Proposed Contract with 2401 25th Street LLC to Contract No. 2025-49

MURIEL BOWSER
MAYOR

March 25, 2025

The Honorable Phil Mendelson
Chairman
Council of the District of Columbia
John A. Wilson Building
1350 Pennsylvania Avenue, NW, Suite 504
Washington, DC 20004

Dear Chairman Mendelson:

Pursuant to Section 451 of the District of Columbia Home Rule Act (D.C. Official Code § 1 -
204.51), enclosed for consideration and approval by the Council of the District of Columbia is
proposed Contract No. 2025-49 with 2401 25th Street LLC in the amount of $18,939,570.

Under the proposed contract, the District will loan $18,939,570 from the Housing Production Trust
Fund to 2401 25th Street LLC, which will use the proceeds of the loan to finance certain eligible
acquisition costs, predevelopment costs, soft costs, and con struction hard costs for 67 units of
affordable senior housing located at 2401 25th Street SE in Ward 8.

My administration is available to discuss any questions you may have regarding the proposed
contract. To facilitate a response to any questions you may have, please have your staff contact
Christopher Earley, Deputy Director, Department of Housing and Comm unity Development, at
(202) 442-7158.

I look forward to the Council's favorable consideration of this contract.

Sincerely,

Muriel Bowser
GOVERNMENT OF THE DISTRICT OF COLUMBIA
Departmentof Housingand
CommunityDevelopment
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ae
Pes s

NCIL. INTRACT SUMMARY.
Pursuanttosection202(c)oftheProcurementPracticesReformActof2010,effectiveApril8,2011(D.C.Law18-371;D.C.OfficialCode§2-352.02(¢)),thefollowingcontractsummaryisprovided:
(A)Theproposedcontractor,contractamount,unitandmethodof
compensation,contractterm,andtypeof contract:
ProposedContractor:240125thStreetLLC
ContractAmount: $18,939,570
UnitandMethodofCompensation:DrawSchedule
Termof Contra

43yrs/3%simpleinterest
TypeofContract:LoanAgreement

(B)Thegoodsorservicestobeprovided,themethodsofdeliveringgoodsorservices,
andanysignificantprogramchangesreflectedintheproposedcontract:
‘TheDepartmentofHousingandCommunityDevelopment(DHCD)proposes
toprovidea loanto240125thStreetLLC intheamountof$18.939,570fromthe
HousingProductionTrustFundforthepurposeoffinancingcertaineligibleacquisition
costs,predevelopmentcosts,softcostsandconstructionhardcostsassociatedthe
developmentof67affordableseniorhousingunitslocatedat240125thStreetSE
Ward8("WagnerSenior"),

(C)Results,includingthepriceandtechnicalcomponents:
DHCDreceivedarequestforfundingfromtheborrowertobeusedforthepurposeof
financingcertaineligibleacquisitioncosts,predevelopmentcosts,softcostsand
constructionhardcostsassociatedthedevelopmentof67affordableseniorhousing
unitslocatedat240125thStreetSEinWard8.

Page1of3
(D)_ Thebackgroundandqualificationsof theproposedcontractor,
includingitsorganization,financialstability,personnel,andprior
performanceoncontractswiththeDistrictgovernment:

Controllingowners of 2401 25th StreetLLC includeJusticeHousing. Inc.and RobertJ.Miller
of TheMillerGroup.Allentitiesinvolvedintheproposedcontractorhavenoperformance
ictofColumbiagovernment. concernsrelatedtoworkingoncontractswiththeDist
(E)Performancestandardsandtheexpectedoutcomeoftheproposedcontract:
ThedevelopersofWagnerSeniorhaverequested$18,939,570inHP!
financingfortheproductionof67unitslocatedat240125thStreet$
hborhoodofWard8.
developmentintheSkyland

(F) A certificationthattheproposedcontractiswithintheappropriated
budgetauthorityfortheagencyforthefiscalyearandisconsistentwiththefinancialplanandbudgetadoptedinaccordancewithD.C.Official
Code§§47-392,01and47-392.02:

‘TheloanwillbefundedthroughtheHousingProductionTrustFund.AttachedisthecertificationthatthefinancingisconsistentwiththeDistrict’sfinancialplanandbudget.

(G)_AcertificationthattheproposwhethertheproposedcontractorhclaimsagainsttheDistrict:
contractislegallysufficient,nycurrentlypendinglegal

luding

A legalsufficiencymemorandumfromtheOfficeoftheGeneralCounselisattached.
(H)AcertificationthattheproposedcontractoriscurrentwithitsDistrictandfederaltaxesorhasworkedoutandiscurrentwithapaymentscheduleapprovedbytheDistrictorfederalgovernment:
Districtandfederaltaxlawcompliancecertificationsareattached.
Page2of3
(1)Thestatusoftheproposedcontractorasacertifiedlocal,small,ordisadvantagedbusinessenterpriseasdefinedintheSmall,Local,andDisadvantagedBusinessEnterpriseDevelopmentandAssistanceActof2005,effectiveOctober20,2005(D.C.Law16-32;D.C.OfficialCode§
2-218.01etseq.):

240125thStreetLLC isnotacertifiedlocal,small,ordisadvantagedbusinessenterprise.
(J)OtheraspectsoftheproposedcontractthattheChiefProcurementOfficerconsiderssignificant:
None
(K)AstatementindicatingwhethertheproposedcontractoriscurrentlydebarredfromprovidingservicesorgoodstotheDistrictorfederalgovernment,thedatesofthedebarment,andthereasonsfor
debarment:
‘TheproposedcontractorisnotcurrentlydebarredfromprovidingservicesorgoodstotheDistrictorfederalgovernment,A debarmentaffidavitisattached,
(L)Wherethecontract,ifexecuted,willbemadeavailableonline:
Thecontractsummarywillbeavailableatwww.dhed.de.gov.
Page3of3
*
*
* GovernmentoftheDistrictofColumbia

HE OfficeoftheChiefFinancialOfficer 11014 Street,SWHE OfficeofTaxandRevenue Washington,DC20024
DateofNotice:March8,2025 NoticeNumber:0013772241 —
240125THSTREETLLC FEIN:##-*9#55328120WOODMONTAVESTE 160 CaseID:18481815,BETHESDAMD 20814-2757
CERTIFICATE OF CLEAN HANDS
AsreportedintheCleanHandssystem,theabovereferencedindividual/entityhasnooutstandingliabilitywiththeDistrictofColumbiaOfficeofTaxandRevenueortheDepartmentofEmploymentServices.Asofthedateabove,theindividual/entityhascompliedwithDCCode§47-2862,thereforethisCertificateofCleanHandsisissued.
TITLE 47. TAXATION, LICENSING, PERMITS, ASSESSMENTS, AND FEES
CHAPTER 28 GENERAL LICENSE
SUBCHAPTER II.CLEAN HANDS BEFORE RECEIVING A LICENSE OR PERMIT
D.C. CODE § 47-2862 (2006)
§47-2862PROHIBITIONAGAINST ISSUANCE OF LICENSEOR PERMIT

AuthorizedBy Melinda Jenkins
Branch Chief,Collectionand Enforcement Administration
Tovalidatethiscertificate,pleasevisitMyTax.DC.gov.OntheMyTaxDC homepage,clickthe“Validate a Certificateof Clean Hands” hyperlink under the Clean Hands section.

11014thStreetSW,SuiteW270,Washington,DC20024/Phone:(202)724-S048/MyTax.DCgov
InitialFile#;00007417041EntityType:LLC
GOVERNMENT OF THE DISTRICT OF COLUMBIA
DEPARTMENT OF LICENSINGAND CONSUMER PROTECTION
CORPORATIONS DIVISION
aaa |
CERTIFICATE
THIS IS TO CERTIFY thatallapplicableprovisionsof theDistrictof Columbia Business
OrganizationsCode(Title29)havebeencompliedwithandaccordingly,thisCERTIFICATEOF
GOOD STANDING isherebyissuedto

240125thStreetLLC
WE FURTHERCERTIFYthatthedomesticentityisformedunderthelawoftheDistricton
07/21/2022;thatallfees,andpenaltiesowedtotheDistrictforentityfilingscollectedthroughthe
MayorhavebeenpaidandPaymentisreflectedintherecordsoftheMayor;Theentity'smost
recentbiennialreportrequiredby§29-102.11hasbeendeliveredforfilingtotheMayor;andthe
entityhasnotbeendissolved.Thisofficedoesnothaveanyinformationabouttheentity's
businesspracticesandfinancialstandingandthiscertificateshallnotbeconstruedastheentity's
endorsement.
INTESTIMONY WHEREOF Jhave hereuntosetmy handandcausedthesealofthisofficeto
beaffixedasof2/10/202511:01AM

BusinessandProfessionalLicensingAdministration
Rebecca Ganovich
REBECCA JANOVICH
SuperintendentofCorporations,
CorporationsDivision

MurielBowser
Mayor
Tracking#:WPsShYAW
tok==
GOVERNMENT OF THE DISTRICT OF COLUMBIA
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT.
aiicd se
December23,

VIA ELECTRONIC MAIL
CommissionerKhadijaWatson
ChairANC 8B01
Washington,DC 20039
8B01@ane.de.zov
Re:WagnerSeniorResidences
DearCommissionerWatson,
PursuanttoD.C.OfficialCode§1-309.10(2001ed),youareherebyinformedthattheDepartmentofHousingandCommunityDevelopment("Depariment®or"theDepartment")proposestoprovideWagnerSeniorResidencesLLLCwithfundingintheamountof$18,151,044fromtheHousingProductionTrustFund.Thisfundingiintendedtofinancecertaineligibleacquisitioncosts,redevelopmentcost,softcosts,andconstructionhardcostsapprovedbyDIICDfor67unitsofaffordablehousinglocatedat241925thStreetSE,Washington,DC,inWard8

PleasebeadvisedthatAdvisoryNeighborhoodCommission8B01hasthirty(30)businessdaysfromthedateofthisnoticetosubmit‘commentsontheaboveproposeda “greatweight"toallrelevantANCconcerns( recommendations.

recommentsbyFeburary6,2025(i.e.thethinty-businessdaycommentperiod).Youmustincludea‘emtfiedatthetopofthisnoticeinyourresponse.CommentsmaybesentbyemailtoPamelaDepartmentofHousingandCommunityDevelopment,Officeofthe£.,Washington,D.C.20020.
‘TheDepartmentmustreereferencetothesubjectmattHillsmanatpamelahillsman@de.govorbymailto:
Director,Attn:PamelaHillsman,1909MartinLug

IfyouhavefurtherquestionsregardingYi project,pleasedonothesitatetocontactChristopherEarleyat202-442-7200or

Wand8Hosts€

GOVERNMENT OF THE DISTRICTOF COLUMBIA.
PROFILE SUMMARY
(CONTRACTsTO PURCHASE,SELL,ACQUIRE,TRANSFER, LEASEOF REAL
PROPERTY/EXCLUSIVERIGHTAGREEMENTS/LOANs& GRANTs OVER $IM/INTRA-
DISTRI

ContractingAgency:Dept.HousingandCommunityDevelopment AgencyCode:
UsingAgency: Dept.Housing_andCommunityDevelopmentAgencyCode:
Loan/Grant/LeaseSub-recipientName:240125thStreetLLC
ShouldtheD.C.Councilhaveanyquestionsregardingthisloan/granV/lease,pleasecontact:
ProjectManagers:LisaWilliamsTelephoneNumber:(202)442-7250,

TYPE OF DOCUMENT SUBMITTED
t. A, anGranease Modification 4. Oo WrittenorInformalContract

20 ExerciseofGrantOptionYear(E.0.)| 5.TF {easeofeatProperty
6) others3. Hi) soawGranvLeaseAgreementfor:
2401 25th StreetLLC

LOAN/GRANT-TYPE
jt oO Grant 4.oO CostReimbursement

2. HJ LoanPrice$18,939,570 5.) TimeandMaterial

3. ([]Task Order 6.[[] AdvancePayment

Page1of4
GRANT/LOAN/LEASEINFORMATION
Grant/Loan/LeaseNo.: DHCD. Amount;___$18,939.570(HPTE)

DoesthisGrant/LoanAmountexceed$1million: Yes No
Ifyes,pleaseattachacopyoftheDCCouncilapprovalandprovidethefollowinginformation:

Datereceived: Dateapproved:
LEASEINFORMATION
LeaseN TotalCost
Location: AnnualCost
Sq.Ft.Leased: CostPerSq.Ft.

TotalBldg.Sq.Ft % Sq.Ft.LeasedByD.C.
BRIEFDESCRIPTIONOF GRANT/LOAN/LEASE

SOURCE OF FUNDING:
'Q ‘Appropriated oO 4. g Intra-District,
27 Capital 5. oO Inter-Jurisdictional
3H Grant( ) 6. a Other:HPTF

Ifprocurementactionisfundedbygrantorothernon-capitalornon-appropriatedfunds,willtheDistrictneedtoexpendsomeportionofitsfundspriortoreceivingfundsfromthegrantoro
otherfundingsource?
Dyes No [J X NA
IfYes,indicatetheamounttheDistrictwillneedtoexpendandthepercentagethisamount
representsofthe totalfundsrequiredtosupporttheeffort.DistrictFunds $
%,

Page2of4
CRITICALISSUESASSOCIATEDWITHGRANT/LOANACTION

Le(morethanone)Grants/Loansforsimilargoods,services,etc.,
hinthelasttwelve(12)months?
1 Is thisGrant/Loan oneof multi
awardedbytheAgencytothissubrecipient,orrelatedentity,wi
Yes Hl No
Havereservedfundsbeenobligatedforpayment?(IfYes,ensuredocumentationisincludedinGrant/LoanFile).
~ |yes no
IstheFilecomplete?(IfYes,pleaseattachpertinentdocumentation).
yes C1 no
4. IsthesubrecipientasuccessortooraffiliatedwithanotherindividualorbusinessthathasGranv/LoanwiththeAgency?
Wives _| No
IfYes, nameof Predecessor/Affiliate:Affiliatesof theentitiesinvolvedin2401 25thStreetLLC
havebeeninvolvedinthedevelopmentofmultipleDHCD-supportedprojects:

5. IsaformerDistrictemployeeanowner,officer,oraffiliateofthesubrecipient
BB ves J v0
IFYes,NameandAM EquityPlusLLC,ledbyAvramFecheer,isadevelopmentconsultanttotheprojectandisaformerDHCDemployee.

Pleasediscussanyothercriticalissuessuchastimeconstraints;healthandsafetyissues;orfinancial/revenueproductionissuesthatshouldbeknown,
FUTUREINFORMATION DOCUMENTATIONTO BESUBMITTEDTOAUTHORITYIFGrant/Loan18AWARDED
1D AwardDate 4. [[] ClaimsBy/AgainstGrant/Loan

nDate Ly ExPitionDae 5.) CetifedCompl

3 Ey Amendments 6] FinalPaymentDate

Page3 of4
CERTIFICATIONS
1certifythatthisproposedloanbytheDepartmentofHousingandCommunityDevelopment(DHCD)to240125thStreetLLC intheamountof$18,939,570forthefinancingofcertaineligiblepredevelopmentcosts,soft
costsandconstructionhardcostsassociatedwiththedevelopmentofWagnerSeniorResidences,whichwillcontain
67affordableseniorhousingunitslocatedat240125thStreetSE inWard8,isincompliancewiththeapplicableFederalandDistrictofColumbiaRegulationsandDHCD'spoliciesandprocedures.
C YW y pr
ColleenGreer Date
Director,DHCD
Vice February19,2025
ChristopherEarley Date
DeputyDirector,DHCD.

Ihavereviewedthisgrant/loan/leaseactionandhavedeterminedthatitiswithintheDistrict's
FinancialPlanandBudgetforFY 2025andthatfundsareavailabletosupporttheaction,

DigitallysignedbyBethanySpoonerBethanySpooner Date:2025022110544-0500
BethSpooner Date
AgencyFiscalOfficer,DHCD
DETERMINATION
Ihavereviewedthisgrant/loan/leaseactionandhavedeterminedthati intheDistrict’s
FinancialPlanandBudgetforFY2025andthatfundsareavailabletosupporttheaction,
Digitallysigned by LeroyClayII
Le roy C |ay | II Date: 2025.02.24 09:47:42-05'00'
LeroyClay,III Date
ncialOfficer

AssociateChief

onomicDevelopmentandRegulationCluster
Page4of4
+**&
GOVERNMENT OF THE DISTRICTOF COLUMBIA
DEPARTMENTOF HOUSINGAND COMMUNITY DEVELOPMENT
OfficeoftheGeneralCounsel
Sod =
MEMORANDUM
TO: Muriel E. Bowser
Mayor
THRU: JuliaH. Wiley,GeneralCounselOn
DepartmentofHousingandCommunityDevelopment
DonnetteA.Cooper,AssistantGeneralCounselineDepartmentofHousingandCommunityDevelopmentFRO!

DATE: February18,2025
SUBJECT: ProposedHousingProductionTrustFund(“HPTF”)loaninanamountnot
toExceedEighteenMillionNineHundredThirty-NineThousandFive
HundredSeventyand00/100Dollars($18,939,570.00)(the"Loan")to2401
25TH STREET LLC,(the“Borrower”)

‘TheproposedLoan,fundedpursuanttotheHPTF,shallnotexceedEighteenMillionNine
HundredThirty-nineThousandFiveHundredSeventyand00/100Dollars($18,939,570.00).The
Loanproceedsshallbeusedtofinanceeligibleexpensesfornewconstructionofseniorhousing
atrealpropertylocatedat240125"Street,SEWashingtonDC (the"Project").AllSixty-seven(67)Projectunitsshallbereservedasaffordablerentalhousingunits(the“ReservedUnits”)for
seniorcitizens,includingThirteen(13)unitsforpermanentsupportivehousing.Thirty-four(34)
oftheReservedUnitsshallbeaffordabletoandoccupiedbyseniorhouseholdsatorbelow30%
ofthemedianfamilyincome(“MFI”);Twenty-six(26)oftheReservedUnitsshallbeaffordable
toandoccupiedbyseniorhouseholdsatorbelow50%ofMFI;andSeven(7)oftheReserved
Units shallbe affordable to and occupied by senior households at or below 80% of MFI. The
ce:
Projectaffordabilityrestrictionsshallbeenforcedbyaffordabilitycovenantsthatrunwiththelandinperpetuity.
TheattachedLoanAgreementevidencingtheproposedLoanhasbeenpreparedbytheOfficeoftheGeneralCounseloftheDepartmentofHousingandCommunityDevelopmentandislegallysufficientinaccordancewithallapplicablefederalandDistrictofColumbialaws.IfyouhaveanyspecificquestionsregardingthisLoancontract,pleasecontactDonnetteA.Cooperon(202)442-7225.
ColleenGreen,Director
ChrisEarley,DeputyDirector
LisaWilliams,ProjectManager,DFD

LOAN AGREEMENT,
between
240125th
aDistrictofColumbiali
reetLLC,
itedliabi

asBorrower
and
DISTRICTOFCOLUMBIA,amunicipalcorporation,actingbyandthroughtheDEPARTMENTOFHOUSINGAND COMMUNITYDEVELOPMENT

asLender
Datedasof. +2025
DHCD ContractNo.2025-49ProjectName:WagnerSeniorResidences
LoanAgreement(RevisedJan.2023)
TABLE OF CONTENTS
Section1. Definitions.
Section2. Loan

2.1.Generally...2.2.Makingof Payments2.3.UseofLoanProceeds2.4.AdditionalFinancing.
Section3. Reserved.
Section4. RequirementsandConditionsforLoanDisbursements..4.1. InitialDisbursement...
4.2. SubsequentDisbursements4.3. FinalDisbursement.
4.4. PaymentProceduresandRequirement4.5. ConditionsPrecedenttoSubsequentDisbursement:4.6. Retainage.4.7, AdditionalConditionsforFinalDisbursement.4.8. FinalAdjustmenttoLoanAfterClosing4.9. InsufficiencyofLoanProceeds
4.10.AuthorizedDisbursements.4.11.DisbursementsNotaWaiver.4.12.StoredMaterials:4.13.NoEscrow

Section5.S.A.
52.
53.5.4.Litigation.
5.5. FinancialInformatior5.6. Receivership

5.7.TaxReturns.
5.8.5.9.
5.10,
5.11.ZoningandLandUse.5.12.CostBreakdown,
5.13.OFACList
Section6. Covenants.6.1.ConstructionofProject6.2. Insurance.
6.3.Accounting/AuditRequirements

LoanAgreement(RevisedJan,2023) i
6.
6.7.
6.8.
6.9.
6.10.
6.1L.
6.12.
6.13.
6.14,
6.15.
6.16.
6.17.
6.18.
6.19.
6.20.
Section7.
Tl.
%
713.
Section8.
Section9.
Section10.
SectionI.
Section12.
Section13.
13.1.
13.2;
13.3.
13.4.
13.5.
13.6.
13.7.
13.8,
13.9.
13.10.
13.11.
13.12.
13.13.

InspectiorMaintenanceandRepaObstructions.Permits,LicensesStructuralInjury,Nuisance,WasteandOtherProhiCompliancewithLaws.Reporting...RecordsandRetentionPaymentofObligation:Notices...FurtherAssurance:FeesofLender'sAgentsPerformanceofOtherAgreements.AcknowledgementofLenderFinancing.PropertyManagementAffordabilityCovenants.HazardousMaterialsIndemnity

Default;Remedies.
Default
Remedies of Lenderon Eventof Default
No Remedy Exclusive;Delaysor Omissions;Waiverof Breach..

AdditionalLocalandFederalRequirementsApplicabletoBorrower

ConflictOf Interest/LimitofLiability
NoticeofNon-Discrimination..

Freedom of InformationAct..

AntideficiencyActLimitations.

Miscellaneous..ReimbursementofDisbursementsMadeorOtherCostsIncurredbyLender.InterestonAdditionalPaymentsandReimbursementIndemnificationofLender.NonassignabilityLiabilityofLendeNoPartnership,JointVenture,AgencyWaiverofJuryTrial/ServiceofProcess/CourtCosts,NoThirdPartyBeneficiariesCounterparts...
NoticesAmendmentSurvivalofAgreements..EntireAgreement;SuccessorsandAssigns;TimeofEssence..

LoanAgreement(RevisedJan.2023) ii
13.14,
13.15.
13.16.
13.17.
13.18.

SeverabilityDescriptiveCaptions;Heading:Construction.GoverningLawConflictwithProgramRequirements
13535
35
The followingexhibitsand ridersattachedheretoareincorporatedintoand deemed partofthis

Agreement.
Exhibitso Summaryof LoanTerms
XI ProjectBudget
ConstructionDrawSchedule
ExhibitD | FederalLaborStandardsContractAddendum
ExhibitE | Davis-BaconWageDetermination
ExhibitF | Section3ContractAddendumKI ExhibitG DevelopmentTeam DebarmentAffidavit
Xd ExhibitH InsuranceRequirements
Kk ExhibitI Certificationof Borrower's Representationsand
WarrantiesXl ExhibitJ FormofFinalLoanReductionCertificate
Kl ExhibitK | FormofNetCashFlowCalculationWorksheetoO ExhibitL ModificationstoLoanAgreement
Riders
[ Rider1 [Low-IncomeHousingTaxCreditProvisions
LoanAgreement(RevisedJan,2023) if
LOAN AGREEMENT
THIS LOAN AGREEMENT (this“Agreement”)ismadeasofthis___ dayof2025 from 2401 25thStreetLLC, a DistrictofColumbia limitedliabilitycompany(“Borrower”),andtheDISTRICTOF COLUMBIA, a municipalcorporation,actingbyandthroughthe DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT(“Lender”).
RECITALS
A. BorrowerownstherealpropertyintheDistrictofColumbialocatedat240125"StreetSE(formerly241925"StreetSE),Washington,DC 20020.
B. EightecnMillionNine HundredThirty-NineThousand FiveHundredSeventyand00/100Dollars($18,939,570.00)'(the“Loan”),theproceedsofwhichshallbeusedbyBorrowertofinancetheProject(asdefinedbelow);and
C. LenderhasagreedtomaketheLoanonthetermssetforthinthisAgreement,
NOW,THEREFORE,inconsiderationofthemutualpromisesandcovenantscontainedandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesagreeasfollows:

Section1. DefinitionsAsusedherein:
“ActofBankruptey”meansthefilingofa petitioninbankruptcyundertheUnitedStatesBankruptcyCode,11U.S.C.§101efseg.(andallfutureactssupplementaltherefooramendatorythereof)orthecommencementofa proceedingunderanyotherapplicablelawconceminginsolvency,reorganizationorbankruptcybyoragainstBorroweroranyguarantor,asdebtor.
“AffordableHousingCovenant”meansthatcertainAffordableHousingCovenantbyBorrowerforthebenefitofLender,whichsetsforthBorrower'scovenantstorenttheAffordableUnitstoQualifiedTenantsinaccordancewiththeProgramRequirementsandtheLoanDocuments,whichagreementshallberecordedagainstthePropertyasacovenantrunningwiththeland,
“AffordabilityPeriod”meanstheperiodduringwhichBorrowershalloperatetheProjectasaffordablehousingunitsincompliancewiththeAffordableHousingCovenantandtheProgramRequirements.

'BorroweracknowledgesandagreesthatitisexecutingthisAgreemenaheadoftheClosingDateinordertoobtainthenecessaryapprovalsbytheD.C.Council,BorrowerfurtheracknowledgesandagreesthattheLoanamountmaybeadjustedaheadoftheClosingDateinaccordancewiththeloanright-sizingrequirementssetforthintheCommitmentLetter,
Borrower:__@QAA__ (initial)

LoanAgreement(RevisedJan.2023)
“AffordableUnit”meansaresidentialhousingunitthatisreservedforandleasedtoQualifiedTenantsattheapplicableincomelimitforsuchunitandatrentsthatareaffordablepursuanttotheAffordableHousingCovenant.“AffordableUnit”asusedhereinhasthesamemeaningas“ReservedUnit”asusedintheHPTFProgramRequirements.Notwithstandinganyprovisiontothecontrary,anOver-IncomeTenant(assuchtermisdefinedintheAffordableHousingCovenant)mayoccupyanAffordableUnit,however,oncesuchtenantvacatesanAffordableUnit,theAffordableUnitshallberentedtoincomeeligilwith the Affordable Housing Covenant and the Program Requirements.“AffordableUnit Index”
hasthemeaningsetforthintheAffordableHousingCovenant.

“Agreement” has themeaning setforthinthePreamble.
“AnnualOwnerCertification”meansthatcertaincertificationpreparedandexecutedbyBorrowerandsubmittedtoLender,whichcertifiesthatallAffordableUnitshavebeenrentedexclusivelytoQualifiedTenantsatrentlevelsconsistentwiththeAffordableHousingCovenantandtheProgramRequirements.TheAnnualOwnerCertificationissubmittedtoLenderthroughitselectronicassetmanagementportal,alsoknownastheDHCD-PAMDOwner/Borrowerportal.
“Architect”meansthearchitectfortheProjectanditssuccessorsandassigns.
“Attorneys’Fees and Costs”means allreasonablecostsand expenses(including,without
limitation,reasonableattorneys’feesand disbursementsof Lender’scounsel,whether in-house
staff,retainedfirmsorotherwise)incurredbyLenderorTrustee(assuchtermisdefinedinthe
Deed ofTrust)inconnection Borrower'sdefaultundertheLoan Documents.

“Authority”meansanygovernmentalentityhavingjurisdictionoverallorpartoftheProperty,theProject,oroverapartyhereto.
“Borrower”hasthemeaningsetforthinthePreamble.
“ChangeOrder”hasthemeaningsetforthinSection4.5.7.
“ClosingDate”meansthedateofthisAgreement.
“CompletionDate”means[December26,2026],asmaybeextendedwiththepriorwrittenconsentofLender.
“ConstructionContract”meanstheagreementtobeenteredintobetweenBorrowerasownerandtheContractorfortheProject.
“ConstructionDrawSchedule”meanstheLender-approveddrawscheduleattachedheretoasExhibitC andincorporatedherein.
“Contractor”meansthegeneralcontractorfortheProjectanditssuccessorsandassigns.
“CostSavings”hasthemeaning setforthinSection4.8.1.
LoanAgreement(RevisedJan.2023) 2
“Deed of Trust”means theDeed of Trust,Assignmentof Leasesand Rentsand Security
Agreement deliveredfrom Borrower to Lender'strusteeforthe benefitof Lender,and willbe
recordedinthelandrecordsof the Districtof Columbia to securetheLoan as evidencedby the
Note.
“DraftLoan ReductionCalculation”hasthemeaning setforthinSection4.8.1.

“Due Diligenceand ClosingChecklist”hasthemeaning setforthintheLoan Commitment.
“EquityInvestor"hasthemeaningsetforthintheLIHTCRiderattachedheretoatRider
“Eventof Default”hasthemeaning setforthinSection7.1.
“ExcessProceeds”has themeaning setforthinSection4.8.1.
“FiftyPercent(50%)Completion”meansthedateonwhichfiftypercent(50%)oftheconstructionand/orrehabilitationoftheProject,andallimprovements,havebeencompleted,inagoodandworkmanlikemanner,defect-freeandfreefrommechanic’sandmaterialmen’sliens,andinaccordancewithallapplicablelawsandcodes,thePlansandSpecifications,therelevantLoanDocumentsandallenvironmentalremediationlaws,asevidencedbyasignedcertificatefromtheArchitect,whichcertificatemaybeincludedaspartofthePaymentRequestdeliveredtoLender,indicatingthatfiftypercent(50%)oftheconstructionand/orrehabilitationoftheProject,andallimprovements,havebeencompletedinaccordancewithallapplicablelawsandcodes,thePlansandSpecifications,therelevantLoanDocumentsandallenvironmentalremediationlaws.
“FiftyPercent(50%)CompletionMeeting”meanstheprogressmeetingconvenedbyLenderfollowingFiftyPercent(50%)Completion.
“FinalLoan ReductionCalculation”hasthemeaning setforthinSection4.8.1.
“FinalLoan ReductionCertificate”means thatcertaincertificatepreparedand executedby
Borrower,insubstantiallythe form attachedheretoas ExhibitJ,which certifiestheamount of
FinalLoanReductionCalculationinaccordancewithSection4.8.1.

“FinancingStatements”meanstheUCCfinancingstatements,evidencingtheLoan,thatshallberecordedinthelandandchattelrecords,asapplicable,oftheDistrictofColumbiatosecureLender’slienonthefixturesandequipmentlocatedattheProperty.

“FiscalYear”meansthefiscalyearofBorrower,whichisJanuary|toDecember31.
“FOIA” has themeaning setforthinSection11.1.
“HazardousMaterials”means any substance(i)the presenceof whichrequires
investigation,remediation,orspecialhandlingunderanyFederal,stateorlocalstatute,regulation,ordinance,orderorpolicy;or(ii)isorbecomesa“hazardoussubstance”or“hazardouswaste”underanyFederal,stateorlocalstatute,regulation,ordinance,orderorpolicy,includingtheResourceConservationandRecoveryActof1976(42U.S.C.§9601efseq.),a8amendedfrom

LoanAgreement(RevisedJan.2023) 3

totime,ortheComprehensiveEnvironmentalResponse,CompensationandLiabilityActof1980 (42 U.S.C. § 9601 ef seq.),as amended from time to time; and (iii)without limitation,
includesanylead,oilorpetroleumproducts,polychlorinatedbi-phenyls,PCB's,asbestos,ureaformaldehydefoaminsulationorradongas,exceptassuchproductsarecustomarilyfoundorusedinsimilarprojects.
“Household”meansallpersonswhowilloccupytheAffordableUnit,includingthetenant'sspouseordomesticpartner,allchildrenundereighteen(18)yearsofage,andallother
personsovereighteen(18)yearsofagewhowillbeoccupyingtheAffordableUnit.
“HUD”meanstheU.S.DepartmentofHousingandUrbanDevelopment.
“HumanRightsAct”hasthemeaningsetforthinSection10.
“Improvements”meansallstructuresorbuildingsnoworhereaftererectedorplacedontheProperty,togetherwithanyandallalterations,additions,accessionsandreplacementsthereof.
“IncreasedSources”has themeaning setforthinSection4.8.1.
“Lender”hasthemeaning setforthinthePreamble.
“Lender Retainage” means an amount equal to the lesserof ten percent (10%) of the
ConstructionContractortenpercent(10%)oftheLoanamountthatshallbereserveduntilthefinaldisbursement of Loan proceeds.As set forthin ExhibitA, the Lender Retainage for this
Projectis$[2,559,304].

“Loan” has themeaning setforthintheRecitals.
“LoanCommitment”meansLender'sletterofconditionalcommitment,andanymodificationsthereto.Intheeventofa conflictintermsbetweenthisAgreementandtheLoanCommitment,thisAgreementshallcontrol.
“LoanDocuments”means,collectively,thisAgreement,theNote,theDeedofTrust,theAffordableHousingCovenant,theFinancingStatements,theLoanCommitmentandanyotherdocumentsrequiredbyLenderfromBorrower,asa conditionprecedenttodisbursingtheLoan
proceedsortoevidenceorsecurethisLoan.AllLoanDocumentsshallbeincorporatedhereinbyreference.
“Loan Term” means thetermofthe Loan from theClosingDate totheMaturityDate.
“MedianFamilyIncome”or“MFI”meansthemedianfamilyincomeforaHouseholdoffour(4)personsinthe“WashingtonMetropolitanStatisticalArea”asperiodicallypublishedbyHUD,andadjustedforHouseholdsizewithoutregardtoanyadjustmentsmadebyHUDforthepurposesoftheprogramsitadministers,asmaybeadjustedbyLendertoestablishincomelimitspursuant to the Program Requirements. MFI is also known as Area Median Income or AMI.
Notwithstandinganythingtothecontraryherein,themaximumHouseholdincomeforaQualifiedTenantateightypercent(80%)MFIshallbeadjustedpursuanttoSection42(g)(4)oftheInternal
RevenueCode.

LoanAgreement(RevisedJan.2023) 4
“Net Cash Flow CalculationWorksheet” means thatcertainworksheetpreparedand
executedby Borrower,insubstantiallytheform attachedheretoas ExhibitK, which demonstrates
Borrower'sannualcalculationofNet Cash Flow (assuchtermisdefinedintheNote)and payments
owedtoLenderpursuanttotheNote.

“Note”meansthatcertainDeedofTrustNotemadebyBorrower,ofevendateherewith,asamended,modified,orsupplementedfromtimetotime,whichevidencesBorrower'spromisetoLendertorepaytheLoanunderthetermsandconditionsoftheLoanDocuments.
“Notice”hasthemeaningsetforthinSection13.10.
“OFAC”hasthemeaningsetforthinSection5.13.
“OperatingAgreement”meanstheAmendedandRestatedOperatingAgreementofBorrower,datedasoftheClosingDate,asmaybeamended.
“OPM”hasthemeaningsetforthinSection4.7.1.
“OtherContingencyUse”hasthemeaningsetforthinSection4.5.7.
“PaymentRequest”hasthemeaningsetforthinSection4.4,
“PermittedTransfer”meansthetransferspermittedinaccordancewithSection1.11ofthe
Deed of Trust.
“Person”meansa naturalperson,trustee,corporation,partnership,limitedliabilitycompanyorotherlegalentity.
“PlansandSpecifications”meanstheplansandspecificationsapprovedortobeapprovedbyLenderfortheProject.
“ProgramRequirementsmeans,collectively:
“The requirementsofthe HousingProductionTrustFund,including,butnotlimited
to,theHousingProductionTrustFundActof1988,D.C.Law 7-202,D.C.OfficialCode§42-
2801etseg.(2001ed.)and10BDCMR Chapter41,boththestatutesandregulations,asmaybe
amendedfromtimetotime(collectively,the“HPTF ProgramRequirements”).
Cl TherequirementsoftheSection8project-basedvoucherprogram,including,but
notlimitedto,theFederalandDistrictofColumbiaHousingChoiceVoucherProgramrulesandregulationsat24CFRPart982and983and14DCMRChapters49,51,53,54,56,59,61,93and95.TheSection8project-basedvoucherprogramisadministeredbytheDistrictofColumbiaHousingAuthority.
B _TherequirementsoftheLocalRentSupplementProgram,including,butnotlimited
to,theFederalandDistrictofColumbiaHousingChoiceVoucherProgramrulesandregulationsat24 CFR Parts982 and 983, and 14 DCMR Chapters 49, 51, 53, 54, 56, 59, 61, 93 and 95. The
LocalRentSupplementProgramisadministeredbytheDistrictofColumbiaHousingAuthority.

LoanAgreement(RevisedJan,2023) 5
TherequirementsofthePermanentSupportiveHousingProgram,whichprovidessupportivehousingforanunrestrictedperiodoftimeforindividualsandfamilieswhowereoncehomelessandcontinuetobeatimminentriskofbecominghomeless,includingpersonswithdisabilitiesasdefinedin24CFR§582.5,forwhomself-sufficientlivingmaybeunlikelyandwhose care can be supported through public funds. See D.C. OfficialCode § 4-751.01(28).
AffordableUnitsthataresubjecttothePermanentSupportiveHousingProgramshallbeoperatedinaccordancewithHUD’sHousingFirstmodelandvacanciesshallbefilledthroughtheCoordinatedEntrySystem.ThePermanentSupportiveHousingProgramisadministeredbytheDistrictofColumbiaDepartmentofHumanServices.
C1 TherequirementsoftheDistrictofColumbiaDepartmentofBehavioralHealthPermanentSupportiveHousingProgram,includingbutnotlimitedtoTheDepartmentofBehavioralHealthEstablishmentAct of 2013, D.C. Law 20-61, D.C. OfficialCode § 7-1141.01 er seq.and that
certainMemorandum of Understanding Between the Department of Behavioral Health and the
DepartmentofHousingandCommunityDevelopment,effectiveJune16,2014,asamended,thatprovidesforfinancingdevelopmentoflong-termsupportivehousingunitsintheDistrictofColumbiafortheexclusiveuseofDepartmentofBehavioralHealthconsumers:

C—tThe requirementsoftheHOME InvestmentPartnershipsProgram,including,butnotlimitedto,theFederalrulesandregulationsat24CFRPart92andtheHOME WrittenAgreementbyandbetweenBorrowerandLender,datedasofsubstantiallyevendateherewith.

Oo. ‘Therequirementsofthe NationalHousing TrustFund Program,including,butnotlimited
to,theFederalrulesandregulationsat24CFR Part93.

CO—The requirementsoftheCommunityDevelopmentBlockGrantProgram,including,butnot limitedto,the Federalrulesand regulationsat24 CFR Part570.

O—The requirementsoftheSection108LoanGuaranteeProgram,including,butnotlimitedto,the Federalrulesand regulationsat24 CFR Part570, Subpart M and thatcertainContractfor
LoanGuaranteeAssistanceunderSection108oftheHousingandCommunityDevelopmentActof 1974, as amended, 42 U.S.C. § 5308 er seg.,by and between Lender and HUD, dated
(collectively,the“Section108ProgramRequirements”).
%J—The requirementsofthe HousingforOlderPersonsAct,including,butnotlimitedto,42
U.S.C§3607etseq.andtheFederalrulesandregulationsat24CFR Part100.
(The requirementsoftheHousingOpportunitiesforPersonswithAIDSAct,including,butnot itedto,42 U.S.C. § 12901 etseq.and the Federalrulesand regulationsat24 CFR Part574.

“Project”means,collectively,theImprovementslocatedortobebuiltonthePropertythatwillbefinancedwiththeLoanproceedspursuanttothisAgreement,andusedasarentalhousingdevelopment.
“ProjectBudget” means thesourcesand usesof the Projectand thespecificusesof the
Loan proceedsthataresetforthinEx! B attachedhereto.

LoanAgreement(RevisedJan,2023) 6
“Property”hasthemeaningsetforthintheDeedofTrust.

“QualifiedTenants”meansHouseholdswhosehouseholdincomequalifiesfortheincomelimitfor the particularAffordable Unit the Household isleasing,as set forthin the Affordable
HousingCovenantandmeetsanyadditionalcriteriasetforthintheProgramRequirements.A
QualifiedTenantshallincludeanyOver-IncomeTenantwhohasavalidwrittenleaseandwasingoodstandingattheProjectpriortothedateofthisAgreement.
“RegisteredAgent”meansCorporationServiceCompany,withanaddressat1090
VermontAvenue,NW,Washington,DC20005.
“Rent”meanstheoccupancychargeforeachhousingunitandanycommercialorretailspace,ifapplicable,intheProjectpursuanttoaproprietarylease,leaseorotheroccupancyagreementbetweenthetenantandBorrower.

“ReturnedFunds” hasthemeaningset forthinSection4.8.1.
“SatisfactionLetter”hasthemeaning setforthinSection4.7.9.
“SeniorLender”hasthemeaning setforthintheDeedofTrust.
“SeniorLoan”meansanyloanfromaSeniorLender,asevidencedbyapromissorynote,andotherinstruments,agreementsanddocumentsbyandbetweenBorrowerandSeniorLender,toevidence,secureorguaranteetherepaymentoftheSeniorLoan.
“SeniorLoan Documents” means allof the financingdocuments enteredintobetween
BorrowerandtheSeniorLendertoevidencetheSeniorLoan.
“Seventy-FivePercent(75%)Completion”meansthedateonwhichseventy-fivepercent
(75%)oftheconstructionand/orrehabilitationoftheProject,andallimprovements,havebeen
completed,ina goodandworkmanlikemanner,defect-freeandfreefrommechanic’sandmaterialmen’sliens,andinaccordancewithallapplicablelawsandcodes,thePlansandSpecifications,therelevantLoanDocumentsandallenvironmentalremediationlaws,asevidencedbyasignedcertificatefromtheArchitect,whichcertificatemaybeincludedaspartofthePaymentRequestdeliveredtoLender,indicatingthatseventy-fivepercent(75%)oftheconstructionand/orrehabilitationof the Project,and allimprovements, have been completed in accordance with all
applicablelawsandcodes,thePlansandSpecifications,therelevantLoanDocumentsandallenvironmental remediationlaws.

“SubordinateLoan(s)”meansanyloanfroma subordinatelender,asevidencedbyapromissorynote,andotherinstruments,agreementsanddocumentsbyandbetweenBorrowerandsubordinatelender,toevidence,secureorguaranteetherepaymentoftheSubordinateLoan.
“UCC”hasthemeaningsetforthinSection7.2.7.
“VAWA" hasthemeaning setforthinSection8.
LoanAgreement(RevisedJan.2023) 9.
Section2.
2.

2.1.1._UseandPurpose.BorroweragreestoborrowfromLender,andLenderagreestolendtoBorrower,theLoanproceeds;suchLoanproceedsshallbeusedbyBorrowerfortheusesspecifiedintheProjectBudget,subjecttoSection2.2herein,andsubjecttoalloftheterms,provisionsandconditionsofthisAgreement.

2.1.2. Expenses and Disbursements Secured _byDeed of Trust. The Loan
proceeds,Attorneys’FeesandCosts(ifany)andallotherLoanexpenses,asandwhendisbursedor incurredby Lender, willbe securedby the Deed of Trust.
2.2. MakingofPayments.Allpayments(includingprepayments)ofprincipalof,orintereston,theLoan,shallbemadeinaccordancewiththetermsoftheNote.Allsuchpayments
shallbemadewithoutanyset-offorcounterclaim,andfreeandclearofanyrestrictionsorconditions,andfreeandclearofandwithoutdeductionfororonaccountof,anypresentorfuture
taxes,levies,imposts,duties,charges,fees,deductionsorwithholdingsofanynaturenoworhereafterimposedbyanygovernmentalorotherauthority.

2.3. Use of Loan Proceeds. In compliance with and subjectto all terms of this
Agreement, Lender will disbursethe Loan to or for the account of Borrower. Borrower shall
providetoLenderacostbreakdown,intradeform,andloanbudget,whichshallbeapprovedbyLender,in itssolediscretion.Lender shalldisbursethe proceeds of the Loan, so long as no Event
ofDefault(definedherein)hasoccurredandiscontinuing,onlyforpurposesthatarepermittedbytheProgramRequirements,andfornootherpurposes.Furthermore,theLoanproceedsshallonly
beappliedtotheusesspecifiedintheProjectBudget,exceptasmaybemodifiedwiththepriorwrittenconsent of Lender, which consent shallnot be unreasonably withheld,conditionedor
delayed.

2.4. AdditionalFinancing.
2.4.1.ExceptfortheSeniorLoan(s)andtheSubordinateLoan(s),Borrowershallnotreceiveanyadditionalfundsfromanysource,concerningthisProjectwithouttheexpresswrittenconsentofLender,exceptthatBorrowershallbepermittedtorefinancethebalanceoftheSeniorLoanatanytime,(i)fornotmorethantheoutstandingbalanceofprincipalandaccruedinterestandreasonableandnecessaryclosingcosts,(ji)foratermthatdoesnotexceedtheremainingtermoftheLoan,and(iii)upontermsthatLenderhasdeterminedascommerciallyreasonableandforwhichLenderhasprovideditspriorwrittenapprovalinaccordancewiththeProgramRequirements(whichapprovalshallnotbeunreasonablywithheld,conditionedordelayed).

2.4.2.IftheLoanissubjecttotheSection108ProgramRequirements,neither
LendernorBorrowershallenterintoanintercreditororsubordinationagreementwithanotherlenderwithoutHUD’spriorwrittenapproval.
Section3. Reserved.
LoanAgreement(RevisedJan,2023) 8
Section4. Requirements and ConditionsforLoan Disbursements.Lender'sobligationto
make any disbursementof Loan proceedsissubjectto Borrower'ssatisfactionof thefollowing
requirementsandconditions,subjectinallrespectstoSection2.3:
4.1. InitialDisbursement:
4.1.1.Ifapplicable,aninitialamountofLoanproceedsshallbedisbursedontheClosingDateintheformofawiretofundcoststhatareapprovedbyLenderandeligibletobepaidwithLoanproceedsasdeterminedatLender’ssolediscretion,regardlessofwhenthecostswereincurred,
4.1.2,Lender'sobligationtomaketheinitialdisbursementofLoanproceedsissubjecttoBorrower'ssatisfactionofthefollowingrequirementsandconditionsunlesswaivedinwritingbyLender:

(1) Borrowermustobtain,atitssolecostandexpense,andsubmittoLenderevidencethatithassatisfiedeachoftheClosingConditions(assuchtermisdefinedintheLoanCommitment),whichshallbesubjecttoLender'sreviewandapproval,bothastosubstanceandform,andshallbeupdatedandeffectiveasofthedatehereof.
(2) On or beforethe Closing Date,Borrower shallhave executed and delivered
toLendertheLoanDocumentstobeexecutedbyBorrowerandallotherdocumentsandinstrumentsrequiredfromBorrowerandLenderinconnectionwith the Loan.
(3) LendershallhavereceivedanopinionofBorrower'scounseltotheeffectthatBorrowerisdulyorganizedandvalidlyexistingandingoodstandingunderthelawsofthestateofitsorganization,authorizedtodobusinessintheDistrictofColumbia,withfullpowertoowntheProjectandtoexecute,deliverandperformitsobligationsunderthisAgreement;thattheLoanDocumentsexecutedanddeliveredfortheLoanarevalidandlegallybindingandenforceableagainstBorrowerinaccordancewiththeirrespectiveterms,subjecttolawspertainingtobankruptcyandinsolvency;andopiningastosuchothermattersasmayberequiredbyLender.
(4) TherepresentationsandwarrantiessetforthinSection5shallbetrueand
correctinallmaterialrespectsonandasoftheClosingDate,andnoEventofDefaultshallthenexistunderthisAgreement.
(3) TheDeedofTrustandtherelatedUCCfinancingstatementsandallotherLoanDocumentsrequiringfilingorrecordationshallhavebeenfiledorrecordedintheappropriatepublicrecordsasnecessaryandappropriatetoevidenceandperfecttheliensandsecurityintereststherebycreated.

(6) SatisfythepaymentandproceduresrequirementssetforthinSections4.4.14.4.4,
LoanAgreement(RevisedJan,2023) 9
4.2. SubsequentDisbursements:
42.1. Followingtheinitialdisbursement,LendershallretainthebalanceoftheLoanproceedstofundsubsequentdisbursementsinaccordancewiththeProjectBudgetandtheConstructionDrawSchedule,subjecttotherequirementssetforthinSections4.4and4.5.

42.2. LenderwillmakesubsequentdisbursementsoftheLoanproceedstoBorrowerintheformofanAutomatedClearingHouse(ACH)payment.
42.3. LenderwillmakesubsequentdisbursementsoftheLoanproceedstoBorrowerinatimelymanner,subjecttotherequirementssetforthinSections4.4and4..
4.3. FinalDisbursement:Theconditionsforthefinal disbursementofLoanproceeds
arefurtherdescribedinSection4.7,and Lender’sabilitytowithholda portionof fundsfrom the
finaldisbursementisfurtherdescribedinSection4.8.
4.4. Payment Procedures and Requirements: Borrower shallsubmit to Lender a
fullyexecuted,complete,andaccuratedisbursementordrawrequestpackage(the“PaymentRequest”),ashereafterdescribed,atleastthirty(30)daysbeforethedatefundingisbeingrequested.Paymentproceduresandrequirementsareasfollo}

4.4.1.Borrower'ssubmissionofthePaymentRequestmustdocumenteligiblecostsinaccordancewiththeProjectBudgetandConstructionDrawSchedule,asthesamemaybeadjustedfromtime-to-timeasconstructionprogresseswithLenderapproval,ifapplicable.
4.4.2.BorrowershallcreateandsubmitPaymentRequestsinanelectronicformatthroughtheDC VendorPortalorasuccessorsystem.TheDC VendorPortalisanonlinesystemthatallowsBorrower/vendortocreateandsubmitinvoicepackagesbyselectingtheapplicablepurchaseordernumber.AllBorrowers/vendorsmustberegisteredintheportalpriortoinvoicesubmission.Additionaldetailsandinstructionsareavailableontheportalwebsite,
4.43. EachPaymentRequestmustbesubmittedintheformofaproperinvoicepackagetoLender,includingallrequiredformsanddocuments,inaccordancewithLender'smostrecentpublishedguidelines.PerLender’spublishedguidelinesandinaccordancewithSection4.5,Lendermayrequireadditionalsubstantiatingdocumentationbeincludedas partofthePaymentRequestsubmittedthroughtheDC VendorPortalorsharedseparatelyutilizingLender'scloudplatformforconstructionperiodmonitoring.

44.4, EachPaymentRequestshallincludetheCertificationofBorrower'sRepresentationsandWarranties,attachedheretoatExhibitIandincorporatedherein,andshallbesubmittedthroughtheDC VendorPortal.ThePaymentRequestshallalsocontainalldetailsconcerningtheProjectwhichLenderreasonablyrequires,andadequatesupportingdocumentationtosubstantiateeveryexpenditurethatLenderisrequestedtofund.
4.4.5.IftheLoanproceedswillbeusedtofundconstructioncosts,thePayment
RequestmustincludeacopyoftheContractor'sapplicationforpaymenttoBorrower,signedbytheArchitectandconfirmedbyLender’sinspector,onnotarizedAIAFormsG702andG703or
LoanAgreement(RevisedJan.2023) 10
otherformsacceptabletoLender.TheContractor'sapplicationforpaymentshallbesubjecttotheSeniorLender’sretainagerequirements,asapplicable.
4.4.6.Disbursementsshallbemadewithinthirty(30)daysofLender’sreceiptofaproperPaymentRequest.
4.4.7.Lendershallnotberequiredtodisbursemorefrequentlythanonceeverythirty(30)days.
4.4.8,RegardlessofwhetherBorrowerisrequestingadisbursementofLoanproceedsforaparticularmonth,BorrowershallprovideLenderwithacopyofeachdisbursementordrawrequestsubmittedtotheSeniorLenderorotherfinancingpartiesonamonthlybasis.ThiscopyshallincludethemonthlyapplicationforpaymentfromtheContractoranddocumentationforallotherexpendituresforwhichfundingfromotherpartiesisbeingrequested.
4.5. ConditionsPrecedenttoSubsequentDisbursements.Lender'sobligationto
make any disbursementshereundershallbe subjectto the proceduresand requirementsin
Sections4.4and Borrower’ssatisfactionofthe followingconditions,asdeterminedby Lenderin
solediscretion:

4.5.1.ConfirmationthatanyoutstandingitemsontheDueDiligenceandClosingChecklisthavebeenprovidedtoLender,includingfinalexecutedandrecordeddocumentsthatwerenotavailableatthetimeofinitialdisbursement.Lendershallbeinreceiptofa finalelectronicclosingbinder.

4.5.2.Lenderhasheldapreconstructionme:NoticetoProceedtoBorrowerandContractor. igforthe Projectand issueda
4.5.3. Following Fifty Percent (50%) Completion as determined by the
Architect,LendershallholdaFiftyPercent(50%)CompletionMeeting.TheFiftyPercent(50%)CompletionMeetingmustbeconductedtoLender'ssatisfactionandanyoutstandingcomplianceconcernsmustbeaddressedbeforeLendershallmakedisbursementssubsequenttoFiftyPercent(50%)Completion.
4.5.4.Fieldprogressmeetingsshallbeheldonaregularlyscheduledmonthlybasis.Borrower,Contractor,Architect,andallnecessarysubcontractorsshallagreeonthepercentageofworkcompletedandinplace,andtheamountofstoredandinsuredmaterialson-siteandoff-site.Borrowershallberesponsiblefornotifyingallofthepartiesaboveofthetimeanddateofthemeetinginadvance.IfLender’srepresentativeisunabletoattendinpersonofvirtuallytoitssatisfaction,LenderreservesarighttoinspecttheworkperformedforwhichadisbursementissoughtorotherwiseinspecttheconditionoftheProjectbeforeprovidingitsapproval.IfLenderisunabletocompleteaphysicalinspection,date-stampedphotographicevidenceand/orvideofootagethatverifiestheworkcompletedandbilledforinthePaymentRequestwillberequired,
inaccordancewithLender’spublishedguidelines.

4.5.5.Lendershallhavereceivedsuchcertificationsofjobprogress,informsatisfactorytoLender,asLendermay request,whichshallincludethemostrecentconstruction
progressreportorconstructionmonitoringreport,asapplicable,meetingminutes,asummaryof
LoanAgreement(RevisedJan,2023) "
theProjectsrecentlycompletedandupcomingconstructionactivities,anupdatedschedule,adescriptionofsignificantProjectissues,andtheproposedresolutionofsuchissues.RegardlessofwhetherLenderisbeingrequestedtodisbursefundingforhardcosts,Borrowerisexpectedtosubmitacopyoftheconstructionprogressorconstructionmonitoringreport,asapplicable,orminutestoLenderonamonthlybasis.Inaddition,Lendershallhavereceivedcopiesofallotherrequestedreportsanddocuments,asavailable,requiredtosatisfyrequirementsofLenderandotherapplicablegovernmentalagencieshavingjurisdictionovertheProject.Inthisregard,Lendershallhavetherighttoinspectallbooks,recordsandaccountsrelatingtosuchwork,andmay,atitsoption,requireexecutionbyBorrowerandanycontractors,subcontractors,laborersandmaterialmenofsuchaffidavits,endorsementsandreleasesasLenderdeemsnecessary.

4.5.6.Lendershallhavereceiveda waiverandreleaseofliensfromtheContractor,acknowledgingreceiptofpaymentforpriorconstructionworkperformedandpaidoutofpriorLoandisbursementsandothersourcesoffunding.UnlesswaivedbyLender,BorrowershallalsodelivertoLenderwaiversandreleasesofliensfromallfirst-tiersubcontractorsandsuppliersthathavefurnishedlabor,material,orservicesincludedinallpreviousPaymentRequests.Inaddition,ifanymechanic’slienshavebeenfiled,BorrowershallhavegivennoticeandcopiesofsuchlienstoLender.
4.5.7. IfBorrowerrequestspaymentforanychangestotheapprovedPlansandSpecifications(the“ChangeOrder”),theChangeOrdershallhavebeenapproved:(i)priortoSeventy-FivePercent(75%)Completion,bytheSeniorLenderbeforeanydisbursementofLoanproceeds;and(ii)afterSeventy-FivePercent(75%)Completion,approvedbybothLenderandtheSeniorLenderbeforeanydisbursementofLoanproceeds.IfBorrowerrequestspaymentofsoftorothercostsfromotherProjectcontingenciesorlineitemsavings(“OtherContingenevUse”),therequestmustbeapprovedbyLenderafterSeventy-FivePercent(75%)Completion.IfrequestedbyLender,BorrowershallfurnishallnecessaryChangeOrderandOtherContingeneyUsedocumentation.Notwithstandingtheforegoing,LenderreservestherighttoreviewandapprovethescopeandcostofanyChangeOrderandOtherContingencyUse,regardlessofwhentheChangeOrderandOtherContingencyUse,asapplicable,wasincurredandregardlessofwhethertheChangeOrderandOtherContingencyUse,asapplicable,istobefundedwithLoanproceedsorothersources.LenderalsoreservestherighttowithholddisbursementofLoanproceedsifLenderdetermines,initssolediscretion,thattheProjectcannotbecompletedinaccordancewiththeapprovedPlansandSpecificationswiththeundisbursedportionoftheLoanandotherconstructionsourcesoffunds

45.8. IfrequestedbyLender,BorrowershallprovideexecutedsubcontractsoranyothersupplementaldocumentsdeemednecessarytoverifythePaymentRequest.
4.5.9.UnlesswaivedbyLender,adate-downtoitstitlepolicyatthetimeofdisbursement,ensuringthecontinuedpriorityoftheDeedofTrustandtheabsenceofanyencumbrancesnototherwiseconstitutingaPermittedEncumbrance(assuchtermisdefinedintheDeedofTrust)orpermittedunderthetermsofthisAgreement,togetherwithsuchendorsementLendermayreasonablyrequire.
4.5.10.IfrequestedbyLender,BorrowershallprovideupdatesonitseffortstocomplywithapplicableFederalandlocalhiringandcontractingrequirements.
LoanAgreement(RevisedJan,2023) 12

11. No EventofDefault,noranyeventorstateoffacts,whichwithnotice
or passageoftime or both would constitutean Eventof Default,shallthenexistundertheLoan
Documents.
4.6.— Retainage
4.6.1.BorrowerisrequiredtocomplywiththegeneralretainagerequirementsrequiredbytheSeniorLenderandtheConstructionContract.
4.6.2. ‘TheLender Retainage shallbe releasedinthe finaldisbursementof Loan
proceedsuponsatisfactionoftheconditionsspecifiedinSection4.7.
4.6.3.Notwithstandingtheforegoing,Lender,initssolediscretion,mayreduce
theoriginalLenderRetainageamountbyfiftypercent(50%)onlyaftertheFiftyPercent(50%)CompletionMeetinghasbeenconductedtoLender'ssatisfactionandanyoutstandingcompliance
concernshavebeenaddressedtoLender’ssatisfaction.
4.6.4. Lender’sdisbursementof theLenderRetainageissubjectinallrespects
totherequirementssetforthinSections4.7and 4.8.
4.7.Additional_ConditionsforFinalDisbursement,InadditiontoallotherconditionssetforthinthisSection4, Lender’s obligationto make the finaldisbursementof the
Loanproceeds,includingreleaseoftheLenderRetainage,shallbesubjecttoLender'sreceiptofthefollowing:
4.7.1 Confirmationthatthefollowingmattershave been addressedtothesatisfactionof
theLender'sOfficeofProgramMonitoring(“OPM”):
(1) AllcertifiedpayrollsrequiredbyDavis-BaconandtheRelatedActshavebeen submitted to Lender, and allsubcontractsdemonstrate compliance
withoutanyunresolvedwagevariancesorrestitution.
(2) Finalaccessibilityinspectionsforaccessibleunitsandcommonspaceshave
beenconductedbyOPM.
(3) AllrequiredSection3reportshavebeensubmittedandapprovedbyOPM.
(4) TherearenooutstandingcrosscuttingcomplianceviolationsforDistrictexternalagenciessuchasFirstSource,apprenticeship,minimumwageandCertifiedBusinessEnterprises.
4.7.2.UpdatedForm202,includingcomparisontotheProjectBudgetasoftheClosingDate.IfrequestedbyLender,satisfactoryChangeOrderandOtherContingencyUsedocumentationmustalsobesubmitted,
4.73. DraftthirdpartycostcertificationsfortheProjectfromBorrowerandContractor.
LoanAgreement(RevisedJan.2023) 13
4.74. Completionofa final,in-personsitevisitbyLender’sinspectorto
confirmallworkwascompletedinaccordancewithapprovedPlansandSpecifications.Final
approvaloftheProjectinaccordancewiththePlansandSpecifications,asbuilt,isrequired.
4.7.5. A completedand notarizedContractor'sCertificateand ReleaseForm
from Borrower.
4.7.6.FinalwaiversandreleasesofliensfromtheContractorandfirst-tiersubcontractorsandsuppliersthathavefurnishedlabor,material,orservicestoProject.Conditional
lienreleasesareacceptableincaseswherependingpaymentswillbemadeuponreleaseofthe
LenderRetainage.
4.7.7.Theissuanceofafinalortemporarycertificateofoccupancyforthe
intended,fundeduseoftheProject.
4.78. Architect’sCertificateofSubstacorrespondingpunch-lists.

Completion(AIAG-704)with
4.7.9. Aletter forsatisfactionfrom theArchitectand Borrowerforsatisfactory
completionof theProject(the“Satisfact

ionLetter”).TheSatisfactionLettershallaffirmthatthe
punch-listitemsassociated isfied,oradequatefundsreasonably
necessarytopaythecostsofcompletionofrem: stitems,ifany,asdeterminedby
theSeniorLender,shallhavebeenescrowedinaccordancewiththeSeniorLender'srequirements.In addition,the SatisfactionLettershallconfirm thatcertifiedwarrantiesand relateddocuments
requiredbytheConstructionContracthavebeenprovidedbytheContractor.

4.7.10.Copiesofallpermittradeinspectionsign-offapprovals,including,butnotlimitedto,electrical,plumbing,mechanical,structuralandfiresafety.
4.7.11.DocumentationthattheProjecthasbeenregisteredon theHousing
LocatorWebsite(assuch term isdefinedintheAffordableHousing Covenant).
4.7.12.EnterpriseGreenCommunitiesStep2 CertificationorcomparabledocumentationacceptabletoLender.
4.7.13.Receiptofthefinalas-builtPlansandSpecificationscertifiedbythe
Architectandengineerofrecord.
4.7.14.Receiptofanas-builtsurveyacceptabletoLender,unlesswaivedby
Lender.
4.7.15. Copies of such additionalpermits and licensesfor operation of the
Project,including,butnotlimitedto,thebusinesslicenseforBorroweranditsmanagement
company,asmaybenecessaryorrequiredbyanAuthority.

4.7.16. Performance of allother obligationsof Borrower under the Loan
Documents.
LoanAgreement(RevisedJan.2023) 14
4.7.17.ConfirmationthattheProjectiscurrentlycomplyingorhascompliedwithapplicableinitiallease-upincomecertificationandtenanteligibilityrequirementssetforthbyLender’sPortfolioandAssetManagementDivision.
4.8. FinalAdjustment to Loan AfterClosing
4.8.1.LenderandBorroweracknowledgeandagreethatLenderismakingtheLoantoprovidegapfinancingtoensurethecompletionoftheProjectand,therefore,atLender'sdiscretiontheLoanmaybereduced,orLendermayrequirerepaymentoftheLoan,asfollows:
(1) Onadollar($1.00)fordollar($1.00)basisforfundsthatwereusedfora
temporarypurposetotheextentthatsuchfundsareorwillbesubsequentlyreturnedtoBorrower(the“ReturnedFunds”).Suchfundsincludebutare
notlimitedto:refundeddeposits,financingfeesrequiredbyDistrictagencies,lenders,orotherparties.
2) Onafiftycents($0.50)foreverydollar($1.00)basisforanyothernetreductionintotalcostsshownintheProjectBudgetduetounspentcontingencyfunds,unspentshort-termreservesorotherbudgetsavings(the“CostSavings”),unlesstheCostSavingsareutilizedtocoveranunanticipateddecreaseinotherProjectsourcesasreflectedinanamendedProjectBudget.Theremainingfiftypercent(50%)ofCostSavingsshallbeappliedinaccordancewiththeSeniorLoanDocumentsorthetermsofthe[Operating/ParinershipAgreement},asapplicable.
(3) Onafiftycents($0.50)foreverydollar($1.00)basisforanyincreaseinfundingthatiscommittedtotheProjectaftertheClosingDateoverand
abovethefundingsourcesshowninthefinalProjectBudget,unlesstheincreaseinfundingisobtainedfroma non-Lendersourcetocoveran
unanticipatedincreaseinthecostsoftheProjectoradecreaseinothersourcesavailablefortheProjectasreflectedinanamendedProjectBudget
(the“InereasedSources”),Theremainingfiftypercent(50%)oftheIncreasedSourcesshallbeappliedinaccordancewiththeSeniorLoan
DocumentsorthetermsoftheOperatingAgreement,asapplicable.
(4) BorrowershallcalculateanyReturnedFunds,CostSavings,andIncreased
Sources(collectively,“ExcessProceeds”)andnotifyLenderoftheicipatedloanreductionamount(the“DraftLoanReduction
Calculation”)priortorequestingitsfinaldisbursementfromLenderbysubmittingadraftLoanReductionCertificate.IftheDraftLoanReduction
CalculationislessthantheremainingLenderRetainage,LenderreservestherighttowithholddisbursinganequalportionoftheremainingLender
Retainage,unlessBorrowercandemonstratethatdoingsowouldresultinaconstruction/stabilizationperiodfundinggapfortheProject.IftheDraft
LoanReductionCalculationexceedstheremainingLenderRetainage,LenderreservestherighttowithholddisbursingallofitsremainingLoan
proceeds,includingtheremainingLenderRetainage,unlessBorrowercan

LoanAgreement(RevisedJan.2023) 15
demonstratethatdoingsowouldresultinaconstruction/stabilizationperiodfundinggapfortheProject.
(5) BorrowershallupdatetheDraftLoanReductionCalculationbysubmittinga revisedLoanReductionCertificate(the“FinalLoanReductionCalculation”)withtheBorrower’srequestforaUnitedStatesDepartmentof the Treasury InternalRevenue Service Low-Income Housing Credit
Allocationand Certification(Form 8609).

4.8.2. If the FinalLoan Reduction Calculationpursuantto thissectionexceeds
theremainingLenderRetainage,orifthefullamountofLenderRetainagehaspreviouslybeenreleased,thenetamountofExcessProceedsduetoLendertoreducetheLoanshallbepaidwithinninety(90)daysofissuanceoftheForm8609andthefinalexecutedLoanReductionCertificateshallbedeliveredonthesameday.

48.3. Notwithstandingtheforegoing,anyloanreductionunderthissectionthatismadeafterLoanClosingbutpriortofulldisbursementoftheLoanproceedsshallbesubjecttotheconsentandapprovaloftheSeniorLender,EquityInvestor,andotherfinancingparties,asapplicable.
4.9.InsufficiencyofLoanProceeds.IfatanytimeduringthetermofthisAgreement,LenderdeterminesthattheremainingundisbursedLoanproceedsareinsufficientforanyreasontocompletetheProjectsubstantiallyinaccordancewiththePlansandSpecifications,Borrowershall,withinten(10)daysafterreceiptofNoticethereof(includingastatementofthebasisforsuchinsufficiency)fromLender,depositwithLenderoritsdesigneesuchsumsofmoneyincash(fromsourcesotherthantheLoan)asreasonablyarerequiredtoeliminatetheinsufficiency.AnyamountsodepositedbyBorrowershallstandasadditionalsecurityforBorrower'sobligationsunderthisAgreementandmaybedisbursedatLender’soptionbeforeanyfurtherLoandisbursementsaremadehereunder.

ments.NotwithstandinganyothertermofthisSection4,BorrowerherebyirrevocablyauthorizesLender,atLender'soptiontomakedisbursementsofLoanproceeds(i)jointlytoBorrower,Borrower'sconstructionmanagerandtoanycontractorormaterialmenfurnishinglabor,servicesormaterialsintheconstructionoftheProjectforanyamountsduetheminconnectiontherewith,or(ii)directlytoLenderforinterest,feesandanyotheramountsrequiredtobepaidtoLenderundertheNoteortheotherLoanDocuments.Nofurtherauthorizationfrom Borrower shallbe necessaryforLender tomake such directdisbursements,and
allsuchdisbursementsshallsatisfyprotantoLender’sobligationhereunderandshalllbesecuredbytheDeedofTrust.

4.11. DisbursementsNotaWaiver.No disbursementofanyLoanproceedsbyLendershallconstituteawaiverofanyoftheconditionsfordisbursementcontainedinthisAgreement,or

anobligationofLendertomakefurtherdisbursements.IfBorrowerisunabletosatisfyanysuchcondition,nosuchdisbursementshallhavetheeffectofprecludingLenderfromthereafterdeclaringthatinabilitytobeanEventofDefault.

LoanAgreement(RevisedJan,2023) 16
4.12. Stored Materials. No disbursements will be made for materialsthatare not
physicallyincorporatedintotheProject,otherthanformaterialsactuallydeliveredtotheProjectsiteoroff-site,andstoredina place,securedand insuredagainsttheft,vandalismandother
damage,allinamannersatisfactorytoLender.

4.13.NoEscrow.AnyandallLoanproceedsdisbursedtoBorrowerinaccordancewiththisAgreementmustbeplacedina non-interestbearingaccountandmustbeexpendedinaccordancewithSection4.InnoeventshallBorrowerescrowtheLoanproceeds.

Section5. Representationsand Warranties.Borrower representsand warrantstoLenderas
ofthedatehereof,andshallbedeemedtorepresentandwarrantasofthedateitsubmitsany
disbursementrequestto Lenderhereunder,that:
5.1. Status. Borrower isa Person in good standing under the laws of the Districtof
Columbia.AllrepresentationsandwarrantiesmadebyBorrowerintheotherLoanDocumentsaretrue,completeandcorrectwhenmade,

5.2. Authority. Borrower has the power and authorityto enter intoand execute and
deliverthisAgreement and each otherLoan Document executed and deliveredby it,and to incur
andperformtheobligationsprovidedforhereinandtherein(includingborrowingandguaranteeingtheLoan,asapplicable),allofwhichhavebeendulyauthorizedbyallproperandnecessaryactionandallmaterialgovernmentallicenses,authorizations,consentsandapprovalsrequired.Noconsentorapprovalofany otherPersonorAuthorityisrequiredasaconditiontothevalidityor
enforceabilityofthisAgreementoranyofsuchotherLoanDocuments,orifrequiredithasbeenobtained.

5.3. NoConflictingAgreements,Thereis(a)noprovisionofany existingmortgage,pledge,lien,securityinterest,charge,encumbrance,contractoragreementbindingonBorrower
oraffectingitspropertynoranyjudgment,decree,ororderofcourtbindingonBorrower,and(b)tothebestknowledgeofBorrower,nolaw,statute,ruleorregulationbindingonBorroweror
affectinganyofitsproperty,whichwouldconflictwithorinanywaypreventtheexecution,deliveryo performanceofthetermsof thisAgreementorofanyotherLoanDocumentexecuted
anddeliveredbyBorrower,orwhichwouldbeindefaultorviolatedasaresultofthatexecution,deliveryorperformance.

5.4. Litigation,Thereisno litigation,proceedingorinvestigation,pendingorthreatenedinwriting,whichmayresultinanymaterialandadversechangeinthefinancial
condition,assets,liabilities,businessorprospectsofBorrower,andBorrowerdoesnotknowofanybasisforanysuchlitigation,proceedingorinvestigation.
5.5. FinancialInformation.AllfinancialinformationheretoforefurnishedtoLenderconcemingBorroweriscompleteandcorrectinallmaterialrespects,andfairlypresents
Borrower'sfinancialpositionasofthedatethereof.Therearenoliabilities,directorindirect,fixedorcontingent,ofwhichBorrowerisawareexceptasreflectedtherein.Therehasbeennomaterial
adversechangeinBorrower'sfinancialconditionoroperationssincethedatesofthosefinancialinformation(andtoBorrower’sknowledge,nosuchmaterialadversechangeispendingor
threatened),andBorrowerhasnotguaranteedtheobligationsof,ormadeanyinvestmentinor

LoanAgreement(RevisedJan.2023) 7
advancesto,anyPersonexceptasdisclosedinsuchinformation.Borrowerhasgoodandmarketabletitletoallofitspropertiesandassets,freeandclearofencumbrances(otherthanaspermittedbyLender),exceptasreflectedinthatinformation.

5.6,Receivership.TherearenoactionsorproceedingspendingorthreatenedagainstBorrower,tothebestofBorrower'sactualknowledge,toliquidateorreorganizeitorplaceitintoreceivership.

5.7.TaxReturns.Borrowerhasfiledorcausedtobefiledall(if'any)requiredFederal,stateand localtax returns,and paid alltaxesshown on thereturnsas such taxeshave become due.
Noclaimshavebeenassessedandareunpaidwithrespecttosuchtaxes,exceptasshowninthefinancialinformationreferredtoabove.

5.8,LiensonProperty.Thereexistsnomortgage,pledge,lien,securityinterest,chargeorotherencumbrances(exceptaspermittedbyLender)onorwithrespecttotheProperty.
5.9.Utilities.AllutilityservicesnecessaryfortheconstructionandoperationoftheProjectforitsintendedpurposesareorwillbeavailableattheboundariesoftheProperty,includingwatersupplyofsufficientquantityandpressure,stormandsanitarysewerfacilitiesofadequatecapacities,gas,electricandtelephonefacilities.Borrowerhasprocured,orherebyagreetouseitsbesteffortstoprocure,fromtheDistrictofColumbia,andotherauthoritiesandcorporatconnectionanddischargearrangementsforthesupplyofwater,gas,electricityandotherutilandsewageandindustrialwastedisposalfortheoperationoftheProject.

5.10.Roads.AllroadsnecessaryforthefulluseoftheProjectforitsintendedpurposeshaveeitherbeencompletedorthenecessaryrightsofwaythereforhaveeitherbeenacquiredby
BorrowerortheappropriateAuthorityorhavebeendedicatedtopublicuseandacceptedbysuchAuthorityorwillbesoacquiredordedicatedwithinaperiodoftimesatisfactorytoLender,and
allnecessarystepshavebeentakenbyBorrowerandsuchAuthoritytoassurethecompleteconstructionandinstallationthereofinaccordancewithlawandallapplicablegovernmentalrequirements.

5.11. Zoning and Land Use. The Project,and the useofthe Projectforitsintendeduse,
willnotviolateanyzoningorotherordinance,regulationorlaw,restrictivecovenantoragreementofBorrower(eithernow inexistenceorknownbyBorrowertobeproposed)applicabletothe
Property,theProjectoritsuse,andallrequirementsforsuchusehavebeensatisfied,Borrowershallnotinitiate,joinin,orconsenttoanychangeinanyrestrictivecovenant,easement,zoningordinanceorotherpublicorprivaterestrictionlimitingordefiningtheuseswhichmaybemadeof theProperty,theProjectoranypartthereof.

5.12.CostBreakdown.Thecostbreakdown(intradebreakdownform)fortheProject
suppliedto Lender iscompleteand accurateasofthe datehereof,based on allinformationnow
availableto Borrower,and Borrower has no knowledge of any materialchange in theamount
shown thereonwhich islikelytooccur.

5.13.OFACList.Borrower,andtothebestofBorrower'sknowledgeafterhavingmadediligentinquiry,andallpersonsorentitiesowninganinterestinBorrower(i)arenotcurrentlyidentifiedontheUnitedStatesOfficeofForeignAssetsControl(“OFAC”)List,and(ii)arenot
LoanAgreement(RevisedJan.2023) 18
personsorentitieswithwhomacitizenoftheUnitedStatesisprohibitedtoengageintransactionsbyanytradeembargo,economicsanction,orotherprohibitionofUnitedStateslaw,regulation,orExecutive Order of the Presidentof the United States.The OFAC Listcurrentlyisaccessible
through the internetwebsitehttp://www.treas.gov/offices/eotffe/ofac/sdn/tlsdn.pdf.

Section6. Covenants,Borrowercovenantsandagreesthat,aslongasanypartoftheLoan
remainsunpaid,Borrowerwill:
6.1.ConstructionofProject,CausetheProjecttobecompletedsubstantiallyinaccordancewiththefinalPlansandSpecificationsonorbeforetheCompletionDate,freeandclearofallliensotherthantheDeedofTrustandthePermittedEncumbrances(assuchtermisdefinedintheDeedofTrust).BorrowershallnotpermitanymaterialchangesinthePlansandSpecificationswithoutthepriorwrittenconsentofLenderandallauthoritiestowhomsuchPlans
andSpecificationsarerequiredtobesubmitted.
6.2. Insurance.At alltimesduringthetermofthisAgreement,Borrowerwillmaintain
atitssolecostandexpense,forthemutualbenefitofBorrowerandLender,alloftheinsurance
specifiedinExhibitH,andwillnotpermitanyconditiontoexistonthePropertythatwouldinvalidateanypartofanyinsurancecoveragerequiredunderthisAgreement.
6.: Accounting/Audit Requirements. Maintain complete and accuraterecordsand
documentationofallcostsincurredundertheLoaninaccordancewiththeinstructionsofLenderandorganizedinamannerthatidentifiescostcategoriesintheitemizedbudget.

6.4.Inspection.PermitLender,itsagentsandLender'sinspectortoenteronthePropertyatallreasonabletimesandasoftenasmaybereasonablyrequested,toinspecttheProjectandallmaterialstobeusedinconnectionwiththeconstructionthereof,andtoexaminealldetailedplansanddrawingswhichareormaybekeptattheconstructionsiteandaccesstothebooks,recordsandsuchotherdocumentsofBorrowerasLendershallreasonablyrequiretoinspect,auditandexaminethesameandtomakeextractstherefromandtomakecopiesthereof.Furthermore,throughouttheLoanTerm,BorrowermustbepreparedforandfacilitatemonitoringbyLenderincompliancewithFederalandDistrictrequirements,including,butnotlimitedto,thefollowing:creating,storingandmaintainingallProjectrecordsinaccordancewithLender’srequirements;permittingdeskmonitoring,sitevisits,andaudits;andpermittingallinspectionsoftheProjectrecordsasLenderdeemsnecessarytoensuretheupkeepandoperationoftheProjectincompliancewithDistrictandFederallaws.

6.5.MaintenanceandRepair.KeepandmaintaintheProjectandeachpartthereofingoodcondition,workingorderandrepair,makeallnecessaryorappropriaterepairs,replacements
andrenewalstheretosothateachpartthereofisatall timesingoodcondition,fitandproperfortherespectivepurposesforwhichitwasoriginallyintended,erected,orinstalled,andtoensurethatthesecurityfortheLoanisnotimpaired,andmakeallnecessaryorappropriatedepositstoareplacementreservefortheProject.

6.6.Obstructions.UseitsreasonableeffortstokeepandmaintainallpartsoftheProjectandthesidewalks,curbsandpassagewaysadjoiningitinacleanandorderlycon;freeofdirt,rubbish,snow,iceandunlawfulobstructions.

LoanAgreement(RevisedJan.2023) 19
6.7. Permits,Licenses.Procureorcausetobeprocured,anyandallnecessarypermits,
certificates,licensesorotherauthorizationsrequiredforuseoftheProjectasrentalhousing,andcomplywithallconditionsandrequirementsnecessarytopreserveandextendallrights,licenses,permits,privileges,franchisesandconcessionsnoworhereafterapplicabletotheProject.
6.8. Structural Injury, Nuisance, Waste and Other Prohibited Uses. Not use or
occupytheProjectorpermitittobeusedoroccupiedinanymannerwhichwouldcausestructuralinjurytotheProject,causethevalueortheusefulnessoftheProjectoranypartthereoftodiminish(ordinarywearandtearexcepted),orconstituteapublicorprivatenuisance,orwaste.
6.9._CompliancewithLaws.NotuseoroccupytheProjectorknowinglypermititto
beusedoroccupiedcontrarytoanyuniformlyapplicablelawsaffectingtheProjectandthe‘occupancy,operationorusethereof,whetherornotanysuchlawswhichmaybehereafterenacted
involveachangeofpolicybytheAuthorityenactingthem.
6.10.Reporting.
6.10.1. Audited FinancialStatements. Within one-hundred twenty(120) days
aftertheendofeachFiscalYear,theauditedbalancesheetofBorrowerforsuchyear,andtherelatedauditedstatementsofincome,retainedearningsandcashflowsforsuchyear,eachsettingforthincomparativeformthefiguresforthepreviousFiscalYear,inreasonabledetailandallpreparedinaccordancewithgenerallyacceptedaccountingprinciples,consistentlyapplied,
applicableOfficeofManagementandBudgetguidelines,andanyotherapplicableFederalorDistrictauditrequirements,withoutqualification,byanindependentcertifiedpublicaccountant
acceptabletoLender.
6.10.2.SupplementalAnnualSubmission.Togetherwiththeauditedfinancial
statement,BorrowershallsubmitthefollowinginformationfortheProject:
(1) EvidenceofcommercialpropertyinsurancewithLenderlistedasan
additionalinsured;
(2) EvidenceofliabilitypropertyinsurancewithLenderlistedasanadditionalinsured;
(3) Copyofreserveaccountstatements,ifapplicable;
(4) Evidenceofpaymentofrealestatepropertytaxes;
(5) Copyofcurrentbusinesslicense;
(©) Projectoperatingstatements;
(7) AnnualOwnerCertification;and
(8) NetCashFlowCalculationWorksheet.
LoanAgreement(RevisedJan.2023) 20
6.10.3.TaxReturns.Withinthirty(30)daysoftheapplicablerequiredannualfilingdate,includinganystandardextensionsforwhichBorrowermayhavevalidlyfiledandcopiesofwhichareprovidedtoLender,completecopiesofallFederalandstatetaxorinformationreturnsofBorrower(includingformK-1sandallschedules),certifiedastrueandcorrectbytheprincipalfinancialoraccountingofficerofBorrower.
6.10.4._ InternalFinancialStatements.Uponthirty(30)days’priorwrittenrequestfromLender,Borrower’sinternalconsolidatedfinancialstatementsforthepreceding
financialquarterpreparedby BorrowerandcertifiedbyBorrower'sprincipalfinancialor
accountingofficer,includingastatementofactivities,astatementoffinancialposition,astatementofcashflow,abreak-downofgrossleaserevenues,andduringconstruction,areconciliationofexpenditurespaidwithLoanproceeds.

6.10.5.AffordableHousing.Uponthirty(30)days’priorwrittenrequestfrom
Lender,(i)anyinformationabouttheleasingandoccupancyoftheAffordableUnits,includingarentrollfortheProject,summarizing thetermsofall residentialleasesand the Household incomes
ofthetenants,asoftheendofDecemberoftheprioryearnolaterthanMarchIofeachyear,ormorefrequentlyasreasonablydeterminedbyLender;and(ii)anyotherinformationthatmaybe
requiredtomeetDistrictand/orFederalreportingrequirements,includingbutnotlimitedto,formationonhouseholdsize,age,income,sex,andraceorethnicityofalloccupantswhoresideinAffordableUnits.

6.10.6.AdditionalFinancialInformation.Uponthirty(30)days’priorwritten
requestfromLender,anyadditionalinformationnecessarytoevaluatethefinancialpositionoftheProject,asreasonablydeterminedbyLender.
6.fromLender,prov OngoingProjectUpdates.Uponfive(5)days’priorwrittenrequestleLenderwithregularProjectupdates.

6.11. Records and Retention. Keep and maintain at alltimes complete and accurate
booksofaccountandrecords(includingcopiesofsupportingbillsandinvoices)adequatetoreflect
correctlytheoperationoftheProjectorthePropertyandtheuseoftheLoanproceedsandcopiesofallwrittencontracts,leases,andotherinstrumentswhichaffecttheProjectortheProperty.Keep
recordsforaperiodoffive(5)yearsfromthedatethatsuchrecordsaregenerated.Ifanylitigation,claim or audithas begun beforethe expirationof the 5-year retentionperiod,the recordsshallbe
retainednolessthanfive(5)yearsafteralllitigation,claims,auditsormonitoringfindingsinvolvingthe recordshave been resolvedand finalactiontaken.

6.12,PaymentofObligations.Payanddischargeatorbeforematurityallitsmaterialobligationsandliabilities,includingtaxliabilities,theexpensesoftheProject,andclaimsforlabor,
materials,andsuppliesthat,ifunpaid,mightbecomeliensonthepropertyofBorrower,exceptthosebeingcontestedingoodfaithbyappropriateproceedings.

6.13.Notices.PromptlygiveNoticetoLenderof(i)alllitigationaffectingBorrower,theProperty,oranyportionoftheProject,and(ii)allcomplaintsandchargesmadebyanyAuthorityhavingjurisdictionovertheProjectwhichmaymateriallydelayorrequirematerialchangesintheconstructionoftheProjectorotherwiseimpairthesecurityofLender.

LoanAgreement(RevisedJan,2023) 21
6.14.FurtherAssurances.OnrequestbyLender,doanyactorexecuteanyadditionaldocuments(includingsecurityagreementsandfinancingstatementsonanypersonaltyownedby
BorrowerandincludedortobeincludedintheProject)reasonablyrequiredbyLendertoconfirmthelienandsecurityinterestoftheDeedofTrust,oranyothercollateraldocument.
6.15.FeesofLender’sAgents,PayAttorneys’FeesandCostsandthereasonablefees
ofLender'sagents,ifany,inconnectionwiththeProjectortheLoan.
6.16.PerformanceofOtherAgreements.Jointlyandseverally,dulyandtimelyperformandobserveallcovenants,agreementsandconditionsonitsparttobeperformedorobservedinallmaterialrespects.
6.17.AcknowledgementofLenderFinancing.
(a) AllowLenderto,orasreasonablyapprovedbyLender,placesuitablesignageindicatingthattheProjectisbeingdevelopedwithfinancialassistanceprovidedbyLenderinsuch
mannerasLendermayelect.AnysuchsignshallbeprovidedattheexpenseofLender;provided,
however,thatifLenderprovidesasigntoBorrower,thenBorroweragreestoprovideaprominentandsuitablelocationofthedisplayofthesignandtomaintainthedisplayofsuchsignforthedurationofdevelopmentoruntiltheLoanhasbeenfullysatisfied,whichevereventshalloccur
first.
(6) EnsurethatallwrittenorprintedmaterialsdistributedorpostedbyBorrower,whichpublicizetheProject,shallincludeinformationthattheProjectisbeingfunded,partiallyorfully,throughLender.Further,announcementofalleventsthatpublicizetheProjectshallacknowledgefundingby Lender.Thismay include,butisnotlimitedto,socialmedia,newspaperannouncementsoradvertisements,flyers,postings,anyradioandtelevisionannouncements.
6.18. Property Management. At alltimes during the termofthis Agreement, Borrower
shallenterintoamanagementcontractwithaDistrictlicensedprofessionalmanagementcompanyfortheProject,cancelableonsixty(60)days’notice,andotherwiseinformandsubstancesatisfactorytoLenderinitsreasonablejudgment.BorrowershallnotifyLenderatleastsixty(60)
daysinadvanceofanychangeinmanagementandshallprovideLenderwithacopyoftheproposedmanagementagreementforLender’sreviewandapprovalpriortoBorrower’sexecutionthereof.Suchapprovalshallnotbeunreasonablywithheld,conditionedordelayed.Theproposedsuccessormanagershallbe a managementcompany,ingoodstandingwiththeDi
Columbia,andexperiencedinmanagingpropertiesofa similartypeandsizeastheProject.Theproposedsuccessormanagershalldeliverallorganizationaldocumentsandotherdocuments,upontherequestofLender,regardingthemanager'ssuitabilitytomanagetheProject.AnysuccessormanagementcontractenteredintobyBorrowershallbeapprovedbyLender,suchapprovalshall
notbeunreasonablywithheld,conditionedordelayedandshallprovidethatitshallbesubjecttotermination,withoutpenalty,uponwrittenrequestby Lender,addressedtoBorrowerifthe
propertymanagerfails,afterbeingprovidedfundsthereforefromBorrower,totakeactiontocureanymaterialdefaultunderthepropertymanagementcontractwithinsixty(60)days’noticethereofbyLenderwithacopytoBorrower.Intheeventofanemergencysituation,thesixty(60)daynoticeperiodshallbeshortened,atLender’sreasonablediscretion.Uponreceiptofa requestto
terminatethemanager,Borrowershallterminatethemanagementcontractnolaterthansixty(60)

LoanAgreement(RevisedJan,2023) 22
daysfromthedateofthenotice,providedthat(i)Lenderhasapprovedofa newmanagerandmanagementcontract,(ii)thechangewillnotresultintheProjectbeing withoutamanagerforanyperiodoftime,and(iii)BorrowerhasreceivedthepriorwrittenconsentoftheSeniorLender.
6.19.AffordabilityCovenants.
(@) ComplyinallrespectswiththeAffordableHousingCovenantandrentand
maintaintheAffordableUnitsinaccordancewiththeAffordableHousingCovenant.

(6) Maintainaccuraterecordsofthetenanthouseholdincomesandrentlevelseachtime thatan Affordable Unit isrented,and rentrollsupdated on a monthly basis,and availablefor
inspectionbyLenderwithinten(10)daysofLender’srequesttherefore.

(©) RegisteranyavailableAffordableUnitwiththeHousingLocatorwebsiteestablishedpursuant to the Affordable Housing Clearinghouse DirectoryAct of 2008, D.C. Law
17-215, D.C. OfficialCode § 42-2131 et seq. and shallactivelyseek to market vacant unitsto
householdsreferredbytheDistrictofColumbiaHousingAuthorityasrequiredintheProgramRequirements.As of the dateof thisAgreement,the HousingLocatorwebsiteis
www.DCHousingSearch.org.
6.20.HazardousMaterialsIndemnity.
(a) ComplywithallgovernmentalrequirementsapplicabletoHazardousMaterials
(includingleadpaint)andotherenvironmental,health,fireandsafetylawsorregulations,including,butnotlimitedto,theOccupationalHealthandSafetyActandAmericansWithDisabilitiesAct;
(b) NotifyLenderofanynoticereceivedbyBorrowerofanyleak,spillorotherrelease
ofHazardousMaterialsorofany violationofanyenvironmental,health,fireorsafetylawsorregulationswithrespecttotheProjectorthePropertyinwhicheventLendershallbealloweda
rightofentry(includingtherighttoconducttestsandtakesamplesfromtheProjectortheProperty)andmay,butshallnotberequiredto,remediatetheproblemifBorrowerdoesnotpromptlyinitiateanddiligentlypursuesuchremediation;

(©) [unlawfulHazardousMaterialsaredeterminedtobelocatedattheProjectoronthePropertyoranotherenvironmental,health,fireorsafetylaworregulationhasbeenviolatedandsuchviolationhasbeencausedbyBorroweroritsagents,provideLenderwithabondorletterofcredit,orsimilarfinancialassurance,satisfactorytoLender,inanamountsufficienttocoverthecostofanycleanuporofremediationoftheviolation,asthecasemaybe;and
(@)__IndemnifyandforeverholdLenderharmlessfromanyloss,claim,damageorliabilityarisingoutof,orinconnectionwith,theunlawfulpresenceattheProjectoronthePropertyof,ofcontaminationby,anyHazardousMaterialsortheviolationofenvironmental,health,fireorsafetylawsorregulationsifsuchloss,claim,damageor liabilitywascausedbyBorroweroritsagentsandhasoccurredsinceBorrowertooktitletotheProperty;provided,however,BorrowershallhavenoliabilitytotheextentanylossarisesasaresultofthegrossnegligenceorwillfulmisconductofLender.ThisindemnificationshallsurviverepaymentoftheLoan.

LoanAgreement(RevisedJan,2023) 23
(e) Further,Borrower shallpay Lender,upon demand, forallcostsreasonablyincurred
byLenderinconnectionwithinspectingtheProjectorthePropertywithrespecttoHazardousMaterials,which Lender may do at any time and from time to time,and/or in connectionwith
reviewinganyHazardousMaterial,environmental,health,fireorrelatedsafetyreports,includingAttorneys’FeesandCosts,engineeringfeesandotherfeesandexpensesifsuchcostsareincurredas a resultof actionscaused by Borrower or itsagents afterthe date Borrower takestitleto the
Property.
Section7. Default;Remedies.
7.1.Defaults.An “EventofDefault”shallbedeemedtohaveoccurredunderthis
Agreementontheoccurrenceofanyoneormoreofthefollowingevents:

7.1.1. Any representationor warrantymade hereinor any statementor
representationmadeinanycertificate,reportoropinion(includinglegalopinions),financialstatementorotherinstrumentfurnishedinconnectionwiththisAgreement(includingrequests),anyapplicationmaterialsfortheLoan,oranyoftheotherLoanDocuments,provestohavebeenincorrectinanymaterialrespectwhenmade;or

7.1.2,Borrowerfailstopay,withinten(10)daysafterthedateonwhichitis
dueandpayable(a)theprincipalof,premium,ifany,orinterestoranyotherchargesorsumsonorundertheNote(whetheronmaturity,onanyinstallmentdate,afteracceleration,afternoticeofprepayment,orotherwise),or(b)anyotherpaymentrequiredbythisAgreementoranyofthe
otherLoanDocumentstobepaidbyBorrower,including,butnotlimitedto,anypaymentsduetoLenderinaccordancewiththeFinalLoanReductionCalculation;or

7.1.3.Borrowerfailstodulyandpromptlyperform,complywithorobserveanyoftheterms,covenants,conditionsoragreementscontainedhereinorintheProgram
Requirements,otherthanpertainingtoinsurancerequirementshereinforwhichthereshallbenosuchcureperiod,whichdefaultremainsunremediedforthirty(30)days(orsuchothercureps
asmaybespecifiedherein)afterNoticetothenon-performingentitythereof,exceptthatifthedefaultissuchthatitcannotbecorrectedwithinthirty(30)days(oranyothercureperiodspecified
herein),itshallnotbeanEventofDefaultif,intheopinionofLenderreasonablyexercised,thenon-performingentityistakingappropriatecorrectiveactiontocurethedefaultandthedefault
willnot,inLender'ssolejudgment,impairthesecurityfortheLoan;or

7.1.4. An ActofBankruptcyoccurswithrespecttoBorroweroranyother
guarantoroftheLoan;orBorrowerbecomesgenerallyunabletopayitsdebtsastheybecomedue:or
7.1.5. An EventofDefaultoccursunderanyotherLoanDocument;or
7.1.6. Any mechanic'slienisestablishedagainsttheProjectandnot discharged
orbonded againstby Borrowerwithinthirty(30)daysafteritreceivesnoticeofthe establishment
thereof;or
7 BorrowerfailstocomplywithanyrequirementofanyAuthorityhavingJurisdictionwithinthirty(30)daysaftertheAuthoritygivesitwrittennoticeoftherequirement;

LoanAgreement(RevisedJan.2023) 24
orifanyproceedingisbegunoractiontakentoenforceanyremedyfora violationofanyrequirementoftheAuthorityoranyrestrictivecovenantaffectingtheProperty.
7.2.RemediesofLenderonEventofDefault,WheneveranyEventofDefaultreferredtoinsubsection7.1hasoccurred,Lendermayrefusetodisburseanyamountshereunder,acceleratethepaymentsdueontheNoteanddeclareallotherofBorrower'sobligationstobeimmediatelydueandpayable,bringsuitontheNote,andtakesuchotheractionsagainstBorrowerasLendermaydeemtobeappropriate,aspermittedbylaw.Inaddition,Lender,in itssolediscretion,maytakeanyoneormoreofthefollowingremedialsteps:

7.21. Acceleration.DeclaretheunpaidprincipaloftheNoteandallinterestaccruedthereon,togetherwithallothermoneyspayablehereunder,tobeimmediatelydueandpayable,bynoticeinwritingtothateffectdeliveredtoBorrower,andonsuchdeclaration,allsuchmoneysshallbecomeimmediatelydueandpayable,withoutprotest,presentment,furthernoticeordemand,allofwhichareexpresslywaivedbyBorrower,attheplaceofpaymentprovidedinsuchnotice,anythinginthisAgreementorintheNotetothecontrarynotwithstanding,
7.2.2.LegalAction,Bymandamusorothersuit,actionorproceedingatlaworinequity,enforceallrightsofLender,andrequireBorrowertocarryoutanyagreementwithorforthebenefitofLender,andtoperformitsdutiesunderthisAgreement,theDeedofTrust,andtheotherLoanDocuments;and/or
(1) BringsuitontheNote;and/or
(2) Byactionorsuitinequityenjoinanyactsorthingswhichmaybeunlawfulor inviolationofthe rightsof Lender;and/or
(3) Takewhateveractionatlaworinequityappearsnecessaryordesirabletocollectthepaymentsandotheramountsthendueandthereaftertobecomedueortoenforceperformanceandobservanceofanyobligation,agreementorcovenantofBorroweroranyotherPersonunderthisAgreementoranyotherLoanDocument.
7.2.3. Booksand Records.Haveaccesstoandinspect,examineandmake
copiesofthebooks and recordsand any and allaccountsand similardataof Borrower.
7.2.4,ProtectionofProperty.Withoutresorttojudicialprocess,takesuchstepsasitdeemsappropriatetoprotecttheProjectorthePropertyfromdepredationorinjury,includingemploymentofwatchmenorotherprotectiveservices,andBorrowershallpayanyexpensesincurredbyLenderintakingsuchsteps.
7.25. CompletionofProject.LendershallhavenoobligationtodisburseanyportionoftheundisbursedproceedsoftheLoantoBorrower.LendermayentertheProjectorthePropertyforthepurposeofcausingBorrower'sobligationshereundertobefulfilled,andforsuchpurposesBorrowerherebyappointsLenderasitslawfulattomey-in-fact,withfullpowerofdelegationandsubstitution,toactforsuchpurposeinitsname,totakeanyorallofthefollowing

LoanAgreement(RevisedJan.2023) 25
(1) ContinuetheProject;and/or
(2) Availitselfandprocureperformanceofallcontractstheretoforemadeby
Borrower;and/or
(3) Modifysuchcontracts,ortoenterintonewcontractswiththesameorothercontractors,architects,suppliersoragents;and/or
(4) Pay,settleorcompromiseanybills,claimsorliensincurredinconnectionwiththecompletionoftheProject;and/or
(5) Prosecuteordefendanyactionorproceedinginconnectiontherewith,to
executesuchapplicationsandcertificatesasmay be requiredbygovernmentalauthorityoranyagreementbyBorrower;and/or

(6) Performanyotheractandexecuteanddeliveralldocumentsandinstrumentsasmaybeappropriateforsuchpurposes;and/or
(7) Useanyfundsnotyetdisbursedhereunderorotherwiseallocatedormadeavailabletherefortopaythecostthereof,itbeingspecificallyagreedthatthispowerofattorneyisapowercoupledwithaninterestwhichcannotberevoked.
AnydisbursementoffundsforsuchpurposesshallbedeemeddisbursementspursuanttothisAgreementandevidencedbytheNote.Inaddition,ifitisnecessaryforLendertodisburseanyamountsinordertoaccomplishsuchpurposes,BorrowershallreimburseLenderfortheamountofsuchexcess,withinterestthereonasprovidedinSection13,andauthorizeLendertoapplyfundsreceivedfromthesaleorrentalofanyportionsoftheProjecttotherepaymentofsuchexcessbeforethesameareappliedforanyotherpurpose.AnyactiontakenbyLenderhereundermay,inthesolediscretionofLender,bethereafterterminatedorchanged,andthisAgreementoranyactiontakenhereundershallinnowaybeconstruedasimposinganyobligationonLendertoactorcontinuetoactonthebehalfofBorrowerorotherwisetocompletetheProjectorfulfillanyobligationofBorrowerinconnectionwiththeProject.

7.2.6.PossessionofProject.TakepossessionoftheProjectandhave,hold,manage,leaseandoperateitonsuchtermsandforsuchperiodoftimeasLenderdeemsproper;
andcollectandreceiveallrents,incomeandprofitsoftheProject,withorwithouttakingpossessionoftheProject,withfullpowertomakefromtimetotimeallalterations,renovations,
repairsorreplacementstheretoasseempropertoLender,andtoapplysuchrents,incomeandprofitstothepaymentof:
(1) Thecostofsuchalterations,renovations,repairsandreplacementsandexpensesincidenttothetakingandretainingpossessionoftheProjectandthemanagementandoperationthereofandkeepingthesameproperlyinsured,and
(2) AllltaxesandanyotherencumbranceswhichmaybepriorinlienorpaymenttotheobligationsofBorrowerhereunder,and
LoanAgreement(RevisedJan.2023) 26

(3) TheobligationsofBorrowerhereunder,togetherwithallcostsandAttomeys’FeesandCosts,insuchorderofpriorityastoanyofsuchitemsasLenderinitssolediscretionmaydetermine,anylaw,customorusetothecontrarynotwithstanding.

7.2.7.RepossessionofCollateral.ProceedundertheDistrictofColumbiaUniformCommercialCodeastoalloranypartofthecollateral,andinconjunctiontherewith
exerciseallrights,remediesandpowersofasecuredpartyundertheDistrictofColumbiaUiCommercialCodeasthenineffectintheDistrictofColumbia(“UCC”),includingtakingpossessionofthecollateralpursuanttoSection9-503oftheUCCwithoutresorttojudicialprocess.Ifan Event of Defaultoccurs,Borrower shallassemble allof the collateral,and make itavailable
attheProperty.AnynoticerequiredbySection9-504oftheUCCshallbedeemedreasonablyandproperlygivenifgiveninthemannerspecifiedforotherNoticesunderthisAgreement,atleastfifteen(15)daysbeforeanysaleorotherdispositionofthecollateral.Dispositionofthecollateralshallbedeemedcommerciallyreasonableifmadepursuanttoapublicofferingadvertisedatleasttwiceinanewspaperofgeneralcirculationinthecommunitywherethecollateralislocated.

7.2.8. Foreclosure.Declarea defaultundertheLoan Documents and exercise
itsrightsofforeclosureandotherremediesavailableundertheDeedofTrust.
7.3. No Remedy Exclusive:Delaysor Omissions;Waiver of Breach.No actiontaken
pursuanttothisSection7shallrelieveBorrowerfrom itsobligationshereunderorunderanyother
LoanDocument,allofwhichshallsurviveanysuchaction,andLender(totheextentprovidedabove)maytakewhateveractionatlaworinequityappearsnecessaryanddesirabletocollectthepaymentsandotheramountsthendue,andthereaftertobecomedueand/ortoenforcetheperformanceandobservanceofany obligation,agreementorcovenantofBorrowerhereunderor
ofanyotherPersonunderanyLoanDocument.
No remedy hereinconferredon or reservedto Lender isintendedtobe exclusiveof
anyotheravailableremedyorremedies,buteachsuchremedyshallbecumulativeandshallbeinadditiontoeachotherremedygivenunderthisAgreementortheotherLoanDocumentsornow
orhereafterexistingatlaworinequity.Ifanyrightorremedygrantedhereinisheldtobeunlawful,Lender shallbe entitledto each otherright and remedy provided inthisAgreement and by law or
inequity.Nodelayoromissioninexercisinganyrightorpoweraccruingonanydefault,omissionorfailureofperformancehereunderorundertheLoanDocumentsshallimpairanysuchrightor
powerorbeconstruedtobeawaiverthereof,butanysuchrightandpowermaybeexercisedfromtimetotimeandasoftenasisdeemedexpedient.IfanytermofthisAgreementisbreachedbyBorrower and isthereafterwaived by Lender,thatwaiver shallbe limitedto theparticularbreach
so waived, and shallnot be deemed towaive any otherbreach.No waiver,amendment, releaseor
modificationofthisAgreementshallbeestablishedbyconduct,customorcourseofdealing,butsolelybyadocumentsignedbyLender.InordertoentitleLendertoexerciseanyremedyreservedtoitinthisSection,itshallnotbenecessarytogiveanynotice,otherthananynoticebehereinexpresslyrequired.

LoanAgreement(RevisedJan.2023) 27
Section8. Additional_Local_and_FederalRequirementsApplicableto Borrower.In
additiontotheProgramRequirements,BorrowershallfullycomplywiththefollowingFederalandDistrictrequirementsastheymaybeapplicabletoBorrower,theProjectortheProperty,includingimplementationofsuchrequirementsthroughhandbooks,guidesandnotices,andallfutureupdates,changesandamendmentstheretoapplicabletoBorrower,theProjectortheProperty,astheybecomeeffective:

(a) Compliance withEqual OpportunityObligationsinContracts(AffirmativeAction
Plan)—Mayor'sOrder1985-85;
(b) CertifiedBusinessEnterpriseRequirements— D.C. OfficialCode § 2-218.46et
seq.
(c) D.C.HumanRightsActof1977—D.C.OfficialCode§2-1401.1ef

(d) FairCriminalRecord ScreeningforHousing Act of 2016 — D.C. OfficialCode
§42-3541.01etseg.;
(©) FirstSourceProgram—D.C.OfficialCode§2-219.01etseq.
(f) FreedomofInformationAct—D.C.OfficialCode§2-531efseq.;
(g)_ InclusionaryZoning ImplementationActof 2006 — D.C.OfficialCode § 6-1041.01

(h) RelocationAssistance- 10BDCMR Chapter22;
ji) RentalHousing Act of 1985 —D.C. OfficialCode § 42-3501.01etseq.;
() RentalHousingConversionandSaleActof1980~ D.C.OfficialCode§423401.01etseq.;
(kK) Sections9aand9bofHistoricLandmarkandHistoricDistrictProtectionActof
1978,as amended — D.C. OfficialCode § 6-1101 etseq.;
(Age DiscriminationActof1975- 42U.S.C.§6101efseg.,including,butnot
limitedto,implementingregulationsat24CFRPart146;
(m)— AmericanswithDisabilitiesActof1990— 42U.S.C.§ 12101efseq.;
(n) Broadband Infrastructurein HUD-Funded New Construction& Substantial
Rehabilitation- 24CFR §891.
(0) CivilRightsActof1964-42U.S.C.§2000detseq.;
(p) ConflictofInterest—24CFR§570.611;
(q) _Davis-BaconandRelatedActs—40U.S.C.§3141efseg.and42U.S.C.§5310:
40U.S.C.§3701etseq.;29CFRParts1,3,and5;
LoanAgreement(RevisedJan,2023) 28

(i) __TheFederalstatutoryandregulatoryrequirementsoftheDavis-BaconAct(40U.S.C.§3141efseq.)andtheContractWorkHoursandSafetyStandardsAct(40U,S.C.§3701etseq.)shallsurvivethetermoftheLoan,TheDavis-BaconActrequiresthepaymentofprevailingwageratestoalllaborersandmechanicsonFederalgovernmentandDistrictofColumbiaconstructioncontractsinexcessof$2,000.TheDavis-BaconActlaborstandardsalsoapplytothe“RelatedActs,”underwhichconstructionprojectsareassistedthroughFederalfundedgrants,loans,loanguarantees,andinsurance.EachcontractsubjecttoDavis-Baconlaborstandardsrequirementsmustcontaininfullthelaborstandardsclausessetforthin29CER§5.5(a)relatingtominimumwages,apprenticesandtrainees,withholding,payrollsandbasicrecords,andliabilitiesandpenaltiesforviolations.‘ThemandatoryDavis-Baconcontractprovisions,theFederalLaborStandardsContractAddendum(HUDForm4010),areattachedheretoasExhibitD andincorporatThewagedeterminationapplicabletothisProjectisattachedheretoasEx!incorporatedherein.ThemandatoryDavis-BaconlaborprovisionssetforthinEx!andthewagedecisionsetforthinExhibitE mustbeincorporatedintheConstructionContractandeachsubcontractatanytier.

(a)_ Eachweeklypayrollstatementrequiredunder29CFR§3.3shallbedeliveredbythecontractororsubcontractor,withinseven(7)daysaftertheregular
paymentdateofthepayrollperiod,totheOfficeofProgramMonitoringatDistrictof ColumbiaDepartmentofHousingandCommunityDevelopment,1800MartinLuther King,Jr.,Ave., SE, Washington, DC 20020. (29 CFR § 3.4).

(b)_ Eachpayrollsubmittedshallbeaccompaniedbya“StatementofCompliance,”signedbythecontractororsubcontractororhisorheragentwhopaysorsupervisesthepaymentof thepersonsemployedunderthecontract.(29
CFR § 5.5(a)(3)(ii)(B)).Upon the requestof Lender, Borrower shallprovide or
shallcauseitscontractororsubcontractortoprovideforLender'sreview,anycontractorsubcontractuponwhichacertifiedpayrollisbased;

(1) EqualCreditOpportunityAct-15U.S.C.§1691etseq.;
(s) LeadSafeHousingRule(LeadBasedPaint)—24CFRPart35;
(®) GovernmentwideRequirementsforDrug-FreeWorkplace— 41 U.S.C.§701et
seq.,including,butnotlimitedto,Federalrulesandregulationsat24CFR Part2429;
(u) FairHousingActof1968—42U.S.C.§3601etseq.,including,butnotlimitedto,implementingregulationsat24CFRPart100;
(v) HatchAct~5U.S.C.Chapter15;
(w) NationalEnvironmentalPolicyActof1969~42U.S.C.§4331erseg.,including,butnotlimitedto,implementingregulationsat24CFRPart50or58,asapplicable;
(x) Nonprocurement,DebarmentandSuspension~2CFRPart2424;
(y) RestrictionsonLobbying~24CFRPart87;
LoanAgreement(RevisedJan.2023) 29
(2) Section3oftheHousingandUrbanDevelopmentActof1968-12U.S.C.§ 1701u
etseq.,including,butnotlimitedto,implementingregulationsat24CFRPart75.InaccordancewithLender'spolicyforHPTFloans,duringconstructionoftheProject,Borrowershallcomplywithandcauseitssuccessors,assigns,andagentstocomplywith24CFRPart75.TheSection3requirementappliestoassistancethatexceeds$200,000.00orwherethecontractorsubcontract
exceeds$1,000,000.00.BorrowershallorshallcauseitscontractorstoincludetheSection3ContractAddendumattachedheretoas ExhibitF andincorporatedhereininanycontractsorsubtractssubjecttheSection3requirements

(aa) Section106oftheNationalHistoricPreservationActof1966— 16U.S.C.§470erseq.,including,butnotlimitedto,implementingregulationsat36CFRPart800;

(bb)Section504ofRehabilitationActof1973-29U.S.C.§794etseq.,including,butnotlimitedto,implementingregulationsat24CFRPart8;
(cc) UniformAdministrativeRequirements,CostPrinciples,andAuditRequirements
forFederalAwards—2CFRPart200;
(4d)UniformRelocationAct-42U.S.C.Chapter61;and
(ce)ViolenceAgainstWomenAct(“WAWA")-42U.S.C.§§13701-14040,TitleVIoftheViolenceAgainstWomenReauthorizationActof2013,SafeHomesforVictimsofDomesticViolence,DatingViolence,SexualAssault,andStalking,expandedtheapplicabilityoftheActtotheLowIncomeHousingTaxCreditprogram.VAWA protectsbothchildandadultvictimsofdomesticviolence,datingviolence,sexualassault,andstalking.AllownersandmanagersshallcomplywiththerequirementsofthisActandshallusetheapplicableVAWAforms,including,butnotlimitedto,theHUD-5380NoticeofOccupancyRightsundertheViolenceAgainstWomenAct,HUD-5381ModelEmergencyTransferPlanforVictimsofDomesticViolence,DatingViolence,SexualAssault,orStalking,HUD-5382CertificationofDomesticViolence,DatingViolenceorStalking,andAlternateDocumentation,HUD-5383EmergencyTransferRequestforCertainVictimsofDomesticViolence,DatingViolence,SexualAssault,orStalkingandHUD-91067VAWA LeaseAddendum.
8.1,DutytoComplywithLenderComplianceCertifications.TheBorroweracknowledgesthatanymisrepresentationofinformationorfailuretocomplywithanyagreementcontainedinitscertificationstocomplywithfederalandDistrictlawsandregulationsgoverningfairhousing,equalopportunity,accessibilityandaffirmativemarketingrequirementsapplicabletotheProjectshallbedeemedanEventofnDefault.
Section9. ConflictOfInterest/Limitof Liability

9.1.1.— FederalandDistrictlawsstrictlyprohibitanypersonwhoexercisesorhasexercisedanyfunctionsorresponsibilitieswithrespecttoLender-assistedactivitiesorwhoisinapositiontoparticipateinadecisionmakingprocessorgaininsideinformationwithregardtosuchactivitiesfromobtainingafinancialinterestorbenefitfromaLender-assistedactivity,orhaveafinancialinterestinanycontract,subcontract,oragreementwithrespecttoaLender-assistedactivity.Further,asitrelatestotheprocurementofsupplies,equipment,constructionand
services,recipientsandsubrecipientsofloanfundsfromLenderareheldtotheconflictofinterest
LoanAgreement(RevisedJan,2023) 30
provisionsoftheProgramRequirements.Inadditiontothegeneralconflictofinterestprohibition,thesesectionsrequirethatfundrecipientsmaintainwrittenstandardsofconductgoverningtheperformanceofitsemployeesengagedintheawardandadministrationofcontractstoaddresstheprohibitionagainstanyrealorapparentconflictofinterest.BorrowershallsubmitacopyofitsconflictofinterestpoliciesandprocedurestoLenderwithinfifteen(15)daysoftheClosingDate.
9.1.2.Nomember,official,oremployeeofLendershallbepersonallyliabletoBorroweroranysuccessorininterestintheeventofanybreachofthisAgreementbyLenderorforanyamountwhichmaybecomeduetoBorroweroritssuccessorsorassignsonanyobligations
underthetermsofthisAgreement.
ination.Inaccordance with the D.C. Human RightsAct of
. .,(the“Human RightsAct”), theDistrict
ofColumbiaoesnot discriminateontebasisofactualoxperesived:race,colorreligion,nationaln,Sex,age,maritalstatus,personalappearance,sexualorientation,genderidentityorexpression,familialstatus,familyresponsibilities,matriculation,politicalaffiliation,genetic
information,disability,sourceofincome,statusasavictimofaninvafamilyoffense,placeofresidenceorbusiness,andstatusasavictimorfamilymemberofavictimofdomesticviolence,asexualoffense,orstalking,Sexualharassmentisa formofsexdiscrimination,whichisalsoprohibitedbytheHumanRightsActandisprohibitedbyMayor’sOrder2023-131(UpdatedSexualHarassmentPolicy,GuidanceandProcedures).Inaddition,harassmentbasedonanyofthe
aboveprotectedcategoriesisalsoprohibitedbytheHumanRightsAct.

Section11. Freedomof InformationAct.
11.1 The DistrictofColumbia Freedom of InformationAct of 1976,Pub. L. 90-614 D.C.
OfficialCode§§2-531-539(the“FOIA”)providesforthedisclosureofpublicinformation.Specifically,thelawprovidesthat“anypersonhasarighttoinspect,andathisorherdiscretion,tocopyanypublicrecordexceptasexpresslyexemptedbytheFOIA.Further,a“publicrecord”hasbeendefinedbytheDistrictofColumbiaPublicRecordsManagementActof1985as“anydocument,book,photographicimage,electronicdatarecordingpaper,soundrecording,orothermaterialregardlessofformorcharacteristic,madeorreceivedpursuanttolaworinconnectionwiththetransactionofpublicbusinessbyanyofficeroremployeeoftheDistrict.”D.C.OfficialCode § 2-1701(13) (2008).Borrower acknowledges thatLender issubjecttothe FOIA.

11.2 Informationor documentation submitted to Lender pursuant to thisLoan, or in
connectionwiththetransactionofthebusinessofLender,issubjecttopublicdisclosureinresponse to a FOIA request.Therefore,information that Borrower submits to Lender, ifnot
specificallyexemptedbyD.C.OfficialCode§2-534oftheFOIA,maybedisclosedtothepublicuponaproperrequest.
Section12, AntideficiencyActLimitations.Notwithstandinganyotherprovisionofthis
Agreementtothecontrary,anyandallprovisionswhich,may,couldorappeartoobligateLenderareandshallremainsubjecttothelimitationsoftheAntideficiencyAct,prescribedunder31U.S.C. §§ 1341, 1342, 1349 and 1351,as made applicabletothe Districtof Columbia under D.C.
OfficialCode§47-105;§§47-355.01—355.08,astheforegoingstatutesmaybeamendedfrom

LoanAgreement(RevisedJan,2023) 31
timetotime.Ifsuchprovision(s)shallbeinviolationoftheAntideficiencyAct,thatparticularprovision,asapplicabletoLender,shallbevoidabinitio.
Section13. Miscellaneous.
13.1. Reimbursement of Disbursements Made or Other Costs Incurred by Lender.
IfBorrowerfailstomakeanypaymentortoperformanyotherofitsobligationshereunder,Lender,afiernoticetoanddemandonBorrower,withoutwaivinganydefaultorreleasingBorrowerfromanyofitsobligationshereunder,andwithoutbeingunderanyobligationtodoso,maymakesuchpaymentorperformanyoftheparty’sobligations.AllamountssopaidbyLender,andallfeesandothercostsincurredbyLender,whetherinconnectionwithsuchpaymentorsuchperformanceorotherwiseinconnectionwithitsdutiesandresponsibilitiesunderthisAgreementandtheotherLoanDocuments,shallbeimmediatelydueandpayablebyBorrowerondemandtherefor,asadditionalpaymentshereunder,withinterestthereonasprovidedinSection13.2.Inaddition,notwithstandinganythinginthisAgreementtothecontrary,ifBorrowerdefaultsunderanytermofthisAgreement,andLenderemploysattorneysorincursotherexpensesforcollectionofamountsduehereunderorenforcementofperformanceorobservanceofanyobligationoragreementbyBorrowerherein,BorrowershallondemandthereforpaytoLenderallAttorneys’FeesandCosts.

13.2.InterestonAdditionalPavmentsandReimbursements,Withoutlimitinganyothertermsforthepaymentofinterest,additionalinterest,latecharges,premiumsorlikechargesundertheLoanDocuments,inanyinstanceinwhichanysumotherthanprincipal,premium(ifany),andinterestisduefromBorrowertoLenderasadirectpayment,reimbursementorotherwise,andnospecificprovisionismadeastothepaymentofinterestthereonortherateofinterestthereonisnototherwisespecified,thesumshallbearinterestfromthedateonwhichitbecomesdueuntilpaidinfullattheDefaultInterestRate(asdefinedintheNote).
13.3. Indemnificationof Lender.
13.3.1. Claims in Connection with the Project.Except where itisthe resultof
Lender’sgrossnegligenceorwillfulmisconduct,(a)Borrowershallprotect,indemnify,andsaveharmlessLender,itsemployees,agentsandrepresentativesagainstandfromallclaimsincurredby,orassertedorimposedagainst,anyofthem,andanylossorexpense(includingallAttorneys’FeesandCosts)inconnectiontherewith,duetoLender'sparticipationinthefinancingoftheProject,anyaccident,injury(includingdeath)ordamagetoanyPersonorproperty,howevercaused,resultingfrom,connectedwithorgrowingoutofanyactofcommissionoromissionofBorrower,oranyagents,assignees,contractorsorsubcontractorsofBorrower,oranyuse,nonuse,possession,occupation,condition,operation,service,design,construction,acquisition,maintenanceormanagementof,oron,orinconnectionwith,theProject,untilthisAgreementterminated,regardlessofwhethertheclaimsareagainstoraresustainedbyLender,itemployees,
itsagentsoritsrepresentatives;(b)LendershallnotbeliableforanydamageorinjuryoccurringduringtheLoantermtoPersonsorpropertyofBorroweroranyofitsagentsoranyotherPersonwhoorwhichisontheProperty,andBorrowerherebyreleasesLenderfrom,andagreesthatLendershallnotbeliablefor,andBorrower,jointlyandseverally,shallholdLenderharmlessfrom,anysuchliability;and(c)Borrower,jointlyandseverally,may,andifsorequestedbyLender,shallundertaketodefend,atitssoleexpense,allclaimsbroughtagainstLenderoranyof

LoanAgreement(RevisedJan.2023) 32
Lender’semployees,agentsorrepresentativesinconnectionwithanyofthemattersmentionedinthissubsection,providedthatLendergivesBorrowertimelyNoticeofandforwardstoBorrowereverydemand,notice,summonsorotherprocessreceivedconcerninganyclaimwithinthepurviewhereof.
13.3.2.ApprovalsofProject.No inspectionsorapprovalsoftheProjectbyLenderduringorafterconstructionshallconstituteawarrantyorrepresentationbyLenderorany
ofitsagentsastothetechnicalsufficiency,adequacyorsafetyofanystructureoranyofitscomponentparts,includinganyfixtures,equipmentorfurnishings,andsuchapprovalsorinspectionsshallnotconstitutesuchawarrantyorrepresentationastothesubsoilconditionsoranyotherphysicalconditionorfeaturepertainingtotheProject.Allacts,includinganyfailuretoact,relatingtotheProjectbyanyagent,representativeordesigneeofLenderareperformedsolelyforthebenefitofLendertoassurerepaymentoftheLoan,andarenotforthebenefitofBorroweroranyotherPerson.
13.4.Nonassignability.NeithertheLoannoranydisbursementthereundermaybeassignedbyBorrowerwithoutLender’spriorwrittenconsent,NeithertheLoannoranydisbursementsthereundershallbesubjecttotheprocessofanycourtonlegalactionbyoragainstBorroweroritsprincipals,officers,directorsorshareholdersorbyoragainstanyoneclaimingunderorthroughBorroweroritsprincipals,officers,directorsorshareholders.ForpurposesofthisAgreement,theLoanshallremaininthecustodyofLenderuntilBorrowercomplieswithallprovisionshereof,exceptthatnothinghereinshallbedeemedtomodify,affectorsubordinatetheobligationsheretoforegivenortobegivenbyBorrowerassecurityfortheLoan,allofwhichshallbeandremaininfullforceandeffect,thisAgreementbeingintendedonlyasadditionalsecurityandprotectionfortheLoanandtoassureitsuseforthepurposesintendedbyLender.

13.5.LiabilityofLender,AllconditionsoftheobligationsofLenderhereunder,
includinganyobligationtomakedisbursementsundertheLoan,areimposedsolelyand
exclusivelyforthebenefitofLenderanditssuccessorsandassigns,andnootherPersonshallhavestandingtorequiresatisfactionofsuchconditionsinaccordancewithitstermsorbeentitledtoassumethatLenderwillrefusetodisbursesumsundertheLoanintheabsenceofstrictcompliance
withanyandallthereof.No otherPersonshall,underanycircumstances,bedeemedtobeabeneficiaryofsuchconditions,anyandallofwhichmaybefreelywaivedinwholeorinpartby
Lenderatanytimeifinitsdiscretionitdeemsitdesirabletodoso.
13.6.NoPartnership,JointVenture.Agency.BorrowerandLenderacknowledgethat
therelationshipbetweenthemcreatedherebyandbytheotherLoanDocumentsisthatofdebtorandcreditorandisnotintendedtobeandshallnotinanywaybeconstruedtobethatofa
partnership,jointventure,orprincipalandagent.
13.7.WaiverofJuryTrial/ServiceofProcess/CourtCosts.BorrowerandLender
agreethatanylawsuitbetweenLenderandBorrowershallbedecidedbyajudge,withouta
jury.BorroweragreestopayallcourtcostsandAttorneys’FeesandCostsincurredbyLenderinconnectionwithsuccessfullyenforcinganyprovisionofthisAgreement.BorrowerherebyirrevocablydesignatesRegisteredAgent,asthetrueandlawfulattorneyofBorrowerforthepurposeofreceivingserviceofalllegalnoticesandprocessissuedbyanycourtintheDistrictofColumbiaaswellasserviceofallpleadingsandotherdocumentsrelatedtoanylegalproceeding
LoanAgreement(RevisedJan,2023) 33
oractionarisingoutofthisAgreement.Notwithstandingtheabove,BorrowershallhavetherighttochangeitsRegisteredAgent,inwhicheventBorrowershallgivewrittennoticetoLenderofanysuchchange,includingacurrentaddress.
13.8. No Third Party Beneficiaries.The terms and provisionsof this Agreement are for
thebenefitofthepartieshereto,andnootherpersonshallhaveanyrightorcauseofactiononaccounthereof.
13.9.Counterparts,ThisAgreementmaybesignedincounterparts,anyofwhichtogetherwithallexecutedsignaturepagesshallconstituteafullyexecutedandbindingagreement.
13.10.Notices.Allnotices,requestsanddemandsontherespectivepartieshereto(each,a“Notice”)shallbegiveninwriting,anddeemedtohavebeengiventhree(3)businessdaysafterhavingbeensenttoLenderorBorrower,asapplicable,atitsrespectiveaddresslistedbelow,byregularandcertifiedUSmail,orone(1)businessdayafterhavingbeendeliveredbycourierorovernightdeliveryservicetotheappropriatepartyattheaddresslistedbelowandwithreceiptfordeliveryorrefusalofdelivery.Copiesofnoticestotheentitieslistedbelowtoreceivecopiesshallbesentbyregularmailorelectronicmail.Anypartyorentitymaychangeitsaddresstoreceivenoticeorcopiesthereofbysendingawrittennoticeofthechangetoallotherpartiesorentitieslistedbelow.

IftoLender: D.C.DepartmentofHousingandCommunityDevelopment1909MartinLutherKingJr.Avenue,S.E.Washington,D.C.20020Attn:Director
withcopyto: D.C.DepartmentofHousingandCommunityDevelopment1909MartinLutherKingJr.Avenue,S.E.Washington,D.C.20020Attn:GeneralCounsel
Ifto Borrower: 2401 25th StreetLLC
c/oJusticeHousingInc.800 Main Street,Suite308
Belmar,NJ07719Attention: CarolNoland

withacopyto: WagnerPartnersLLCc/oMillerHousingLLC8120WoodmontAve.Bethesda,MD 20814Attention:RobertMiller
withcopyto: KleinHornigLLP1325 G StreetNW, Suite770
LoanAgreement(RevisedJan,2023) 34
Washington,DC 20005
Attn:AaronO’Toole
Phone:(202)926-3404
Email:aotoole@kleinhornig.com

13.11.Amendment.ThisAgreementmaybeamended,andBorrowermaytakeanyactionhereinprohibited,oromittoperformanyactrequiredtobeperformedbyBorrower,onlyifBorrowerobtainsLender'spriorwrittenconsenttosuchamendment,actionoromissiontoact.

13.12. Survival _of Agreements. All agreements, covenants, representationsand
warrantiesofBorrowermadeinthisAgreementshallsurvivetheexecutionanddeliveryofthisAgreement and the other Loan Documents, and the making of alldisbursements hereunder,
regardlessofanyinvestigationmadebyoronbehalfofLender.
13.13.EntireAgreement;SuccessorsandAssigns:Timeof Essence.ThisAgreement
andtheotherLoanDocumentscontaintheentiretermsoftheagreementwithrespecttotheLoan,
andnorepresentations,inducements,promisesoragreementsbetweenBorrowerandLendernotsetforthhereinorintheotherLoanDocumentsshallbeofanyforceoreffect.ThisAgreement
shallbebindingonandshallinuretothebenefitofBorrower,jointlyandseverally,andLenderandtheirrespectivesuccessorsandLender'sassigns,whethersoexpressedornot.TimeisoftheessenceunderthisAgreement.

13.14. Severability.If any one or more terms of thisAgreement or the other Loan
Documentsaredeemedtobeinvalid,illegalorunenforceableinanyrespect,thevalidity,legalityandenforceabilityoftheremainingtermshereinorthereinshallnotbeaffectedorimpairedthereby,and shallbe enforceableto the maximum extentpermittedby law.

13.15.DescriptiveCaptions:Headings,Thecaptionsandheadingsofthesections,
subsectionsandparagraphsofthisAgreementarefortheconvenienceofreferenceonly,andarenotconsideredtobe a parthereofand shallnotlimitorotherwiseaffectanyofthe termshereof.
13.16. Constructi As used herein,allreferencesmade (i)in the neuter,masculine or
femininegendershallbedeemedtohavebeenmadeinallsuchgenders,(ii)inthesingularorpluralnumbershallbedeemedtohavebeenmade,respectively.inthepluralorsingularnumberaswell,and(iii)toanysection,subsection,paragraphorsubparagraphshallbedeemed,unlessotherwiseexpresslyindicated,tohavebeenmade tosuchsection,subsection,paragraphor
subparagraphofthisAgreement.

13.17. Governing Law. The lawof the Districtof Columbia (ignoringitsconflictsof laws
principles)shallgoverntheinterpretation,performanceandenforcementofthisAgreement.Allcitationstolegislationhereinshallmeanforsuchlegislationasofthedatehereof,andasmaybeamendedfromtimetotimeinthefuture.
13.18. Conflict with Program Requirements. In the eventof a conflictbetween this
AgreementandtheProgramRequirements,theProgramRequirementsshallcontrol.
[Remainderofpageintentionallyleftblank]
LoanAgreement(RevisedJan.2023) 35
IN WITNESS WHEREOF, Borrower and Lender have caused thisAgreement to be
executedand deliveredasof thedatefirstabove written.
LENDER:
DISTRICT OF COLUMBIA, a municipal
corporation,actingbyandthroughtheDEPARTMENT OF HOUSING AND
COMMUNITYDEVELOPMENT
By: ColleenGreen
Director
ApprovedastoLegalSufficiency:

AssistantGeneralCounsel

[Signaturescontinueonfollowingpage]
LoanAgreement(RevisedJan,2023) 36
BORROWER:
2401 25TH STREET LLC,
aDistrictofColumbialimitedliabilitycompany
By: 25th StrectPartnersLLC,
4DistrictofColumbialimitedliabilitycompany,itsmanagingmember
By: JHEWagnerLLC,
aDistrictofColumbialimitedliabilitycompany,itsmanagingmember
By: JusticeHousingInc.,
anOhionon-profitcorporation,itssolemember
By: GName:CarolNofan:
Title:President
LoanAgreement(RevisedJan.2023)

EXHIBIT A
SUMMARY OF LOAN TERMS
[Attached]
A-l
SUMMARY OF LOAN TERMS AND PROJECT DETAILS

ProjectName: ‘WagnerSeniorResidences
BorrowerName: 240125thStreetLLC
ProjectAddress: 240125thStreetSE
DHCDProjectManager:_| LisaWilliams
FundingRoun:
LastUpdated: February4,2025
i Ja SGRunde eseindowGapFundingAmount ‘Amountnottoexceed$18,939,570
TaxCreditAllocation:|[N/A]9%LIHTC
Loanor9% LIHTC IncreasefromApplication:[N/A]IncreaseApproved: PercentageIncreasefromApplication:(N/A)
FundingSource(s): |X HousingProductionTrustFund(HPTF)
_—HOMEInvestmentPartnershipsProgram(HOME)
— CommunityDevelopmentBlockGrantProgram(CDBG)NationalHousingTrustFund(NHTF)
—_DepartmentofBehavioralHealth(DBH)
__CDBG-Section108LoanGuaranteeProgram
_Other
ProductType: XLoanrepayablefromNetCashFlow_Grant
EligiblePurposeandUses:| X Acquisition(includingrefinancinganacquisitionloan)X_SoftCostsincludingPredevelopmentandFinancingCosts
X_NewConstruction-HardCosts
— Rehabilitation-HardCostsXCashCollateralizationofTax-ExemptBonds—CriticalRepairs(onlyselectifacquisitionfinancingonly)OtherHPTFo federally-cligiblecostsasdefinedintheDevelopmentProjectBudget(Form202)[Specify]
‘+FundsmaybeusedtoreimbursepredevelopmentandacquisitioncostsatDFD'sdiscretion,regardlessofwhenthecostswereincurred,+ EligibleusesmustbeidentifiedandapprovedintheForm202.+_DrawschedulewillbeestablishedpriortotheClosingDate.
LoanTerm: 43yearsfromtheClosingDate
InterestRate: |3% simpleinterest
|AccrualstartsontheClosingDateonamountsdrawndown

Construction/StabilizationPeri

plus10monthsforstabilization,includinglease-up

RetainageAmount: ‘$2,559,304(Thelesseroftenpercent(10%)oftheconstruction
contractortenpercent(10%)oftheLoanamount)
RepaymentStart: ‘CommencesonJuneIofcalendaryearaftertheprojectedPlacedin-Servicedate(orcomparabledocumentationisprojectedtobereceived),subjecttoNetCashFlowwaterfallinDeedofTrustNote
‘RepaymentSource: ‘TheLoanistobe repaidfromNetCashFlowandproceedsresultingfromanyCapitalTransaction,assetforthintheLoanDocumentsandBorrower's|organizationaldocuments.
Recourse:
CollateralPosition:
Non-recourse
‘SecondprioritydeedoftrustonthePropertyandProject,includingallofBorrower'sright,titleandinterestintheland,improvements,rentsandleases,fixtures,personaltyandallcollaterallocatedonorusedinconnectionwiththeProject.
‘Tax-ExemptTaxableBonds/StateandFederalLIHTC:
X4%LowIncomeHousingTaxCredits(LIHTC)—Amount$17,297,864‘9%LowIncomeHousingTaxCredits(LIHTC)—Amount:— StateLowIncomeHousingTaxCredits(DCLIHTC)~Amount:$3,552,636Short-termBonds~EstimatedAmount:$22,036,183‘Long-termBonds—EstimatedAmount:$None
OtherSubsidiesAwardedThroughRFP: X LocalRentSupplementProgram(LRSP)—AnnualContributionsContract(ACC)(PublicHousingOperatingSubsidy)XDepartmentofHumanServices(DHS)PermanentSupportiveHousing(PSH)CaseManagementSupportiveServicesOther:(Specify

|OtherNon-RFPorExistingSubsidies: ‘Section8Project-BasedSubsidy(ce.,PBVorPBRAHAPcontract)RentalAssistanceDemonstration(RAD)conversionortransferofassistance‘AnnualContributionsContract(ACC)(PublicHousingOperatingSubsidy)DepartmentofBehavioralHealthoperatingsubsidyXNonprofitAffordableHousingDeveloperTaxReliefOther:(Specify)

DistrictLan ___PADD ___ DMPED
TheeProjectDescription/ApplicationCommitments!225.

XProduction__Preservation__PreservationandProductionXNetNewUnitsTotaling67XRental_ Homeownership_ LimitedEquityCooperative

TotalUnitsinProject: 67units —
TotalAffordableUnitsin 67
Project:
LIHTCSet-AsideElection:
40%ofUnitsat60%MFI_ 20%ofunitsat50%MFI

X AverageIncome(SeeAverageMFIinTable2)

‘AffordabilityPeriodRestriction:

Leverage:
HPTF:
XPerpetual_99 years_62 years__$2,years__42years
* CommencesontheClosingDate«The AffordabilityPeriodshallbeautomaticallyextended,ifnecessary,toensurethatitwillnotbelessthanforty(40)years(ortheabovecommittedaffordabilityperiod)fromthePlacedIn-ServiceDate

LInTC:
X Perpetual__99years_ 60years_$0years
40years(minimumrequirementstarting2021)_ 30years
© Commenceswiththefirstyearofthetaxcreditperiod

FederalFunds:
N/AyearsfromtheClosingDate
UseofGroundLeaseStructure:N/Ayears
|$818,097MinimumDeferredDeveloperFeeCommitment
$SponsorLoan/OtherOwnerSubsidyCommitmentSIA, Other:(Specify)43.08% DHCDParticipation(Overallleverage)$341,548perunitLNV/A_]% SubsidyLeverage(eligiblenon-RFPsources)

UnitAffordabilityMixandApplicableProgram(s): Seetablebelow

IncomeLevelsServed: [40]%WeightedAverageMFIServed
‘Mixed-Income:
Inclusionof20%+MarketRateUnits:__ YesXNo
Minimumof10%ofunitsintreeofthefollowingincomecategories:_YesXNo
+ Opercentto30percentMFI:|_]%31percentto50percentMFI:[_]%51percentto80percentMFI:[_]%
Market-rate(unrestricted,unsubsidized):[_]%

PermanentSupportiveHousing(PSH): X20%_10% _5% 13PSHunits

__ScatteredSite_ LimitedSite-Based__Site-Based
OfficeSpaceRequired?XY__NSecurityPlanRequired?XY _N
Family-OrientedUnits: 4.4%2+BedroomunitsN/A3+Bedroomunits
ProgramstoAddressAdditionalBarrierstoHousing:
|HousingforSeniorsandPeoplewithDisabilities:

‘Returningcitizens__Houscholdsofunknownimmigrationstatus__Residentswithdevelopmentalorintellectualdisabilities
—Residentswithdiverselanguageneeds_ YouthagingoutoffostercareHousingforPersonsWithAIDS
AssistedLivingthataccommodateseniorsandpeoplewithdisabilitiesIndependentLivingthataccommodateseniorsandpeoplewithdisabilitiesX Agerestrictedhousing55+Provisionoftwicethenumberofaccessibleandaudio/visualunitsasrequiredbySectionS04

ProvisionofWealth-

Immediatehomeownershipopportunities——DesignationasDBE,ROB,orledorcontrolledbyindividualsdesignated&ssociallydisadvantagedperSBA___Structuredtotransfertotenantownershipaftertheinitial15-yearcomplianceperiod

|VacanciesfilledfromSeetion| __Yes,X No
8andPublicHousingWaitingList: _
QualifiedNon-Profit |X Yes No
MajorityOwnerwith |N/Afornon-LIHTCprojectsROFR: f
Righttosecka Qualified|XYes(Noisnotanoption)Contractwaived: | Naafornon-LIHTCprojects
GreenDesignandBuildingThresholdRequirements|MinimumGreenBuildingCertificationRequired:
__ 2020EnterpriseGreenCommunitiesCriteria(EGC)(rehabilitationprojectsofanysizeandnewconstructionbuildingslessthan$0,000sf)X 2020EnterpriseGreenCommunitiesCriteriaPlus(EGC+)(newconstructionbuildingswithatleast$0,000sf)Level1AcceleratedSavingsRecognitionAlternativeCompliancePathway(ACP)OptionforcompliancewithDOEE’sBEPS(rehabilitationprojectsof atleast$0,000sfifnotwaivedbyDOEEduetocurrentcompliance)
Other(withDHCDapproval):Specifi

SolarReady:Yes(Noisnotanoption)SolarIncluded:X Yes__No

ResilientBuildingsandInnovativeDesign:
AdvancedCertification(s)orInnovativeDesignFeaturesPursued:
2020EnterpriseGreenCommunitiesCriterion5.4AchievingZero
Energy

"___2020EnterpriseGreenCommunitiesPlus(EGCPlus)(rehabilitationprojectsofanysizeandnewconstructionbuildingslessthan$0,000sf)
___TRUEZeroWasteCertification
___WholeBuildingLife-CycleAssessment(LCA)SupportedLow-_EmbodiedCarbonDesignEnterpriseGreenCommunitiesCriterion5.10ResilientEnergySystems:CriticalLoads
___Mass-TimberConstruction;and/orModularConstructionBuildingElectrification(noon-sitecombustion)
17-inchstormwaterretention
___UniversalDesignStandard

ResidentServicesand‘Community-OrientedAmenities:

X PerResidentServicesPlanBudgetSource(checkallthatapply):___DeveloperFee_x_Fundraising__OperatingBudget__ OtherServicesOffered(checkallthatapply):ing& EducationalProgramt

1B—AcademicandEconomic

—— Training& EducationalProgramming—Environment,HealthandWellness—— ResidentInvolvementandOrganizationalCapacity-BuildingOnsiteDaycareServicesCommunityAmenities(checkallthatapply):__ HighSpeedInternet(atleast5yearsatnocharge;entirebuilding)PlaygroundJaycare/PreschoolXCommunity/Mult-purposeRoomXFitnessCenter____OnsiteGrocer/FarmersMarkeFoodProvision/GardenHealthFacilityOnsite

WorkforceDevelopmentCBEParticipation:‘and| ___Alocalapprenticeshipprogramexecedingminimumapprenticeshiphours‘workedbyDCresidentsby10%ormoreExceedingtheDistrictsFirstSourceHiringrequirementby10%ormore— CertifiedBusinessEnterprise(CBE)participationof50%ormore

OtherProjectFeatures: —_CommercialSpace(s):_SFXResident/CommunityAmenitySpaces:ApproximatelyXParkingSpaces5,4standard,1carshare[Describe]UtilizationofCondoorTaxLotRegimeforIncligibleUsesAdditionalExplanatio

Development/TeamMemb

Developer/SponsorI:MillerHousingLLC/Sponsor2JusticeHousingIne.

GeneralPartneriManaging|Non-ProfitMember(1%)

Member: For-ProfitMember(49%):
‘GeneralContractor: | MillersfeCulloughConstructionLUC
Architect: |TortiGallasUrban,Ine
‘ManagementAgent: [QuantumRealEstateManagement,LLC
DevelopmentConsultant:|EauityPlus
‘ConstructionManager: |
‘SupportiveServices JaydotLLC |
Provider(PSH):
ResidentServicesProvider| JaydotLLC_
(Property-wide):
Other: Tf
EAL oR =

‘StandardConditions:

1.Compliancewithallapplicableregulationsandrequirements,includingbutnotlimitedtoOPM clearance,Councilapproval,andstandardDHCDduediligenceitems.
LoanRight-sizing.TheLoanisanot-to-exceedamountintendedtoprovidetheminimumgapfinancingneededtocompletetheProjectafter
ing,ddebt,equity,incomeandgrants,andanyProjectbudgetsavingsduetounspentcontingencyfundsorothercostsavings.TheLoanwillberight-sizedpriortotheClosingDateandaftertheClosingDateasfollows:

A.PriortotheClosingDate:
i, __Anyincreaseinnon-LendersourcesbetweenthedateofLender'sLoanReviewCommitteeapprovalandtheClosingDatewilldecreasetheLoanonadollar($1.00)fordollar($1.00)basis.An‘exceptionmaybemadeforadditionalnon-Lendersourcesraisedtofundunanticipatedcostincreasesordecreasesinothersourcesavailable
fortheProject.
ii, AnydecreaseinProjectusesbetweenthedateofLender'sLoanReviewCommitteeapprovalandtheClosingDatewilldecreasetheLoanonadollar($1.00)fordollar($1.00)basis.AnexceptionmaybbemadefordecreasesinProjectusesmadetooffsetunanticipatedcostincreasesordecreasesinnon-LendersourcesavailablefortheProject.

Borrowermustpursueallavailablesolar/greenbuildingfundsavailableintheDistrictofColumbiapriortotheClosingDate.IfBorrowersecuresoneormoresourcesofsolar/greenbuildingfunding,theLoanamountwillbereducedbythenetproceedstotheProject(fundingminusrelatedcosts)fromthesesources.IfBorrowerisunabletosecureoneormoresourcesofsolar/greenbuildingfunding,BorrowermustprovideaffirmativeevidencethattheProjectisnotamatchforavailablefunds.
iv. AsrequestedbyLender,Borrowermustprovideexecuted‘contractsorotherdocumentationacceptabletoLendertosubstantiatesoftcostbudgetlineitemsandtoright-sizetheLoanamountin‘accordancewiththeserequirements.

B.AftertheClosingDate:
i, Anytemporaryusesoffunds,ifapplicable,shallberetumedtoLendertodecreasetheLoanonadollar($1.00)fordollar($1.00)basiincludingfundingforanyrefundeddepositsorfinancingfeesintiallyrequiredbyDistrictagencies,lenders,orotherparties.

fi, _LenderwillreducetheLoanonfiftycents($0.50)foreverydollar($1.00)basisforanyothernetreductioninthetotalcostsshownintheProjectBudgetduetounspentcontingencyfunds,remainingfundsinapplicableshort-termreserves,orotherbudgetsavings,unless

thecostsavingsareutilizedtocoveranunantiProjectsources. Z ipateddecreaseinother
LenderwillreducetheLoanonafiflycents($0.50)foreverydollar($1.00)basisforanyincreaseinfundingthatiscommittedtotheProjectaftertheClosingDateoverandabovethefundingsourcesinthefinalProjectBudget,includinganyadditionalseniorloanproceeds,unlesstheincreaseinfundingisobtainedfromanon-LendersourcetocoveranunanticipatedinereaseinProjectcostsoradecreaseinotherProjectsources.

Reserves,TheBorrower'sorganizationaldocumentsmustcontainthefollowinglanguage:Intheeventthereplacementoroperatingreserve,ifapplicable,arenotusedforitsintendedpurpose,anyfundsremaininginsuchreservesattheendofthetaxcreditcomplianceperiodoruponthesaleoftheproperty,whicheverisearlier,mustremainwiththeProject,butmaybbeusedtoreduceanyoutstandingdebtontheProjectwithLender'sconsent.

RepaymentRelatedRequirements.
‘A.NetCashFlowWaterfall.ForthedistributionofNetCashFlow,Lender’sminimumstandardwaterfallisasfollows:
i. Investor'sassetmanagementfee,whichissubjecttoLender'slimit;describedinsubparagraphS(5)below(the“FeeLimit").
Otheramountsowedtoinvestor(taxliability,adjusters).
fii,_ Replenishmentofoperatinganddebtservicereserves,includinganyadvances,onlyifrequiredbyseniorlenderand/orinvestor.
iv. Partnership/Companymanagementfee,whichissubjecttotheFeeLimit.
v. Untilthedeferreddeveloperfeeispaidinfull,90%topaythedeferreddeveloperfeeand10%topaytheLoan;and
‘Afterthedeferreddeveloperfeeispaidinfull,75%topaythe

Ifapplicable,anydeferredpropertymanagementfee(ifagentisanaffiliateofBorrower),sponsor/managingmemberloans,accruedpartnership/companymanagementfees,accruedinterestondeferreddeveloperfee,ofotherliabilitiesmayberepaidfromNetCashFlowaftertheprioritieslistedabove.
B.FeeLimit.Theinitial,aggregateamountoftheFederalLIHTCinvestor'sassetmanagementfeeandthePartnership/Company‘managementfeecannotexceedthelesserof$15,000or$200perunitperannum,Eachfeecanincreaseby3%annually,subjecttoinvestorapproval.
C.NetCapitalProceedsWaterfall.ForthedistributionofnetproceedsresultingfromanyCapitalTransaction,Lenderrequiresthatthefirst

priorityinthewaterfallbepaymentofanydebisowedbyBorrowerinorderoflienpriority/recordingorder,exceptthoseduetothepartners/membersofBorrowerand/ortheiraffiliates.
SpecialConditions:
Cpeay

TheprojectmustcomplywithANCNotice(30days)orhaveavalidwaiver.
SSE oa DellningnaaNE Og OTN REE TOTOE]

CapitalContribution:‘Theamountofmoneyorthefairmarketvalueofotherpropertycontributed10theBorrowerbyitsmembers/partnersinaccordancewiththeBorrower'sorganizationaldocuments.

CapitalExpenditures:CustomaryandreasonablecostsandexpensesincurredbyBorrowerinconnectionwithcertainmajorrepairs,replacementsandimprovementsoftheProjectwhicharenormallycapitalizedundergenerallyacceptedaccountingprinciples,including,butnotlimitedto,theperformanceofworktotheroofs,chimneys,gutters,downspouts,paving,curbs,ramps,driveways,balconies,porches,patios,exteriorwalls,exteriordoorsanddoorways,windows,elevators,interiorwalls,appliances,carpeting,painting,vinylflooring,plumbing,plumbingfixtures,countertops,cabinets,waterheaters,electricalsystems,electricalfixtures,clubhouserepairs,pool,spa,landscaping,fences,gates,parkingareas,carports,garages,sidewalks,lightfixtures,shingles,woods,bricks,stucco,securitysystems,smokedetectors,stairs,boilers,Iaundryroom,windowtreatments,bathvanities,bathtubsandmechanicalandHVAC‘equipment.

CapitalTransaction: ‘AnytransactionoutoftheordinarycourseofBorrower'sbusinessthatiscapitalinnature,includingwithoutlimitation,thedisposition,whetherbysale(exceptwhensuchsaleproceedsaretobeusedpursuanttoaplanorbudgetapprovedbyallofBorrower'smembers/partners),casualty(wheretheproceedsarenottobbeusedforreconstruction),condemnation,refinancingorsimilareventofanypartoralloftheProj

Dateofinitialfinancialclosing.
|NetCashFlows
OperatingExpenses:
OperatingRevenueless(a)OperatingExpenses(includingrequiredreserveamounts),(b)must-paydebtservice,(c)paymentsforCapitalExpendituresthatexceedapplicablereservesorothersources,asapprovedbyLender.“OperatingExpenses”shallmeanwithrespecttoeachfisealyearorportionthereof,thesumofthefollowingcashexpendituresandallexpensesunpaid,butproperlyaccrued,thatareincurredincidenttotheoperationoftheProjectbyBorrowerduringsuchperiod:operatingcostsincurredbyBorrowerforthemanagement,operation,cleaning,leasing,marketing,andmaintenanceoftheProject,includingwithoutlimitationwages,payrollandaccountingcasts,utilities,maintenancecostsotherthanCapitalExpenditures,licensefeesandbusinesstaxes,thepropertymanagementfee,excepttotheextentsuchfeeisdeferredandpaidfromavailableNetCashFlow,applicationfees,compliancemonitoringfees,andanydelinquentrentthatiswritenoff;;reasonablemonthlyreservesforallrealestatetaxesandassessmentsimposedupontheProjectandrequiredtobepaidbyBorrower,butonlytotheextentsuchtaxesandassessmentsarepaidorsetasideasareservebyBorrowerduringsuchfiscal‘year;reasonablemonthlyreservesforinsurancepremiums;andrequired‘depositsintothereplacementreserveandotherrescrvesorescrowaccounts,

‘Theterm“OperatingExpenses"shallnotincludeanyofthefollowing:

‘depreciation,amortization,depletionorothernon-cashexpenses;must-paydebtservice;allcosts,liabilitiesandexpensesassociatedwithacquiring,constructing/rehabilitating,developingoroperatingtheProject,including,but‘otlimitedto,thosecostsreflectedintheForm202andincludingpaymentofthedeveloperfee(netofanydeferreddeveloperfee),whichhavebeenincurred10(i)acquiretheProject,(ii)achievethePlacedinServiceDate,(iii)remedyanydefectsintheconstructionoftheProjectand/oranyvarianceinconstructionfromthePlansandSpecificationsthatisdiscoveredwithinone(1)yearafterinitialoccupancyofallofthehousingunitsorshouldhavebeendiscoveredwithinsuchtimeperiodandis discoverednotlaterthanthree(3)yearsafterinitialoccupancyofallofthehousingunit,(iv)allOperating,Expensesandmust-paydebtserviceattributabletotheperiodpriortothePermanentLoanClosingDate,(v)theinitialfundingofanyrequiredreservesandescrowsintheamountsapprovedbyLenderasoftheClosingDate,and(vi)achieveconversiontopermanentfinancing;andanyotherfeesorpayments‘contingentonavailableNetCashFlow.

OperatingRevenue:
PlacedinServiceDate:

Alllactualcollectedrevenuereceivedfromrents,leasepayments,andallothersources(includinganyreleaseoffundsfromreservesorescrows),butexcludingtenantsecurityorotherdeposits(excepttotheextentforfeitedtoBorrower);CapitalContributionsandinterestthereon;proceedsfromCapitalTransactions;interestearnedonreservesnotavailablefordistribution;andnetproceedsofanyinsurance(includingrentallossorinterruptioninsurance),otherthanfireandextendedcoverageandtitleinsurance,totheextentnotusedforrebuildingoftheProject.‘ThedatethattheProjectreceivesacertificateofoccupancyfromtheDistrictofColumbiagovernmentcertifyingthatthedevelopmentoftheProjectiscomplete,andtheProjectcanbeoccupiedbytenants.IntheeventthattheProjectdoesnotneedacertificateofoccupancytobeoccupiedbytenants,thenthePlacedinServiceDateshallbethedateofsubstantialcompletionoftheProjectascertifiedbytheProjectarc

10

EXHIBIT B
PROJECT BUDGET
[Attached]
PERMANENTSOURCESOFFUNDSaed
[rarceotFonactamaer

cnt Fag DT

JanPctType Ta ae a EU RewicnsvIcnorLenderNxDSC. TIE]| SemnaaratnperpscasniaUnotnctedLTVtxAnnualDebtSeracePAT SCRE] |SetolenisdoccionSavelaiexRte[enorLendertaTV ‘Pal|Forsytensmgreact»GrossSeadfsmorLoanAmortization(Yeu) ||tenonbodsconferwithSenarAlloRateenorLoanTemVex), 30]|DCHFA AmatDebtSoice S[ArpensedValue(AssRei) roo ‘AmonDSCRVr[AppaValueAsteUnessied Sos60 ‘SenorLaanAment(DOT

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EXHIBITC
CONSTRUCTION DRAW SCHEDULE
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EXHIBIT D
FEDERAL LABOR STANDARDS CONTRACT ADDENDUM
[Attached]
D-1
HUD-4010 U.S.DepartmentofHousingandUrbanDevelopmentFederalLaborStandardsProvisions OfficeofDavis-BaconandLaborStandards

A. ‘APPLICABILITY
TheProjectorProgramtowhichtheconstructionworkcoveredbythisContractpertainsisbeingassistedbytheUnitedStatesofAmerica,andthefollowingFederalLaborStandardsProvisionsareincludedinthisContractpursuanttotheprovisionsapplicabletosuchFederalassistance.MinimumwagesandfringebenefitsAlllaborersandmechanicsemployedorworkinguponthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute),willbepaidunconditionallyandnotlessoftenthanonceaweek,andwithoutsubsequentdeductionorrebate‘onanyaccount(exceptsuchpayrolldeductionsasarepermittedbyregulationsissuedbytheSecretaryofLaborundertheCopelandAct(29CFRpart3)),thefullamountofbasichourlywagesandbonafidefringebenefits(orcashequivalentsthereof)dueattimeofpaymentcomputedatratesnotlessthanthosecontainedinthewagedeterminationoftheSecretaryofLaborwhichisattachedheretoandmadeaparthereof,regardlessofanycontractualrelationshipwhichmaybeallegedtoexistbetweenthecontractorandsuchlaborersandmechanics.Asprovidedin29CFR5.5(¢)and(e},theappropriatewagedeterminationsareeffectivebyoperationoflaweveniftheyhavenotbeenattachedtothecontract.ContributionsmadeorcostsreasonablyanticipatedforbonafidefringebenefitsundertheDavis-BaconAct(40U.S.C.3141(2)(8))onbehalfoflaborersormechanicsareconsideredwagespaidtosuchlaborersormechanics,subjecttotheprovisionsofparagraph(a)(1)(v)ofthesecontractclauses;also,regularcontributionsmadeorcostsincurredformorethanaweeklyperiod(butnotlessoftenthanquarterly)underplans,funds,orprogramswhichcovertheparticularweeklyperiod,aredeemedtobeconstructivelymadeorincurredduringsuchweeklyperiod.Suchlaborersandmechanicsmustbepaidtheappropriatewagerateandfringebenefitsonthewagedeterminationfortheclassification(s)ofworkactuallyperformed,withoutregardtoskill,exceptasprovidedin29CFR5.5(a)(4).Laborersormechanicsperformingworkinmorethanoneclassificationmaybecompensatedattheratespecifiedforeachclassificationforthetimeactuallyworkedtherein:Provided,Thattheemployer'spayrollrecordsaccuratelysetforththetimespentineachclassificationinwhichworkisperformed.Thewagedetermination(includinganyadditionalclassificationsandwageratesconformedunder29CFR5.S(a)(1)(ii))andtheDavis-Baconposter(WH-1321)mustbepostedatalltimesbythecontractoranditssubcontractorsatthesiteof‘theworkinaprominentandaccessibleplacewhereitcanbeeasilyseenbytheworkers.i, Frequentlyrecurringclassifications‘A.Inadditiontowageandfringebenefitratesthathavebeendeterminedtobeprevailingundertheproceduressetforthin29CFRpart1,awagedeterminationmaycontain,pursuantto§1.3(f),wageandfringebenefitratesforclassificationsoflaborersandmechanicsforwhichconformancerequestsareregularlysubmittedpursuantto29CFR5.5(a)(2)(ii),providedthat:1.Theworkperformedbytheclassificationisnotperformedbyaclassificationinthewagedeterminationforwhichaprevailingwageratehasbeendetermined;2.Theclassificationisusedintheareabytheconstructionindustry;and3,Thewageratefortheclassificationbearsareasonablerelationshiptotheprevailingwageratescontainedinthewagedetermination.B.TheAdministratorwillestablishwageratesforsuchclassificationsinaccordancewith29CFR'5.5(a)(1)(ii(A)(3).Workperformedinsuchaclassificationmustbepaidatnolessthanthewageandfringebenefitratelistedonthewagedeterminationforsuchclassification.tii,Conformance
‘A.Thecontractingofficermustrequirethatanyclassoflaborersormechanics,includinghelpers,whichisnotlistedinthewagedeterminationandwhichistobeemployedunderthecontractbe

Previouseditionsobsolete 1 FormHUD-4010,(10/2023)
ref.Handbook1344.1
classifiedinconformancewiththewagedetermination.Conformanceofanadditionalclassification‘andwagerateandfringebenefitsisappropriateonlywhenthefollowingcriteriahavebeenmet:1,Theworktobeperformedbytheclassificationrequestedisnotperformedbyaclassificationin
thewagedetermination;and
2,Theclassificationisusedintheareabytheconstructionindustry;and3.Theproposedwagerate,includinganybonafidefringebenefits,bearsareasonablerelationshiptothewageratescontainedinthewagedetermination.
B.Theconformanceprocessmaynotbeusedtosplit,subdivide,orotherwiseavoidapplicationofclassificationslistedinthewagedetermination.
. Ifthecontractorandthelaborersandmechanicstobeemployedintheclassification(ifknown),ortheirrepresentatives,andthecontractingofficeragreeontheclassificationandwagerate
(includingtheamountdesignatedforfringebenefitswhereappropriate),areportoftheactiontakenwillbesentbythecontractingofficerbyemailtoDBAconformance@dol.gov.The
Administrator,oranauthorizedrepresentative,willapprove,modify,ordisapproveeveryadditionalclassificationactionwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.
D.Intheeventthecontractor,thelaborersormechanicstobeemployedintheclassitheirrepresentatives,andthecontractingofficerdonotagreeontheproposedclassification‘andwagerate(includingtheamountdesignatedforfringebenefits,whereappropriate),the
contractingofficerwill,byemailtoDBAconformance@dol.gov,referthequestions,includingtheviewsofallinterestedpartiesandtherecommendationofthecontractingofficer,tothe
Administratorfordetermination.TheAdministrator,oranauthorizedrepresentative,wiladeterminationwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotify‘thecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.
E.ThecontractingofficermustpromptlynotifythecontractoroftheactiontakenbytheWageandHourDivisionunder29CFR5.5(a)(1){ii)(C)and(0).Thecontractormustfurnishawrittencopyofsuchdeterminationtoeachaffectedworkeroritmustbepostedasapartofthewage
determination.Thewagerate(includingfringebenefitswhereappropriate)determinedpursuantto29CFR5.5(a)(1)(i)(C)or(D)mustbepaidtoallworkersperformingwork
classificationunderthiscontractfromthefirstdayonwhichworkisperformedintheclassification.iv.Fringebenefitsnotexpressedasanhourlyrate
‘Whenevertheminimumwagerateprescribedinthecontractforaclassoflaborersormechanicsincludesafringebenefitwhichisnotexpressedasanhourlyrate,thecontractormayeitherpaythe
benefitasstatedinthewagedeterminationormaypayanotherbonafidefringebenefitoranhourlycashequivalentthereof.v. Unfundedplans
Ifthecontractordoesnotmakepaymentstoatrusteeorotherthirdperson,thecontractormayconsideraspartofthewagesofanylaborerormechanictheamountofanycostsreasonablyanticipatedinprovidingbonafidefringebenefitsunderaplanorprogram,Provided,Thatthe
SecretaryofLaborhasfound,uponthewrittenrequestofthecontractor,inaccordancewiththecriteriasetforthin29CFR5.28,thattheapplicablestandardsoftheDavis-BaconActhavebeenmet.
‘TheSecretaryofLabormayrequirethecontractortosetasideinaseparateaccountassetsforthemeetingofobligationsundertheplanorprogram.
vi.InterestIntheeventofafailuretopayallorpartofthewagesrequiredbythecontract,thecontractorwillberequiredtopayinterestonanyunderpaymentofwages.

the
Previouseditionsobsolete 2 FormHUD-4010,(10/2023)
ref.Handbook1344.1
2.Withholding
i,WithholdingrequirementsTheU.S.DepartmentofHousingandUrbanDevelopmentmay,uponitsownaction,ormust,upon
writtenrequestofanauthorizedrepresentativeoftheDepartmentofLabor,withholdorcausetobewithheldfromthecontractorsomuchoftheaccruedpaymentsoradvancesasmaybeconsiderednecessarytosatisfytheliabilitiesoftheprimecontractororanysubcontractorforthefullamount
ofwagesandmonetaryrelief,includinginterest,requiredbytheclausessetforthin29CFR5.5(a)forviolationsofthiscontract,ortosatisfyanysuchliabilitiesrequiredbyanyotherFederal
contract,orfederallyassistedcontractsubjecttoDavis-Baconlaborstandards,thatisheldbythesameprimecontractor(asdefinedin29CFR5.2).Thenecessaryfundsmaybewithheldfromthe
contractorunderthiscontract,anyotherFederalcontractwiththesameprimecontractor,oranyotherfederallyassistedcontractthatissubjecttoDavis-Baconlaborstandardsrequirementsandis,
heldbythesameprimecontractor,regardlessofwhethertheothercontractwasawardedorassistedbythesameagency,andsuchfundsmaybeusedtosatisfythecontractorliabilityforwhich
thefundswerewithheld.Intheeventofacontractor'sfailuretopayanylaborerormechanic,includinganyapprenticeorhelperworkingonthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute)allorpartofthewages
requiredbythecontract,oruponthecontractor'sfailuretosubmittherequiredrecordsasdiscussedin29CFR5.5(a)(3)(iv),HUDmayonitsowninitiativeandafterwrittennoticetothecontractor,sponsor,applicant,owner,orotherentity,asthecasemaybe,takesuchactionasmay
benecessarytocausethesuspensionofanyfurtherpayment,advance,orguaranteeoffundsuntilsuchviolationshaveceased.
ii,PrioritytowithheldfundsTheDepartmenthasprioritytofundswithheldortobewithheldinaccordancewith29CFR5.5(a}(2)(i)or(b)(3)(i),orboth,overclaimstothosefundsby:
‘A.Acontractor’ssurety(ies),includingwithoutlimitationperformancebondsuretiesand
paymentbondsureties;B,Acontractingagencyforitsreprocurementcosts;. Atrustee(s)(eitheracourt-appointedtrusteeoraU.S.trustee,orboth)inbankruptcyofa
contractor,oracontractor'sbankruptcyestate;
D.Acontractor’sassignee(s);
E,Acontractor'ssuccessor(s);orF,AclaimassertedunderthePromptPaymentAct,31U.S.C.3901-3907.
3.Recordsandcertifiedpayrolls1.Basicrecordrequirements‘A.Lengthofrecordretention.Allregularpayrollsandotherbasicrecordsmustbemaintainedby
thecontractorandanysubcontractorduringthecourseoftheworkandpreservedforalllaborersandmechanicsworkingatthesiteofthework(orotherwiseworkinginconstruction
ordevelopmentoftheprojectunderadevelopmentstatute)foraperiodofatleast3yearsafteralltheworkontheprimecontractiscompleted.InformationrequiredSuchrecordsmustcontainthename;SocialSecuritynumber;lastknown
address,telephonenumber,andemailaddressofeachsuchworker;eachworker'scorrectclassification(s)ofworkactuallyperformed;hourlyratesofwagespaid(includingratesof
contributionsorcostsanticipatedforbonafidefringebenefitsorcashequivalentsthereofofthetypesdescribedin40U.S.C.3141(2}(8)oftheDavis-BaconAct);dailyandweeklynumberof
hoursactuallyworkedintotalandoneachcoveredcontract;deductionsmade;andactualwagespaid.
Additionalrecordsrelatingtofringebenefits.WhenevertheSecretaryofLaborhasfoundunder29CFR5.5(a)(1)(v)thatthewagesofanylaborerormechanicincludetheamountofany

Previouseditionsobsolete 3 FormHUD-4010,(10/2023)ref.Handbook1344.1.
HuD-4010 U.S.DepartmentofHousingandUrbanDevelopment
FederalLaborStandardsProvisions OfficeofDavis-BaconandLaborStandards

‘A.APPLICABILITY
TheProjectorProgramtowhichtheconstructionworkcoveredbythisContractpertainsisbeingassistedbytheUnitedStatesofAmerica,andthefollowingFederalLaborStandardsProvisionsare
includedinthisContractpursuanttotheprovisionsapplicabletosuchFederalassistance.1. Minimumwagesandfringebenefits
Alllaborersandmechanicsemployedorworkinguponthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute),willbepaid
unconditionallyandnotlessoftenthanonceaweek,andwithoutsubsequentdeductionorrebate‘onanyaccount(exceptsuchpayrolldeductionsasarepermittedbyregulationsissuedbythe
SecretaryofLaborundertheCopelandAct(29CFRpart3)),thefullamountofbasichourlywagesandbonafidefringebenefits(orcashequivalentsthereof)dueattimeofpaymentcomputedat
ratesnotlessthanthosecontainedinthewagedeterminationoftheSecretaryofLaborwhichisattachedheretoandmadeaparthereof,regardlessofanycontractualrelationshipwhichmaybeallegedtoexistbetweenthecontractorandsuchlaborersandmechanics.Asprovidedin29CFR
5.5(d)and(e),theappropriatewage determinationsareeffectiveby operationoflawevenifthey
havenotbeenattachedtothecontract.ContributionsmadeorcostsreasonablyanticipatedforbonafidefringebenefitsundertheDavis-BaconAct(40U.S.C.3141(2)(B))onbehalfoflaborersor
mechanicsareconsideredwagespaidtosuchlaborersormechanics,subjecttotheprovisionsofparagraph(a)(1)(v)ofthesecontractclauses;also,regularcontributionsmadeorcostsincurredfor
‘morethanaweeklyperiod(butnotlessoftenthanquarterly)underplans,funds,orprogramswhichcovertheparticularweeklyperiod,aredeemedtobeconstructivelymadeorincurredduringsuchweeklyperiod.Suchlaborersandmechanicsmustbepaidtheappropriatewagerateandfringe
benefitsonthewagedeterminationfortheclassification(s)ofworkactuallyperformed,withoutregardtoskill,exceptasprovidedin29CFR5.5(a)(4).Laborersormechanicsperformingworkinmorethanoneclassificationmaybecompensatedattheratespecifiedforeachclassificationforthe
timeactuallyworkedtherein:Provided,Thattheemployer'spayrollrecordsaccuratelysetforththetimespentineachclassificationinwhichworkisperformed.Thewagedetermination(includinganyadditionalclassificationsandwageratesconformedunder29CFR5.5(a)(1)(ii))andtheDavis-Bacon
poster(WH-1321)mustbepostedatalltimesbythecontractoranditssubcontractorsatthesiteof,‘theworkinaprominentandaccessibleplacewhereitcanbeeasilyseenbytheworkers.ii,Frequentlyrecurringclassifications
‘A.Inadditiontowageandfringebenefitratesthathavebeendeterminedtobeprevailingunder
theproceduressetforthin29CFRpart1,awagedeterminationmaycontain,pursuantto§1.3(f),wageandfringebenefitratesforclassificationsoflaborersandmechanicsforwhichconformancerequestsareregularlysubmittedpursuantto29CFR5.5(a)(1)(i),providedthat:
1.Theworkperformedbytheclassificationisnotperformedbyaclassificationinthewagedeterminationforwhichaprevailingwageratehasbeendetermined;2.Theclassificationisusedintheareabytheconstructionindustry;and.
3.Thewageratefortheclassificationbearsareasonablerelationshiptotheprevailingwageratescontainedinthewagedetermination.
B,TheAdministratorwillestablishwageratesforsuchclassificationsinaccordancewith29CFR5.5{a)(1)(i)(A)(3).Workperformedinsuchaclassificationmustbepaidatnolessthanthewage
andfringebenefitratelistedonthewagedeterminationforsuchclassification.li,Conformance
‘A.Thecontractingofficermustrequirethatanyclassoflaborersormechanics,includinghelpers,whichisnotlistedinthewagedeterminationandwhichistobeemployedunderthecontractbe
Previouseditionsobsolete 1 FormHUD-4010,(10/2023)ref.Handbook1344.1

Classifiedinconformancewiththewagedetermination.Conformanceofan additionalclassification
‘andwagerateandfringebenefitsisappropriateonlywhenthefollowingcriteriahavebeenmet:1.Theworktobeperformedbytheclassificationrequestedisnotperformedbyaclassificationin
thewagedetermination;and
2,Theclassificationisusedintheareabytheconstructionindustry;and3.Theproposedwagerate,includinganybonafidefringebenefits,bearsareasonablerelationshiptothewageratescontainedinthewagedetermination.
B.Theconformanceprocessmaynotbeusedtosplit,subdivide,orotherwiseavoidapplicationofclassificationslistedinthewagedetermination.
._ Ifthecontractorandthelaborersandmechanicstobeemployedintheclassification(ifknown),ortheirrepresentatives,andthecontractingofficeragreeontheclassificationandwagerate
(includingtheamountdesignatedforfringebenefitswhereappropriate),areportoftheactiontakenwillbesentbythecontractingofficerbyemailtoDBAconformance@dol.gov.TheAdministrator,oranauthorizedrepresentative,willapprove,modify,ordisapproveevery
additionalclassificationactionwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.
D.Intheeventthecontractor,thelaborersormechanicstobeemployedintheclassificationortheirrepresentatives,andthecontractingofficerdonotagreeontheproposedclassificationandwagerate(includingtheamountdesignatedforfringebenefits,whereappropriate),the
contractingofficerwill,byemailtoDBAconformance@dol.gov,referthequestions,includingtheviewsofallinterestedpartiesandtherecommendationofthecontractingofficer,tothe
Administratorfordetermination.TheAdministrator,oranauthorizedrepresentative,adeterminationwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.
E,ThecontractingofficermustpromptlynotifythecontractoroftheactiontakenbytheWageandHourDivisionunder29CFR5.5(a)(1)(ii(C)and(0).Thecontractormustfurnishawrittencopyofsuchdeterminationtoeachaffectedworkeroritmustbepostedasapartofthewage
determination.Thewagerate(includingfringebenefitswhereappropriate)determinedPursuantto29CFR5.5(a)(21)ii)(C)or(D)mustbepaidtoallworkersperformingworkintheclassificationunderthiscontractfromthefirstdayonwhichworkisperformedinthe
classification.iv.Fringebenefitsnotexpressedasanhourlyrate‘Whenevertheminimumwagerateprescribedinthecontractforaclassoflaborersormechanics
includesafringebenefitwhichisnotexpressedasanhourlyrate,thecontractormayeitherpaythebenefitasstatedinthewagedeterminationormaypayanotherbonafidefringebenefitoranhourly
cashequivalentthereof.v. UnfundedplansIfthecontractordoesnotmakepaymentstoatrusteeorotherthirdperson,thecontractormayconsideraspartofthewagesofanylaborerormechanictheamountofanycostsreasonablyanticipatedinprovidingbonafidefringebenefitsundera planorprogram,Provided,Thatthe
SecretaryofLaborhasfound,uponthewrittenrequestofthecontractor,inaccordancewiththecriteriasetforthin29CFR5.28,thattheapplicablestandardsoftheDavis-BaconActhavebeenmet.
‘TheSecretaryofLabormayrequirethecontractortosetasideinaseparateaccountassetsforthemeetingofobligationsundertheplanorprogram.
vi.InterestIntheeventofafailuretopayallorpartofthewagesrequiredbythecontract,thecontractorwillberequiredtopayinterestonanyunderpaymentofwages.

Previouseditionsobsolete 2 FormHUD-4010,(10/2023)
ref.Handbook1344.1
2.Withholding
i.WithholdingrequirementsTheU.S.DepartmentofHousingandUrbanDevelopmentmay,uponitsownaction,ormust,upon
writtenrequestofanauthorizedrepresentativeoftheDepartmentofLabor,withholdorcausetobe
withheldfromthecontractorsomuchoftheaccruedpaymentsoradvancesasmaybeconsiderednecessarytosatisfytheliabilitiesoftheprimecontractororanysubcontractorforthefullamountofwagesandmonetaryrelief,includinginterest,requiredbytheclausessetforthin29CFR5.5(a)
forviolationsofthiscontract,ortosatisfyanysuchliabilitiesrequiredbyanyotherFederalcontract,orfederallyassistedcontractsubjecttoDavis-Baconlaborstandards,thatisheldbythe
sameprimecontractor(asdefinedin29CFR5.2).Thenecessaryfundsmaybewithheldfromthe‘contractorunderthiscontract,anyotherFederalcontractwiththesameprimecontractor,orany
otherfederallyassistedcontractthatissubjecttoDavis-Baconlaborstandardsrequirementsandisheldbythesameprimecontractor,regardlessofwhethertheothercontractwasawardedorassistedbythesameagency,andsuchfundsmaybeusedtosatisfythecontractorliabilityforwhich
thefundswerewithheld.Intheeventofacontractor'sfailuretopayanylaborerormechanic,includinganyapprenticeorhelperworkingonthesiteofthework(orotherwiseworkingin
constructionordevelopmentoftheprojectunderadevelopmentstatute)allorpartofthewagesrequiredbythecontract,oruponthecontractor'sfailuretosubmittherequiredrecordsas
discussedin29CFR5.5(a)(3)(iv),HUDmayonitsowninitiativeandafterwrittennoticetothecontractor,sponsor,applicant,owner,orotherentity,asthecasemaybe,takesuchactionasmaybenecessarytocausethesuspensionofanyfurtherpayment,advance,orguaranteeoffundsuntilsuchviolationshaveceased.
ii,Prioritytowithheldfunds‘TheDepartmenthasprioritytofundswithheldortobewithheldinaccordancewith29CFR
5.5(a)(2I()or(b)(3)(),orboth,overclaimstothosefundsb‘A.Acontractor’ssurety(ies),includingwithoutlimitationperformancebondsuretiesand
paymentbondsureties;B.Acontractingagencyforitsreprocurementcosts;C.Atrustee(s)(eitheracourt-appointedtrusteeoraU.S.trustee,orboth)inbankruptcyofa
contractor,oracontractor'sbankruptcyestate;D.Acontractor’sassignee(s);E.Acontractor’ssuccessor(s);orF,AclaimassertedunderthePromptPaymentAct,31U.S.C.3901-3907.
3.Recordsandcertifiedpayrollsi.Basicrecordrequirements
A.Lengthofrecordretention,Allregularpayrollsandotherbasicrecordsmustbemaintainedbythecontractorandanysubcontractorduringthecourseoftheworkandpreservedforall
laborersandmechanicsworkingatthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute)foraperiodofatleast3yearsafteralltheworkontheprimecontractiscompleted.
InformationrequiredSuchrecordsmustcontainthename;SocialSecuritynumber;lastknownaddress,telephonenumber,andemailaddressofeachsuchworker;eachworker'scorrect
classification(s)ofworkactuallyperformed;hourlyratesofwagespaid(includingratesofcontributionsorcostsanticipatedforbonafidefringebenefitsorcashequivalentsthereofof
‘thetypesdescribedin40 U.S.C.3141(2)(B)oftheDavis-BaconAct);dailyandweeklynumberof
hoursactuallyworkedintotalandoneachcoveredcontract;deductionsmade;andactual
wagespaid.€.Additionalrecordsrelatingtofringebenefits.WhenevertheSecretaryofLaborhasfound
under29 CFR5.5(a)(1)(v)thatthewagesof anylaborerormechanicincludetheamountofany
Previouseditionsobsolete 3 FormHUD-4010,(10/2023)
ref.Handbook1344.1

costsreasonablyanticipatedinprovidingbenefitsunderaplanorprogramdescribedin40
U.S.C.3141(2)(B)oftheDavis-BaconAct,thecontractormustmaintainrecordswhichshowthatthecommitmenttoprovidesuchbenefitsisenforceable,thattheplanorprogramisfinancially
responsible,andthattheplanorprogramhasbeencommunicatedinwritingtothelaborersormechanicsaffected,andrecordswhichshowthecostsanticipatedortheactualcostincurred
inprovidingsuchbenefits.D.AdditionalrecordsrelatingtoapprenticeshipContractorswithapprenticesworkingunder
approvedprogramsmustmaintainwrittenevidenceoftheregistrationofapprenticeshipprograms,theregistrationoftheapprentices,andtheratiosandwageratesprescribedintheapplicableprograms,
i.Certifiedpayrollrequirements
‘A.FrequencyandmethodofsubmissionThecontractororsubcontractormustsubmitweekly,foreachweekinwhichanyDBA-orRelatedActs-coveredworkisperformed,certifiedpayrollstoHUDiftheagencyisapartytothecontract,butiftheagencyisnotsuchaparty,
thecontractorwillsubmitthecertifiedpayrollstotheapplicant,sponsor,owner,orotherentity,asthecasemaybe,thatmaintainssuchrecords,fortransmissiontoHUD.Theprime
contractorisresponsibleforthesubmissionofallcertifiedpayrollsbyallsubcontractors.Acontractingagencyorprimecontractormaypermitorrequirecontractorstosubmitcertifiedpayrollsthroughanelectronicsystem,aslongastheelectronicsystemrequiresalegallyvalid
electronicsignature;thesystemallowsthecontractor,thecontractingagency,andtheDepartmentofLabortoaccessthecertifiedpayrollsuponrequestforatleast3yearsaftertheworkontheprimecontracthasbeencompleted;andthecontractingagencyorprime
contractorpermitsothermethodsofsubmissioninsituationswherethecontractorisunableorlimitedinitsabilitytouseoraccesstheelectronicsystemB.InformationrequiredThecertifiedpayrollssubmittedmustsetoutaccuratelyandcompletely
alloftheinformationrequiredtobemaintainedunder29CFR5.5(a)(3)()(8),exceptthatfullSocialSecuritynumbersandlastknownaddresses,telephonenumbers,andemailaddressesmustnotbeincludedonweeklytransmittals.Instead,thecertifiedpayrollsneedonlyinclude
anindividuallyidentifyingnumberforeachworker(e.g.,thelastfourdigitsoftheworker's,SocialSecuritynumber).Therequiredweeklycertifiedpayrollinformationmaybesubmitted
usingOptionalFormWH-347orinanyotherformatdesired.OptionalFormWH-347isavailableforthispurposefromtheWageandHourDivisionWebsiteathttps://www.dol.gou/sites/dolaov/files/WHD/leqacy/files/wh347.pdforitssuccessorwebsite.Itisnotaviolationof
thissectionforaprimecontractortorequireasubcontractortoprovidefullSocialSecuritynumbersandlastknownaddresses,telephonenumbers,andemailaddressestotheprime
contractorforitsownrecords,withoutweeklysubmissionbythesubcontractortothesponsoringgovernmentagency(ortheapplicant,sponsor,owner,orotherentity,asthecasemaybe,thatmaintainssuchrecords).
C.StatementofComplianceEachcertifiedpayrollsubmittedmustbeaccompaniedbya“StatementofCompliance,”signedbythecontractororsubcontractor,orthecontractor'sor
subcontractor’sagentwhopaysorsupervisesthepaymentofthepersonsworkingonthecontract,andmustcertifythefollowing:Thatthecertifiedpayrollforthepayrollperiodcontainstheinformationrequiredtobe
providedunder29CFR5.5(a)(3){il),theappropriateinformationandbasicrecordsarebeing
maintainedunder29CFR5.5(a)(3)\i),andsuchinformationandrecordsarecorrectand
complete;2. Thateachlaborerormechanic(includingeachhelperandapprentice)workingonthecontractduringthepayrollperiodhasbeenpaidthefullweeklywagesearned,withoutrebate,eitherdirectlyorindirectly,andthatnodeductionshavebeenmadeeitherdirectlyorindirectly
Previouseditionsobsolete 4 FormHUD-4010,(10/2023)ref,Handbook1344.1

1,
fromthefullwagesearned,otherthanpermissibledeductionsassetforthin29CFRpart3;
and3. Thateachlaborerormechanichasbeenpaidnotlessthantheapplicablewageratesand
fringebenefitsorcashequivalentsfortheclassification(s)ofworkactuallyperformed,asspecifiedintheapplicablewagedeterminationincorporatedintothecontract.
UseofOptionalFormWH-347TheweeklysubmissionofaproperlyexecutedcertificationsetforthonthereversesideofOptionalFormWH-347willsatisfytherequirementfor
submissionofthe“StatementofCompliance”requiredby29CFR5.5(a)(3)(i)(C).E, SignatureThesignaturebythecontractor,subcontractor,orthecontractor'sor
subcontractor’sagentmustbeanoriginalhandwrittensignatureoralegallyvalidelectronicsignature.
F._ FalsificationThefalsificationofanyoftheabovecertificationsmaysubjectthecontractororsubcontractortocivilorcriminalprosecutionunder18U.S.C.1001and31U.S.C.3729.G. LengthofcertifiedpayrollretentionThecontractororsubcontractormustpreserveall
certifiedpayrollsduringthecourseoftheworkandfora periodof3yearsafteralltheworkontheprimecontractiscompleted.Contracts,subcontracts,andrelateddocumentsThecontractororsubcontractormustmaintainthis
contractorsubcontractandrelateddocumentsincluding,withoutlimitation,bids,proposals,amendments,modifications,andextensions.Thecontractororsubcontractormustpreservethese
contracts,subcontracts,andrelateddocumentsduringthecourseoftheworkandforaperiodof3yearsafteralltheworkontheprimecontractiscompleted.ivRequireddisclosuresandaccess
A. RequiredrecorddisclosuresandaccesstoworkersThecontractororsubcontractormustmaketherecordsrequiredunder29CFR5.5(a)(3)(i}(ill,andanyotherdocumentsthat
HUDortheDepartmentofLabordeemsnecessarytodeterminecompliancewiththelaborstandardsprovisionsofanyoftheapplicablestatutesreferencedby29CFR5.1,availableforinspection,copying,ortranscriptionbyauthorizedrepresentativesofHUDortheDepartmentofLabor,andmustpermitsuchrepresentativestointerviewworkersduring
workinghoursonthejob.B. Sanctionsfornon-compliancewithrecordsandworkeraccessrequirementsIfthe
contractororsubcontractorfailstosubmittherequiredrecordsortomakethemavailable,orrefusestopermitworkerinterviewsduringworkinghoursonthejob,theFederalagencymay,afterwrittennoticetothecontractor,sponsor,applicant,owner,orotherentity,asthe
‘casemaybe,thatmaintainssuchrecordsorthatemployssuchworkers,takesuchactionasmaybenecessarytocausethesuspensionofanyfurtherpayment,advance,orguaranteeof
funds,Furthermore,failuretosubmittherequiredrecordsuponrequestortomakesuchrecordsavailable,ortopermitworkerinterviewsduringworkinghoursonthejob,maybegroundsfordebarmentactionpursuantto29CFR5.12.Inaddition,anycontractororother
personthatfailstosubmittherequiredrecordsormakethoserecordsavailabletoWHDwithinthetimeWHDrequeststhattherecordsbeproducedwillbeprecludedfrom
introducingasevidenceinanadministrativeproceedingunder29CFRpart6anyoftherequiredrecordsthatwerenotprovidedormadeavailabletoWHD.WHDwilltakeinto
considerationareasonablerequestfromthecontractororpersonforanextensionofthetimeforsubmissionofrecords.WHOwilldeterminethereasonablenessoftherequestandmayconsider,amongotherthings,thelocationoftherecordsandthevolumeof,
production.€. RequiredinformationdisclosuresContractorsandsubcontractorsmustmaintainthefullSocialSecuritynumberandlastknownaddress,telephonenumber,andemailaddressof
eachcoveredworker,andmustprovidethemuponrequesttoHUDiftheagencyisapartyto
Previouseditionsobsolete 5 FormHUD-4010,(10/2023)ref.Handbook1344.1

4. Apprenticesandequalemploymentopportuni
thecontract,ortotheWageandHourDivisionoftheDepartmentofLabor.IftheFederal
agencyisnotsuchapartytothecontract,thecontractor,subcontractor,orboth,must,uponrequest,providethefullSocialSecuritynumberandlastknownaddress,telephonenumber,andemailaddressofeachcoveredworkertotheapplicant,sponsor,owner,or
otherentity,asthecasemaybe,thatmaintainssuchrecords,fortransmissiontoHUD,thecontractor,ortheWageandHourDivisionoftheDepartmentofLaborforpurposesofan
investigationorothercomplianceaction.

i.Apprentices
A. RateofpayApprenticeswillbepermittedtoworkatlessthanthepredeterminedratefor
theworktheyperformwhentheyareemployedpursuanttoandindividuallyregisteredina
bonafideapprenticeshipprogramregisteredwiththeU.S.DepartmentofLabor,EmploymentandTrainingAdministration,OfficeofApprenticeship(OA),orwithaStateApprenticeshipAgencyrecognizedbytheOA.Apersonwhoisnotindividuallyregisteredintheprogram,butwhohasbeencertifiedbytheOAoraStateApprenticeshipAgency
(whereappropriate)tobeeligibleforprobationaryemploymentasanapprentice,willbepermittedtoworkatlessthanthepredeterminedratefortheworktheyperforminthe
first90daysofprobationaryemploymentasanapprenticeinsuchaprogram.IntheeventtheOAora StateApprenticeshipAgencyrecognizedbytheOAwithdrawsapprovalofanapprenticeshipprogram,thecontractorwillnolongerbepermittedtouseapprenticesat
lessthantheapplicablepredeterminedratefortheworkperformeduntilanacceptable
programisapproved.
FringebenefitsApprenticesmustbepaidfringebenefitsinaccordancewiththeprovisionsoftheapprenticeshipprogram.Iftheapprenticeshipprogramdoesnotspecifyfringebenefits,apprenticesmustbepaidthefullamountoffringebenefitslistedonthewage
determinationfortheapplicableclassification.IftheAdministratordeterminesthatadifferentpracticeprevailsfortheapplicableapprenticeclassification,fringebenefitsmustbepaidinaccordancewiththatdetermination.ApprenticeshipratioTheallowableratioofapprenticestojourneyworkersonthejobsitein
anycraftclassificationmustnotbegreaterthantheratiopermittedtothecontractorastotheentireworkforceundertheregisteredprogramortheratioapplicabletothelocalityof
theprojectpursuantto29CFR5.5(a}(4)(i)(0).Anyworkerlistedonapayrollatanapprenticewagerate,whoisnotregisteredorotherwiseemployedasstatedin29CFR5.5(a)(4)(i)(A),mustbepaidnotlessthantheapplicablewagerateonthewage
determinationfortheclassificationofworkactuallyperformed.Inaddition,anyapprenticeperformingworkonthejobsiteinexcessoftheratiopermittedunderthissectionmustbe
paidnotlessthantheapplicablewagerateonthewagedeterminationfortheworkactually
performed.ReciprocityofratiosandwageratesWhereacontractorisperformingconstructionona
projectinalocalityotherthanthelocalityinwhichitsprogramisregistered,theratiosand‘wagerates(expressedinpercentagesofthejourneyworker’shourlyrate)applicablewithinthelocalityinwhichtheconstructionisbeingperformedmustbeobserved.ifthereisno
applicableratioorwagerateforthelocalityoftheproject,theratioandwageratespecified
inthecontractor'sregisteredprogrammustbeobserved.

iiEqualemploymentopportunityTheuseofapprenticesandjourneyworkersunderthispartmust
beinconformitywiththeequalemploymentopportunityrequirementsofExecutiveOrder11246,
asamended,and29CFRpart30.
5 CompliancewithCopelandActrequirements.Thecontractorshallcomplywiththerequirementsof29
CFRpart3,whichareincorporatedbyreferenceinthiscontract.
Previouseditionsobsolete 6 FormHUD-4010,(10/2023)ref.Handbook1344.1
6 Subcontracts,Thecontractororsubcontractormustinsertinanysubcontractstheclausescontainedin
29CFR5.5(a)(1)through(11),alongwiththeapplicablewagedetermination(s)andsuchotherclauses
orcontractmodificationsastheU.S.DepartmentofHousingandUrbanDevelopmentmaybyappropriateinstructionsrequire,andaclauserequiringthesubcontractors
toincludetheseclausesandwagedetermination(s)inanylowertiersubcontracts.Theprimecontractorisresponsibleforthecompliancebyanysubcontractororlowertiersubcontractorwithall
thecontractclausesinthissection.Intheeventofanyviolationsoftheseclauses,theprimecontractorandanysubcontractor(s)responsiblewillbeliableforanyunpaidwagesandmonetaryrelief,including
interestfromthedateoftheunderpaymentorloss,duetoanyworkersoflower-tiersubcontractors,andmaybesubjecttodebarment,asappropriate.7 Contracttermination:debarment.Abreachofthecontractclausesin29CFR5.5maybegroundsfor
terminationofthecontract,andfordebarmentasacontractorandasubcontractorasprovidedin29
CFRS.12.8 CompliancewithDavis-BaconandRelatedActrequirements.AllrulingsandinterpretationsoftheDavis-BaconandRelatedActscontainedin29CFRparts1,3,and5arehereinincorporatedby
referenceinthiscontract.9Disputesconcerninglaborstandards.Disputesarisingoutofthelaborstandardsprovisionsofthis
contractshallnotbesubjecttothegeneraldisputesclauseofthiscontract.SuchdisputesshallberesolvedinaccordancewiththeproceduresoftheDepartmentofLaborsetforthin29CFRparts5,6,and7.Disputeswithinthemeaningofthisclauseincludedisputesbetweenthecontractor(oranyofits
subcontractors)andthecontractingagency,theU.S.DepartmentofLabor,ortheemployeesortheirrepresentatives.
10.Certificationofeligibility.i.Byenteringintothiscontract,thecontractorcertifiesthatneitheritnoranypersonorfirmwhohasaninterestinthecontractor'sfirmisapersonorfirmineligibletobeawardedGovernmentcontractsbyvirtueof40 U.S.C.3144(b)or29CFR5.12(a).
ii,NopartofthiscontractshallbesubcontractedtoanypersonorfirminelGovernmentcontractbyvirtueof40U.S.C.3144(b)or29CFR5.12{a).ii.ThepenaltyformakingfalsestatementsisprescribedintheU.S.Code,Title18Crimesand
CriminalProcedure,18U.S.C.1001.11.Anti-retaliationItisunlawfulforanypersontodischarge,demote,intimidate,threaten,restrain,
coerce,blacklist,harass,orinanyothermannerdiscriminateagainst,ortocauseanypersontodischarge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermanner
discriminateagainst,anyworkerorjobapplicantfor:i.NotifyinganycontractorofanyconductwhichtheworkerreasonablybelievesconstitutesaviolationoftheDBA,RelatedActs,or29CFRparts1,3,or5;
fi,Filinganycomplaint,initiatingorcausingtobe initiatedanyproceeding,orotherwiseassertingorseekingtoassertonbehalfofthemselvesorothersanyrightorprotectionundertheDBA,
RelatedActs,or29CFRparts1,3,or5;lil,Cooperatinginanyinvestigationorothercomplianceaction,ortestifyinginanyproceedingunder
theDBA,RelatedActs,or29CFRparts1,3,oF5;oriv.InforminganyotherpersonabouttheirrightsundertheDBA,RelatedActs,or29CFRparts1,3,ors.
B. ContractWorkHoursandSafetyStandardsAct(CWHSSA)TheAgencyHeadmustcauseorrequirethecontractingofficertoinsertthefollowingclausesset
forthin29CFR5.5(b)(1),(2),(3),(4),and(5)infull,or(forcontractscoveredbytheFederal
‘AcquisitionRegulation)byreference,inanycontractinanamountinexcessof$100,000andsubject
totheovertimeprovisionsoftheContractWorkHoursandSafetyStandardsAct.Theseclausesmust,

leforawardofa

nsobsolete 7 FormHUD-€010,(10/2023)ref.Handbook1344.1
Previousedi

beinsertedinadditiontotheclausesrequiredby29CFR5.5(a)or4.6.Asusedinthisparagraph,theterms“laborersandmechanics”includewatchpersonsandguards.
1,Overtimerequirements.Nocontractororsubcontractorcontractingforanypartofthecontract‘workwhichmayrequireorinvolvetheemploymentoflaborersormechanicsshallrequireor
Permitanysuchlaborerormechanicinanyworkweekinwhichheorsheisemployedonsuchworktoworkinexcessoffortyhoursinsuchworkweekunlesssuchlaborerormechanicreceivescompensationataratenotlessthanoneandone-halftimesthebasicrateofpayforallhoursworkedinexcessoffortyhoursinsuchworkweek.
2.Violation;liabilityforunpaidwages;liquidateddamages.Intheeventofanyviolationofthe
clausesetforthin29CFR5.5(b)(1)thecontractorandanysubcontractorresponsiblethereforshallbeliablefortheunpaidwagesandinterestfromthedateoftheunderpayment.Inaddition,
suchcontractorandsubcontractorshallbeliabletotheUnitedStates(inthecaseofworkdoneundercontractfortheDistrictofColumbiaoraterritory,tosuchDistrictortosuchterritory),for
liquidateddamages.Suchliquidateddamagesshallbecomputedwithrespecttoeachindividuallaborerormechanic,includingwatchpersonsandguards,employedinviolationoftheclauseset
forthin29CFR5.5(b)(2),inthesumof$31foreachcalendardayonwhichsuchindividualwasrequiredorpermittedtoworkinexcessofthestandardworkweekoffortyhourswithoutPaymentoftheovertimewagesrequiredbytheclausesetforthin29CFR5.5(b)(1).Withholdingforunpaidwagesandliquidateddamages
WithholdingprocessTheU.SDepartmentofHousingandUrbanDevelopmentortherecipientofFederalassistancemay,uponitsownaction,ormust,uponwrittenrequestofanauthorized
representativeoftheDepartmentofLabor,withholdorcausetobewithheldfromthecontractor50muchoftheaccruedpaymentsoradvancesasmaybeconsiderednecessarytosatisfytheliabilitiesoftheprimecontractororanysubcontractorforanyunpaidwages;monetaryrelief,
includinginterest;andliquidateddamagesrequiredbytheclausessetforthin29CFR5.5(b)onthiscontract,anyotherFederalcontractwiththesameprimecontractor,oranyotherfederally
assistedcontractsubjecttotheContractWorkHoursandSafetyStandardsActthatisheldbythesameprimecontractor(asdefinedin29CFR5.2).Thenecessaryfundsmaybewithheldfromthecontractorunderthiscontract,anyotherFederalcontractwiththesameprimecontractor,orany
otherfederallyassistedcontractthatissubjecttotheContractWorkHoursandSafetyStandardsActandisheldbythesameprimecontractor,regardlessofwhethertheothercontractwasawardedorassistedbythesameagency,andsuchfundsmaybeusedtosatisfythecontractorliabilityforwhichthefundswerewithheld.
li_PrioritytowithheldfundsTheDepartmenthasprioritytofundswithheldortobewithheldinaccordancewith29CFR5.5(a)(2)(i)or(b)(3)(i),orboth,overclaimstothosefundsby:
A. Acontractor’ssurety(ies),includingwithoutlimitationperformancebondsuretiesand
paymentbondsure!B.Acontractingagencyforitsreprocurementcosts;€. Atrustee(s)(eitheracourt-appointedtrusteeoraU.S.trustee,orboth)inbankruptcyof acontractor,oracontractor'sbankruptcyestate;
D.Acontractor’sassignee(s);E. Acontractor’ssuccessor(s);or
F. AclaimassertedunderthePromptPaymentAct,31U.S.C.3901-3907.4,Subcontracts.Thecontractororsubcontractormustinsertinanysubcontractstheclausessetforthin29.CFR5.5(b)(1)through(5)andaclauserequiringthesubcontractorstoincludetheseclausesinanylowertiersubcontracts.Theprimecontractorisresponsibleforcompliancebyanysubcontractoror
lowertiersubcontractorwiththeclausessetforthin29CFR5.5(b)(1)through(5).Intheeventofanyviolationsoftheseclauses,theprimecontractorandanysubcontractor(s)responsiblewillbeliablefor
anyunpaidwagesandmonetaryrelief,includinginterestfromthedateoftheunderpaymentorloss,

Previouseditionsobsolete 8 FormHUD-4010,(10/2023)ref.Handbook1344.1
duetoanyworkersoflower-tiersubcontractors,andassociatedliquidateddamagesandmaybesubjecttodebarment,asappropriate.5.Anti-retaliationItisunlawfulforanypersontodischarge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermannerdiscriminateagainst,ortocauseanypersonto
discharge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermannerriminateagainst,anyworkerorjobapplicantfor:4. NotifyinganycontractorofanyconductwhichtheworkerreasonablybelievesconstitutesaviolationoftheContractWorkHoursandSafetyStandardsAct(CWHSSA)oritsimplementingregulationsin29CFRpart5;
Filinganycomplaint,initiatingorcausingtobeinitiatedanyproceeding,orotherwiseasserting
orseekingtoassertonbehalfofthemselvesorothersanyrightorprotectionunderCWHSSAor29CFRpart5;iil,Cooperatinginanyinvestigationorothercomplianceaction,ortestifyinginanyproceedingunderCWHSSAor29CFRpart5;or
iv,InforminganyotherpersonabouttheirrightsunderCWHSSAor29CFRpart5.
C.CWHSSArequiredrecordsclauseInadditiontotheclausescontainedin29CFR5.5(b),inanycontractsubjectonlytotheContractWorkHoursandSafetyStandardsActandnottoanyoftheotherlawsreferencedby29CFR5.1,theAgencyHeadmustcauseorrequirethecontractingofficertoinsertaclauserequiringthatthecontractororsubcontractormustmaintainregularpayrollsandotherbasicrecordsduringthecourseoftheworkandmustpreservethemforaperiodof3yearsafterallthework
ontheprimecontractiscompletedforalllaborersandmechanics,includingguardsandwatchpersons,workingonthecontract.Suchrecordsmustcontainthename;lastknownaddress,telephonenumber,andemailaddress;andsocialsecuritynumberofeachsuchworker;eachworker'scorrect
classification(s)ofworkactuallyperformed;hourlyratesofwagespaid;dailyandweeklynumberofhoursactuallyworked;deductionsmadeandactualwagespaid.Further,theAgencyHeadmustcauseorrequirethecontractingofficertoinsertinanysuchcontractaclauseprovidingthattherecordstobe‘maintainedunderthisparagraphmustbemadeavailablebythecontractororsubcontractorforinspection,copying,ortranscriptionbyauthorizedrepresentativesofthe(writethenameofagency)andtheDepartmentofLabor,andthecontractororsubcontractorwillpermitsuchrepresentativestointerviewworkersduringworkinghoursonthejob.
D.IncorporationofcontractclausesandwagedeterminationsbyreferenceAlthoughagenciesarerequiredtoinsertthecontractclausessetforthinthissection,alongwithappropriatewagedeterminations,infullintocoveredcontracts,andcontractorsandsubcontractorsarerequiredtoinserttheminanylower-tiersubcontracts,theincorporationbyreferenceoftherequiredcontractclausesandappropriatewagedeterminationswillbegiventhesameforceandeffectasiftheywereinsertedinfulltext.
E,IncorporationbyoperationoflawThecontractclausessetforthinthissection(ortheirequivalentundertheFederalAcquisitionRegulation),alongwiththecorrectwagedeterminations,willbeconsideredtobeapartofeveryprimecontractrequiredbytheapplicablestatutesreferencedby29CFR5.1toincludesuchclauses,andwillbeeffectivebyoperationoflaw,whetherornottheyareincludedorincorporatedbyreferenceintosuchcontract,unlesstheAdministratorgrantsavariance,tolerance,orexemptionfromtheapplicationofthisparagraph.Wheretheclausesandapplicablewagedeterminationsareeffectivebyoperationoflawunderthisparagraph,theprimecontractormustbe
compensatedforanyresultingincreaseinwagesinaccordancewithapplicablelaw.

Previouseditionsobsolete 9 FormHUD-4010,(10/2023)
ref.Handbook1344.1
2
F.HEALTHANDSAFETYTheprovisionsofthisparagraph(F)areapplicablewheretheamountoftheprimecontractexceeds$100,000.Nolaborerormechanicshallberequiredtoworkinsurroundingsorunderworkingconditionswhichareunsanitary,hazardous,ordangeroustohisorherhealthandsafety,asdeterminedunderconstructionsafetyandhealthstandardspromulgatedbytheSecretaryofLaborbyregulation.ThecontractorshallcomplywithallregulationsissuedbytheSecretaryofLaborpursuantto29CFRPart1926andfailuretocomplymayresultinimpositionofsanctionspursuanttotheContractWorkHoursandSafetyStandardsAct,(PublicLaw91-54,83Stat96),40U.S.C.§3701etseqThecontractorshallincludetheprovisionsofthisparagraphineverysubcontract,sothatsuchprovisionswillbe bindingoneachsubcontractor.ThecontractorshalltakesuchactionwithrespecttoanysubcontractorastheSecretaryofHousingandUrbanDevelopmentortheSecretaryofLaborshalldirectasameansofenforcingsuchprovisions.

Previouseditionsobsolete 10 FormHUD-4010,(10/2023)
ref.Handbook1344.1
EXHIBIT E
DAVIS-BACON WAGE DETERMINATION
[Attached]
E-l
1121128,12:14PM ‘SAMgov
"GeneralDecisionNumber:0C2e25@00201/10/2025
SupersededGeneralDecisionNumber:0¢2@240002
State:DistrictofColumbia
ConstructionType:Building
County:DistrictofColumbiaStatewide.
BUILDINGCONSTRUCTIONPROJECTS(doesnotincludesinglefamilyhomesorapartmentsuptoandincluding4 stories).
Note:ContractssubjecttotheDavis-BaconActaregenerallyrequiredtopayatleasttheapplicableminimumwageraterequiredunderExecutiveOrder14026orExecutiveOrder13658.PleasenotethattheseExecutiveOrdersapplytocoveredcontractsenteredintobythefederalgovernmentthataresubjecttotheDavis-BaconActitself,butdonotapplytocontractssubjectonlytotheDavis-BaconRelatedActs,includingthosesetforthat29CFR5.1(a)(1).
>ExecutiveOrder14026generallyappliestothecontract.Thecontractormustpayallcoveredworkersatleast$17.75perhour(ortheapplicablewageratelistedonthiswagedetermination,ifitishigher)forallhoursspentperformingonthecontractin2025.
[Ifthecontractisentered|intoon or afterJanuary30,|2¢22,orthecontractisrenewedorextended(e.g.,anJoptionisexercised)onorJafterJanuary30,2022:
II||||
|
Jor between January1, 2015 and
[January29,2022,andthe
|contractis notrenewedor
Jextendedon or afterJanuary
|30,2022:
generallyappliestothecontract.Thecontractormustpayallcoveredworkersatleast$13.30perhour(ortheapplicablewageratelistedonthiswagedetermination,ifitishigher)forallhoursspentperformingon‘thatcontractin2025.
> ExecutiveOrder13658
!
|
|
|
ii||||i|I[TFthecontractwasawardedon]
I
|
|
|
|
|
||||I
TheapplicableExecutiveOrderminimumwageratewillbeadjustedannually.IfthiscontractiscoveredbyoneoftheExecutiveOrdersanda classificationconsiderednecessaryforperformanceofworkonthecontractdoesnotappearonthiswagedetermination,thecontractormuststillsubmitaconformancerequest.
AdditionalinformationoncontractorrequirementsandworkerprotectionsundertheExecutiveOrdersisavailableathttp://www.dol.gov/whd/govcontracts.
ModificationNumber PublicationDate@ 01/03/20251 01/10/2025
httpslisam.govlwage-determination/DC20250002/1 19
1121/25,12:14PM SAM.gov
* ASBE0024-00710/01/2024
Rates Fringes
ASBESTOSWORKER/HEAT& FROSTINSULATOR. -$40.77 20.1748
Includestheapplicationofallinsulatingmaterials,protectivecoverings,coatingsandfinishestoalltypesofmechanicalsystems
a,PAIDHOLIDAYS:NewYear'sDay,MartinLutherKingDay,MemorialDay,IndependenceDay,LaborDay,Veterans’Day,ThanksgivingDay,thedayafterThanksgivingandChristmasDayprovidedtheemployeeworkstheregularworkdaybeforeandafterthepaidholiday.

* ASBE0024-@0810/01/2024
Rates Fringes
ASBESTOSWORKER:HAZARDOUSMATERTALHANDLER.........+6-$24.46 10.1943

Includespreparation,wetting,stripping,removal,scrapping,vacuuming,bagginganddisposingofallinsulationmaterials,whethertheycontainasbestosornot,frommechanicalsystems
a.PAIDHOLIDAYS:NewYear'sDay,MartinLutherKingDay,MemorialDay,IndependenceDay,LaborDay,Veterans’Day,ThanksgivingDay,thedayafterThanksgivingandChristmasDayprovidedtheemployeeworkstheregularworkdaybeforeandafterthepaidholiday.

* aSBE0O24-01410/01/2024
Rates Fringes
FIRESTOPPER........45 +$30.21 10.43¢a

Includestheapplicationofmaterialsordeviceswithinoraroundpenetrationsandopeningsinallratedwallorfloorassemblies,inordertopreventthepasageoffire,smokeofothergases.Theapplicationincludesallcomponentsinvolvedincreatingtheratedbarrieratperimeterslabedgesandexteriorcavities,theheadofgypsumboardorconcretewalls,jointsbetweenratedwallorfloorcomponents,sealingofpenetratingitemsandblankopenings.
a.PAIDHOLIDAYS:NewYear'sDay,MartinLutherKingDay,MemorialDay,IndependenceDay,LaborDay,Veterans’Day,ThanksgivingDay,thedayafterThanksgivingandChristmasDayprovidedtheemployeeworkstheregularworkdaybeforeandafterthepaidholiday.

BROCe8e1-e8204/28/2024
Rates Fringes
BRICKLAYER. seeeeeeeeeee$37.58 14.38
bttpsifisam.goviwage-determination/0C20250002/

1121125,12:14PM SAM.gov

CARP@197-01105/01/2024
Rates Fringes
CARPENTER,IncludesDrywallHanging,FormWork,andSoftFloorLaying-Carpet.........00++.$34.41 14.33

CARPO219-00105/01/2024
Rates Fringes
MILLWRIGHT... seeeeeeeees$38.61 16.89

CARPO474-00605/01/2024
Rates Fringes
PILEDRIVERMAN....
ELEC0026-01606/05/2023
-$36.60 14.47

Rates Fringes
ELECTRICIAN,IncludesInstallationofHVAC/TemperatureControls........$53.00 21.35,

* ELECO@26-01709/02/2024
Rates Fringes
ELECTRICALINSTALLER(Sound& CommunicationSystems).........$32.60 12.92
SCOPEOFWORK:Includeslowvoltageconstruction,installation,maintenanceandrenovalofteledatafacilities(voice,dataandvideo)includingoutsideplant,telephoneanddatainsidewire,interconnect,terminalequipment,centraloffices,PABX,fiberopticcableandequipment,railroadcommunications,microwaves,VSAT,bypass,CATV,WAN(Wideareanetworks),LAN(Localareanetworks)andISON(Integratedsystemsdigitalnetwork).
WORKEXCLUDED:Theinstallationofcomputersystemsinindustrialapplicationssuchasassemblylines,roboticsandcomputercontrollermanufacturingsystems.Theinstallationofconduitand/orracewaysshallbeinstalledbyInsideWirenen.OnsiteswherethereisnoInsideWiremanemployed,theTeledataTechnicianmayinstallracewayorconduitnotgreaterthan10feet.Firealarmworkisexcludedonallnewconstructionsitesorwhereverthefirealarmsystemisinstalledinconduit.AllHVACcontrolwork.

ELEvee1e-ee161/01/2024
Rates Fringes
ELEVATORMECHANIC. $54.77 37.885+a+b
a.PAIDHOLIDAYS:NewYear'sDay,MemorialDay,IndependenceDay,LaborDay,Veterans’Day,ThanksgivingDay,Christmas
htpsiisam.goviwage-determination/0C20250002/1, 39
1121125,12:14PM SAM.gov
DayandtheFridayafterThanksgiving.
b.VACATIONS:Employercontributes8%ofbasichourlyratefor5 yearsormoreofservice;6%ofbasichourlyratefor6 monthsto5 yearsofserviceasvacationpaycredit.

‘TRON@G8S-28506/01/2024
Rates Fringes
IRONWORKER,STRUCTURALANDORNAMENTAL. $ 37.86 25.86

TRON@@0S-01205/01/2024
Rates Fringes
IRONWORKER,REINFORCING.. 23.78

1Ag08011-0096/01/2023
Rates Fringes
LABORER:Skilled, 7.78

FOOTNOTE:Potmen,powertooloperator,smallmachineoperator,signalmen,laserbeamoperator,waterproofer(excludingroofing),opencaisson,testpit,underpinning,pierholeandditches,laggersandallworkassociatedwithlaggingthatisnotexpresslystated,strippers,operatorofhandderricks,vibratoroperators,pipelayers,ortilelayers,operatorsofjackhanmers,pavingbreakers,spadersoranymachinethatdoesthesamegeneraltypeofwork,carpentertenders,scaffoldbuilders,operatorsoftownasters,scootcretes,buggymobilesandothermachinesofsimilarcharacter,operatorsoftampersandranmersandothermachinesthatdothesamegeneraltypeofwork,whetherpoweredbyair,electricorgasoline,buildersoftrestlescaffoldsoveronetierhighandsandblasters,Powerandchainsawoperatorsusedinclearing,installersofwellpoints,wagondrilloperators,acetyleneburnersandlicensedpowdermen,stakejumper,demolition.

MaRBeee2-28404/28/2024
Rates Fringes
MARBLE/STONEMASON.....+++..0006$44.30 20.92
INCLUDING pointing, caulking and cleaning of All types of
masonry, brick, stone and cement EXCEPT pointing, caulking,
cleaning of existing masonry, brick, stone and cement
(restorationwork)

MARBO2@3-8604/28/2024
Rates Fringes
TERRAZZOWORKER/SETTER......$33.41 13.94

MARB@0@3-00704/28/2024
hitpsisam.goviwage-determination/DC20250002/1
1121/28,12:14PM SAMgov
Rates Fringes
TERRAZZOFINISHER. -$28.09 12.29

MARB@203-00804/28/2024
Rates Fringes
TILESETTER.

waveveesces$3342 13.94
MARB@@03-00904/28/2024
Rates Fringes
TILEFINISHER.
PAING@51-01406/01/2023
+++$28.09 12.29

Rates Fringes
GLAZIERGlazingContracts$2millionandunder.......++++$30.52 13.85GlazingContractsover$2million, $ 34.76 13.85

PAINO@S1~01506/01/2023
Rates Fringes
PAINTERBrush,Roller,SprayandDrywallFinisher $27.46 11.56

PLAS@891-@8507/01/2023
Rates Fringes
PLASTERER(IncludingFireproofing). ceeeeeeeeee$32.83 8.96
PLAS@891-0602/01/2024
Rates Fringes
CEMENTMASON/CONCRETEFINISHER...$30.25 13.60
PLUMe@eS-e188/01/2024
Rates Fringes
PLUMBER, seee$52.25 22.46+a

@.PAIDHOLIDAYS:LaborDay,Veterans’Day,ThanksgivingDayandthedayafterThanksgiving,ChristmasDay,NewYear'sDay,MartinLutherKing'sBirthday,MemorialDayandtheFourthofJuly.

PLUM@6@2-088@8/01/2024
Rates Fringes
PIPEFITTER,IncludesHVACPipeInstallation. ceeeees$52.27 23.79¢a

httpsilisam.goviwage-dotermination/0C20250002/1
1124125,12:14PM SAMgov
a.PAIDHOLIDAYS:NewYear'sDay,MartinLutherKing’sBirthday,MemorialDay,IndependenceDay,LaborDay,Veterans’Day,ThanksgivingDayandthedayafterThanksgivingandChristmasDay.

ROOF@830-01687/01/2024
Rates Fringes
seeeeeeeeeS34.76 14.91

SFDC0669-00204/01/2024
Rates Fringes
SPRINKLERFITTER(FireSprinklers)...
SHEEO1@0-01511/01/2023
vee$42.32 25.80

Rates Fringes
SHEETMETALWORKER(IncludingHVACDuctInstallation). -$47.92 22.7244
a.PAIDHOLIDAYS:NewYearsDay,MartinLutherKing'sBirthday,MemorialDay,IndependenceDay,LaborDay,VeteransDay,ThanksgivingDayandChristmasDay

* supc20e9-00305/19/2009
Rates Fringes
LABORER:CommonorGeneral......$13.04** 2.80

LABORER:MasonTender-Cement/Concrete.... -$15.40** 2.85

LABORER:MasonTenderforpointing,caulking,cleaningofexistingmasonry,brick,stoneandcementstructures(restorationwork); excludes
pointing,caulkingandcleaningofneworreplacementmasonry,brick,stoneandcement. -$ 11.67**
POINTER,CAULKER,CLEANER,Includespointing,caulking,cleaningofexistingmasonry,brick,stoneandcementstructures(restorationwork);excludespointing,caulking,cleaningofneworreplacementmasonry,brick,stoneorcement $ 18.88

WELDERS-Receiverateprescribedforcraftperformingoperationtowhichweldingisincidental.
hitpsiisam.goviwage-determination/0C20250002/1
1121125,12:14PM SAM.gov

**Workersinthisclassificationmaybeentitledtoa higherminimumwageunderExecutiveOrder14026($17.75)or13658($13.38).PleaseseetheNoteatthetopofthewagedeterminationformoreinformation.PleasealsonotethattheminimumwagerequirementsofExecutiveOrder14026arenotcurrentlybeingenforcedastoanycontractorsubcontracttowhichthestatesofTexas,Louisiana,orMississippi,includingtheiragencies,area party.
Note:ExecutiveOrder(£0)13706,EstablishingPaidSickLeaveforFederalContractorsappliestoallcontractssubjecttotheDavis-BaconActforwhichthecontractisawarded(andanysolicitationwasissued)onorafterJanuary1,2017.IfthiscontractiscoveredbytheEO,thecontractormustprovideemployeeswith1 hourofpaidsickleaveforevery30hourstheywork,upto56hoursofpaidsickleaveeachyear.Employeesmustbepermittedtousepaidsickleavefortheirownillness,injuryorotherhealth-relatedneeds,includingpreventivecare;toassista familymember(orpersonwhoislikefamilytotheemployee)whoisill,injured,orhasotherhealth-relatedneeds,includingpreventivecare;orforreasonsresultingfrom,ortoassista familymenber(orpersonwhoislikefamilytotheemployee)whoisa victimof,domesticviolence,sexualassault,orstalking.Additionalinformationoncontractorrequirementsandworkerprotectionsunderthe£0isavailableathttps://www.dol.gov/agencies/whd/government-contracts.
Unlistedclassificationsneededforworknotincludedwithinthescopeoftheclassificationslistedmaybeaddedafterawardonlyasprovidedinthelaborstandardscontractclauses(29CFR 5.5 (a) (1) (iii).

Thebodyofeachwagedeterminationliststheclassificationsandwageratesthathavebeenfoundtobeprevailingforthetype(s)ofconstructionandgeographicareacoveredbythewagedetermination.Theclassificationsarelistedinalphabeticalorderunderrateidentifiersindicatingwhethertheparticularrateisa unionrate(currentunionnegotiatedrate),a surveyrate,aweightedunionaveragerate,a stateadoptedrate,orasupplementalclassificationrate.
UnionRateIdentifiers
A four-letteridentifierbeginningwithcharactersotherthan“"su"",““UAVG"",?SA?,orPSC?denotesthata unionratewasprevailingforthatclassificationinthesurvey.Example:PLUM@198-00507/01/2624.PLUMisanidentifieroftheunionwhosecollectivelybargainedrateprevailedinthesurveyforthisclassification,whichinthisexamplewouldbePlumbers.@198indicatesthelocalunionnumberordistrictcouncilnumberwhereapplicable,i.e.,PlumbersLocal@198.Thenextnumber,@@5intheexample,isaninternalnumberusedinprocessingthewagedetermination.Thedate,07/01/2024intheexample,istheeffectivedateofthemostcurrentnegotiatedrate.

UnionprevailingwageratesareupdatedtoreflectallchangesovertimethatarereportedtoWHDintherates
bttpsi/lsam,goviwage-determination/DC20250002/1, 79
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inthecollectivebargainingagreement(CBA)governingtheclassification.
UnionAverageRateIdentifiers
‘TheUAVGidentifierindicatesthatnosinglerateprevailedforthoseclassifications,butthat100%ofthedatareportedfortheclassificationsreflectedunionrates.EXAMPLE:UAVG-0H-081001/01/2024.UAVGindicatesthattherateisaweightedunionaveragerate.OHindicatestheStateofOhio.Thenextnumber,8810intheexample,isaninternalnumberusedinproducingthewagedetermination.Thedate,01/81/2024intheexample,indicatesthedatethewagedeterminationwasupdatedtoreflectthemostcurrentunionaveragerate.
A UAVGratewillbeupdatedonceayear,usuallyinJanuary,toreflectaweightedaverageofthecurrentratesinthecollectivebargainingagreementsonwhichtherateisbased.
SurveyRateIdentifiers
The""su""identifierindicatesthateithera singlenon-unionrateprevailed(asdefinedin29CFR1.2)forthisclassificationinthesurveyorthattheratewasderivedbycomputinga weightedaverageratebasedonalltheratesreportedinthesurveyforthatclassification.Asaweightedaveragerateincludesallratesreportedinthesurvey,itmayincludebothunionandnon-unionrates.Example:SUFL2022-0076/27/2024.SUindicatestherateisa singlenon-unionprevailingrateora weightedaverageofsurveydataforthatclassification.FLindicatestheStateofFlorida.2022istheyearofthesurveyonwhichtheseclassificationsandratesarebased.Thenextnumber,@87intheexample,isaninternal.numberusedinproducingthewagedetermination.Thedate,6/27/2024intheexample,indicatesthesurveycompletiondatefortheclassificationsandratesunderthatidentifier.
?SU?wageratestypicallyremainineffectuntila newsurveyisconducted.However,theWageandHourDivision(WHD)hasthediscretiontoupdatesuchratesunder29CFR1.6(c)(1).
StateAdoptedRateIdentifiers
The“*SA""identifierindicatesthattheclassificationsandprevailingwageratessetbya state(orlocal)governmentwereadoptedunder29C.F.R1.3(g)-(h).Example:SAME2023-00701/03/2024.SAreflectsthattheratesarestateadopted.MEreferstotheStateofMaine.2023istheyearduringwhichthestatecompletedthesurveyonwhichthelistedclassificationsandratesarebased.Thenextnumber,@07intheexample,isaninternalnunberusedinproducingthewagedetermination.Thedate,@1/@3/2024intheexample,reflectsthedateonwhichtheclassificationsandratesunderthe?SA?identifiertookeffectunderstatelawinthestatefromwhichtherateswereadopted.

WAGEDETERMINATIONAPPEALSPROCESS
1)Hastherebeenaninitialdecisioninthematter?Thiscanbe:
a)a surveyunderlyinga wagedeterminationb)anexistingpublishedwagedetermination
hittps:/Isam,goviwage-determination/DC20250002/1 89
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¢)aninitialWHOlettersettingfortha positiononawagedeterminationmatterd)aninitialconformance(additionalclassificationandrate)determination
Onsurveyrelatedmatters,initialcontact,includingrequestsforsummariesofsurveys,shouldbedirectedtotheWHOBranchofWageSurveys.Requestscanbesubmittedviaemailtodavisbaconinfo@dol.govorbymailto:
BranchofWageSurveysWageandHourDivisionU.S.DepartmentofLabor200ConstitutionAvenue,N.W.Washington,DC20210
Regardinganyotherwagedeterminationmattersuchasconformancedecisions,requestsforinitialdecisionsshouldbedirectedtotheWHDBranchofConstructionWageDeterminations.RequestscanbesubmittedviaemailtoBCHD-Office@dol.govorbymailto:
BranchofConstructionWageDeterminationsWageandHourDivisionU.S.DepartmentofLabor200ConstitutionAvenue,N.W.Washington,OC20210
2)Ifaninitialdecisionhasbeenissued,thenanyinterestedparty(thoseaffectedbytheaction)thatdisagreeswiththedecisioncanrequestreviewandreconsiderationfromtheWageandHourAdministrator(See29CFRPart1.8and29CFRPart7).Requestsforreviewandreconsiderationcanbesubmittedviaemailtodba.reconsideration@dol.govorbymailto:

WageandHourAdministratorU.S.DepartmentofLabor200ConstitutionAvenue,N.W.Washington,DC20210
Therequestshouldbeaccompaniedbya fullstatementoftheinterestedparty'spositionandanyinformation(wagepaymentdata,projectdescription,areapracticematerial,etc.)thattherequestorconsidersrelevanttotheissue.
3)IfthedecisionoftheAdministratorisnotfavorable,aninterestedpartymayappealdirectlytotheAdministrativeReviewBoard(formerlytheWageAppealsBoard).Writeto:
AdministrativeReviewBoardU.S.DepartmentofLabor208ConstitutionAvenue,N.W.Washington,DC20210.

ENDOFGENERALDECISION"
hitps:isamgoviwage-determination/0C20250002/1 919
EXHIBIT F
SECTION 3 CONTRACT ADDENDUM
Fel
wake
ss.scoveanventoFrueGod ascareisus.SSS DCMURIEL BOWSER, MAYOR
Section 3 Opportunities Plan
and Certification
Purposeofthisform:
TheDepartmentofHousingandCommunityDevelopment(DHCD)requiresthisplanandcertificationfromthosewhoreceiveFederaland/orDistrictfundingforhousingprojectsover$200,000.Theplanoutlineshowjobsandothereconomicopportunitiesgeneratedbythesefundswillbedirectedtolow-andverylow-incomeresidentsandbusinessesthatprovidethemwithjobs,trainingandcontracts
DHCD and/orthedevelopermayalsorequireaSection3OpportunitiesPlanandCertificationfromthegeneral
contractor(GC)and/orsubcontractors.
PARTI:PROJECTINFORMATION|

2401 25th Street 2401 25th StreetLLC
Projectname Businessname -MichaelValazak 240-752-9250
Primarycontactname Phone
GrantiContact/LoanamountTBD +/-$18.1M sts\cost_TBD +/-$47.2M
(stop. tthecostofyourprojectisunder$200,000,theplanisnotrequired.VO
Pe
A.Section3requirements,Theprojectdeveloperwill:
1.Providemeaningfuljobsand/ortrainingfortheDistrict'sSection3residentswhoworkonthefundedprojectnamedinPart.
+Section3workerswillcompleteatleast25%oftheproject'stotallaborhours,
+TargetedSection3workerswillcompleteatleast5% ofthetotallaborhours,
2.ContractwithSection3businesseswhenpossible.
3.RequireallsubcontractorstosubmitaSection3OpportunitiesPlanandCertificationtoDHCD.
4,DocumenteffortsandactivitiesusedtofulfillSection3goals.
5.IncurallcostsrequiredtocomplywithSection3andDHCDrequirements.
B.DHCDrequirements.inadditiontoFederalSection3law,youmust:
1,_ IdentifyaSection3pointofcontactforeachplanorsubcontract,orrequiretheGCtodoso.
2. RequiretheGCtosubmitaSection3OpportunitiesPlanandCertification.
3. DocumentSection3workersbyhavingeachonecompleteaDHCDSection3ResidentWorksheet
C.Fordetails:Section3oftheHousingandUrbanDevelopmentActof1968(12USC.170lu)(24CFApart75)

Tisroplacespreviousversionsofthisfom.RisnotbechangeswithoutDHCDpemisson1 evsioneat:Api2022
4,Maintainrecords(correspondence,memosetc)todocumentyourprocessandactivities.Theymustshowhowyou
encouragedresidentsandbusinessestotakeadvantageofyourproject'sSection3jobtraining,employmentand
contractingopportunities

5,SubmitquarterlyreportstoDHCDwithalistofallsubcontractsandpositionsfilledduringthereportingperiod
6.AllowDHCDtomonitoryourprojectorprogramforcompliance,andacceptpenaltiesfornoncompliance,ifnecessary.
PERE)
Usethespacebelowtodescribehowyou'llachieveyourSection3goals.BesuretoidentifyanyofthePart2requirements
thatyouwon'tmeetandexplainwhy.Providespecificsonhowandwhenyou'llhireSection3residentsand/orcontract
withSection3businesses.Ifyouthavemultiplesubcontractors,identifywho/whattheywillbe.
TheSection3BestPracticesattheendofthisdocumentandtheappendixtotheCodeofFederalRegulations(24CFR75)provideinformationthatmayhelpwithyourplan.
Owner/DeveloperSection3
MillerHousing LLC and Justice Housing, Inc.(“Developers”), intend to develop and delivera 100%
affordable senior housing residentialbuildingcontaining 67 units.To construct the building,
Developers intend to contract with Miller-McCullough Construction, LLC ("MMC") as general
contractor for the project.MMC willmanage and oversee the bidding and hiringprocess for
constructionoftheproject.
+ToensurecompliancewiththeDCHD requirementsassociatedwiththisproject,DeveloperswillrequireGC tosubmitSection3Opps/Certsinallsubcontracts.
*DevelopersandMMC willworkcloselytogetherwithlocalANC,Councilmembersoffice,localcommunityorganizationstoinformofhiring,trainingandsubcontractingopportunitiesassociatedwiththeproject+Developers’strongrelationshipswiththeGC providesreliableandconsistentcommunicationtotracksubcontractingandhiringgoals.+Developers/MMChavehiredacompliancemonitortoensurereliableandconsistentoversighttotracksubcontractingandhiringgoalsandsubmissionsofrequiredQuarterlySection3HoursandActivitiesreports.
MMC,throughMcCulloughConstruction,LLC(Member)hasaprovenhistoryofcomplyingorprovidingGoodFaithEffortswithSection3onnumerousdevelopmentsaroundthecountry.McCulloughConstructionLLChasworkedcloselywithcities,localworkforceaffiliationsandgoverningbodiestomeetand/orcomplyorprovideGoodFaithEffortswithprojects’Section3goals.

TlptocspreviousversionsofthefrmtrottobechangedwithoutDCDpermission,2 visoneae:Ap2022
CG re)aN ae Tees
|certifythat|have read,understand and willcomply with my obligationsunder Section3 (in24 CFR 75) and inaccordance
with DHCD's Section3 requirements.|understand thatDHCD:
+Canconsidermenon-compliantif!don'tmakebonafideattemptstocomplywiththeplanouttinedinPart3.
+Mayrelyonthiscertificationwhenitreviewsandapprovesmyfundingproposals.
+Couldpenalizemeif|misrepresentinformationorfailtocomplywithconditionsofthiscertification,Penalties
canincludetemporaryorpermanentexclusionfromallDHCDadministeredprograms.
Vili MichaelValazak,CFO-MillerHousing,LLC 12/10/2024
Recipient/Developersignature Date(mm/dd/yy)

ft a J.R.Russell,VP, McCullough Construction,LLC 12/10/24
Generalcontractor/Subcontractorsignature Date(mm/dd/yy)
Usethisemailopm.questions@de.govtosendyoursignedanddatedplantoDHCD's
Section3CoordinatorOfficeofProgramMoni

ing,FairHousingDivision
‘onyourfamilystatus,8x,sexualorgenderidentilyorexpression,Whereyouive,whatyoudoforwork,youreducationoryourpoiicalbeliefsdontatfcthowwetrotyouThisIsalsotrueforvitimsofthreatsoreimesbysomeoneyou'rreltedtobyblood,adoption,custodyormarrageorsomeoneyouvewithorshareachildwith,Wedoatallowharassmentardiscriminationofanykindbasedonthesedifrences.Wewildiscipinevoltos,
f DHCDtreatseveryonethesame,Wedon'tlookatrace,ethnicity,religionorwhereyouwerebor,Wedonttestyoudiferentlybased
™

TusrepcespreviousversionsolthisformenotebechangedwithoutDHCDpermieion. evisonate

:GOVERNMENTOFTHEDISTRICTOFCOLUMBIAMURIEL BOWSER, MAYOR

Section 3 Best Practices
Thisinformationisforyouonly.DonotreturnittoDHCD,ItincludesstepsyoucantaketomakeSection3workersandbusinessesawareofopportunities.Italsohastipsforcompletingyouractionplan.Besureyourplanoutlinesthestepsyou
willtaketouseSection3residentsorbusinesses.Ifyouaren'tusingthem,explainwhy.
TacticsforreachingSection3workersandbusinesses‘WerecommendthatyouappointacompanyoragencyexecutiveasEqualOpportunityOfficer.Theyimplementandcoordinate
allSection3activitiestomaximizeopportunitiesandensurecompliancewithFederalandlocalSection3requirements.

HiringtacticsforSection3workers
1.Advertisejobsandtrainingprogramsinmediathatreachthegeneralpublic,Section3audiences,minorities
and/orwomen,
2,TargetYouthBuildprogramsthatprovidedisadvantagedyouthwithopportunitiesforemployment,education,leadership
developmentandtraining.
3,Postsignsatprojectsitesandsendjobsandtrainingnoticestoresidentsintheneighborhoodorservicearea.Listspecific
opportunitiesthey'elikelytosucceedat.
4,Requiretheminimumjobqualificationsforyourjobdescriptions.
55.Askresidentcouncilsandcommunityorganizationstohelpyouidentifyandnotifyresidentswhoresideinyourprojector
itsservicearea.
ContractingtacticsforSection3certifiedbusinesses
1.Coordinatepre-bidmeetingswithlocalsubcontractorsintheprojectarea.
2.Advertisecontractingopportunitiesincommunitypublicationsandwithcommunityorganizations,
3,RequiresubcontractorsyouworkwithregularlytobecomeSection3certified.
4,Createjointventureagreementsorsecurecontractswithnegotiationsinsteadofbids
5,IncludeyourSection3planinyourbiddocumentsorcontractsolicitations.
6.Helpeligiblebusinessesmeetinsurance,bondingandothercontractingrequirements.
7.WorkwiththeChamberofCommerceSmallBusinessServiceCentertohelpSection3businesseswiththeirprofilesand
otheradministrativeactivities.
TipsforyouractionplanIncludethewho,what,when,whereandhowofyourpiantosolicitandhireSection3residentsandbusinesses.Answerkey
questionsandtellhowyou'lfollowthehiringandcontractingpreferencesrequiredbyDHCD.

A.Hiring
Preferencesand priorities
EmploymentandTrainingPreferences
Torityx= | WorkerswithincomebelowHUD establishedannualincomemt forthepreviousorannualizedPriority calendaryear
Priority2: |WorkersemployedbyaSection3business
Priority3: |WorkersparticipatinginYouthBuild
Priority4: |OtherSection3residents
“HomelesspeoplelivingintheSection3projectneighborhoodorserviceareahavetoppriortyforprojectsassistedbythe
StewartB.McKinneyHomelessAssistanceAct.

ThsrepospreviousversioneofthisormienattobechangedwithoutDHCDpermission4 ovsoneae:Api2022
Keyquestions
1.Whendoyouanticipatehiring?
2.WhereandwhenwillyouadvertisetheSection3jobs-outsideoftheDistrict'sDepartmentofEmploymentServices
(DOES)?Listthepublicationsanddates.
3.fyouholdajobfair,whenandwherewillitbe?Howwillyoumarketit?
4,Whatcommunityorganizationswillyoucontactforhelpfindingapplicants?Listtheirnames.
B.ContractingPreferencesandpriorities
ContractingPreferences
Priority1:|51%ormoreownedandcontrolledbylow-orverylow-incomepeople
Priority2:| 75%ormoreofthebusiness’laborhoursintheprior3 monthsareperformedbySection3workers
Priority3:| 51%ormoreownedandcontrolledbyresident

ivinginpublicorSection8-asistedhousing
Keyquestions
1.WhenwilltheGCputtheworkouttobid?
2.WhatmarketingoroutreachwillyouortheGCusetotargetbusinessesthatareormightqualifyasSection3certified?Describewhattheyareandwhentheywilloccur.
3.Describehowyou'llbreakuptheSection3contracting-howmuchgoestohousingandbuildingtradesworkandhow‘muchtoothertypesofcontracts?
‘4,WhatwillyouorthedeveloperdotoensurethattheGCyouhireiscomplyingwithSection3?

ThisreplecespreviousversionselthisformhienotabechangedwithoutDHCDpermission Revisiondate:Ape2022
EXHIBIT G
DEVELOPMENT TEAM DEBARMEN

[Attached]
AFFIDAVITREGARDINGDEBARMENT,
1,CarolL.Noland,herebyattestthatallmembersofthedevelopmentteam,who atelistedbelow,arenotlistedintheListofPartiesExcluded
fromFedeyAlProcurementorNon-ProcurementPrograms.

DEVELOPMENTTEAM
Developer: 240125"StreetLLC (MillerGroup& JusticeHousingInc.)
Consultant(s):EquityPlus,LLC
ManagementAgent:EGPS
Attomey: KleinHornig
Engineer(s): (UnderArchitect)
Architect(s):TortiGallasUrban
GeneralContractor:McCullough
Other(s): NA
|furtherattestthatnoprincipal,majorstockholder,officer,ordirectorofadevelopmentteammemberisdebarredfromparticipatinginafederalprocurementornon-procurementprogram.
240125"StreetPartnersLLC,
DistrictofColumbialimitedpartnership
By: 25"StreetPartnersLIC,aDistrictofColumbialimitedliabilitycompany

By: JHIWagnerLLc,aDistrictofColumbialimitedliabilitycompany
By: JusticeHousingIne.,‘anOhionon-profitcorporation,itssolemember
By: “Name: CarolLNTitle:President
‘SwomandsubscribedtobefgcemethisNotaryPubli(Seal) AA

ayofDeter 2024

NEILA ORLOFSKE
MyCommisionExpies10712026
EXHIBIT H
INSURANCE REQUIREMENTS
A. GENERAL REQUIREMENTS. The Borrower at itssole expense shallprocure and
maintain,duringtheentireperiodofperformanceunderthiscontract,thetypesofinsurancespecifiedbelow. The Borrower shallsubmit a Certificateof Insuranceto theContracting.
Officer(CO)givingevidenceoftherequiredcoveragepriortocommencingperformanceunderthiscontract.InnoeventshallanyworkbeperformeduntiltherequiredCertificates
ofInsurancesignedbyanauthorizedrepresentativeoftheinsurer(s)havebeenprovidedto,andacceptedby,theCO.
IftheBorrowerand/oritssubcontractorsmaintainbroadercoverageand/orhigherlimitsthantheminimumsshownbelow,theDistrictrequiresandshallbeentitledtothebroadercoverageand/orthehigherlimitsmaintainedbytheBorrowerandsubcontractors.
B. INSURANCE REQUIREMENTS
1,CommercialGeneralLiabilityInsurance(“CGL”)-TheBorrowershallprovideevidencesatisfactorytotheCO withrespecttotheservicesperformedthatitcarriesaCGLpolicy,writtenonanoccurrence(notclaims-made)basis,onInsuranceServicesOffice,Inc.(“ISO”)formCG00010413(oranotheroccurrence-basedformwithcoverageatleastasbroadandapprovedbytheCO inwriting),coveringliabilityforallongoingandcompletedoperationsoftheBorrowerandunderallsubcontracts,coveringclaimsforbodilyinjury,includingwithoutlimitationsickness,diseaseordeathandmentalanguishofanypersons,broadformpropertydamage,includinglossofuseresultingtherefrom,personalandadvertisinginjury,andincludingcoverageforliabilityarisingoutofan InsuredContract(includingthetortliabilityofanotherassumedinacontract)andactsofterrorism(whethercausedbyaforeignordomesticsource).Suchcoverageshallhavelimitsofliabilityofnotlessthan$1,000,000foreachoccurrence,$2,000,000generalaggregate,$2,000,000productsandcompletedoperationsaggregate,and$1,000,000personalandadvertisinginjuryaggregatelimit.

The Commercial GeneralLiabilityshallbe furtherendorsedto:
a)Tothefullestextentpermittedbylaw,provideadditionalinsuredcoverage
usingISOformCG 20100413andCG20370413(oritsequivalent)toTheGovernmentoftheDistrictofColumbia
Hel
b)Coverageavailabletotheadditionalinsuredsshallapplyonaprimaryandnon-contributingbasisasrespectsanyotherinsurance,deductibles,orself-insuranceavailabletotheadditionalinsureds
c) A waiver of subrogationin favor of The Government of the Districtof
Columbia
d)AnyAnnualAggregateshallapplyonaperlocationorperprojectbasis
e) Defensecostsshallbe inadditiontoand noterodethe limitsofliability
2. Automobile LiabilityInsurance-The Borrower shallprovideevidence satisfactoryto the
CO ofcommercial(business)automobileliabilityinsurancewrittenonISOformCA 0001 1013(oranotherformwithcoverageatleastasbroadandapprovedbytheCO in
writing)includingcoverageforallowned,hired,borrowedandnon-ownedvehiclesandequipmentusedbytheBorrowerinconnectionwithworkunderthisagreement,witha1m combinedsinglelimitof$1,000,000.Suchpolicyorpoliciesofautomobileliabilityinsuranceshallbewrittenonan"occurrence"(asopposedtoa"claimsmade")basis.

The Commercial Auto Liabilitypolicyshallbe furtherendorsedto:
a)Tothefullestextentpermittedbylaw,provideadditionalinsuredcoveragetoThe Government ofthe Districtof Columbia
b)Coverageavailabletotheadditionalinsuredsshallapplyonaprimaryandnon-contributingbasisasrespectsanyotherinsurance,deductibles,orself-insurance
availabletothe additionalinsureds

c) A waiverofsubrogationinfavorofThe GovernmentoftheDistrictof
Columbia
d) Defensecostsshallbeinadditiontoandnoterodethelimitsofliability
©)Ifapplicable,includeFormCA 99480306PollutionLiability-BroadenedCoverage forCovered Autos - Business Auto, Motor Carrier,and Truckers (or
itsequivalent)
f)MovingandStorageCompaniesshallberequiredtoprovideevidenceofBMC91
orBMC91Xfiling
ForBorrowersprovidingtransportation:
Borrowersprovidingtransportationmustadditionallycomplywiththefollowing:
H-2
a)OperatorsholdingarestrictedWMATC CertificateofAuthoritymusthaveasinglelimitof $1.5millionincombined(bodilyinjuryandphysicaldamage)coverage,or
b)OperatorsholdinganunrestrictedWMATC CertificateofAuthoritymusthaveasinglelimitof$5Mincombined(bodilyinjuryandphysicaldamage)coverage.

Inaddition,bothtypesofWMATC certificateholdersmusthaveinplacethefollowing
LicensingRequirementsasapplicable:

a) Commercial Driver’sLicense(CDL) withthefollowingendorsement
i)P(Passenger):AlldriversMUST haveaPendorsementenablingthemtotransportpassengers
(16ormore).

)S(SchoolBus):Alldriversoperatingschoolbuses(flashinglights,swingarmw/stopsign)must
alsohaveanSendorsement.Pleasenotethatdrivercredentialsforanyvehiclesthatareconverted
schoolbusesmusthaveS.
b)Valid(unexpired)US DepartmentofTransportationMedicalExaminerCertification(“MedicalCard”).
ForBorrowersusingDistrictGovernment-OwnedVehicles:
AgenciesthatprovideBorrowerswithDistrictGovernment-ownedorleasedmotorvehiclesareresponsibleforensuringthatsuchvehiclesareusedonlyfortheperformanceofcontract.Borrowerisprohibitedfromusingsuchvehiclesforhome-to-worktransportationunlessspecificallyprovidedforunderthetermsofthecontractandapprovedinwritingbytheContractingOfficer,orotherwiseprovidedbylaw.Borrowershallobtainautomobileliabilityinsurancewithaminimumcombinedsinglelimitof$1,000,000tocoverbodilyinjuryandpropertydamagetoprotecttheBorrowerandthegovernmentagainstthird-partyclaimsarisingfromtheuseofDistrictGovernment-ownedvehicles.TheCommercialAutoLiabilityPolicyshallbeendorsedtoinclude:

a)Tothefullestextentpermittedbylaw,provideadditional‘TheGovernmentoftheDistrictofColumbii uredcoverageto

b)Coverageavailabletotheadditionalinsuredsshallapplyonaprimaryandnon-
contributingbasisasrespectsanyotherinsurance,deductibles,orself-insurance
availabletotheadditionalinsureds;and

c) A waiver of subrogationin favor of The Government of the Districtof
Columbia.
Intheeventofloss,destruction,ordamagetoanygovernment-ownedvehiclesusedintheperformanceofcontact,Borrowershallbeliableforfullcostofrepairorreplacementoflost,destroyed,ordamagedvehicle.
H-3
3. Workers’ Compensation Insurance- The Borrower shallprovideevidencesatisfactoryto
theCO of Workers’Compensation insuranceinaccordancewiththestatutorymandatesof
theDistrictofColumbia orthejurisdictioninwhich thecontractisperformed.

Employer'sLiabilityInsurance-TheBorrowershallprovideevidencesatisfactorytotheCOof employer'sliabilityinsuranceasfollows:$500,000peraccidentforinjury:$500,000peremployeefordisease;and$500,000forpolicydiseaselimit.
The Workers Compensationand Employers Liabilityshallbe furtherendorsedto:
a) IncludeaWaiverof SubrogationinfavorofTheGovernmentofthe Districtof
Columbia.
b)Whereapplicable,includeUnitedStatesLongshoreandHarborWorkersCompensationAct(USL&H)
©)Whereapplicable,includeJonesActCoverageforseamenorcrewmembersonan“ifany”basis.
4,NetworkSecurity/Privacy(Cyber)LiabilityInsurancecoveringacts,errors,omissions,and
violationofanyconsumerprotectionlawsarisingoutofBorrower'soperationsorserviceswithalimitof$2,000,000perclaimandintheaggregate.Suchcoverageshallincludebut
notbelimitedto,thirdpartyandfirstpartycoverageforlossordisclosureofanydata,includingpersonallyidentifiableinformationandpaymentcardinformation,network
securityfailure,violationofanyconsumerprotectionlaws,unauthorizedaccessand/oruseorotherintrusions,infringementofanyintellectualpropertyrights(exceptpatent),negligenceorbreachofdutytousereasonablecare,breachofanydutyofconfidentiality,
invasionofprivacy,orviolationsofanyotherlegalprotectionsforpersonalinformation,defamation,libel,slander,commercialdisparagement,negligenttransmissionofcomputer
virus,oruseofcomputernetworksinconnectionwithdenialofserviceattacks,Such
coverageshallincluderegulatorydefenseandfines/penaltiesinanyjurisdictionanywhereintheworld,SuchcoverageshallincludecontractualprivacycoveragefordatabreachresponseandcrisismanagementcoststhatwouldbeincurredbyBorroweronbehalfof
‘TheGovernmentoftheDistrictofColumbiaintheeventofa databreachincludinglegalandforensicexpenses,notificationcosts,creditmonitoringcosts,andcoststooperatea
callcenter.BorrowershallmaintaincoverageinforceduringthetermofthisAgreementandforanextendedreportingperiodofnotlessthantwo(2)yearsafter.

5. Reserved.

6. Commercial Umbrella or Excess Liability- The Borrower shallprovide evidence
satisfactorytotheCO ofcommercialumbrellawithminimumlimitsof$4,000,000per
H-4
occurrenceand$4,000,000intheannualaggregate,Coveragemustexcessofrequiredcommercialgeneralliability,commercialautoliability,andemployers’liability.Theinsurancerequiredunderthisparagraphshallbewritteninaformthatannuallyreinstatesallrequiredlimits.Coverageshallbeprimarytoanyinsurance,self-insuranceorreinsurancemaintainedbyTheGovernmentoftheDistrictofColumbiaandthe“otherinsurance”provisionmustbeamendedinaccordancewiththisrequirementandprinciplesof verticalexhaustion.
Reserved.
TheBorroweralsomustfurnishtotheCO Ownercertificatesofinsuranceevidencingenvironmentalliabilityinsurancemaintainedbythirdpartytransportationanddisposalsiteoperators(s)usedbytheBorrowerforlossesarisingfromfacility(ies)accepting,storingordisposinghazardousmaterialsorotherwasteasaresultoftheBorrower'soperations.Suchcoveragesmustbemaintainedwithlimitsofatleasttheamountssetforthabove.
‘TheEnvironmentalLiabilitypolicyshallbefurtherendorsedtoincludeTheGovernmentoftheDistrictofColumbiaasanAdditionalInsured.
Installation-FloaterInsurance- Forprojectsnotinvolvingstructuralalterations,theBorrowershallprovideaninstallationfloaterpolicywithalimitequaltothePropertyvaluesbeinginstalledaspartoftheproject.Thepolicyshallcoverpropertywhilelocatedattheprojectsite,attemporarylocations,orintransit;deductibleswillbethesoleresponsibilityoftheBorrower.

ConstructionProjectsforBorrowerProvidedBuilder’sRisk
BuildersRisk—TheBorrowershallpurchaseandmaintainbuildersriskinsuranceat100%replacementcostupontheentireWorkatthesiteandportionsoftheWorkstoredoffthesitewiththeBorrower'sapproval,andcontingenttransitcoverageforportionsoftheWorktransit.ThisinsuranceshallincludetheinterestsoftheDistrict,theBorrowerandtheSubcontractorsintheWorkandshallinsureagainstallriskofphysicaldamagesubjecttostandardexclusions.LossesnotcoveredbytheBorrower'sinsuranceshallbebornepursuanttotheprovisionsoftheContract.Thebuildersriskpolicywillhaveadeductibleofnotmorethan$50,0000.LosseswithinthedeductiblewillbepaidbytheBorrowerortheresponsibleSubcontractor.Ifnotcoveredunderthebuilder'sriskinsuranceorotherwiseprovidedintheContractDocuments,theBorrowershalleffectandmaintainsimilarpropertyinsuranceonportionsoftheWorkstoredoffthesiteorintransit

H-5
C. SUBCONTRACTOR INSURANCE REQUIREMENTS,
AnyandallsubcontractorsengagedbyBorrowerforworkunderthisagreementshallberequiredtohavethesameinsuredrequiredofBorrower.ShouldtheBorrowerwishtoproposedifferentinsurancerequirementsthanoutlinedabove,then,priortocommencementofworkbythesubcontractor,theBorrowershallsubmitinwritingthenameandbriefdescriptionofworktobeperformedbythesubcontractorontheSubcontractorsInsuranceRequirementTemplateprovidedtotheOfficeofRiskManagement(ORM).ORM willdeterminetheinsurancerequirementsapplicabletothesubcontractorandpromptlydeliversuchrequirementsinwritingtotheBorrower.Ineitherinstance,theBorrowermustprovideproofofthesubcontractor’srequiredinsuranceprior1 commencementofworkbythesubcontractor.

D. PRIMARY AND NONCONTRIBUTORY INSURANCE,
The insurancerequiredhereinshallbe primarytoand willnotseekcontributionfromany
other insurance,reinsuranceor self-insuranceincludingany deductibleor retention,
maintainedby theGovernmentof the Districtof Columbia.

E. DURATION. The Borrower shallcarry allrequiredinsuranceuntilallcontractwork is
acceptedbyTheGovernmentoftheDistrictofColumbiaandshallcarrylistedcoveragesfortenyearsforconstructionprojectsfollowingfinalacceptanceoftheworkperformedunderthiscontractandtwoyearsfornon-constructionrelatedcontracts.
F. LIABILITY. These arethe requiredminimum insurancerequirementsestablishedby The
GovernmentoftheDistrictofColumbia,However,itisunderstoodthatTheGovernmentoftheDistrictofColumbiadoesnotinanywayrepresentthattheinsuranceorthe limitsofinsurancespecifiedhereinaresufficientoradequatetoprotectyourinterestsorliabilitiesandwillnotinanywaylimittheBorrower'sliabilityunderthiscontract.

G.BORROWER'SPROPERTY.Borrowerandsubcontractorsaresolelyresponsibleforanylossordamagetotheirpersonalproperty,includingbutnotlimitedtotoolsandequipment,scaffolding,andtemporarystructures,rentedmachinery,orownedandleasedequipment.‘AwaiverofsubrogationshallapplyinfavorofTheGovernmentoftheDistrictofColumbia.
H-6
H. Measure of Payment. The Government of the Districtof Columbia shallnot make any
separatemeasureorpaymentforthecostofinsuranceandbonds.TheBorrowershallincludeallthecostsofinsuranceandbondsinthecontractprice.
I. NOTIFICATION. The Borrower shallensure thatallpoliciesprovidethatthe CO shall
begiventhirty(30)dayspriorwrittennoticeintheeventofcancellation,non-renewal,ormaterialchanges totheextentsuch cancellationor materialchanges resultsinBorrower no
longcomplyingwiththeaboverequirements.TheBorrowershallprovidetheCOwithten(10)days’priorwrittennoticeintheeventofnon-paymentofpremium.TheBorrowerwillalsoprovidetheCOwithanupdatedCertificateofInsuranceshoulditsinsurancecoveragesrenewduringthecontract.TheGovernmentoftheDistrictofColumbiamayreasonablychangetheaboveinsurancecoveragerequirementsduringtheTermbygivingBorrowerat
least30days’noticeofthechange.Borrowermustcomply,atyourexpense,anddelivertotheCOevidenceofcompliancebeforethechangebecomeseffective.

J. CERTIFICATES OF INSURANCE. The Borrower must send toCO, atleast10 days after
executionofthisAgreement,certificatesofinsuranceevidencingtherequiredinsurancecoverageandendorsementsrequiredherein.Borrowermustalsoprovideuswithevidenceofrenewalbeforetheexpirationdateofeachinsurancepolicy.Borrowerisresponsibleforprovidinguswith30daysadvancedwrittennoticeifthecertificateofinsurancebytheinsurerhasbeencanceled,reducedincoverage,orotherwisealtered.Certificatesofinsurancemustreferencethecorrespondingcontractnumber.Evidenceofinsuranceshallbesubmittedto:

‘TheGovernmentoftheDistrictofColumbia
Andmailedtotheattentionof:
LisaWilliams
1909MartinLutherKing,Jr.,Avenue,SE
Washington,DC 20020
(p)202-442-7250
lisa.williamsl@de.gov

TheCO mayrequest,andtheBorrowershallpromptlydeliverupdatedcertificatesofinsurance,endorsementsindicatingtherequiredcoverages,and/orcertifiedcopiesofthe
H-7
insurancepolicies.IftheinsuranceinitiallyobtainedbytheBorrowerexpirespriortocompletionofthecontract,renewalcertificatesofinsuranceandadditionalinsuredandotherendorsementsshallbefurnishedtotheCOpriortothedateofexpirationofallsuchinitialinsurance.Forallcoveragerequiredtobemaintainedaftercompletion,anadditionalcertificateofinsuranceevidencingsuchcoverageshallbesubmittedtotheCOonanannualbasisasthecoverageisrenewed(orreplaced).
DISCLOSUREOF INFORMATION.TheBorroweragreesthatTheGovernmentoftheDistrictofColumbiamaydisclosethenameandcontactinformationofitsinsurerstoanythirdpartywhichpresentsaclaimagainstTheGovernmentoftheDistrictofColumbiaforanydamagesorclaimsresultingfromorarisingoutofwork performedbytheBorrower,
itsagents,employees,servantsorsubcontractorsintheperformanceofthiscontract.
CARRIERRATINGS.AllBorrower'sanditssubcontractors’insurancerequiredinconnectionwiththiscontractshallbewrittenbyinsurancecompanieswithanA.M.BestInsuranceGuideratingofat leastA-VIIorbetter(ortheequivalentbyanyotherratingagency)andlicensedintheDistrictofColumbia.

|.WARRANTIES. When applicable,theBorrowershouldbe named asan additionalinsured
ontheapplicablemanufacturer’s/distributer’sCommercialGeneralLiabilitypolicyusingInsuranceServicesOffice,Inc.(“ISO”)formCG20150413(oranotheroccurrence-basedformwithcoverageatleastasbroad).COshouldcollect,reviewforaccuracy,andmaintainallwarrantiesforgoodsandservices.
H-8
EXHIBIT1
CERTIFICATION OF BORROWER’S REPRESENTATIONS AND WARRANTIES
[Attached]
Jl
CERTIFICATIONOF BORROWER'S REPRESENTATIONSAND WARRANTIES
BorrowerherebycertifiestoLenderthat:
(a) Theamountsrequestedweremade,incurredorfinancedandwerenecessaryfortheProjectandweremadeor incurredinaccordancewiththeConstructionDrawScheduleheretoforeineffectorpursuanttoaChangeOrderthathasbeenapprovedin accordancewiththeLoanAgreement.

(b) TheamountsrequestedarenotgreaterthanthosenecessarytomeetobligationsdueandpayableortoreimbursetheBorrowerforitsfundsactuallyadvancedforcostsoftheProject,ifapplicable.
(©) NoamountforwhichdisbursementissoughtformedthebasisforanypriordisbursementandnodisbursementissoughtforanyitemsrepresentingpaymentonaccountofanypercentageentitledtoberetainedatthedateofthisPaymentRequest.
(4)__TheamountsremainingtobedisbursedpriortotheFinalDisbursementfromtheLoan,theSeniorLoan,SubordinateLoan,taxcreditequity,andallothersourcesshowninintheProjectBudget,willbesufficienttopaythecostsofcompletingtheProjectasandwhendueandpayable.
(©) BorroweracknowledgesthatexceptasexpresslysetforthintheLoanAgreement,noparty
shallhaveanydutyorobligationtoverifythevalidity,sufficiencyorgenuinenessofanydocumentsubmittedorconfirmorestablishtheauthorityoridentityofthepersonsendingthisrequest,andmayrelyuponthevalidityofanydocumentandtheauthorityandidentityofanysuchpersonifLendercomplieswiththeapplicableloanagreement.LendershallnotberesponsibleforerrorsoromissionsmadebytheBorrowerortheduplicationof anycommunicationbytheBorrowerandmayactonanycommunicationbyreference
to an account number only, even if an account name is provided. Borrower shall be notifiedif a
communicationisnotacteduponforanyreason.

() Thereis nocurrentorexistingEventof Defaultpursuantto thetermsof anyof theLoan
Documents,andtoBorrower'sknowledgenoeventexistswhichbynoticeorpassageoftimeorbothwouldconstituteanEventofDefaultunderanyoftheforegoingdocuments.

(2) NorepresentationorwarrantyoftheBorrowercontainedinanyoftheLoanDocumentsisincorrectorinaccurateinanymaterialrespect.

(i) ExceptforPermittedEncumbrances(asdefinedintheDeedofTrust)andthoseotherwisepermittedorprovidedforbytheLoanDocuments,therehasbeennonoticereceived(i)ofanylien,righttolienorattachmentupon,orclaimaffectingtherightofthepayeetoreceivepaymentof,anyofthemoneyspayableundersuchPaymentRequesttoanyofthepersons,firmsorcorporationsnamedtherein,and(ithatanymaterials,suppliesorequipmentcoveredbysuchPaymentRequestaresubjecttoanylienorsecurityinterest,orifanynoticeofanysuchlien,attachment,claimorsecurityinteresthasbeenreceived,suchlien,attachment,claimorsecurityinteresthasbeenreleased,discharged,insuredorbondedoverorwillbereleased,discharged,insuredorbondedoveruponpaymentofthisPaymentRequest.

() AllconditionsprecedentfordisbursementssetforthinSection4.5andforFinalSection4.7aresatisfied,includingwithoutlimitationdeliverytoLenderofanywaiversandlienreleasesrequiredbySection4.5.6oftheLoanAgreement,

()___Thisstatementandallexhibitshereto,shallbeconclusiveevidenceofthefactsandstatementssetforthhereinandshallconstitutefullwarrant,protectionandauthoritytoLenderforitsactionstakenpursuanthereto,
(k) AttachedtothisPaymentRequestarecopiesofinvoicesorbillsofsalecoveringallitemsforwhichpaymentisbeingrequested.
(All capitalizedtermsthatarenotdefinedwithinthisCertificationshallhavethemeaningsetforthintheLoanAgreement.
[remainderofpageintentionallyblank;signaturepagefollows]
240125THSTREET LLC,
aDistrictofColumbialimitedliabilitycompany
By: 25thStreetPartnersLLC,
tofColumbiali
itsmanagingmember
By:— JHIWagnerLLC,
aDistrictofColumbialimitedliabilitycompany,itsmanagingmember
By: JusticeHousingInc.,
anOhionon-profitcorporation,
itssolemember
By:
Name:CarolNoland
Title:President

EXHIBITJ
FORM OF FINAL LOAN
REDUCTION CERTIFICATE
[Attached]
J2
LOANREDUCTIONCERTIFICATE
InccordancewithplicablerogramRequzementsandpursuantthetermsoftheAgremetdated2001,byanbetweentheDiscofColumb,amanicipalearporation,etingbyandtroughtheD..DepartmenofHousingndCommunityDevelopment(Leneand[BORROWERNAME]("Bomtowe")
‘A.LendermadealanotheBorrowerintotalprincipalamountotoexceed[LOANAMOUNT]and00/100Dollar(the“Loan”,theproceedsofwhichweretobesedbytheBorrowertohelpfinancethereductionof[NUMBEROFUNITS)affordablerentalhowingunset[PROJECTADDRESS](te“Projec,alsosowna20000"),and
‘Onorpirtotheninetct(90)dyafertheBorrowerrecievestheUnitedStatesDepartmentoftheTreasIntelRevenueServiceLow-incomeHoangCreitAllocationandCrain (Frm8609),the‘BorrowerisreqitedwoprovidetheLenderwithaLoanRedonCertifiespreparedandexceedbyto‘Borrower,ceifyingtheetamountofteExcessProceedsavailablefromthePoetthawilbeduewthe‘Lender(FinalLoanReductionCalculation"),pursuanttoSection(0oftheAgreement,
ForthepurposesofthisLounReductionCertificate,theterm“ExcessProcoede”means:
(9ThesumofalfundstatweresedfratemporaypurpoeotheextenttauchfundsareorwilbesubsequentretuedtoBorower(he“ReturnedFunds”os‘morepaiculrlydescribedanddefinedinSeton1(QB.oftheApreemend,
(@)PLUSthentreductionintalcostshownintheProjectBudgetduourspentcontingencyfds,unspentshort-termeservesoroterbudgetsavings(the"CotSavingsasdefinedinSeton(DboftheAgreement),
(©)PLUSanyincreaseioFundingtaicommitedtotheProjectafertheCosngDateoveandabovethefundingsuresshownontheProjectBude(he“creasedSources"asmoreparticudescribedanddefinedinSecvonKboftheAgreement),
(4)ForanExcessProcedstotalingtheflowing:
‘TheFinalLoonReductionCalculationduotheLeerequalsthesumof100%oftheReturnedFunds,50%oftheCostSavings,and0%oftheInezeasdSources,fortotalof

‘TheLenderRetunagetatremainsundsbursedequals:
‘TheamountoftheFinalLoanReductionCalculationpayabletoLenderaftersubtactingreining‘LenderRetinage,ifapplicableandapprovedperSectionI()oftheAtzeement,issfllowe:

‘TheFreiinaryLoanRedactionCalculationshallbepreparedandupdatedpursuanttoSection(9oftheAgreementCCpitalietermswedhereinandnototherwisedefinedhereinshallhvehemeaningsasritedthetinbeAgpeement.
‘Theudersignahereby()cetifisthattheBorrowerhasexaminedtheinformationincludedinthisLoanReductionCestaand,othebestofheundersigned'sknowledgeiistre,cometandcomplete,and(i)bmithisLoanReductionCertificateotheLenderinodetocomplywiththeermofheAgreement|Executedthis_ deyof. 20.
‘BORROWER:
{BORROWERNAME},aDistofColumbialimitedliabilitycompany

By
eo
(NAME.OTLEY

EXHIBIT K
FORM OF NET CASH FLOW
CALCULATION WORKSHEET
[Attached]
K-l
OCDHCD-SurplusCash,NotCashFlowandLoanRepaymentAnalysis{temsInizeandighightedinyelowartobecompte:amstnlackarome}[Peaseuse2019HUDChorafAccountsasareference:insvam aosnents437OSCONSGH PDE)

CurrentActors
‘onanvoxayau meParosCorreaby‘henanceatoneToranSeayDepots(OmerCareAsser(neeCarnoustowecaerAsst‘OeCureAsset(rarCortsae“otaCureAsset
CurrentObigations‘AcreMangeretDetnquetMatgagePpa!Parents‘enuePayabaTas(win90s)‘SehacedPayersndDepotseta nsance,ofMPEscrowDepotsAcouedExposes(NtEs2)PresaenseratSeeryDepotsLabirerCurentosgnior‘ObweCuregan(oberCurentOgio(trCureOtgatonterCareneigatonTotalCurtObtgons|
SurplusCathAvaiableforDatibuion
‘NotCashFlowWatertalporLoanAgreement&DeedofTrustNoteCCurenyoursAasetWaregonantFeeAccundWnagereetFoe(CrtAt PayaratorCatSotaPamantTasooninconeEgyvar

EXHIBIT L,
MODIFICATIONS TO LOAN AGREEMENT
[NONE]
L-l
RIDER1
LOW-INCOME HOUSING TAX CREDIT PROVISIONS
This LOW-INCOME HOUSING TAX CREDITS PROVISIONS RIDER (this“LIHTC Rider”)
isattachedtoandamendstheLoanAgreementbyandbetweenby240125thStreetLLC,aDistrictofColumbialimitedliabilitycompany(“Borrower”)andtheDISTRICTOFCOLUMBIA,amunicipalcorporation,actingbyandthroughtheDepartmentofHousingandCommunityDevelopment(“Lender”),datedasof ,2025(the“LoanAgreement”).

Tothe extentanyprovisionsofthisLIHTCRiderconflictwithanyprovisionsinthebodyoftheLoanAgreement,theprovisionsofthisLIHTCRidershallprevail.AnytermsinthebodyoftheLoanAgreementnotinconflictwiththeprovisionsofthisLIHTCRiderremainin fullforceandeffect.AnycapitalizedtermsnotdefinedinthisLIHTCRidershallhavethemeaninggiveninthebodyoftheLoanAgreement.

NotwithstandinganythingelseintheLoanAgreementtowhichthisLIHTCRiderisattached
1. DEFINITIONS. The followingterm shallbe added tothe Loan Agreement:
(2)__“EquityInvestor”means,individuallyandcollectively,(i)AlliantCreditFacilityIV,LLC,a Californialimitedliabilitycompany and (ii)AlliantCredit FacilityALP IV, LLC, a California
limitedliabilitycompany,andtheirrespectivesuccessorsandassigns.

2, NOTICE.
Lenderagreesthat,aslongasEquityInvestorisamemberorpartnerofBorrower,LendershallendeavorasacourtesytoEquityInvestortodelivertoEquityInvestoracopyofanynoticeofdefaultthatisdeliveredtoBorrower.EquityInvestor'saddressforsuchnoticepurposesis:
c/oAlliantCapital,Ltd.
26050MureauRoad,Suite200Calabasas,California91302Attention:GeneralCounsel
Telephone:(818)668-6800Telecopy:(818)668-2828
withacopyto:
NixonPeabodyLLP
7999thStreetNW,Suite500Washington,DC 20001
Attention:MatthewW.MullenTelephone:(202)585-8128
Telecopy:(855)830-8316
EquityInvestormaychangetheaddresstowhichnoticesintendedforitaretobedirectedbymeansof writtennoticegiventoLender.

a. OPPORTUNITY TO CURE.
AnycureofanydefaultbyBorrowerofferedbyEquityInvestorshallbetreatedthesameasifofferedbyBorrower.