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Home My WebLink AboutMOU AND FINANCIAL STIPEND FOR FINANCIAL LITERACY PROGRAM_ CSRA ECONOMIC OPPORTUNITY AUTHORITY, EAST AUGUSTA COMMUNITY DEV. CORP, SAND HILLS URBAN DEVELOPMENT, INC. Memorandum of Understanding By and Between Augusta, Georgia , and the CSRA Economic Opportunity Authority FY 2019 Background and Intent This Memorandum of Understanding(MOU)clarifies the roles,responsibilities and Augusta, Georgia Homeownership Program. This Agreement,is made and entered into as of the c ) Si" day of Al p. 2019("the effective date") by and between Augusta, Georgia, acting through the Housing and Co unity Development Department (hereinafter referred to as"HCD")—with principal offices at 925 Lane Walker Blvd, 3rd Floor,Augusta, Georgia, as party of the first part,hereinafter called"Augusta and CSRA Economic Opportunity Authority, a Georgia nonprofit organization with an expertise in homeownership counseling and homebuyer assistance and HUD Certified, organized pursuant to the Laws of the State of Georgia, hereinafter called"CSRA EOA"as party in the second. WHEREAS,the sole purpose of this MOU is to encourage cooperation between Augusta, Georgia, CSRA EOA] and to further detail the separate and distinct roles and responsibilities of each party in the HAP program of Housing and Community Development : WHEREAS,there is a growing mismatch between the local workforce and the local housing stock affordable to them, and; WHEREAS,Employers, such as Housing and Community Development, are looking at ways to improve their workforce's access to local homeownership opportunities to reduce long commutes and the resulting tardiness,turnover and recruitment costs, and; WHEREAS, CSRA EOA,has the expertise to provide quality and efficient services to Augusta, Georgia in assisting their residents purchase homes through counseling sessions and linkages with appropriate lenders,and; WHEREAS, CSRA EOA supports such linkages between residents and housing organizations as part of its objective of increasing the workforce housing stock while strategically increasing the constituency of affordable housing advocates, and; WHEREAS,CSRA EOA have worked with the Housing and Community Development(HCD)to develop additional tools to strengthen employer-assisted housing initiatives,and; WHEREAS,the residents will participate only on a voluntary basis in the HAP program put forward by Augusta, Georgia; WHEREAS, CSRA EOA agrees to work with other local nonprofits such as Sand Hills Urban Development and East Augusta CDC in administering other select counseling programs; Homeownership Assistance MOU Page 1 of 6 THEREFORE,Augusta Housing and Community Development and CSRA Economic Opportunity Authority agree that it is in the best interest of all concerned to enter into this MOU. Eligibility Determinations Residents will be received on a first-come,first-serve basis. To be eligible for services through the HAP program,ranging from homebuyer education and counseling from CSRA EOA to down payment/closing cost assistance,applicants will have to meet the following criteria: a) Household income must not exceed the following household income limits(80%of AMI): 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON $34,750 $39,700 $44,650 $49,600 $53,600 $57,550 b) Be interested in purchasing a home within Augusta,Georgia city limits. c) Able and willing to contribute at least$500/$1000 of their own money towards their home purchase(depending on income). d) Maintain home as principal residency throughout the affordability period of said property. e) Be interested in purchasing a home within Augusta,Georgia city limits. f) Such other conditions as may be required by the parties hereto. Roles and Responsibilities It is understood that HCD and CSRA EOA must work together as a team to effectively meet the housing needs of Augusta, GA's residents. This level of collaboration will require thorough and timely communication between all parties.However,the parties to this MOU understand their separate and distinct responsibilities,including but not limited to the following: Augusta,GA is committed to make housing a viable option for residents who wish to live in the city Accordingly,HCD agrees to: 1. Partner with CSRA EOA and incorporate and market the HAP program to the residents. 2. Provide to residents funds for down payment/closing cost assistance and homebuyer subsidy. 3. Provide to CSRA EOA,a$1000 annual stipend,at$250 per quarter. These fees are for the administration of the program and provision of homebuyer education and individualized follow-up services to eligible employees. 4. Distribute marketing materials to employees. HCD shall have no obligations under this Memorandum of Understanding other than those outlined above. Homeownership Assistance MOU Page 2 of 6 CSRA EOA will coordinate and fully administer the HAP Program,and will consult,advise and assist HCD and its interested residents in every aspect of the HAP Program. Without limitation of the foregoing,CSRA EOA will: 1) Provide credit counseling and homebuyer education to residents. 2) Partner with the HCD Affordable Housing staff and Sand Hills Urban Development and East Augusta CDC to incorporate and market the HAP program. 3) Promote quality program administration and accountability to HCD. 4) Provide residents assistance in selecting their professional team of local lenders,realtors,and/or home inspectors. 6) Comply with all laws and ordinances connected with housing counseling. 9) Provide quarterly reports to HCD on the progress of the HAP program. See attached Reports. Confidentiality All parties agree that by virtue of entering into this MOU they will have access to certain confidential information regarding the other party's operations related to this project.None of the parties bound in this MOU will at any time disclose confidential information and/or material without the consent of the subject party unless such disclosure is authorized by this MOU or required by law or court order. Unauthorized disclosure of confidential information shall be considered a material breach of this MOU. Where appropriate,releases will be secured before confidential information is exchanged. Confidential information will be handled with the utmost discretion and judgment.This confidentiality paragraph shall survive the termination of this MOU. Nondiscrimination There shall be no discrimination of any person or group of persons on account of race, color, creed, religion, sex, marital status, sexual orientation, age, handicap, ancestry or national origin in the implementation of the housing policies described in this MOU. Modification This MOU may not be modified or amended except by written agreement executed by the parties hereto. Counterparts This MOU may be executed in one or more counterparts,each of which shall be deemed an original,but all of which together shall constitute one and the same instrument. Severability The parties hereto intend and believe that each provision in this MOU comports with all applicable local, state and federal laws and judicial decisions. However, if any provision in this MOU is found by a court of law to be in violation of any applicable ordinance, statute, law, administrative or judicial decision, or public policy, and if such court should declare such provision to be illegal, void or unenforceable as written, then such provision shall be given force to the fullest possible extent that the same is legal,valid and enforceable and the remainder of this MOU shall be construed as if such provision was not contained therein. Construction The headings of the MOU are for convenience only and shall not define or limit the provisions hereof. Where the context so requires,words used in singular shall include the plural and vice versa, and words of Homeownership Assistance MOU Page 3 of 6 one gender shall include all other genders. In the event of a conflict between the terms and conditions of any other agreement and the terms and conditions of this MOU, the terms and conditions of this MOU shall prevail. Legal Review The parties hereto acknowledge that they have been advised by legal counsel of their choice in connection with the interpretation,negotiation,drafting and effect of this MOU and they are satisfied with such legal counsel and the advice which they have received. Applicable Law This MOU shall be governed by, and construed in accordance with, the laws of the State of Illinois, without regard to conflict of laws principles. Term The term of this MOU shall be for 1 year (FY 2019), provided that this MOU is terminable at will in writing, at any earlier time, for any reason, by AHCD ; provided that AHCD shall pay CSRA EOA for any and all services performed prior to termination. Homeownership Assistance MOU Page 4 of 6 ARTICLE XVII. COUNTERPARTS This Agreement is executed in two (2) counterparts—each of which shall be deemed an original and together shall constitute one and the same Agreement with one counterpart being delivered to each party hereto. IN WITNESS WHEREOF,the parties have set their hands and seals as of the date first written above: ATTEST: AUGUSTA, GEORGIA (Augusta) ( Aulik g.40."1:#144f N 0- "1, Oil %IIj-44._ « 14.4,, ' til -14 It, ` e' �`"s��0 Hardie Davi Date id By: "� .. ," , 0 i 1 `� As Its Mayor 1t ; k , 0 L. Lenarrner ., jClerk4Wenamission Ria i s 6//1/1' `""teep.�+ rx 1."4-1 Jarvis Sims (l Date` 14 r 'C#$4GS�40* 3 Interim Administrator I orne W;- at i_ 15._ liDi��t'►fir,AHCD k, /JO 7 A410115\\\� ATT ST: AV��G=�� CSRA Economic Opportunity Authority CrLxr-1`) "\), j�, i (Grantee) hc.ov" SEAL: �� - / il, Its: _ lit _ -,i (Plain witness) Homeownership Assistance MOU Page 5 of 6 Homeownership Assistance MOU Page 6 of 6 Memorandum of Understanding By and Between Augusta, Georgia , and the East Augusta Community Development Corporation FY 2019 Background and Intent This Memorandum of Understanding(MOU)clarifies the roles,responsibilities and Augusta, Georgia Homeownership Program. , / This Agreement,is made and entered into as of the day of V 2019("the effective date")by and between Augusta, Georgia, acting through the Housing and Commun ty Development Department (hereinafter referred to as"HCD")—with principal offices at 925 Lane alker Blvd, 3rd Floor,Augusta, Georgia,as party of the first part,hereinafter called"Augusta and East Augusta Community Development Corporation.,a Georgia nonprofit organization with an expertise in homeownership counseling and homebuyer assistance and organized pursuant to the Laws of the State of Georgia,hereinafter called "EACDC"as party in the second. WHEREAS,the sole purpose of this MOU is to encourage cooperation between Augusta,Georgia, SHUD and to further detail the separate and distinct roles and responsibilities of each party in the HAP program of Housing and Community Development: WHEREAS,there is a growing mismatch between the local workforce and the local housing stock affordable to them, and; WHEREAS, Employers, such as Housing and Community Development,are looking at ways to improve their workforce's access to local homeownership opportunities to reduce long commutes and the resulting tardiness,turnover and recruitment costs, and; WHEREAS, EACDC,has the expertise to provide quality and efficient services to Augusta, Georgia in assisting their residents purchase homes through counseling sessions and linkages with appropriate lenders,and; WHEREAS, EACDC supports such linkages between residents and housing organizations as part of its objective of increasing the workforce housing stock while strategically increasing the constituency of affordable housing advocates, and; WHEREAS,EACDC have worked with the Housing and Community Development(HCD)to develop additional tools to strengthen employer-assisted housing initiatives,and; WHEREAS,the residents will participate only on a voluntary basis in the HAP program put forward by Augusta, Georgia; WHEREAS,EACDC agrees to work with other local nonprofits such as CSRA EOA and East Augusta CDC in administering other select counseling programs; THEREFORE,Augusta Housing and Community Development and East Augusta Community Development Corporation agree that it is in the best interest of all concerned to enter into this MOU. Homeownership Assistance MOU Page 1 of 5 Eligibility Determinations Residents will be received on a first-come, first-serve basis.To be eligible for services through the HAP program,ranging from homebuyer education and counseling from EACDC to down payment/closing cost assistance, applicants will have to meet the following criteria: a) Household income must not exceed the following household income limits(80%of AMI): 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON $34,900 $39,900 $44,900 $49,850 $53,850 $57,850 b) Be interested in purchasing a home within Augusta, Georgia city limits. c) Able and willing to contribute at least$500/$1000 of their own money towards their home purchase(depending on income). d) Maintain home as principal residency throughout the affordability period of said property. e) Be interested in purchasing a home within Augusta,Georgia city limits. f) Such other conditions as may be required by the parties hereto. Roles and Responsibilities It is understood that HCD and EACDC must work together as a team to effectively meet the housing needs of Augusta, GA's residents. This level of collaboration will require thorough and timely communication between all parties. However,the parties to this MOU understand their separate and distinct responsibilities,including but not limited to the following: Augusta, GA is committed to make housing a viable option for residents who wish to live in the city Accordingly,HCD agrees to: 1. Partner with EACDC and incorporate and market the Financial Literacy&HAP program to the residents. 2. Provide to residents funds for down payment/closing cost assistance and homebuyer subsidy. 3. Provide to EACDC, a$500 annual stipend,at$125 per quarter.These fees are for the administration of the program and provision of homebuyer education and individualized follow-up services to eligible employees. 4. Distribute marketing materials to employees. HCD shall have no obligations under this Memorandum of Understanding other than those outlined above. EACDC will coordinate with HCD and assist in administering the Financial Literacy Program, and will consult,advise and assist HCD and its interested residents in every aspect of the Program.Without limitation of the foregoing,EACDC will: Homeownership Assistance MOU Page 2 of 5 1) Provide credit counseling and homebuyer education to residents. 2) Partner with the HCD Affordable Housing staff and CSRA EOA and Sand Hills Urban Development to incorporate and market the Financial Literacy and HAP program. 3) Promote quality program administration and accountability to HCD. 4) Provide residents assistance in selecting their professional team of local lenders,realtors,and/or home inspectors. 6) Comply with all laws and ordinances connected with housing counseling. 9) Provide quarterly reports to HCD on the progress of the HAP program. See attached Reports. Confidentiality All parties agree that by virtue of entering into this MOU they will have access to certain confidential information regarding the other party's operations related to this project.None of the parties bound in this MOU will at any time disclose confidential information and/or material without the consent of the subject party unless such disclosure is authorized by this MOU or required by law or court order.Unauthorized disclosure of confidential information shall be considered a material breach of this MOU. Where appropriate,releases will be secured before confidential information is exchanged. Confidential information will be handled with the utmost discretion and judgment.This confidentiality paragraph shall survive the termination of this MOU. Nondiscrimination There shall be no discrimination of any person or group of persons on account of race, color, creed, religion, sex, marital status, sexual orientation, age, handicap, ancestry or national origin in the implementation of the housing policies described in this MOU. Modification This MOU may not be modified or amended except by written agreement executed by the parties hereto. Counterparts This MOU may be executed in one or more counterparts, each of which shall be deemed an original,but all of which together shall constitute one and the same instrument. Severability The parties hereto intend and believe that each provision in this MOU comports with all applicable local, state and federal laws and judicial decisions. However, if any provision in this MOU is found by a court of law to be in violation of any applicable ordinance, statute, law, administrative or judicial decision, or public policy, and if such court should declare such provision to be illegal, void or unenforceable as written, then such provision shall be given force to the fullest possible extent that the same is legal, valid and enforceable and the remainder of this MOU shall be construed as if such provision was not contained therein. Construction The headings of the MOU are for convenience only and shall not define or limit the provisions hereof. Where the context so requires,words used in singular shall include the plural and vice versa, and words of one gender shall include all other genders. In the event of a conflict between the terms and conditions of any other agreement and the terms and conditions of this MOU, the terms and conditions of this MOU shall prevail. Legal Review The parties hereto acknowledge that they have been advised by legal counsel of their choice in connection with the interpretation,negotiation,drafting and effect of this MOU and they are satisfied with such legal counsel and the advice which they have received. Homeownership Assistance MOU Page 3 of 5 Applicable Law This MOU shall be governed by, and construed in accordance with, the laws of the State of Illinois, without regard to conflict of laws principles. Term The term of this MOU shall be for 1 year (FY 2019), provided that this MOU is terminable at will in writing, at any earlier time, for any reason, by AHCD ; provided that AHCD shall pay EACDC for any and all services performed prior to termination. Homeownership Assistance MOU Page 4 of 5 ARTICLE XVII. COUNTERPARTS This Agreement is executed in two (2) counterparts—each of which shall be deemed an original and together shall constitute one and the same Agreement with one counterpart being delivered to each party hereto. IN WITNESS WHEREOF,the parties have set their hands and seals as of the date first written above: ATTEST: AUGUSTA, GEORGIA (Augusta) SEAL6i' -M am dEm`sfA6Y. .N'�" f �� By. Hardie Davi Date rcxms$A 1 , / °`L N l,t : Y 9\1 As Its Mayor �`' 1(I to ' 015, • a. L aBoL9 ,/,�• , %` 1 47 Clrk oission �� tl% I G t a. { Jarvis Sims ate � '' " ``` 4 All Interim Administrator _ i6i ,,; 4,-- . home Ty elel c D to Director, AHCDD ATTEST: East Augusta Community Development Corporation (Grantee) B y:;4;4,4 / /44,4, /S w!to. Its: f*e is ' (Plain witness) Homeownership Assistance MOU Page 5 of 5 Memorandum of Understanding By and Between Augusta, Georgia , and the Sand Hills Urban Development, Inc. FY 2019 Background and Intent This Memorandum of Understanding(MOU)clarifies the roles,responsibilities and Augusta, Georgia Homeownership Program. This Agreement,is made and entered into as of the ` day of , IW 2019("the effective date")by and between Augusta, Georgia,acting through the Housing and Commun ty Development Department (hereinafter referred to as"HCD")—with principal offices at 925 Lane alker Blvd, 3rd Floor,Augusta, Georgia, as party of the first part,hereinafter called"Augusta and Sand Hills Urban Development,Inc., a Georgia nonprofit organization with an expertise in homeownership counseling and homebuyer assistance and organized pursuant to the.Laws of the State of Georgia,hereinafter called"SHUD"as party in the second. WHEREAS,the sole purpose of this MOU is to encourage cooperation between Augusta, Georgia, SHUD and to further detail the separate and distinct roles and responsibilities of each party in the HAP program of Housing and Community Development : WHEREAS,there is a growing mismatch between the local workforce and the local housing stock affordable to them, and; WHEREAS,Employers, such as Housing and Community Development,are looking at ways to improve their workforce's access to local homeownership opportunities to reduce long commutes and the resulting tardiness,turnover and recruitment costs,and; WHEREAS, SHUD,has the expertise to provide quality and efficient services to Augusta, Georgia in assisting their residents purchase homes through counseling sessions and linkages with appropriate lenders, and; WHEREAS, SHUD supports such linkages between residents and housing organizations as part of its objective of increasing the workforce housing stock while strategically increasing the constituency of affordable housing advocates, and; WHEREAS, SHUD have worked with the Housing and Community Development(HCD)to develop additional tools to strengthen employer-assisted housing initiatives, and; WHEREAS,the residents will participate only on a voluntary basis in the HAP program put forward by Augusta, Georgia; WHEREAS, SHUD agrees to work with other local nonprofits such as CSRA EOA and East Augusta CDC in administering other select counseling programs; THEREFORE,Augusta Housing and Community Development and Sand Hills Urban Development agree that it is in the best interest of all concerned to enter into this MOU. Homeownership Assistance MOU Page 1 of 5 1) Provide credit counseling and homebuyer education to residents. 2) Partner with the HCD Affordable Housing staff and CSRA EOA and East Augusta CDC to incorporate and market the Financial Literacy and HAP program. 3) Promote quality program administration and accountability to HCD. 4) Provide residents assistance in selecting their professional team of local lenders,realtors,and/or home inspectors. 6) Comply with all laws and ordinances connected with housing counseling. 9) Provide quarterly reports to HCD on the progress of the HAP program. See attached Reports. Confidentiality All parties agree that by virtue of entering into this MOU they will have access to certain confidential information regarding the other party's operations related to this project.None of the parties bound in this MOU will at any time disclose confidential information and/or material without the consent of the subject party unless such disclosure is authorized by this MOU or required by law or court order.Unauthorized disclosure of confidential information shall be considered a material breach of this MOU.Where appropriate,releases will be secured before confidential information is exchanged. Confidential information will be handled with the utmost discretion and judgment. This confidentiality paragraph shall survive the termination of this MOU. Nondiscrimination There shall be no discrimination of any person or group of persons on account of race, color, creed, religion, sex, marital status, sexual orientation, age, handicap, ancestry or national origin in the implementation of the housing policies described in this MOU. Modification This MOU may not be modified or amended except by written agreement executed by the parties hereto. Counterparts This MOU may be executed in one or more counterparts,each of which shall be deemed an original,but all of which together shall constitute one and the same instrument. Severability The parties hereto intend and believe that each provision in this MOU comports with all applicable local, state and federal laws and judicial decisions. However, if any provision in this MOU is found by a court of law to be in violation of any applicable ordinance, statute, law, administrative or judicial decision, or public policy, and if such court should declare such provision to be illegal, void or unenforceable as written, then such provision shall be given force to the fullest possible extent that the same is legal, valid and enforceable and the remainder of this MOU shall be construed as if such provision was not contained therein. Construction The headings of the MOU are for convenience only and shall not define or limit the provisions hereof. Where the context so requires,words used in singular shall include the plural and vice versa, and words of one gender shall include all other genders. In the event of a conflict between the terms and conditions of any other agreement and the terms and conditions of this MOU, the terms and conditions of this MOU shall prevail. Le2a1 Review The parties hereto acknowledge that they have been advised by legal counsel of their choice in connection with the interpretation,negotiation, drafting and effect of this MOU and they are satisfied with such legal counsel and the advice which they have received. Homeownership Assistance MOU Page 3 of 5 ARTICLE XVII. COUNTERPARTS This Agreement is executed in two (2) counterparts—each of which shall be deemed an original and together shall constitute one and the same Agreement with one counterpart being delivered to each party hereto. IN WITNESS WHEREOF,the parties have set their hands and seals as of the date first written above: ATTEST: AUGUSTA, GEORGIA (Augusta) SEAL,.:._.„, .:.., By: ; m w.; , 1 Hardie Da is,Jr. Date 1c As Its Mayor / 1 0/, / ' *.'. : L' t na : • t , erkc(mrssion t G t 4; 4 �s ,,� , �� e � t Jarvis Sims { 0 Ddte C-f.. t 0 r Interim Administrator f ! /V i • Gni« '4..mase (4_43_3 9 - ` tdmiagob I .a horne n-' Jr. ate D -ctor, AHCD • ATTEST: Sand Hills Urban Development, Inc. (Grantee) SEAL- C ae:$10 ` V'y f 1/4„. By: t "� f �L �fimi., Its: ego �v,L t, (P in witness) Homeownership Assistance MOU Page 5 of 5