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DocuSign Envelope ID: E1A0E30C-7C28-45F5-8C00-3FE5E3A80950 202401002 Recipients may request reimbursement of all General Administration expenses at the end of project if desired but may not request early payments if non -administrative expenses have not reached the required benchmark. Housing Management Reimbursements Housing Management costs will only be reimbursed upon proof of unit completion and with adequate source documentation. Such proof of unit completion includes but is not limited to a Closing Disclosure Statement from the sale of a unit to an eligible homebuyer or an occupancy permit for a completed rental unit. If a project includes rehabilitation of existing units, a final inspection must be signed off on by the unit owner, the contractor, and a representative of the Recipient and submitted as proof of completion. Upon successful completion of a Trust Fund - Assisted rental unit and documentation of unit completion, the Department will reimburse the Recipient Five Thousand Dollars ($5,000) in Housing Management costs per unit completed. Match Funding Documentation The Department has relied upon the amount of cash matching funds the Recipient proposed in the Application in its decision to award Trust Funds for the Project. The Recipient must provide the full amount of cash matching funds proposed in the Application, and only cash matching funds provided after the Notice of Release of Funds will be considered matching funds for the Project that is the subject of this contract. These cash matching funds must be satisfactorily incurred and expended by the Recipient for the Use (Activity) as outlined in the table above and requested in proportion to Trust Fund costs submitted for reimbursement of the same budget line item. All cash matching funds must be documented in payment requests and must be supported by documentation as required by the Department including but not limited to source documentation and proof of payment. §3.02 Project Description. The Project is described in the Application and in Paragraph C of the RECITALS. §3.03 Affordability Restrictions. The NAHTF funds awarded by this contract must be repaid by the Recipient if the Project does not meet the affordability requirements of the Program and of this contract throughout the entire period of affordability listed in the Table of Project Requirements. The affordability requirements relate to the occupancy -eligibility (tenant income eligibility) and the cost of housing (rent limitations) at initial occupancy and over established timeframes (periods of affordability). In general, the Project must be occupied by income -eligible households and is subject to rent limitations throughout the affordability period. The Recipient must enforce the occupancy -eligibility and rent limitation requirements through the imposition of liens, deed restrictions, land use restriction agreements, covenants, or any combination of such legal instruments as required under the Program or as prescribed by the Department. Any time during the Time of Performance of this contract and during the period of affordability, the Department may require documentation verifying the existence of and the NAHTF 23-TFRH-34010—Page 8 of 18