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DocuSign Envelope ID: E1A0E30C-7C28-45F5-8C00-3FE5E3A80950 202401002 STATE OF NEBRASKA DEPARTMENT OF ECONOMIC DEVELOPMENT NEBRASKA AFFORDABLE HOUSING TRUST FUND PROGRAM (Regarding Rental Housing Project: City of Wood River Rental Conversion) CONTRACT NO. 23-TFRH-34010 This contract is entered into between the State of Nebraska Department of Economic Development ("Department") and the City of Wood River, a Unit of Local Government, 108 West 10th Street, PO Box 8, Wood River, Nebraska 68883 ("Recipient"), upon the date of signature by both parties. RECITALS: A. Pursuant to the Nebraska Affordable Housing Act ("Act"), the Department is directed to administer the Nebraska Affordable Housing Trust Fund ("Trust Fund") and make the funds ("Trust Funds") on deposit therein available to qualified recipients. B. The Department has been designated and empowered to receive, administer, and disburse Trust Funds to achieve an adequate supply of affordable housing for low -to -moderate income Nebraskans. The Department's and the Recipient's use of Trust Funds is governed by the Act; the Rules and Regulations Concerning the Administration of the Affordable Housing Act, Title 86, Nebraska Administrative Code, Chapter 5 ("Rules"); and the Nebraska Affordable Housing Trust Fund Application Guidelines ("Guidelines") published by the Department. The Act, Rules, and Guidelines are incorporated herein by this reference (collectively referred to as the "Program"). C. The Recipient has submitted an application ("Application") to the Department setting forth a project to provide affordable housing units for low -to -moderate income Nebraskans using Trust Funds. The Application has been approved and is incorporated herein by this reference. The project consists of the conversion of a commercial property to rental housing units located, in the City of Wood River, Nebraska (the "Project"). The units and the project requirements are further described in the Application and in the Table of Project Requirements found on the next page of this contract. • The Project, will be located at 108 East 9th Street in the City of Wood River, Nebraska with the following legal description: The East One Half (E112) of Lot Eight (8), and all of Lot Nine (9), Block Twenty -One (21), Original Town of Wood River, Hall County, Nebraska; AND Lot Ten (10) and the West Fourteen Inches (W14") of Lot Eleven (11), Block Twenty -One (21), Original Town of Wood River, Hall County, Nebraska. • Of the three (03) total units in the Project, all three (03) will be designated as Trust Fund -assisted units. The units are to be located at the City of Wood NAHTF 23-TFRH-34010—Page 1 of 18