP3 , such costs are limited to those incurred on or after the date that the NSP3 Notice was published by HUD . 4 . The Grantee agrees to assume all of the responsibilities for environmental review, decisionmaking, and actions , as specified and required in regulations issued by the Secretary pursuant to section 104(g) of Title I of the Housing and Community Development Act, as amended (42 U . S . C . 5304) and published in 24 CFR Part 58 , 5 . The Grantee agrees that it will demolish or convert units using NSP3 funds only to the extent and scope described in the NSP3 substantial amendment . The Grantee agrees that under no circumstances will NSP3 funds be used to demolish any public housing ( as defined in section 3 of the United States Housing Act of 1937 (42 U . S . C . 1437a)) , 6 . The Grantee agrees to comply with the Recovery Act provisions concerning tenant protections applicable to NSP3 acquisitions of foreclosed property. The Grantee must document its efforts to ensure that the initial' successor in interest (ISII) in a foreclosed upon dwelling or residential real property (typically, the initial successor in interest in property acquired through foreclosure is the lender or trustee for holders of obligations secured by mortgage liens) has provided bona fide tenants with the notice and other protections outlined in the Recovery Act. The Grantee will not use NSP3 funds to finance the acquisition of property from any initial successor in interest that failed to comply with applicable requirements unless the Grantee assumes the obligations of such initial successor in interest with respect to bona fide tenants . If the Grantee elects to assume such obligations, it may only do so if the tenant is still occupying the property and will provide any tenant displaced as a result of the NSP3 funded acquisition with the 3 assistance outlined in 24 CFR 570 . 606 . If the Grantee knows that the ISII did not comply with the NSP tenant protection requirements and vacated the property contrary to the NSP requirements , NSP3 funds cannot be used to acquire such properties . 7 . The Grantee further acknowledges its responsibility for adherence to all applicable terms and conditions of this grant award by sub - recipient entities and contractors , including obtaining a DUNS number ( or updating the existing DUNS record) , and registering with the Central Contractor Registration , 8 . This Grant Agreement may be amended only with the prior written approval of HUD . In considering proposed amendments to this Grant Agreement, HUD shall also review , among other things , whether the amendment is otherwise consistent with the Dodd- Frank Act, the Recovery Act, HERA , the NSP3 Notice, as amended, and the Regulations . 9 . The Grantee may not amend its Grantee Submission other than as described above; however, such amendments will be subject to the requirements of the NSP3 Notice and any revisions HUD may make to the NSP3 Notice (or any successor Notice or regulation) . 10 . The Grantee must respond in writing to any citizen complaint within 15 working days , if feasible, and send a copy of the response to HUD . The Grantee shall at all times maintain an up- to -date copy of its Grantee Application, including all amendments approved by HUD , on its Internet website . Further, the Grantee shall maintain information on all draw downs, deposits , and expenditures of grant funds and program income under this Funding Approval and Grant Agreement and any other records required by 24 CFR 570 . 506 and the NSP3 Notice, as amended , in its files and shall make such information available for audit or inspection by duly authorized representatives of HUD , HUD ' s Office of the Inspector General , or the Comptroller General of the United States . 11 . The Grantee is advised that providing false, fictitious or misleading information with respect to NSP3 Grant Funds may result in criminal , civil or administrative prosecution under 18 USC § 1001 , 18 USC § 1343 , 31 USC § 3729 , 31 USC § 3801 or another applicable statute . 12 . Close- out of this grant shall be subject to the provisions of 24 CFR 570 . 509 or such close-out instructions as may hereafter be issued by HUD specifically for NSP3 grants . lRemaining of this page blank] 3 assistance outlined in 24 CFR 570 . 606 . If the Grantee knows that the ISII did not comply with the NSP tenant protection requirements and vacated the property contrary to the NSP requirements , NSP3 funds cannot be used to acquire such properties . 7 . The Grantee further acknowledges its responsibility for adherence to all applicable terms and conditions of this grant award by sub - recipient entities and contractors , including obtaining a DUNS number ( or updating the existing DUNS record) , and registering with the Central Contractor Registration , 8 . This Grant Agreement may be amended only with the prior written approval of HUD . In considering proposed amendments to this Grant Agreement, HUD shall also review , among other things , whether the amendment is otherwise consistent with the Dodd- Frank Act, the Recovery Act, HERA , the NSP3 Notice, as amended, and the Regulations . 9 . The Grantee may not amend its Grantee Submission other than as described above; however, such amendments will be subject to the requirements of the NSP3 Notice and any revisions HUD may make to the NSP3 Notice (or any successor Notice or regulation) . 10 . The Grantee must respond in writing to any citizen complaint within 15 working days , if feasible, and send a copy of the response to HUD . The Grantee shall at all times maintain an up- to -date copy of its Grantee Application, including all amendments approved by HUD , on its Internet website . Further, the Grantee shall maintain information on all draw downs, deposits , and expenditures of grant funds and program income under this Funding Approval and Grant Agreement and any other records required by 24 CFR 570 . 506 and the NSP3 Notice, as amended , in its files and shall make such information available for audit or inspection by duly authorized representatives of HUD , HUD ' s Office of the Inspector General , or the Comptroller General of the United States . 11 . The Grantee is advised that providing false, fictitious or misleading information with respect to NSP3 Grant Funds may result in criminal , civil or administrative prosecution under 18 USC § 1001 , 18 USC § 1343 , 31 USC § 3729 , 31 USC § 3801 or another applicable statute . 12 . Close- out of this grant shall be subject to the provisions of 24 CFR 570 . 509 or such close-out instructions as may hereafter be issued by HUD specifically for NSP3 grants . lRemaining of this page blank] 4 This NSP3 Grant Agreement is binding with respect to HUD in accordance with its terms upon the execution by HUD in the space provided below , subject to execution on behalf of the Grantee . The United States Department of The Grantee Housing and Urban Development Indian River County pOntl Hn uHu oy ,l„ ° .•��I COM M/s' .. ; 0 . . . . . . . . 0 S'j" • , O C1 , 2 � - tel goo Signature of A rized Official Signature of Authorized Offical >c c AL1 FYI F` .\OQ. //� . 1144+ � " OU6 I • 1 M�O�t•. yh YYHYH OH JJ _Gary A . Causer Bob Solari Name of Authorized Official Name of Authorized Official _Director, CPD Division Chairman Title of Authorized Official Title of Authorized Official `2 March 22 , 2011 Date of Signature Date of Signature APPROVED AS gO FORM AND LEGAL OFFICBENCY BY /' . 59 - 6000674 MELISSA P. ANDERSON ASSISTANT COUNTY COUNTY ATTORNEY Grantee Tax Identification Number For HUD CFO Use Only Current Balances Increases/Decreases Ending Balance Date 4 This NSP3 Grant Agreement is binding with respect to HUD in accordance with its terms upon the execution by HUD in the space provided below , subject to execution on behalf of the Grantee . The United States Department of The Grantee Housing and Urban Development Indian River County pOntl Hn uHu oy ,l„ ° .•��I COM M/s' .. ; 0 . . . . . . . . 0 S'j" • , O C1 , 2 � - tel goo Signature of A rized Official Signature of Authorized Offical >c c AL1 FYI F` .\OQ. //� . 1144+ � " OU6 I • 1 M�O�t•. yh YYHYH OH JJ _Gary A . Causer Bob Solari Name of Authorized Official Name of Authorized Official _Director, CPD Division Chairman Title of Authorized Official Title of Authorized Official `2 March 22 , 2011 Date of Signature Date of Signature APPROVED AS gO FORM AND LEGAL OFFICBENCY BY /' . 59 - 6000674 MELISSA P. ANDERSON ASSISTANT COUNTY COUNTY ATTORNEY Grantee Tax Identification Number For HUD CFO Use Only Current Balances Increases/Decreases Ending Balance Date 8 . H . See, A AA % c iti�l i J'a s o FUNDING APPROVAL AND GRANT AGREEMENT FOR NEIGHBORHOOD STABILIZATION PROGRAM 3 (NSP3 ) FUNDS AS AUTHORIZED AND APPROPRIATED UNDER THE WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2010, AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 AND THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008 (PUBLIC LAWS 111 - 203 , 111405 and 110-289) NSP3 GRANTEE , Indian River County NSP3 GRANT NUMBER : B= 11 = UN42 - 0022 NSP3 GRANT AMOUNT : $ 1 ,500 ,428 NSP3 APPROVAL DATE : 3 / 10/ 2011 NSP3 EXPENDITURE DEADLINE (2 YEAR) : 3/9/2013 NSP3 EXPENDITURE DEADLINE (3 YEAR) : 3/9/2014 GRANTEE DUNS NUMBER : 079208989 1 . This Grant Agreement between the U . S . Department of Housing and Urban Development (HUD) and Indian River County ( Grantee) is made pursuant to the authority of section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Pub . L. 111 - 203 (July 21 , 2010)) (Dodd-Frank Act) , title XII of Division A of the American Recovery and Reinvestment Act of 2009 ( Public Law 111 - 5 (February 17 , 2009)) ( Recovery Act) and sections 2301 2304 of the Housing and Economic Recovery Act of 2008 (Public Law 110-289 (July 30, 2008 ) ) (HERA) . The program established pursuant to section 2301 - 2304 of HERA is known as the "Neighborhood Stabilization Program" or "NSP . " The term "NSP2" refers to the second . appropriation of NSP funds provided under the Recovery Act. The additional allocation under the Frank Dodd Act represents the third round of Neighborhood Stabilization Program funding and is referred to as "NSP3 . " Notice of Formula Allocations and Program Requirements for Neighborhood Stabilization Program Formula Grants ( Docket No . FR- 5447 -N- 01 , October 19 , 2010) (NSP3 Notice) ; the Dodd- Frank Act ; the Recovery Act ; HERA ; the Grantee ' s application for NSP3 ; the HUD regulations at 24 CFR Part 570 (as modified by the NSP3 Notice as now in effect and as may be amended from time to time) (Regulations) ; and this Funding Approval , including any special conditions , constitute part of the Grant Agreement. In the event of a conflict between a provision of the Grantee ' s Application and any provision of this Grant Agreement , the latter shall control .