Agreement - New Construction Pilot Housing Subsidy Program in the Sherman Harrison Area– Urban Enterprise Association of South Bend, Inc.

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EXHIBIT A Program Description The Organization shall provide the following: New Residential Construction Program — Assist with the process to identify partner(s) to build housing in the Sherman/Harrison Target Area. The program goal is to promote the development of new residential units that enhance the appearance, value, and character of the target area and surrounding neighborhood. The process shall require the Organization to identify partners that could be either a private or non-profit developer. The Organization will coordinate the design and implementation with the City, to include the review and approval process. The requirements will include: A total of $550,000 to be available for awards to one or more successful proposals. A maximum of one award per applicant. A submission of proforma(s) specifying amount and ratio of private investment. Building(s) are to be consistent with character of surrounding neighborhood. Projects that create a significant visual improvement to the Target Area and neighborhood and are consistent with the Near Northwest Neighborhood Plan. To be eligible, the applicant must have a financial process in place and submit their most recent audit or financial statements No funds may be disbursed for an award unless pursuant to a written contract which provides for default conditions consistent with the requirements and clearly establishes remedies for instances of default. To be eligible, an applicant must agree to hold the Urban Enterprise Association of South Bend, Inc. and the City of South Bend, Indiana harmless and to indemnify the City for any damages or costs related to any claim, suit, or demand related to any action occurring as a result of the applicant's application or participation in the Program. Sales proceeds must be used in future housing development in a to be determined area approved by the City.