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FIRST AMENDMENT TO PROGRAM YEAR 2020-2021 SUBPRECIPIENT AGREEMENT - DOWN PAYMENT ASSISTANCE SERVICESFIRST AMENDMENT TO PROGRAM YEAR 2020-2021 SUBRECIPIENT AGREEMENT BY AND BETWEEN CITY OF CLEARWATER AND TAMPA BAY COMMUNITY DEVELOPMENT CORPORATION (Down Payment Assistance Services) THIS FIRST AMENDMENT TO PROGRAM YEAR 2020-2021 SUBRECIPIENT AGREEMENT BY AND BETWEEN CITY OF CLEARWATER AND TAMPA BAY COMMUNITY DEVELOPMENT CORPORATION ("First Amendment") is entered into on this /i day of2021, by and between the City of Clearwater, a Florida municipal corporation, having its principal office at 00 Cleveland Street, Suite 600, Clearwater, Florida, hereinafter referred to as the "City", and the Tampa Bay Community Development Corporation, d/b/a Suncoast Housing Connections, hereinafter referred to as the "Provider" or "Subrecipient", whose principal address is: 2139 NE Coachman Road, Suite 1, Clearwater, FL 33765 (referred to herein individually as "Party" or collectively as the "Parties"). WITNESSETH: WHEREAS, the City has applied for and received HOME Investment Partnerships Program funding (hereafter designated as HOME) from the Depai lment of Housing and Urban Development; and WHEREAS, Tampa Bay CDC has applied for and been approved to utilize HOME Program funds for Down Payment Assistance Services; and WHEREAS, Tampa Bay CDC has evidenced the capacity to provide down payment assistance services funded by this agreement and is located within the city limits of the City of Clearwater, Florida; and WHEREAS, on July 16, 2020, the City Council authorized the City Manager to execute an agreement with Tampa Bay CDC to provide Down Payment for ten (10) homebuyers within the city limits of the City of Clearwater, Florida; and WHEREAS, on November 17, 2020, the Parties entered into the Program Year 2020-2021 Subrecipient Agreement by and Between City of Clearwater and Tampa Bay Community Development Corporation (the "Agreement"); and WHEREAS, the Parties now wish to amend the Agreement as provided for herein. NOW, THEREFORE, the parties hereto agree as follows: Section II — Project Funding — Subsection A is deleted and restated in its entirety as follows: The City of Clearwater hereby approves HOME Program funding for Down Payment Assistance Services in the amount up to Forty -Five Thousand and xx/100 Dollars ($45,000.00) for existing home and new construction from 2020 HOME Program funds. As a subrecipient, Tampa Bay CDC will provide outreach and marketing, intake and processing of six (6) down payment and closing cost assistance loans for qualified, low-income homebuyers who purchase homes in the city limits of Clearwater on behalf of the City of Clearwater. Section II — Project Funding — Subsection B is deleted and restated in its entirety as follows: Requests for Disbursements and Program Income - Tampa Bay CDC shall ensure HOME funds provided under this agreement will be requested for disbursement only in required amounts and as needed for payment of eligible costs. Payments will be made by the City for down payment assistance services when a loan is processed through Tampa Bay CDC and closes. The City will compensate Tampa Bay CDC One Thousand Five Hundred Dollars and 00/100 ($1,500.00) per successful loan closure. The City reserves the right to liquidate funds available under this agreement for eligible costs incurred by the City on behalf of Tampa Bay CDC to complete the project. Section II — Project Funding — Subsection D is deleted and restated in its entirety as follows: The full amount of HOME funds, up to Forty -Five and xx/100 Dollars ($45,000.00) for an existing home or new construction, from the HOME Program, shall be released as earned by verified performance of activities to be completed under this agreement, as determined by the City of Clearwater. Section II — Project Funding — Subsection E is deleted and restated in its entirety as follows: It is expressly agreed and understood that the total amount shall not exceed Forty -Five Thousand and xx/100 Dollars ($45,000.00) for existing homes or new construction from the 2020 HOME Program. Tampa Bay CDC will be awarded One Thousand Five Hundred and xx/100 Dollars ($1,500.00) per down payment assistance loan processed. NO FURTHER CHANGES Except as set forth herein, all other terms and conditions of the Agreement shall remain the same. IN WITNESS WH this ?. ay of EOF, the parties hereto have executed these presents and have set their hands and seals , 2021. ATTEST: CITY OF CLEARWATER, FLORIDA a municipal corporation Organized and existing under the laws of the State of Florida J By:n21( By:1�. \pr Rosemarie Call, City Clerk William B. Horne II, City Manager STATE OF FLORIDA COUNTY OF PINELLAS Tampa Bay Community Development Corporation d/b/a Suncoast Housing Connections, a Florida non-profit corporation By: tz.� / Title: 7f ejf t1 t-yt ed 6 Print Name: giiee-Y Date: /y (A0/ The foregoing instrument was acknowledged before me by means of C"physical presence or ❑ online notarization, this S - / (date) by fihee1y , AES ie/E.J-6/CAD , who is p re smnally known to me or who has produced (type of identification) as identification. WITNESS my hand and official seal this /</44 day of Theresa B. Quiroga NOTARY PUBLIC STATE OF FLORIDA Comm" GG950501 Expires 5/16/2024 , 2021 1i /7/171/lar, — NOTARY PUBLIC Print Name: r Q. , My Commission Expires: `S/til/,_ 4/ APPROVED AS TO FORM For the use and reliance of the City of Clearwater, Florida only. 7/ , 2021. GL -- Laura Mahony, Senior Assist tjt City Attorney Clearwater, Florida 3 WARNING: 18 U.S.C. 1001 provides, among other things, that whoever knowingly and willingly makes or uses a document or writing containing any false, fictitious, or fraudulent statement or entry, in any matter within the jurisdiction of any department or agency of the United States, shall be fined not more than $10,000 or imprisoned for not more than five years, or both. Exhibit A CDBG & HOME Income Limits Effective June 1, 2021 Above 8i Household 0 to 30% AMI (Extremely Low) to 50% AMI 50+ to 80% AMI ,Low) (Moderate) odea' 1 Person $ 15,550 $ 25,850 $ 41,350 N/A 2 Persons $ 17,750 $ 29,550 $ 47,250 N/A 3 Persons $ 19,950 $ 33,250 $ 53,150 N/A 4 Persons $ 22,150 $ 36,900 $ 59,050 N/A 5 Persons $ 23,950 $ 39,900 $ 63,800 N/A 6 Persons $ 25,700 $ 42,850 $ 68,500 N/A 7 Persons $ 27,500 $ 45,800 $ 73,250 N/A 8 Persons $ 29,250 $ 48,750 $ 77,950 N/A GROSS (UNADJUSTED) MEDIAN HOUSEHOLD INCOME - $72,700