California Code of Regulations › Title 25 - Housing and Community Development › Division 1 - Housing and Community Development › Chapter 7 - Department of Housing and Community Development Programs › Subchapter 9 - Calhome Program Requirements › Article 10 - Program Operations › Section 7752 - Legal Documents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Upon the award of funds the Department
					 shall enter into a Standard Agreement with the Recipient constituting a
					 conditional commitment of funds. This contract shall require the parties to
					 comply with the requirements and provisions of these regulations. The Standard
					 Agreement shall encumber State monies in an amount sufficient to fund the
					 approved local program or project, subject to limits established in the NOFA
					 and consistent with the application. The Standard Agreement shall contain, but
					 not be limited to, the following as appropriate for the activity. In the case
					 of a self-help technical assistance award, the Department shall enter into a
					 Technical Assistance Standard Agreement (TASA) pursuant to CCR Title 25,
					 Division 1, Chapter 7, Subchapter 6.5, Article 3, Section 7554. Where that
					 section and the following deviate, the aforementioned Section 7554 takes
					 precedence.
(1) a description of the approved
					 local program or project and the permitted uses of CalHome program
					 funds;
(2) provisions governing the
					 amount, terms and conditions of the Department's development loan or grant to
					 the Recipient;
(3) for
					 homeownership development projects, provisions governing the construction work
					 and, as applicable, the acquisition of the project site, and the disbursement
					 of loan proceeds;
(4) for self-help
					 technical assistance projects, a budget and a timetable for completion of the
					 project;
(5) requirements for the
					 execution and, where appropriate, the recordation of the agreements and
					 documents required under the CalHome Program;
(6) for a local program or project, the
					 Recipient's responsibilities for operation of the local program or completion
					 of the project, including, but not limited to, number of units to be assisted,
					 marketing, CalHome Program loan processing and funding, construction monitoring
					 and disbursement, report submissions, file documentation;
(7) for a homeownership development project,
					 the Recipient's responsibilities for the development of the project, including,
					 but not limited to, number of units to be assisted, marketing, processing of
					 individual homebuyer CalHome Program loans, expiration date, report
					 submissions, file documentation;
(8) manner, timing and conditions for
					 disbursement of CalHome Program or project funds to Recipients;
(9) provisions relating to the placement on
					 or in the vicinity of the homeownership development project site, a sign
					 indicating that the Department has provided financing for the project. The
					 Department may also arrange for publicity of the Department CalHome Program
					 homeownership development loan in its sole discretion;
(10) remedies available to the Department in
					 the event of a violation, breach or default of the standard
					 agreement;
(11) requirements that
					 the Recipient permit the Department or its designated agents and employees the
					 right to inspect the project or local program and all books, records and
					 documents maintained by the Recipient in connection with the local program or
					 self-help technical assistance project grant or development loan or local
					 program individual CalHome Program loans;
(12) special conditions imposed on a
					 case-by-case basis as part of Department approval of the local program or
					 project;
(13) terms and conditions
					 required by federal or state law; and
(14) other provisions necessary to ensure
					 compliance with the requirements of the CalHome Program.