title
HOME INVESTMENT PARTNERSHIPS PROGRAM AGREEMENT WITH
PIONEER PRAIRIE LLC. / DUPAGE HABITAT FOR HUMANITY, INC.
HM09-03
resolution
WHEREAS, DuPage County is and has been a Participating Jurisdiction in the HOME Investment Partnerships Act (HOME) Program since 1992; and
WHEREAS, Pioneer Prairie LLC, an Illinois limited liability company whose sole and managing member is DuPage Habitat for Humanity, Inc., an Illinois not-for-profit corporation, applied for HOME funds to be used for site work, infrastructure on-site, and construction of 11 single-family homes, known as HOME project HM09-03; and
WHEREAS, upon completion of construction, each single-family home was to be sold to HOME income eligible households to be occupied as their primary residence; and
WHEREAS, the DuPage HOME Advisory Group and the County Development Committee have recommended SIX HUNDRED THOUSAND AND 00/100 DOLLARS ($600,000.00) for said application; and
WHEREAS, an Agreement was adopted by Resolution CDC-019-09 on June 23, 2009 (herein, together with all modifications thereto, the "Agreement"); and
WHEREAS, Agreement Modification One was adopted by Resolution CDC-029-09 on October 27, 2009, for the purpose of changing the entity from "Subrecipient" to "Developer" throughout the Agreement and to modify the procurement procedures; and
WHEREAS, Agreement Modification Two was adopted by Resolution CDC-012-10 on May 11, 2010, for the purpose of clarifying income limits for low-income households to be at or below 60% of Median Family Income for DuPage County and to clarify the income calculation and certification will be completed using the IRS From 1040 Adjusted Gross Income definition; and
WHEREAS, the attached Modification to Agreement has been prepared to clarify direct HOME subsidy provided to each i...
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