INDUSTRIAL DEVELOPMENT AUTHORITY OF MARICOPA COUNTY IGA.PDF

Maricopa County — Formal (2023-03-01)

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Industrial Development Authority of the County of Maricopa  
Page 1 of 20 
 
 
INTERGOVERNMENTAL AGREEMENT 
FOR SERVICES BETWEEN 
MARICOPA COUNTY 
ADMINISTERED BY ITS 
HUMAN SERVICES DEPARTMENT 
AND  
THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF MARICOPA 
 
Agreement Number:   
 
 
 
 
Agreement Amount: $500,000 
Agreement Start Date: July 26, 2023  
Agreement Termination Date: February 28, 2025 
ALN; 21.027 American Rescue Plan Act, Coronavirus State and Local Fiscal Recovery 
Unique Identity Number: NJ5KMAZ9R897 
 
1.0 
PARTIES 
This financial Intergovernmental Agreement (“Agreement”) is between The Industrial 
Development Authority of the County of Maricopa (“Subrecipient”) and Maricopa County 
(“County”) administered by its Human Services Department, (“Department”), The County 
and the Subrecipient collectively are referred to as the “Parties” and individually as the 
“Party.” 
 
2.0 
PURPOSE 
Through this Agreement, homebuyer affordability opportunities will be expanded for 
approximately 83 low-to-moderate income families through the Home In Five Homebuyers 
Assistance Program (the “Program”). The County shall provide Subrecipient with American 
Rescue Plan Act Coronavirus State and Local Fiscal Recovery Funds to expand the 
homebuyer assistance program throughout Maricopa County. The execution of this project 
shall provide eligible homeowners with grant assistance to increase homeownership 
affordability. 
 
3.0 
TERM OF AGREEMENT 
3.1 
The term of this Agreement is from July 26, 2023 through February 28, 2025. 
3.2 
This Agreement may be extended, up to one year and ten months, but not to exceed 
beyond December 31, 2026, with the condition the Subrecipient is in compliance 
with the terms and conditions of this Agreement and the extension is contained in 
an Amendment as provided in Section 4.0 below. 
3.3 
This Agreement shall be effective upon approval and signature by both Parties. 
 
4.0 
AMENDMENTS

Industrial Development Authority of the County of Maricopa  
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Any changes to this Agreement shall be effective only in a written amendment signed by 
both Parties.  
 
5.0 
ADMINISTRATIVE CHANGE ORDERS 
5.1 
The Chairman of the Board of Supervisors is authorized upon the recommendation 
of the Human Services Department Director and Legal Counsel to make changes 
within the general scope of the Agreement on behalf of the County through 
Administrative Change Orders. Administrative Change Orders will be effective upon 
approval and fully execution by both the Chairman of the Board of Supervisors and 
the City. Administrative Change Orders may address any of the following areas: 
5.1.1 
Modifications to the project timeline if the last day of the project timeline is 
within the Agreement term; 
5.1.2 
Modifications to Budget line items if the Agreement Amount remains 
unchanged; 
5.1.3 
Modifications required by federal, state, or County regulations, ordinances, 
or policies; and/or 
5.1.4 
Modifications to Administrative requirements such as changes in reporting 
periods, frequency of reports, or report formats required by the U.S. 
Department of Treasury or local regulations, policies, or requirements. 
 
6.0 
FUNDING 
The County shall provide the Subrecipient with $500,000 of the American Rescue Plan Act 
Coronavirus State and Local Fiscal Recovery Funds under Assistance Listing Number 
(ALN) 21.027 provided to the County through the U.S. Department of Treasury. 
 
7.0 
AVAILABILITY OF FUNDS 
7.1 
This Agreement and the Parties’ obligations under it shall become effective when 
funds assigned for the purpose of compensating the Subrecipient are available to 
the County for disbursement. The County shall be the sole authority in determining 
the availability of funds under this Agreement, and the County shall keep the 
Subrecipient fully informed as to the availability of funds. 
7.2 
If any action is taken by any federal, state, local agency, or any other agency or 
instrumentality other than the Parties to amend, suspend, or terminate its fiscal 
obligation under or provided in connection with this Agreement, then the Parties may 
amend, suspend, or terminate this Agreement. In the event of termination, the 
Parties shall be liable for payment only for services rendered prior to the effective 
date of the termination, provided that such services were performed in accordance 
with the provisions of this Agreement. Furthermore, upon termination Subrecipient 
shall be released from all pending responsibilities and have no further obligation to 
perform under the Agreement unless expressly provided for herein as an obligation 
that survives termination.  The Parties shall give written notice of their intent to 
suspend performance or intent to terminate this Agreement under this section at 
least ten (10) calendar days in advance.  
 
8.0 
RESPONSIBILITIES OF ORGANIZATIONS 
8.1 
The Subrecipient shall: 
8.1.1 
Provide down payment assistance grants to eligible homeowners throughout 
Maricopa County 
8.1.2 
Complete the project description in Exhibit A, Statement of Work.

Industrial Development Authority of the County of Maricopa  
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8.1.3 
Ensure compliance with federal, state, and County requirements as they 
relate to the federal American Rescue Plan Act Coronavirus State and Local 
Fiscal Recovery Fund requirements. 
8.1.4 
Ensure compliance with all laws, rules, and regulations. 
8.1.5 
Maintain a sufficient number of qualified and trained staff to provide services 
under this Agreement. 
8.1.6 
Complete Quarterly Reports that contain the following information 
8.1.6.1 
Status and updates on project timelines; 
8.1.6.2 
Current quarter expenditures; 
8.1.6.3 
Anticipated delays or issues; 
8.1.6.4 
Any recent significant disruptions or issues; 
8.1.6.5 
Other information the Department should be aware of; 
8.1.6.6 
Quarterly Reports will be due no later than 30 days after the end 
of the reporting quarter. 
8.2 
The County shall: 
8.2.1 
Review invoiced costs related to costs associated with this project on a 
monthly basis. 
8.2.2 
Report to the U.S. Department of Treasury on the Subrecipient’s use of 
funds.  
 
9.0 
COMPENSATION 
9.1 
The Agreement is on a cost reimbursement basis. 
9.2 
Verification of registration in the System for Award Management must be provided, 
before funds can be provided to Subrecipient. 
9.3 
Subrecipient shall submit monthly invoices 
9.3.1 
Submit to County all invoiced costs related to all other costs associated 
with this project on a monthly basis. 
9.3.2 Initial expenditures must begin within 6 months of Agreement execution; 
in the event initial spending does not begin within 6 months of contract, 
the County will consider the project on-hold, and written consent from the 
County will be required to resume spending and project progress. 
9.4 
Subrecipient shall submit to the County a Request for Reimbursement of all 
expenditures within the same fiscal year in which the expenditures are incurred. 
The fiscal year runs July 1st through June 30th and all Requests for 
Reimbursement shall be submitted no later than July 30th for the preceding fiscal 
year. 
9.5 
Final Reimbursement Upon Agreement Termination 
9.5.1 
Prior to termination of this Agreement, at the date identified on page 1 of this 
Agreement, or as may be amended, the Subrecipient shall submit the final 
reimbursement request. 
9.5.2 
This request shall be submitted no later than 30 calendar days after the 
termination date except as noted immediately below. 
9.5.3 
If the termination date is between June 10 and June 30, then the final 
reimbursement request shall be submitted by July 10th. 
9.5.4 
The final progress report, and any other required reports that may be 
applicable, such as the program income report, shall be submitted with the 
final reimbursement request. 
 
10.0 
METHOD OF PAYMENT 
10.1 
The 
Subrecipient 
shall 
submit 
invoices 
for 
project 
activities 
to 
hsdfinance@maricopa.gov

Industrial Development Authority of the County of Maricopa  
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10.2 
Payment by the County is not to be construed as final in the event that the 
Department of Treasury disallows payment for the activity or any portion thereof. 
Funds not expended in implementing this activity or upon completion of the activity 
shall be returned to the ARPA unprogrammed funds account.  
10.3 
The County shall reimburse the Subrecipient on a net 0 payments standard.  
 
11.0 
DISALLOWED COSTS 
11.1 
The cost principles set forth in the Code of Federal Regulations, 48 C.F.R., Chapter 
1, Subchapter E, Part 31 including later amendments and editions on file with the 
Arizona Secretary of State and incorporated by this reference, shall be used to 
determine the allowability of incurred costs for the purpose of reimbursing costs 
under Agreement provisions that provide for the reimbursement of costs. Those 
costs that are specifically defined as unallowable in 48 C.F.R., Chapter 1, 
Subchapter E, Part 31 therein will not be submitted for reimbursement by the 
Subrecipient and may not be reimbursed with County funds. 
11.2 
The Subrecipient shall follow cost principles as outlined in Office of Management 
and Budget (OMB) Uniform Guidance, 2 C.F.R. §§ 200, et seq. 
 
12.0 
TERMINATION 
12.1 
Under A.R.S. § 38-511, the Parties may cancel this Agreement without penalty or 
further obligation within three years after execution of this Agreement, if any person 
significantly involved in initiating, negotiating, securing, drafting or creating this 
Agreement on behalf of one Party at any time while this Agreement or any extension 
of this Agreement is in effect, is or becomes an employee or agent of any other Party 
to this Agreement in any capacity or consultant to any other party to this Agreement 
with respect to the subject matter of this Agreement. Additionally, pursuant to A.R.S. 
§ 38-511, either Party may recoup any fee or commission paid or due to any person 
significantly involved in initiating, negotiating, securing, drafting, or creating this 
Agreement on behalf of the one Party from the other Party to this Agreement arising 
as the result of this Agreement. A cancellation notice made under this Subparagraph 
shall be effective when the recipient receives a written notice of cancellation unless 
the notice specifies a later date. 
12.2 
Either Party may terminate this Agreement at any time by giving the other Party at 
least sixty (60) calendar days prior notice in writing (unless terminated by a Party 
under the Availability of Funds provision). The notice shall be given by either 
personal delivery or registered or certified mail, postage prepaid and return receipt 
requested, to the persons at the addresses set forth on page 1 of this Agreement. In 
the event of termination, the Parties shall be liable for payment only for services 
rendered prior to the effective date of the termination, provided that such services 
were performed in accordance with the provisions of this Agreement. Neither Party 
shall be liable for any incomplete or additional performance under the Agreement 
unless expressly stated herein as an obligation that survives termination. 
12.3 
In accordance with 2 C.F.R. §§ 200, et seq., the County may suspend or terminate 
this Agreement if the Subrecipient violates any term or condition of this Agreement 
or if the Subrecipient fails to maintain a good-faith effort to carry out the purpose of 
this Agreement. 
12.4 
The Parties may terminate this Agreement for convenience in accordance with 2 
C.F.R. § 200. The Parties shall agree upon the termination conditions including the 
effective date of the termination. The Party initiating the termination shall notify the 
other Parties in writing stating the reasons for such termination.

Industrial Development Authority of the County of Maricopa  
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13.0 
NOTICES 
Notifications and communications concerning this Agreement shall be directed to the 
following: 
 
Subrecipient: 
The Industrial Development Authority of 
the County of Maricopa 
C/O Gregg Ghelfi, Business Development 
Officer 
(602) 690-8996 
gregg@mcida.com  
301 W Jefferson St 
Phoenix, AZ 85003 
Maricopa County  
Human Services Department 
Jamie Macfarlane, Housing and Community 
Development Manager 
(602) 506-5813 
jamie.macfarlane@maricopa.gov    
234 N. Central Avenue 3rd Floor 
Phoenix, AZ 85004 
 
14.0 
EMPLOYMENT DISCLAIMER 
14.1 
This Agreement is not intended to constitute, create, give rise to, or otherwise 
recognize a joint venture agreement, partnership, or other formal business 
association or organization of any kind, and the rights and obligations of the Parties 
shall be only those expressly set forth in this Agreement. 
14.2 
The Subrecipient agrees that no individual performing under this Agreement on 
behalf of the Subrecipient may be considered a County agent, employee, or 
representative and that no rights of County civil service, County retirement, or 
County personnel rules shall accrue or apply to any such individual. The 
Subrecipient shall have total responsibility for all salaries, wages, bonuses, 
retirement, 
withholdings, 
workers’ 
compensation, 
occupational 
disease 
compensation, unemployment compensation, other employee benefits, and all taxes 
and premiums appurtenant thereto concerning such individuals shall indemnify, 
defend and hold harmless the County with respect to the foregoing. 
14.3 
The County agrees that no individual performing under this Agreement on behalf of 
County may be considered a Subrecipient agent, employee, or representative and 
that no rights of Subrecipient civil service, Subrecipient retirement, or Subrecipient 
personnel rules shall accrue or apply to any such individual. The County shall have 
total responsibility for all salaries, wages, bonuses, retirement, withholdings, 
workers’ compensation, occupational disease compensation, unemployment 
compensation, other employee benefits, and all taxes and premiums appurtenant 
thereto concerning such individuals and the County shall indemnify, defend and hold 
harmless the Subrecipient with respect to the foregoing. 
 
15.0 
GENERAL REQUIREMENTS 
15.1 
The terms of this Agreement shall be construed in accordance with Arizona law and 
the applicable laws and regulations of the American Rescue Plan Act. Any lawsuit 
arising out of this Agreement shall be brought in the appropriate court in Maricopa 
County, Arizona. 
15.2 
The Subrecipient shall, without limitation, obtain and maintain all licenses, permits 
and authority necessary to do business, render services and perform work under 
this Agreement, and shall comply with all laws regarding unemployment insurance, 
disability insurance and worker's compensation. 
15.3 
Each Party is an independent contractor in the performance of work and the 
provision under this Agreement and is not to be considered an officer, employee, or 
agent of the other Party.

Industrial Development Authority of the County of Maricopa  
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15.4 
The Subrecipient shall comply with the regulations prohibiting a conflict of interest. 
The Subrecipient shall not make any payments, either directly or indirectly, to any 
person, partnership, corporation, trust, or other organization that has a substantial 
interest in Subrecipient's organization or with which the Subrecipient (or any of its 
directors, officers, owners, trust certificate holders, or a relative thereof) has a 
substantial interest, unless the Subrecipient has made full written disclosure of the 
proposed payments to the County and has received written approval for the 
payments. 
15.5 
For purposes of this provision, the terms "substantial interest" and "relative" shall 
have the meanings prescribed by A.R.S. § 38-502. 
 
16.0 
ASSIGNMENT AND SUBCONTRACTING 
16.1 
No right, liability, obligation, or duty under this Agreement may be assigned, 
delegated, or subcontracted, in whole or in part, without the prior written approval of 
the County. The Subrecipient shall bear all liability under this Agreement, even if it 
is assigned, delegated, or subcontracted, in whole or in part, unless the County 
agrees otherwise. 
16.2 
In accordance with 2 C.F.R. §200.331, the Subrecipient may make a “Subaward” as 
a pass-through entity for the purpose of carrying out a portion of the federal award 
and General Funds. The Subrecipient will make determinations classifying recipients 
of federal funds as a Subrecipient. 
16.3 
The Subrecipient shall ensure compliance by any subcontractor with all ARPA 
requirements, including reporting requirements. 
 
17.0 
DISPUTES 
17.1 
Except as may otherwise be provided for in this Agreement, the Parties may attempt 
to informally resolve any dispute arising out of this Agreement for a reasonable 
period of time, which shall not exceed one hundred twenty (120) calendar days. 
Disputes which are not resolved in that time period, shall be submitted in accordance 
with the following formal dispute resolution process. 
17.2 
Notice of the specific grounds of a dispute shall be in writing and filed with the County 
Representative listed in the Notices paragraph, within ten (10) business days from 
the date the Subrecipient knew or should have known of the basis of the dispute. 
17.3 
The County Representative shall respond in writing to the Subrecipient within 
fourteen (14) business days. The decision of the County Representative shall be 
final and conclusive unless, within seven (7) business days after the date the 
Subrecipient is served with the decision, the Subrecipient files a written notice of 
appeal with the Human Services Department Director. 
17.4 
The Department Director shall provide the Subrecipient with a written response 
within fourteen (14) business days following receipt of the notice of appeal. The 
decision of the Director shall be final and not appealable. 
17.5 
Pending a final decision of the Director, the Subrecipient shall diligently proceed with 
its performance of this Agreement in accordance with the County Representative’s 
decision. 
17.6 
In the event Subrecipient disagrees with the Director’s decision, Subrecipient shall 
have every existing and future right or remedy available by law or in equity to resolve 
the  dispute.   
 
18.0 
SEVERABILITY

Industrial Development Authority of the County of Maricopa  
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Any provision of this Agreement that is determined to be invalid, void, or illegal by a court 
shall in no way affect, impair, or invalidate any other provision of this Agreement, and the 
remaining provisions shall remain in full force and effect. 
 
19.0 
STRICT COMPLIANCE 
One Party’s acceptance of the other Party’s performance that is not in strict compliance with 
the terms of this Agreement shall not be deemed to waive the requirements of strict 
compliance for all future performance. All changes in performance obligations under this 
Agreement shall be in writing and signed by both Parties. 
 
20.0 
SINGLE AUDIT ACT REQUIREMENTS 
The Subrecipient is in receipt of federal funds through the County and is subject to the 
federal audit requirements of the Single Audit Act of 1984, as amended (Pub. L. No. 98-502) 
(codified at 31 U.S.C. § 7501, et seq.). The Subrecipient shall comply with 2 C.F.R. 200, 
Subpart F. Upon completion, such audits shall be made available for public inspection. 
Audits shall be submitted to the County within the twelve (12) months following the close of 
the fiscal year. The Subrecipient shall take corrective actions within six (6) months of the 
date of receipt of audit findings. The County shall consider sanctions as described in 2 
C.F.R. § 200.505 if it is determined by HUD or the County that the Subrecipient is not in -
compliance with the audit requirements. 
 
21.0 
AUDIT DISALLOWANCES 
21.1 
The Subrecipient shall, upon written notice, reimburse the County for any payments 
made under this Agreement that are disallowed by a federal, state, or County audit 
in the amount of the disallowance. Court costs and attorney and expert fees incurred 
will be specifically identified as applicable to the recovery of the disallowed costs in 
question. 
21.2 
If the County determines that a cost for which payment has been made is a 
disallowed cost, then the County will notify the Subrecipient in writing of the 
disallowance and the required course of action, which shall be at the option of the 
County, either to adjust any future claim submitted by the Subrecipient by the 
amount of the disallowance or to require immediate repayment of the disallowed 
amount by the Subrecipient issuing a check payable to the County. 
 
22.0 
LIMITATION ON LIABILITY 
22.1 
The County and its agents, representatives, officials, officers, directors, 
employees, volunteers, departments, agencies, boards, committees, and 
commissions shall not be liable for any act or omission by the Subrecipient or any 
and all of its agents, representatives, officials, officers, directors, employees, 
volunteers, departments, agencies, boards, committees, or commissions occurring 
in the performance of this Agreement, nor shall the County and its agents, 
representatives, officials, officers, directors, employees, volunteers, departments, 
agencies, boards, committees, and commissions be liable for purchases or 
contracts made by the Subrecipient or any and all of its agents, representatives, 
officials, officers, directors, employees, volunteers, departments, agencies, 
boards, committees, or commissions in connection with this Agreement. 
22.2 
The Subrecipient and its agents, representatives, officials, officers, directors, 
employees, volunteers, departments, agencies, boards, committees, and 
commissions shall not be liable for any act or omission by the County or any and 
all of its agents, representatives, officials, officers, directors, employees, 
volunteers, departments, agencies, boards, committees, or commissions

Industrial Development Authority of the County of Maricopa  
Page 8 of 20 
occurring in the performance of this Agreement, nor shall the Subrecipient and its 
agents, representatives, officials, officers, directors, employees, volunteers, 
departments, agencies, boards, committees, and commissions be liable for 
purchases or contracts made by the County or any and all of its agents, 
representatives, officials, officers, directors, employees, volunteers, departments, 
agencies, boards, committees, or commissions in connection with this Agreement. 
 
23.0 
GENERAL INDEMNIFICATION 
Each Party (as “Indemnitor”) agrees to indemnify, defend, and hold harmless the other 
Party and its officers, officials, employees, and agents (collectively, “Indemnitees”) from 
and against any and all claims, losses, liability, costs, or expenses (including reasonable 
attorney and expert fees) (collectively referred to as “Claims”) either arising from or 
related to breach of this Agreement, but only to the extent that such Claims are caused 
by the act, omission, negligence, misconduct, or other fault of the Indemnitor and any 
and all of its agents, representatives, officials, officers, directors, employees, volunteers, 
departments, agencies, boards, committees, and commissions. The obligations under 
this Section 26 shall survive termination of this Agreement. 
 
24.0 
INSURANCE 
Each Party is a public entity and shall provide the other Party a Certificate of Self-Insurance 
equal to: 
General Aggregate 
 
$3,000,000  
Each Occurrence Limit 
$1,000,000 
 
25.0 
OFFSHORE PERFORMANCE OF WORK PROHIBITED 
Due to security and identity protection concerns, direct services under this Agreement shall 
be performed within the borders of the United States. Any services that are described in 
the specifications or scope of work that directly serve the State of Arizona or its clients and 
may involve access to secure or sensitive data or personal client data or development or 
modification of software for the State shall be performed within the borders of the United 
States. Unless specifically stated otherwise in the specifications, this definition does not 
apply to indirect or “overhead” services, redundant back-up services, or services that are 
incidental to the performance of the Agreement. The provision applies to work performed 
by Subrecipients or Subcontractors at all tiers. 
 
26.0 
TECHNICAL ASSISTANCE 
The County will provide reasonable technical assistance to the Subrecipient to assist in 
complying with state and federal laws, and regulations, and accountability for diligent 
performance and compliance with the terms and conditions of this Agreement and all 
applicable laws, regulations, and standards. However, this assistance in no way relieves the 
Subrecipient of full responsibility and accountability for its actions and performance in 
compliance with the terms of this Agreement. 
 
27.0 
STAFF AND VOLUNTEER TRAINING 
The County may make available to the Subrecipient the opportunity to participate in any 
applicable training activities conducted by the County. 
 
28.0 
CLEAN AIR ACT 
If the total face value of this Agreement exceeds $100,000, the Subrecipient agree to comply 
with all regulations, standards and orders issued pursuant to the Clean Air Act of 1970, as

Industrial Development Authority of the County of Maricopa  
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amended (42 U.S.C. §§ 7401, et seq.), to the extent any are applicable by reason of 
performance of this Agreement. 
 
29.0 
LOBBYING 
29.1 
No federal appropriated funds have been paid or will be paid by or on behalf of the 
Subrecipient to any person for influencing or attempting to influence an officer or 
employee of any agency, a member of Congress, an officer or employee of 
Congress, or an employee of a member of Congress in connection with the awarding 
of any federal agreement, the making of any federal grant, the making of any federal 
loan, the entering into of any cooperative agreement, and the extension, 
continuation, renewal, amendment, or modification of any federal agreement, grant, 
loan, or cooperative agreement. 
29.2 
If any funds, other than federal appropriated funds, have been paid or will be paid to 
any person for influencing or attempting to influence an officer or employee of any 
agency, a member of Congress, an officer or employee of Congress, or an employee 
of a member of Congress in connection with any federal agreement, grant, loan or 
cooperative agreement, then the Subrecipient shall complete and submit OMB 
Form-LLL, titled "Disclosure of Lobbying Activities," in accordance with its 
instructions and 31 U.S.C. § 1352. 
 
30.0 
RELIGIOUS ACTIVITIES 
The Subrecipient warrants that none of its costs and none of the costs incurred by the 
Subrecipient or any of its Subcontractors will include any expense for any religious activities. 
 
31.0 
POLITICAL ACTIVITY PROHIBITED 
None of the funds, materials, property, or services contributed by the County or the 
Subrecipient or any Subcontractor under this Agreement shall be used for any partisan 
political activity, or to further the election or defeat of any candidate for public office. 
 
32.0 
COVENANT AGAINST CONTINGENT FEES 
The Subrecipient warrants that no persons or entities have been employed or retained by it 
to solicit or secure this Agreement upon an agreement or understanding for a commission, 
percentage, brokerage, or contingent fee. For breach or violation of this warranty, the 
County may immediately terminate this Agreement without liability. 
 
33.0 
RIGHTS IN DATA 
The Parties shall each have the use of data and reports resulting from this Agreement 
without cost or other restriction, except as otherwise provided by law or applicable 
regulation. Each Party shall supply to the other Party, upon request, any available 
information that is relevant to this Agreement and to the performance under it, except to the 
extent prohibited by law. 
 
34.0 
COPYRIGHTS 
If this Agreement results in a book or other written material, the author is free to copyright 
the work, but the Parties reserve a royalty-free, nonexclusive, perpetual and irrevocable 
license to reproduce, publish, and otherwise use and to authorize others to use, all 
copyrighted material and all material that may be copyrighted as a result of this Agreement. 
 
35.0 
AGREEMENT COMPLIANCE MONITORING/AUDITING 
35.1 
The County will monitor the Subrecipient's compliance as needed for fiscal and 
programmatic performance under the terms and conditions of this Agreement and

Industrial Development Authority of the County of Maricopa  
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applicable regulations promulgated by the U.S. Department of Housing and Urban 
Development and Maricopa County. On-site visits for compliance monitoring may 
be made by the County or its grantor agencies (or by both the County and its grantor 
agencies) at any time during the Subrecipient's normal business hours, announced 
and/or unannounced. For auditing purposes, the County shall provide the 
Subrecipient with 30-days’ advance notice of any proposed on-site visit. During an 
on-site visit(s), the Subrecipient shall reasonably make all of its records and 
accounts related to work performed or services provided under this Agreement 
available to the County for inspection and copying. 
35.2 
The County shall request information for fiscal monitoring/audit per Office of 
Management and Budget (OMB) Uniform Guidance 2 C.F.R. § 200, to include as 
applicable: 
35.2.1 Financial Management 2 C.F.R. § 200.302 
35.2.2 Internal Controls 2 C.F.R. § 200.303 
35.2.3 Bonds 2 C.F.R. § 200.304 
35.2.4 Payment and Financial Reporting 2 C.F.R. § 200.305 
35.2.5 Cost Sharing or Matching 2 C.F.R. § 200.306 
35.2.6 Program Income 2 C.F.R. § 200.307 
35.2.7 Revision of Budget and Program Plans 2 C.F.R. § 200.308 
35.2.8 Period of Performance 2 C.F.R. § 200.309 
35.2.9 Insurance Coverage 2 C.F.R. § 200.310 
35.2.10 
Record Retention and Access 2 C.F.R. §§ 200.334 – 200.338 
35.2.11 
Procurement Standards 2 C.F.R. § 200.318 
35.2.12 
Indirect Costs 2 C.F.R. § 200.414 
35.2.13 
Compensation-Personal Services 2 C.F.R. § 200.430 
35.2.14 
Audit Requirements 2 C.F.R. §§ 200.501-200.517 
 
36.0 
CONTINGENCY RELATING TO OTHER AGREEMENTS AND GRANTS 
36.1 
The Subrecipient shall, during the term of this Agreement, within fifteen (15) 
business days from acceptance, inform the Director in writing of the award of any 
other agreement or grant, including any other agreement or grant awarded by the 
County, where the award may affect either the direct or indirect costs being paid or 
reimbursed under this Agreement. The Subrecipient’s failure to notify the County of 
any such agreement shall be a breach of this Agreement and the County may 
immediately terminate this Agreement without liability. 
36.2 
The Director may request, and Subrecipient shall provide within a reasonable time, 
which shall not exceed ten (10) business days, a copy of all such other agreements 
or grants, when, in the opinion of the Director, the award of the agreement or grant 
may affect the costs being paid or reimbursed under this Agreement, except to the 
extent prohibited by law. 
36.3 
If the Director determines that the award to the Subrecipient of such other 
agreements or grants has affected the costs being paid or reimbursed under this 
Agreement, then the Director shall prepare an amendment to this Agreement 
effecting a cost adjustment. If the Subrecipient disputes the proposed cost 
adjustment, then the dispute shall be resolved pursuant to the "Disputes" paragraph 
of this Agreement. 
 
37.0 
MINIMUM WAGE REQUIREMENTS 
The Subrecipient warrants that it shall pay all of its employees who are engaged in either 
performing work or providing services under the terms of this Agreement not less than the 
minimum wage specified under Section 206(a)(1) of the Fair Labor Standards Act of 1938,

Industrial Development Authority of the County of Maricopa  
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as amended (29 U.S.C. §§ 201, et seq.), by law and regulation, and, as applicable, 
Executive Order 13658, as amended, and as specified by Arizona law. 
 
38.0 
RECOGNITION OF COUNTY SUPPORT 
The Subrecipient shall give recognition to the County and the funding source for its support 
when the Subrecipient publishes materials or releases public information that is paid for in 
whole or in part with funds received by the Subrecipient under this Agreement. 
 
39.0 
NONDISCRIMINATION, EQUAL OPPORTUNITY AND EQUAL ACCESS 
The Subrecipient, in connection with any services or other activities under this Agreement, 
shall not in any way discriminate against any person on the grounds of race, color, religion, 
sex, national origin, age, disability, political affiliation or belief. The Subrecipient shall include 
this clause in all its Subcontracts. 
 
40.0 
DISABILITY REQUIREMENTS 
The Subrecipient agrees that any electronic or information technology offered under this 
Agreement shall comply with A.R.S. §§41-2531 and 41-2532 and Section 508 of the 
Rehabilitation Act of 1973, which requires that employees and members of the public shall 
have access to and use of information technology that is comparable to the access and 
use by employees and members of the public who are not individuals with disabilities. 
 
41.0 
EQUAL EMPLOYMENT OPPORTUNITY 
41.1 
The Subrecipient shall not discriminate against any employee or applicant for 
employment because of race, age, disability, color, religion, sex, sexual identity, 
gender identity, or national origin. 
41.2 
The Subrecipient shall take affirmative action to ensure that applicants are employed 
and that employees are treated during employment without regard to their race, age, 
disability, color, religion, sex, sexual identity, gender identity, or national origin. Such 
action shall include, but is not limited to, the following: employment, upgrading, 
demotion or transfer, recruitment or recruitment advertising, lay-off or termination, 
rates of pay or other forms of compensation, and selection for training, including 
apprenticeship. 
41.3 
The Subrecipient shall and shall cause their respective Subcontractors to comply 
with: 
41.3.1 Title VI and VII of the Civil Rights Act of 1964, as amended (42 U.S.C. §§ 
2000a, et seq.); 
41.3.2 the Rehabilitation Act of 1973, as amended (29 U.S.C. §§ 701, et seq.); 
41.3.3 the Age Discrimination in Employment Act of 1967, as amended (29 U.S.C. 
§§ 621, et seq.); 
41.3.4 the Americans With Disabilities Act of 1990 (42 U.S.C. §§ 12101, et seq.); 
and 
41.3.5 Arizona Executive Order 2009-09, as amended, et seq. which mandates that 
all persons shall have equal access to employment opportunities. 
 
42.0 
UNIFORM ADMINISTRATIVE REQUIREMENTS 
By entering into this Agreement, The Subrecipient agree to comply with all applicable 
provisions of Title 2, Subtitle A, Chapter II, Part 200—UNIFORM ADMINISTRATIVE 
REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL 
AWARDS contained in Title 2 C.F.R. §§ 200, et seq. 
 
43.0 
FINANCIAL MANAGEMENT

Industrial Development Authority of the County of Maricopa  
Page 12 of 20 
The Subrecipient shall establish and maintain a separate, interest-bearing bank account for 
money provided under this Agreement, or shall establish an accounting system that assures 
the safeguarding and accountability of all money and assets provided under this Agreement. 
No part of the money deposited in the bank account shall be commingled with other funds 
or money belonging to the Subrecipient. All interest earned on the account shall be 
disbursed in a manner specified by the County in accordance with applicable State of 
Arizona and federal regulations. The Subrecipient shall provide a signed bank account 
agreement authorizing the County to obtain information about the account. If an accounting 
system is used, then it shall be in accordance with generally accepted accounting principles. 
 
44.0 
RETENTION OF RECORDS 
44.1 
This provision applies to all financial and programmatic records, supporting 
document, statistical records, and other records of the Subrecipient that are related 
to this Agreement. 
44.2 
The Subrecipient shall retain all records relevant to this Agreement for six (6) years 
after final payment or until after the resolution of any audit questions which could be 
more than six (6) years, whichever is longer, and the County, federal and state 
auditors and any other persons duly authorized by the County shall have full access 
to, and the right to examine, copy, and make use of any and all of the records. 
 
45.0 
ADEQUACY OF RECORDS 
If the Subrecipient’s books, records and other documents related to this Agreement are not 
sufficient to support and document that allowable services were provided to eligible 
participants as determined by a court of competent jurisdiction, then the Subrecipient shall 
reimburse the County for the services not supported and documented. 
 
46.0 
IMMIGRATION LAWS AND REGULATIONS 
46.1 
Federal Immigration and Nationality Act 
46.1.1 The Subrecipient understand and acknowledge the applicability of the 
Immigration Reform and Control Act of 1986 (IRCA). The Subrecipient 
agrees to comply with the IRCA in performing under this Agreement and to 
permit the County to reasonably inspect personnel records to verify such 
compliance, to the extent required by law. 
46.1.2 By entering into this Agreement, the Subrecipient warrants compliance with 
the Federal Immigration and Nationality Act (FINA) and all other federal 
immigration laws and regulations related to the immigration status of its 
employees. The Subrecipient shall obtain statements from their 
subcontractors certifying compliance and shall furnish the statements to 
the County upon request. These warranties shall remain in effect through 
the term of the Agreement. The Subrecipient and their subcontractors shall 
also maintain Employment Eligibility Verification forms (I-9) as required by 
the U.S. Department of Labor’s Immigration and Control Act for all 
employees performing work under the Agreement. I-9 forms are available 
for download at USCIS.GOV. 
46.1.3 The County may request verification of compliance for any employee or 
Subcontractor performing work under the Agreement. Should the County 
suspect or find that the Subrecipient or any of its Subcontractors are not in 
compliance, then the County may pursue any and all remedies allowed by 
law, including, but not limited to: suspension of work, termination of the 
Agreement for default, and suspension or debarment (or both) of the

Industrial Development Authority of the County of Maricopa  
Page 13 of 20 
Subrecipient. All costs necessary to verify compliance are the responsibility 
of the Subrecipient or its Subcontractor. 
46.2 
Arizona Law: The Subrecipient warrants that it is in compliance with A.R.S. § 41-
4401 (e-verify requirements) and further acknowledges that: 
46.2.1 That the Subrecipient and their respective Vendors, if any, warrant their 
compliance with all federal immigration laws and regulations that relate to 
their employees and their compliance with A.R.S. § 23-214; 
46.2.2 A breach of a warranty under this Subparagraph 46.2.2 shall be deemed a 
material breach of this Agreement and the County may immediately 
terminate this Agreement without liability; and 
46.2.3 The County and any contracting government entity retain the legal right to 
inspect the papers and employment records of the Subrecipient or their 
respective Vendor employees who works on this Agreement to ensure that 
such Party or Vendor is complying with the warranty provided under this 
Subparagraph 46.2.3 and that the Subrecipient agrees to make all papers 
and employment records of those employees available during normal 
working hours in order to facilitate such an inspection. 
 
47.0 
DRUG FREE WORKPLACE ACT 
The Subrecipient shall comply with the Drug-Free Workplace Act of 1988 (41 U.S.C. §§ 701, 
et seq.), which requires that Subrecipients and grantees of federal funds must certify that 
they will provide drug-free workplaces. This certification is a precondition to receiving a grant 
or entering into this Agreement. 
 
48.0 
CERTIFICATION REGARDING DEBARMENT, SUSPENSION INELIGIBILITY AND 
VOLUNTARY EXCLUSION 
48.1 
The undersigned, by signing this Agreement, represents that he/she has the 
authority to bind the Subrecipient to the terms of this Certification. The Subrecipient, 
as the primary participant in accordance with 2 C.F.R. Part 180, certifies to the best 
of its knowledge and belief that it and its principals: 
48.1.1 Are not presently debarred, suspended, proposed for debarment, declared 
ineligible, or voluntarily excluded from covered transactions by any federal 
department or agency; 
48.1.2 Have not within a 3-year period preceding the Start Date of this Agreement, 
been convicted of or had a civil judgment rendered against them for (1) the 
commission of fraud or a criminal offense in connection with obtaining, 
attempting to obtain, or performing a public (federal, State, or local) 
transaction or contract under a public transaction; (2) the violation of any 
federal or State antitrust statutes or (3) the commission of embezzlement, 
theft, forgery, bribery, falsification or destruction of records, making false 
statements, or receiving stolen property; 
48.1.3 Are not presently indicted or otherwise criminally or civilly charged by a 
governmental entity (federal, state, or local) with the commission of any of 
the offenses enumerated in Sub-subparagraph 48.1.2 above; and 
48.1.4 Have not, within a three-year period preceding this Start Date of this 
Agreement, had one or more public transactions (federal, state, or local) 
terminated for cause or default. 
48.2 
The Subrecipient agrees to include, without modification, this clause in all lower tier 
covered transactions (i.e., transactions with Subcontractors) and in all solicitations 
for lower tier covered transactions related to this Agreement.

Industrial Development Authority of the County of Maricopa  
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49.0 
SUBRECIPIENT EMPLOYEE WHISTLEBLOWER RIGHTS AND REQUIREMENT TO 
INFORM EMPLOYEES OF WHISTLEBLOWER RIGHTS: 
49.1 
The Subrecipient agrees that this Agreement and employees working on this 
Agreement will be subject to the whistleblower rights and remedies in the pilot 
program on the Subrecipient employee whistleblower protections established at 
41 U.S.C. § 4712 by Section 828 of the National Defense Authorization Act for 
Fiscal Year 2013 (Pub. L. 112–239) and Section 3.908 of the Federal Acquisition 
Regulation; 
49.2 
The Subrecipient shall inform its employees in writing, in the predominant 
language of the workforce, of employee whistleblower rights and protections under 
41 U.S.C. § 4712, as described in Section 3.908 of the Federal Acquisition 
Regulation. Documentation of such employee notification must be kept on file by 
the Subrecipient and copies provided to County upon request; and 
49.3 
The Subrecipient shall insert the substance of this clause, including this Paragraph 
49.0, in all subcontracts over the simplified acquisition threshold ($250,000 as of 
June 2021). 
 
50.0 
WRITTEN CERTIFICATION PURSUANT TO A.R.S. § 35-393.01 
If the Subrecipient engages in for-profit activity and has 10 or more employees, and if this 
Agreement has a value of $100,000 or more, then the Subrecipient certifies it is not 
currently engaged in, and agrees for the duration of this Agreement not to engage in, a 
boycott of goods and services from Israel. This certification does not apply to a boycott 
prohibited by 50 U.S.C. § 4842 or a regulation issued pursuant to 50 U.S.C. § 4842. 
 
51.0 
SURVIVAL 
The indemnification, hold harmless, defense, and non-liability provisions of this Agreement 
shall have full force and effect notwithstanding any other provisions in this Agreement and 
shall survive the termination or expiration of this Agreement. 
 
52.0 
DEFAULT AND REMEDIES FOR NONCOMPLIANCE 
52.1 
Notwithstanding anything to the contrary, this Section shall not be deleted or 
superseded by any other provision of this Agreement. 
52.2 
This Agreement may be immediately terminated by a Party if the other Party 
defaults by failing to perform any objective or breaches any obligation under this 
Agreement, or any event occurs that jeopardizes the other Party’s ability to perform 
any of its obligations under this Agreement.  
52.3 
Failure to comply with the requirements of this Agreement and all the applicable 
federal, state, or local laws, rules, and regulations may result in suspension or 
termination of this Agreement, the return of unexpended funds (less just 
compensation for work satisfactorily completed that, to date, has not been paid), 
the reimbursement of funds improperly expended, or the recovery of funds 
improperly acquired. Noncompliance includes, but is not limited to: 
52.3.1 Non-performance of any obligations required by this Agreement. 
52.3.2 Noncompliance with any applicable federal, state, or local laws, rules, or 
regulations. 
52.3.3 Unauthorized expenditure of funds. 
52.3.4 Noncompliance with applicable financial record requirements, accounting 
principles, or standards established by OMB circulars and 2 C.F.R. §§ 200 
et seq. 
52.3.5 Noncompliance with recordkeeping, record retention, or reporting 
requirements.

Industrial Development Authority of the County of Maricopa  
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52.4 
Notwithstanding the suspension or termination of this Agreement, or the final 
determination of the proper disposition of funds, each Party shall, without intent to 
limit or with restrictions, be subject to the following: 
52.4.1 Acknowledge that suspension or termination of this Agreement does not 
affect or terminate any rights against that Party at the time of suspension 
or termination, or that may accrue later. Nothing herein shall be construed 
to limit or terminate any right or remedy available under Agreement or rule. 
52.4.2 Waiver of a breach or default of any term, covenant, or condition of this 
Agreement or any federal, state, or local law, rule, or regulation shall not 
operate as a waiver of any subsequent breach of the same or any other 
term, covenant, condition, law, rule, or regulation. 
52.5 
The Subrecipient shall, upon notice or with knowledge obtained by itself or others, 
take any and all proactive actions necessary, and provide any and all applicable 
remedies to address and correct any act by itself, and any and all of its agents, 
representatives, officers, officials, directors, employees, volunteers, successors, 
assigns, or Subcontractors that resulted in any wrongdoing (intentional or 
unintentional); misuse or misappropriation of funds; the incorrect or improper 
disposition of funds; any violation of any federal, state, or local law, rule, or 
regulation; or the breach of any certification or warranty provided in this 
Agreement. 
 
53.0 
ADMINISTRATIVE REQUIREMENTS 
53.1 
Accounting Standards - The Subrecipient agrees to comply with this Agreement 
and to adhere to the accounting principles and procedures required to utilize 
adequate internal controls and maintain necessary source documentation for all 
costs incurred, as well as any applicable federal laws and regulations. The 
Subrecipient further agrees to maintain an adequate accounting system that 
provides for appropriate grant accounting (including calculation of program 
income). 
53.2 
Repayment of Funds – The Subrecipient agrees to repay funds provided under 
this Agreement for noncompliance with the terms of this Agreement. Repayment 
shall be in accordance with the terms of this Agreement or the requirement of 
applicable laws and regulations, including continuing use compliance. The County 
may specify in writing, the terms of the repayment or alternative terms in lieu of 
repayment. However, in no case shall repayment or alternative terms be 
accomplished later than sixty (60) calendar days following the written 
determination of noncompliance by the County. 
53.3 
Documentation and Record Keeping - The Subrecipient agrees to comply with this 
Agreement and the following record keeping requirements: 
53.3.1 Records to be maintained - The Subrecipient shall maintain all financial 
records as required by 2 C.F.R. § 200, and OMB Circulars; 
53.3.2 System for Award Management -The Subrecipient and all subcontractors 
or subrecipients shall have a valid Unique Entity Identifier (UEI) number 
and an active profile in the federal System for Award Management, or 
SAM.gov. Documentation of the UEI Number must be included in all project 
files.  
53.3.3 Records Retention - The Subrecipient shall retain all records pertinent to 
this Agreement for a period of six (6) years after all requirements have been 
met. In the event of litigation, a claim, or an audit is begun before the 
expiration of this retention period, said records shall be retained until all 
such action or audit findings involving the records have been resolved.

Industrial Development Authority of the County of Maricopa  
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53.3.4 Disclosure - The Subrecipient understands that client information collected 
under this Agreement is private and the use or disclosure of such 
information, when not directly connected with the administration of the 
County's or the Subrecipient's responsibilities with respect to services 
provided under this Agreement, is prohibited unless written consent is 
obtained from such person receiving service. 
53.3.5 Property Records - The Subrecipient shall maintain property and 
equipment inventory records that clearly identify properties and equipment 
purchased, improved, or sold. Properties and equipment retained shall 
continue to meet eligibility criteria and shall conform to the use of property 
and equipment. 
 
54.0 
UYGHUR FORCED LABOR PREVENTION ACT (UFLPA) 
54.1 
The Subrecipient warrants and certifies that it does not currently, and agrees for 
the duration of the agreement that it will not, use: 
54.1.1 The forced labor of ethnic Uyghurs in the People’s Republic of China. 
54.1.2 Any goods or services produced by the forced labor of ethnic Uyghurs in 
the People’s Republic of China. 
54.1.3 Any contractors, subcontractors or suppliers that use the forced labor or 
any goods or services produced by the forced labor of ethnic Uyghurs in 
the People’s Republic of China. 
54.2 
If the Subrecipient becomes aware during the term of the Agreement that the 
Subrecipient is not in compliance with this paragraph, the Subrecipient shall notify 
the County within five business days after becoming aware of the noncompliance. 
Failure of the Subrecipient to provide a written certification that the Subrecipient 
has remedied the noncompliance within one hundred eighty (180) days after 
notifying the public entity of its noncompliance, this Agreement shall terminate 
unless the Term of this Agreement shall end prior to said one hundred eighty (180) 
day period. 
 
55.0 
FORCE MAJEURE 
55.1 
Neither Party shall be liable for failure of performance, nor incur any liability to the 
other Party on account of any loss or damage resulting from any delay or failure to 
perform all or any part of this Agreement if such delay or failure is caused by 
events, occurrences, or causes beyond the reasonable control and without 
negligence of the Parties. Such events, occurrences, or causes will include Acts 
of God/Nature (including fire, flood, earthquake, storm, hurricane, or other natural 
disaster), war, invasion, act of foreign enemies, hostilities (whether war is declared 
or not), civil war, riots, rebellion, revolution, insurrection, military or usurped power 
or confiscation, terrorist activities, nationalization, government sanction, lockout, 
blockage, embargo, labor dispute, strike, pandemic, and interruption or failure of 
electricity or telecommunication service. 
55.2 
Each Party, as applicable, shall give the other Party notice of its inability to perform 
and particulars in reasonable detail of the cause of the inability. Each party must 
use best efforts to remedy the situation and remove, as soon as practicable, the 
cause of its inability to perform or comply. 
55.3 
The Party asserting Force Majeure as a cause for non-performance shall have the 
burden of proving that reasonable steps were taken to minimize delay or damages 
caused by foreseeable events, all non-excused obligations were substantially 
fulfilled, and the other Party was timely notified of the likelihood or actual

Industrial Development Authority of the County of Maricopa  
Page 17 of 20 
occurrence that would justify such an assertion, so that other prudent precautions 
could be contemplated. 
 
IN WITNESS, the Parties have approved and signed this Agreement: 
 
APPROVED BY: 
INDUSTRIAL DEVELOPMENT AUTHORITY 
of MARICOPA COUNTY 
 
 
___________________________________ 
Executive Director           Date 
APPROVED BY:  
MARICOPA COUNTY 
 
 
 
____________________________________ 
Clint Hickman, Chairman                         Date 
Board of Supervisors 
 
 
 
Attested to: 
 
 
 
 
 
 
 
 
 
Juanita Garza, Clerk of the Board         Date 
 
APPROVED AS TO FORM: 
 
 
 
 
 
 
 
 
 
Attorney for Subrecipient                                Date 
IN ACCORDANCE WITH A.R.S. §§ 11-201, 
11-251, AND 11-952, THIS AGREEMENT HAS 
BEEN REVIEWED BY THE UNDERSIGNED 
ATTORNEY WHO HAS DETERMINED THIS 
AGREEMENT IS PROPER IN FORM AND 
WITHIN THE POWERS AND AUTHORITY 
GRANTED TO MARICOPA COUNTY UNDER 
THE LAWS OF THE STATE OF ARIZONA. 
APPROVED AS TO FORM: 
 
 
 
 
 
 
 
 
 
Kim Miles, Deputy County Attorney       Date

Industrial Development Authority of the County of Maricopa  
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EXHIBIT A - STATEMENT OF WORK 
 
1.0 
Project Description: 
1.1 
The Project as described herein, shall utilize $500,000 ARPA funds combined with 
Subrecipient’s $500,000 mortgage market premium funds to provide down 
payment and closing cost assistance (“DPA”) to Eligible Homebuyers looking to 
purchase homes throughout Maricopa County. The leveraging of ARPA funds with 
market premium is subject to market conditions. The $1,000,000 of total funds 
would provide borrowers a forgivable loan with Federal Housing Authority (FHA)-
insured 30-year fixed mortgage loans (FHA Loans). Assuming an average 4% DPA 
level and a $300,000 average FHA loan size, that equates to around $50,000,000 
of FHA Loans to 83 homebuyers.  
 
1.2 
Eligible homebuyers must meet all FHA credit and underwriting guidelines. Eligible 
homebuyer’s annual household incomes must not exceed 80% area median 
income (AMI) based on homebuyer's household size. Updated HOME income 
limits from the Maricopa County Housing & Community Development division are 
available annually. These limits are adjusted annually by the U.S. Department of 
Housing & Urban Development (HUD). The Subrecipient can request the updated 
limits from the County or by going to https://www.maricopa.gov/3893/Notices-
Documents or going to HUD’s website for the updated versions each year. 
 
1.3 
The second loan would be forgivable over seven years and reduced by 1/84th per 
month for as long as the borrower remains in the home and has not sold or 
refinanced. This assistance is evidenced by a subordinate note and secured by a 
subordinate lien on the property. If the property is sold or refinanced within seven 
years, a pro-rata share of the amount repaid by the Borrower (forgiven 1/84th per 
month for as long as the Borrower remains in the home) is subject to be deposited 
into a revolving loan account that will be used to continue funding the project.   
 
1.4 
All homes acquired will meet Federal Housing Administration (FHA) home 
inspection requirements. 
 
1.5 
The ARPA funding will allow the Subrecipient to blend funds with what market 
premiums are available at lower loan rates. Possible loan rates can be 0.5% lower 
than current rates with 3% of DPA and increase the availability of rates with 4% or 
5% of DPA. 
 
1.6 
The table below shows the number of borrowers that could be assisted with ARPA 
funds at an average 4% DPA level.  
 
ARPA 
Funds 
Matching 
HI5 Funds 
Total 2nd 
Funds 
Average 
2nd 
First Loans 
(est.) 
Borrowers 
(#) 
$500,000 
$500,000 
$1,000,000 
4% 
$50,000,000 
83 
 
2.0 
Project Background: 
2.1 
Program History: Since 2012, Maricopa County Industrial Development Authority’s 
Home in Five Homebuyers Assistance Program has funded $4.99 billion in First 
Loans and $191.3 million grants/2nd loans for the benefit of 24,816 homebuyers 
throughout Maricopa County. An additional $3.74 million of assistance has also

Industrial Development Authority of the County of Maricopa  
Page 19 of 20 
been funded for Targeted Borrowers – i.e., borrowers earning up to 50% of the 
County median income or purchasing homes in designated Low Income Census 
Tracts, First Responders, Military Personnel, and K-12 teachers.    
 
3.0 
Home in Five Homebuyers Assistance Program Description: 
3.1 
The Program is jointly sponsored by the Industrial Development Authorities of the 
City of Phoenix and the County of Maricopa. The Program is available throughout 
Maricopa County, including the City of Phoenix and other incorporated cities. In 
2019, the Program was reorganized, with a new Master Servicer (Lakeview Loan 
Servicing) and a new Program Administrator (Stifel Nicolaus). Since 2019, the 
Program has expanded its loan origination network to include 112 correspondent 
and wholesale lenders.  
 
3.2 
The Program offers FHA-insured, VA-guaranteed, Fannie Mae and Freddie Mac 
eligible first mortgage loans and has offered DPA of up to 7% of the First Loan 
Amount through Second Loans, with 3-year, 7-year or 30-year forgiveness. The 
Second Loans are subject to repayment if the property is sold or refinanced within 
the forgiveness period, but the borrower is eligible for a reduction (“forgiveness”) 
over time.  
 
3.3 
Lower rates and additional down payment assistance are available for Targeted 
Borrowers – i.e., (i) those borrowers earning up to 50% of the County median 
income, (ii) those borrowers purchasing homes in Low-Income Qualified Census 
Tracts, and (iii) those borrowers who qualify as first responders, military personnel, 
or K-12 teachers.  
 
3.4 
Eligible Homebuyers must qualify for the First Loans subject to certain credit score 
minimums and debt-to-income ratio maximums and in accordance with FHA, VA, 
Fannie Mae and Freddie Mac, and Lakeview underwriting guidelines. 
 
3.5 
The grant or second loan assistance is Program-funded, generated through the 
sale of the First Loans as mortgage-backed securities at a premium into the 
secondary mortgage market. Given recent market conditions, these premium 
levels are significantly lower. The Program has been hard-pressed to offer a 3% 
2nd loan option but has been unable to fund the 4% and 5% sized options. The 
ARPA contribution will allow the Program to blend the ARPA funds with what little 
premium is available to offer the desired 4% sized assistance at a lower first loan 
rate for eligible FHA homebuyers.  
 
4.0 
Deliverables: 
 
Beneficiaries 
Number of households (units) 
83 
Number of people served annually (approximat
250 
 
5.0 
Budget: 
 
Fund Sources 
Sources 
Total 
Maricopa County – ARPA 
$500,000

Industrial Development Authority of the County of Maricopa  
Page 20 of 20 
 
6.0 
Proposed Project Schedule: 
 
Project Milestone 
Estimated 
Completion Date 
Comments 
Provide $250,000 of assistance to approximately 21 homebuyers 
9/30/2023 
21 borrowers 
Provide $250,000 of assistance to approximately 21 homebuyers 
11/30/2023 
21 borrowers 
Provide $250,000 of assistance to approximately 21 homebuyers 
1/31/2024 
21 borrowers 
Provide $250,000 of assistance to approximately 20 homebuyers 
3/31/2024 
20 borrowers