2017A WORK STATEMENT CITY OF PEORIA AMEND 1.PDF

MARICOPA COUNTY
HOME Investment Partnerships Program
FY 2017-2018
DUNS #: 002494128
Consortium Member: Peoria, Arizona
Program Year: 2017
Project: Administration Costs and Construction of New Housing and Homebuyer Assistance
FY 2017-2018 HOME Funds: $156,769 (new construction w/developer fee), $10,000 (homebuyer
assistance) and $11,118 (administration) = $177,887
Type of Property: Single Family
DETAILED SCOPE OF WORK: HOME funds will be used in the construction of two (2) new
affordable homes located in Peoria’s targeted neighborhoods. The homes will be sold to qualified low-to-
moderate income families in need of housing. $11,118 will be used for administrative costs, $146,769 will be
used towards infrastructure and direct construction costs, $10,000 will be used for a developer fee, and the
remaining $10,000 will be used towards direct homebuyer assistance. Other pertinent information is as
follows:
a. Consolidated Plan goals as it relates to this activity, include the priority rating i.e. High, Low
 Affordable Housing is a High Priority.
b. Type of assistance/activity to be provided with HOME funds:
 Construction of New Housing
 Administration
 Direct Homebuyer Assistance
c. Methods and instruments used for ensuring affordability:
 The HOME funds will be secured by a Deed of Trust and Promissory Note.
 The Recapture provision is used in which all HOME funds are subject to repayment.
Any repayment of HOME funds will be made out of Net Proceeds, and are from the
sale of the HOME assisted unit.
 Net Proceeds is defined as: Net Proceeds = Sales Price (-) non-HOME debt
(-) closing costs.
d. Anticipated use of program income/project proceeds:
 There will be no program income generated through this project.

A. OBJECTIVES AND OUTCOMES:
OBJECTIVE OUTCOMES
AVAILABILITY/
AFFORDABILITY SUSTAINABILITY
ACCESSIBILITY
Homebuyer Activities,
Single Family Acquisition/Rehab of rental housing,
DECENT Housing Rehab and Acquisition/New Construction of rental Housing Activities in a
HOUSING Emergency Rehab, housing, Preservation of existing public targeted revitalization
Homebuyer housing units and TBRA, Expansion of area
Assistance assisted rental units in the private
marketplace
B. PROPOSED BENEFICIARIES:
Targeted Population by Number of Total Number Number of
Income Level Households of Units HOME Assisted
Units in program
(if rental)
Households at or below 50%
Households at or below 60% 1 1
Households at or below 80% 1 1
TOTAL 2 2
C. PRIORITY POPULATIONS: None
D. PERFORMANCE REPORTING GOALS-TIMELINE OF ACTIVITIES:
START COMPLETION
MILESTONES
DATE DATE
HOME Contract signed by City Council January 2018 February 2018
Market Study January 2017
Underwriting for the construction of the new homes January 2017
Secure Financing July 2017
Environmental Review January 2018 December 2108
RFQ Issued-Application Process January 2017
Developer Selected and Signed Development Contract June 2017 April 2018
Home Set up Report to County January 2019 December 2020
Construction to commence December 2018 December 2019
Certificate of Occupancy January 2020 June 30, 2020
Underwriting of Low/Moderate Income Family January 2020 June 30, 2020
Unit Occupied by Low/Moderate Income
Person/Family January 2020 June 30, 2020
Completion Report submitted to City January 2020 June 30, 2020
Any change to the Timeline will need to be submitted to and approved by Maricopa County.

E. ACTIVITY BUDGET SUMMARY:
ACTIVITIES 2017 HOME Additional Sources* TOTAL
FUNDS (defined in Table F.) COST
ACQUISITION
Land
Buildings
Closing Costs
Legal Fees
TOTAL
SITE & DEMOLITION
Site Work
Demolition
TOTAL
NEW CONSTRUCTION or REHAB
Construction Costs-Materials 120,769 79,231
Permits & Fees 200,000
Builder Overhead
Developer Fee 10,000 10,000
General Requirements
Consultant/Specialist
Permits & Fees
Construction Contingency
Sales Tax
Other-Infrastructure 26,000 26,000
TOTAL 156,769 79,231 236,000
ARCHITECTURAL FEES
Design
Supervision
Other
TOTAL
CONSTRUCTION INTEREST & FEES & LEGAL FEES
Construction Interest
Bond Premium
Title & recording
Insurance
Legal Fees
TOTAL
OTHER FEES
HB closing/counseling 7,300 7,300
HB Assistance 10,000 10,000
TOTAL 10,000 7,300 17,300
ADMINISTRATION COSTS
Program Delivery/Dvpr Fee- 11,118 11,118
Personnel Costs
Volunteer Labor 48,000 48,000
TOTAL 11,118 48,000 59,118
GRAND TOTAL $177,887 $134,531 $312,418

F. SOURCE AND AMOUNT OF OTHER RESOURCES:
VOLUNTEER/
FUNDING AGENCY CASH AMOUNT
IN-KIND AMOUNT
Volunteers 48,000
Foundation and Corporate Support 79,231
Other 7,300
TOTALS $86,531 $48,000
G. MATCH: Identify match sources and amounts that have been committed to the project: Match
commitment must equal 25% of the HOME funds requested. Documentation is due at the time of
request for payment(s). Match Logs must be submitted annually by June 30th of each year.
SOURCE/FUNDING
TYPE TOTAL
AGENCY
Cash or cash equivalents from a
41,692.25
non-federal source
Value of waived taxes, fees or
charges associated with HOME
projects
Value of donated land or real
property
Cost of infrastructure
improvements associated with
HOME projects
Percentage of proceeds from
single- or multi-family state
housing bonds
Value of donated materials,
equipment, labor and professional
services
Sweat equity
TOTALS $41,692.25