CA26-0544 Proposed Contract with Clara on Martin Luther King, Jr…

Current Bill Text

Read the full stored bill text
MURIEL BOWSER
MAYOR
December 10, 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. 2026-04 with Clara on Martin Luther King, Jr Avenue LLC in the amount
of $1,411,766.36.
Under the proposed contract, the District will loan $1,411,766.36 from the Housing Production
Trust Fund to Clara on Martin Luther King, Jr Avenue LLC, which will use the proceeds of the
loan to finance certain eligible acquisition costs, predevelopment costs, soft costs, and construction
hard costs for 81 units of affordable housing located at 2323 Martin Luther King Jr Avenue SE in
Ward 8.
My administration
is available to discuss any questions you may have regarding the proposed
contract. In order to facilitate a response to any questions you may have, please have your staff
contact Naima Chambliss, Chief of Staff, Department of Housing and Community Development,
at (202) 442-7211.
I look forward to the Council’s favorable consideration of this contract.
Sincerely,
Muriel Bowser
GOVERNMENT OF THE DISTRICTOF COLUMBIA
Departmentof HousingandCommunityDevelopment
xk k
co RACTSUMM
Pursuanttosection202(c)oftheProcurementPracticesReformActof2010,effectiveApril
8,2011(D.C.Law18-371;D.C.OfficialCode§2-352.02(c)),thefollowingcontract
summaryisprovided:
(A)Theproposedcontractor,contractamount,unitandmethodofcompensation,contract
term,andtypeofcontract:
ProposedContractor:ClaraonMartinLutherKingJr,Avenue,(The)LLC
ContractAmount: $1,411,766.36
UnitandMethodofCompensation:DrawSchedule
Termof Contract:42yrs/3% SimpleInterest
‘TypeofContract: Loanagreement
(B)Thegoodsorservicestobeprovided,themethodsofdeliveringgoodsorservices,andanysignificantprogramchangesreflectedintheproposedcontract:
TheDepartmentofHousingandCommunityDevelopment(DHCD)proposesto
providealoantoClaraonMartinLutherKingJr.Avenue,(The)LLCintheamountof$1,411,766.36fromtheHousingProductionTrustFundforthepurposeoffinancing
certaineligiblepredevelopmentcosts,softcostsandconstructionhardcostsassociatedwith81affordablehousingunitslocatedat2323MartinLutherKingJr.,Avenue,SEin
Ward8.
(C)Results,includingthepriceandtechnicalcomponents:
DHCDreceivedarequestforfundingfromtheborrowertobeusedforthepurposeoffinancingcertaineligibleacquisitioncosts,predevelopmentcosts,softcostsandconstructionhard associatedwith 81 affordablehousing unitslocatedat2323 Martin
LutherKingJr.,Avenue,SEinWard8
Page1of3
(D) The background and qualifications of the proposed contractor, including its
organization, financial stability, personnel, and prior performance on contracts with
the District government:
Banneker Ventures LLC is a District of Columbia-based real estate firm that was founded in
2005. Its principal mission is the development of mixed-use residential, retail and public-use real
estate properties in Maryland and Washington, DC. Since 2018, they have been involved in four
(4)projects in Maryland and DC totaling $61.SM, projecting 270 units of affordable and
workforce housing residential space. Since its founding, Banneker has delivered five projects
totaling 460 affordable and workforce housing units.
The development consultant and general contractor have satisfactory prior performance on
contracts with the District government.
(E) Performance standards and the expected outcome of the proposed contract:
The proposed DHCD loan proceeds will be used to provide a loan to Clara on Martin
Luther King Jr. Avenue, (The) LLC in the amount of $1,411,766.36 from the Housing
Production Trust Fund for the purpose of financing certain eligible acquisition costs,
predevelopment costs, construction costs, and soft costs associated with the construction
of 81 affordable housing units located at 2323 Martin Luther King Jr., A venue SE in
Ward 8.
The project is consistent with DH CD's goal of preserving and producing affordable
housing for low-to-moderate income residents. Additionally, the borrower is required to
fulfill all conditions as set forth in the loan agreement within the agreed upon time
frames. Failure to fulfill the terms of the loan agreement will constitute default.
(F) A certification that the proposed contract is within the appropriated budget authority
for the agency for the fiscal year and is consistent with the financial plan and budget
adopted in accordance with D.C. Official Code§§ 47-392.01 and 47-392.02:
The loan will be funded through the Housing Production Trust Fund. Attached is the
certification that the proposed loan agreement is consistent with the District's financial
plan and budget.
(G) A certification that the proposed contract is legally sufficient, including whether the
proposed contractor has any currently pending legal claims against the District:
A legal sufficiency memorandum from the Office of the General Counsel is attached.
(H) A certification that the proposed contractor is current with its District and federal
taxes or has worked out and is current with a payment schedule approved by the
District or federal government:
District and federal tax law compliance certifications are attached.
Page 2 of 3
(1)Thestatusoftheproposedcontractorasacertifiedlocal,small,ordisadvantaged
businessenterpriseasdefinedintheSmall,Local,andDisadvantagedBusinessEnterpriseDevelopmentandAssistanceActof2005,effectiveOctober20,2005(D.C.
Law16-32;D.C.OfficialCode§2-218.01etseq.):
ClaraonMartinLutherKingJr.Avenue,(The)LLCisnotacertifiedlocal,small,
ordisadvantagedbusinessenterprise
(J)OtheraspectsoftheproposedcontractthattheChiefProcurementOfficerconsiders
significant:
None
(K) Astatementindicatingwhethertheproposedcontractoriscurrentlydebarredfrom
providingservicesorgoodstotheDistrictorfederalgovernment,thedatesofthe
debarment,andthereasonsfordebarment:
Theproposedcontractorisnotcurrentlydebarredfromprovidingservicesorgoodsto
theDistrictorfederalgovernment.A debarmentaffidavitisattached.
(L)Wherethecontract,ifexecuted,willbemadeavailableonline:
‘Thecontractsummarywillbeavailableatwww.dhed.de.gov.
Page3of3
*
*
* GovernmentoftheDistrictofColumbia

mmm —_(OfliceoftheChiefFinancialOfficer 11014stHm —_(OliceofTaxandRevenue Washington,DC20024
DateofNotice:October28,2025 NoticeNumber:0015102423
CLARAON MARTINLUTHERKING,JRAVENUE,LLC FEIN:**-**°71381738ELTONRDSTE215 CaseID:18769315SILVERSPRINGMD 20903-5732

CERTIFICATEOF CLEAN HANDS
As reportedintheClean Hands system,theabove referencedindividual/entityhasno outstanding
liabilitywiththeDistrictofColumbiaOfficeofTaxandRevenueortheDepartmentofEmployment
Services.As of thedateabove,the individual/entityhascompliedwithDC Code § 47-2862, therefore
thisCertificateofCleanHandsisissued.
TITLE47.TAXATION,LICENSING,PERMITS,ASSESSMENTS,AND FEES
CHAPTER 28GENERAL LICENSE
SUBCHAPTER II.CLEAN HANDS BEFORE RECEIVINGA LICENSEOR PERMIT
D.C.CODE §47-2862(2006)
§47-2862PROHIBITIONAGAINST ISSUANCEOF LICENSEOR PERMIT
Ke —
‘AuthorizedBy MelindaJenkins
Branch Chief,Collectionand EnforcementAdministration
Tovalidatethiscertificate,pleasevisitMyTax.DC.gov.OntheMyTaxDC homepage,clickthe
“ValidateaCertificateofCleanHands”hyperlinkundertheCleanHandssection.

T1014thStreetSW,SuiteW270, Washington,DC20024/Phone:(202)724-S04S/MyTaxDGgov
InitialFile#:100006130489EntityType:LLC
GOVERNMENT OF THE DISTRICT OF COLUMBIA
DEPARTMENT OF LICENSINGAND CONSUMER PROTECTION
CORPORATIONS DIVISION
=a
CERTIFICATE
THIS IS TO CERTIFY thatallapplicableprovisionsoftheDistrictofColumbiaBusiness
OrganizationsCode(Title29)havebeencompliedwithandaccordingly,thisCERTIFICATEOFGOOD STANDINGisherebyissuedto
CLARA ON MARTIN LUTHER KING,JR.AVENUE, (THE)LLC
WE FURTHERCERTIFYthatthedomesticentityisformedunderthelawoftheDistricton12/13/2018;thatallfees,andpenaltiesowedtotheDistrictforentityfilingscollectedthroughtheMayorhavebeenpaidandPaymentisreflectedintherecordsoftheMayor;Theentity'smostrecentbiennialreportrequiredby§29-102.11hasbeendeliveredforfilingtotheMayor;andtheentityhasnotbeendissolved.Thisofficedoesnothaveanyinformationabouttheentity'sbusinesspracticesandfinancialstandingandthiscertificateshallnotbeconstruedastheentity'sendorsement.
INTESTIMONY WHEREOF I have hereuntosetmy handandcausedthesealofthisofficeto
beaffixedasof10/29/202511:35AM
BusinessandProfessionalLicensingAdministration
REBECCAJANOVICH
SuperintendentofCorporations,CorporationsDivision

MurielBowser
Mayor
Tracking#:HASPY4Q
AFFIDAVIT
I,Omar A. Karim , herebyattestthatallmembersofthe team,who arelistedbelow,arenotlisted
intheListofPartiesExcludedfrom FederalProcurementorNon-ProcurementPrograms.
DEVELOPMENTTEAM,
Owner: TheClaraonMartinLutherKing,JrAvenue,LLC
Consultant(s): =
ManagementAgent: WinnManagementCompanies a
Attorney: __AmeenahCapers ee
Engineer: ton
Architect: _DP Partners _
Other(s): HamelBuilders
I furtherattestthatno principal,major stockholder,officer,or directorofthe team isdebarredfrom
participatinginafederalprocurementornon-procurementprogram.

Si tureoffApplicant
AuthorizedAgent
Title
November 10,2025
Date
STATEOF MARYLAND
COUNTY OF A‘ ,to wit:
Onthis10)!dayof P2025 beforeme,theundersignedofficer,
personallyappeared_OmarA.Karim,knowntome(orsatisfactorilyproven)tobetheperson(s)
whosenameissubscribedtowithintheinstrumentandacknowledgedthatheexecutedthesame
forthepurposethereincontained,
In witnesshereofI hereuntosetmy hand and officialseal.

GOVERNMENT OF THE DISTRICTOF COLUMBIA.
PROFILE SUMMARY
(CONTRACTsTO PURCHASE,SELL,ACQUIRE,TRANSFER,LEASE OF REAL
PROPERTY/EXCLUSIVE RIGHT AGREEMENTS/LOANs & GRANTs OVER $1M/INTRA-
DISTRICTs)
ContractingAgency:Dept.HousingandCommunityDevelopmentAgencyCode:
UsingAgency: Dept.HousingandCommunityDevelopment AgencyCode:
Loan/Grant/LeaseSub-recipientName:ClaraonMartinLutherKingJr.Avenue,(The)LLC
ShouldtheD.C.Councilhaveanyquestionsregardingthisloan/grant/lease,pleasecontact:

ProjectManager:BernardGuzman TelephoneNumber:(202)442-4482
“TYPEOF DOCUMENT SUBMITTED
I D7 eanvranvLeaseModification 4. oO WrittenorInformalContract
20 ExerciseofGrantOptionYear(E.0.)| 5.CT easeofRealProperty
3.WH Loan/Grant/LeaseAgreementfor: 6] other;—___

ace oeManse ata Sineteva
LOAN/GRANT TYPE
1 os 4.oO “CostReimbursement—
2. MM) LoanPrice$1,411,766.36 3.[] TimeandMaterial
3. [[] TaskOrder 6.[-] AdvancePayment

Page1of4
No X
CRITICAL ISSUES ASSOCIATED WITH GRANT/LOAN ACTION
I. ls this Grant/Loan one of multiple (more than one) Grants/Loans for similar goods, services, etc.,
awarded by the Agency to this subrecipient, or related entity, within the last twelve (12)months?
D Yes .!.J No
2. Have reserved funds been obi igated for payment? (If Yes, ensure documentation is included in
Grant/Loan File) .
3. Is the File complete? (If Yes, please attach pertinent documentation) .
.!.J Yes D No
4. Is the subrecipient a successor to or affiliated with another individual or business that has
Grant/Loan with the Agency?
D Yes .!.J No
If Yes, name of Predecessor/ Affi Ii ate:
Affiliates of Wesley Housing have completed prior projects with the Agency.
5. ls a former District employee an owner, officer, or affiliate ofthe subrecipient?
D Yes � No
If Yes, Name and Affiliation:
Please discuss any other critical issues such as time constraints; health and safety issues; or
financial/revenue production issues that should be known.
I.
2.
..,
.).
FUTURE INFORMATION/DOCUMENTATION TO BE SUBMITTED TO AUTHORITY
IF Grant/Loan JS A WARDED
□
Award Date 4. LJ Claims By/ Against Grant/Loan
□
Expiration Date 5.
□
Certified Completion Date
□
Amendments 6
□
Final Payment Date
Page 3 of 4
D Yes .!.J No
CERTIFICATIONS
IcertifythatthisproposedloanbetweentheDepartmentofHousingandCommunityDevelopment(DHCD)andClaraonMartinLutherKingJr.Avenue,(The)LLCintheamountof$1,411,766.36fromtheDistrictofColumbiaHousingProductionTrustFundwillfinanceeligibleacquisitioncosts,predevelopmentcosts,softcosts,andconstructionhardcostsassociatedwith81affordablehousingunitslocatedat2323MartinLutherKingJr.,AvenueSEinWard8andisincompliancewiththeapplicableFederalandDistrictofColumbiaRegulationsandDHCD'spoliciesandprocedures.
eas bfar[ene—Cdttees Date
Director,DHCD
AE bg 11/25/2025
ChristopherEarley Date
DeputyDirector,DHCD

ThavereviewedthisGrant/Loan/LeaseactionandhavedeterminedthatitiswithintheDistrict'sFinancialPlanandBudgetforFY2026 andthatfundsareavailabletosupporttheaction.

BethSpooner Date
AgencyFiscalOfficer,DHCD
DETERMINATION
I have reviewedthisGrant/Loan/Leaseactionand have determinedthatitiswithintheDistrict's
FinancialPlanandBudgetforFY_2026 andthatfundsareavailabletosupporttheaction.

LeroyClay,Ill Date
AssociateChief FinancialOfficer
EconomicDevelopmentandRegulationCluster
Page4of4
toe—=
GOVERNMENT OF THE DISTRICTOF COLUMBIA
DEPARTMENTOF HOUSINGAND COMMUNITYDEVELOPMENT

MEMORANDUM
TO: MurielEBowserMayor
FROM: Julia.wise?GeneralCoungélDepartmentofHousingandCommunityDevelopment
DATE: November21,2025
SUBJECT: ProposedHousingProductionTrustFundProgram(“HPTF”)Loaninthe
principalamountnottoexceedOne MillionFourHundredElevenThousandSeven
HundredSixty-Sixand36/100Dollars($1,411,766.36)("Funding")toClaraonMartin
LutherKing,Jr.Ave,(The)LLC (the“Borrower”)
‘TheproposedHPTFFundingwillfinancecostoverruns,incurredbyBorrowerduetodelaysinconstructionandassociatedexpensesinconnectionwiththedevelopmentofaneweighty-‘one(81)unitaffordablehousing project(the“Project”) locatedat2323 Martin Luther King
Jr.Avenue SE, Washington, D.C.20020 (Ward 8).
OnSeptember29,2021,theDepartmentofHousingandCommunityDevelopmentclosedon
HPTFfinancingtoBorrowerintheamountofFourteenMillionEightThousandNineHundredSeventy-Threeand00/100Dollars($14,008,973.00)(“OriginalHPTFLoan”).TheOriginalHPTFLoanproceedswereusedtofinanceProjectdevelopmentcosts.‘TheBorrower
deliveredtheProjectinOctober2024,andtheProjectconvertedtopermanentfinancinginAugust2025.TheProjectconsistsof81rentalhousingunits,allofwhichareaffordableto
householdswithtotalincomethatdoesnotexceedthirtypercent(30%)orfiftypercent(50%)
oftheMedianFamilyIncome.Twenty(20)unitsarereservedforhouseholdseligibleforPermanentSupportiveHousingservices,andforty-eight(48)unitsarefamily-orientedtwo
andthree-bedroomunits.TheProjectaffordabilityrestrictionsareperpetualandareenforcedbyanAffordableHousingCovenantthatrunswiththeland.
TheattachedHPTFLoanAgreementislegallysufficientinaccordancewithallapplicable
laws.Ifyouhaveanyspecificquestionsregardingthiscontract,pleasecontactDonnette
Cooperon(202)442-7225oremaildonnette.cooper@dc.gov.

DepartmentofHovsingandConmuntyDevelopment|1909MartinLutherKing,AvenueSE,Washington,OC20020|202.442.7200|dheddegov
LOAN AGREEMENT
between
CLARA ON MARTIN LUTHER KING, JR. AVENUE, (THE) LLC,
aDistrictofColumbialimitedliabilitycompany
as Borrower
and
DISTRICT OF COLUMBIA,
‘amunicipalcorporation,
actingbyandthroughtheDEPARTMENTOFHOUSING AND COMMUNITY DEVELOPMENT
as Lender
Datedasof__——, 2025
DHCD Contract No. 2026-04
ProjectName TheClaraonMLK
LoanAgreement(RevisedJan.2023)
Section1.
Section2.
2.1;
2.2.
2.3.
2.4.
Section3.
Section4.
4.1.
4.2.
43,
44.
4.5.
46.
47.
48.
49.
4.10.
4.11
4.12.
4.13.
Section5.
5.1.
5.2.
$3;
5.4.
$3,
5.6.
5.7.
5.8.
3m
5.10.
5.11.
5.12.
$.13.
Section6.
6.1.
6.2.
6.3.
TABLE OF CO! S

Page
Definitions...
Loan.Generally.MakingofPayments
UseofLoanProceedAdditionalFinancing

Reserved...
RequirementsandConditionsforLoanDisbursements
InitialDisbursement.SubsequentDisbursements..FinalDisbursement... 53
PaymentProceduresandRequirements.ConditionsPrecedenttoSubsequentDisbursements.
Retainage.
AdditionalConditionsforFinalDisbursementFinalAdjustmenttoLoanAfterClosing.
InsufficiencyofLoanProceeds..AuthorizedDisbursements.
DisbursementsNotaWaiver.StoredMaterials.
NoEscrow.

RepresentationsandWarranties.Status.
Authority.NoConflictingAgreementsLitigation.FinancialInformationReceivership.TaxReturnsLiensonProperty

Cost Breakdown,
OFAC List...
Covenants,
ConstructionofProjectInsurance..
Accounting/AuditRequirements
‘LoanAgreement(RevisedJan.2023) i
6.4.
6.5.
6.6.
6.7.
6.8.
6.9.
6.10,
6.11.
6.12.
6.13.
6.14.
6.15.
6.16.
6.17.
6.18.
6.19.
6.20.
Section7.
TL.
7.2.
73.
Section8.
Section9.
Section10.
Section11.
Section12.
Section13.
13,
13.
13.
13.
13.

Inspection,MaintenanceandRepair..ObstructionsPermits,License:StructuralInjury,Nuisance,WasteandOtherProhibitedUse:CompliancewithLawsReporting.RecordsandRetentionPaymentofObligations.Notices .....
FurtherAssurances...FeesofLender’sAgents.PerformanceofOtherAgreements‘AcknowledgementofLenderFinancin;PropertyManagementAffordabilityCovenantHazardousMaterialsIndemnity.

Default:Remedies.
Defaults
RemediesofLenderonEventofDefault
No RemedyExclusive;DelaysorOmissions;WaiverofBreach...

AdditionalLocaland FederalRequirementsApplicabletoBorrower..

ConflictOfInterest/Limitof Liability.
NoticeofNon-Discrimination...

FreedomofInformationAct

AntideficiencyActLimitations.

Miscellaneous......Reimbursementof DisbursementsMadeorOtherCostsIncurredbyLenderInterestonAdditionalPaymentsandReimbursementsIndemnificationofLender...NonassignabilityLiabilityofLenderNoPartnership,JointVenture,AgencyWaiverofJuryTrial/ServiceofProcess/CourtCosts..NoThirdPartyBeneficiaries.Counterparts.
Notices. Amendment.
SurvivalofAgreements....EntireAgreement;SuccessorsandAssigns;TimeofEssence

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

Severability.. 35
DescriptiveCaptions;Headings.. 35Construction. 35
GoverningLaw
ConflictwithProgramRequirements
The followingexhibitsand ridersattachedheretoare incorporatedintoand deemed partof this
Agreement.

SummaryofLoanTerms
ProjectBudget
ConstructionDrawSchedule
FederalLaborStandardsContractAddendum
Davis-BaconWageDetermination

Section3 ContractAddendum

Exhibit G Development Team Debarment Affidavit
Exhibit H InsuranceRequirements:
Exhibit I Certification of Borrower's Representations and
Warranties
Exhibit J Form of FinalLoan Reduction Certificate
Exhibit K Formof Net Cash Flow CalculationWorksheet
Exhibit L Modificationsto Loan Agreement
RidersKI Rider1 [Low-IncomeHousingTaxCreditProvisions
LoanAgreement(RevisedJan.2023) iii
LOAN AGREEMENT
THISLOAN AGREEMENT (this“Agreement”)ismadeasofthis___dayof :
2025fromCLARA ON MARTIN LUTHER KING,JR.AVENUE, (THE)LLC,aDistrictof
Columbialimitedliabilitycompany(“Borrower”),andtheDISTRICT OF COLUMBIA, a
municipalcorporation,actingby andthroughtheDEPARTMENT OF HOUSING AND
‘COMMUNITY DEVELOPMENT (“Lender”).
RECITALS
A. BorrowerownstherealpropertyintheDistrictofColumbialocatedat2323Martin
LutherKingJr.,Avenue,SE,WashingtonDC;
B. BorrowerhasappliedtoLenderfora loaninatotalprincipalamountnottoexceed
One MillionFourHundredElevenThousandSevenHundredSixty-Sixand36/100Dollars($1,411,766.36)(the“Loan”),theproceedsofwhichshallbeusedbyBorrowertofinancethe
Project(asdefinedbelow);and
C. LenderhasagreedtomaketheLoanonthetermssetforthinthisAgreement.
NOW, THEREFORE,inconsiderationofthemutualpromisesandcovenantscontained
herein,andothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesagreeasfollows:
DeSection1. jonsAsusedherein:
“ActofBankruptcy”meansthefilingofa petitioninbankruptcyundertheUnitedStates
BankruptcyCode,11U.S.C.§101efseq.(andallfutureactssupplementaltheretooramendatorythereof)orthecommencementofa proceedingunderanyotherapplicablelawconcerning
insolvency,reorganizationorbankruptcybyoragainstBorroweroranyguarantor,asdebtor.
“AffordableHousingCovenant”meansthatcertainAffordableHousingCovenantbyBorrowerforthebenefitofLender,whichsetsforthBorrower'scovenantstorenttheAffordable
UnitstoQualifiedTenantsinaccordancewiththeProgramRequirementsandtheLoanDocuments,whichagreementshallberecordedagainstthePropertyasacovenantrunningwith
theland,

“AffordabilityPeriod”meanstheperiodduringwhichBorrowershalloperatetheProjectasaffordablehousingunitsincompliancewiththeAffordableHousingCovenantandtheProgramRequirements.
“Affordable Unit” meansa residentialhousing unitthat is reserved for and leased to
QualifiedTenantsattheapplicableincomelimitforsuchunitandatrentsthatareaffordablepursuanttotheAffordableHousingCovenant.“AffordableUnit”asusedhereinhasthesamemeaningas“ReservedUnit”asusedintheHPTFProgramRequirements.Notwithstandinganyprovision to the contrary,an Over-Income Tenant (as such term isdefined in the Affordable
HousingCovenant)mayoccupyanAffordableUnit,however,oncesuchtenantvacatesan‘AffordableUnit,theAffordableUnitshallberentedtoincomeeligiblehouseholdsinaccordance
LoanAgreement(RevisedJan.2023)
withtheAffordableHousingCovenantandtheProgramRequirements.“AffordableUnitIndex”
hasthemeaningsetforthintheAffordableHousingCovenant.
“Agreement”hasthemeaningsetforthinthePreamble.
“AnnualOwnerCertification”meansthatcertaincertificationpreparedandexecutedbyBorrowerandsubmittedtoLender,whichcertifiesthatallAffordableUnitshavebeenrented
exclusivelytoQualifiedTenantsatrentlevelsconsistentwiththeAffordableHousingCovenantandtheProgramRequirements.TheAnnualOwnerCertificationissubmittedtoLenderthrough
itselectronicassetmanagementportal,alsoknownastheDHCD-PAMDOwner/Borrowerportal.
“Architect”means thearchitectfortheProjectand itssuccessorsand assigns.
“Attorneys’FeesandCosts”meansallreasonablecostsandexpenses(including,without
limitation,reasonableattorneys’feesand disbursementsof Lender'scounsel,whether in-house
staff,retainedfirmsorotherwise)incurredbyLenderorTrustee(assuchtermisdefinedinthe
DeedofTrust)inconnectionwithBorrower'sdefaultundertheLoanDocuments.

“Authority”meansanygovernmentalentityhavingjuProperty,theProject,oroverapartyhereto. jonoverallorpartofthe
“Borrower” has themeaning setforthinthe Preamble.
“Change Order” has the meaning setforthinSection4.5.7.
“ClosingDate”meansthedateofthisAgreement.
“Completion Date” means the dateof thisAgreement.
“ConstructionContract”meanstheagreementtobeenteredintobetweenBorroweras
ownerandtheContractorfortheProject.

‘onstructionDrawSchedule”meanstheLender-approveddrawscheduleattachedheretoC andincorporatedherein.as Exhi
“Contractor”meansthegeneralcontractorfortheProjectanditssuccessorsandassigns.
“CostSavings”hasthemeaningsetforthinSection4.8.1(4).
“DeedofTrust”meanstheDeedofTrust,AssignmentofLeasesandRentsandSecurityAgreement deliveredfrom Borrower to Lender's trusteefor the benefitof Lender, and willbe
recordedinthelandrecordsoftheDistrictofColumbiatosecuretheLoanasevidencedbytheNote.
“Draft Loan Reduction Calculation”has the meaning setforthinSection4.8.1(4).
“Due Diligenceand ClosingChecklist”hasthemeaning setforthintheLoan Commitment.
LoanAgreement(RevisedJan,2023) 2
“EquityInvestor"hasthemeaningsetforthintheLIHTCRiderattachedheretoatRider
“EventofDefault”hasthemeaningsetforthinSection7.1.
“ExcessProceeds”hasthemeaningsetforthinSection4.8.1(4).
“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”meanstheprogressmeetingconvenedby
LenderfollowingFiftyPercent(50%)Completion.
“Final Loan Reduction Calculation”has the meaning setforthinSection4.8.1(4).
“FinalLoanReductionCertificate”meansthatcertaincertificatepreparedandexecutedbyBorrower,insubstantiallytheformattachedheretoasExhibitJ, whichcertifiestheamountof
FinalLoanReductionCalculationinaccordancewithSection4.8.1(4).

“FinancingStatements”meanstheUCC financingstatements,evidencingtheLoan,that
shallberecordedinthelandandchattelrecords,asapplicable,oftheDistrictofColumbiatosecureLender’slienonthefixturesandequipmentlocatedattheProperty.

“FiscalYear”meansthefiscalyearofBorrower,whichisJanuary1toDecember31.
“FOIA” hasthemeaning setforthinSection11.1.

HazardousMaterials”meansanysubstance(i)thepresenceofwhichrequiresinvestigation,remediation,orspecialhandlingunderanyFederal,stateorlocalstatute,regulation,ordinance,orderorpolicy;or(ii)isorbecomesa“hazardoussubstance”or“hazardouswaste”underanyFederal,stateorlocalstatute,regulation,ordinance,orderorpolicy,includingtheResource Conservation and Recovery Act of 1976 (42 U.S.C. § 9601 efseq.),as amended from
timetotime,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,urea
formaldehydefoaminsulationorradongas,exceptassuchproductsarecustomarilyfoundorusedinsimilarprojects.

“Household”meansallpersonswhowilloccupytheAffordableUnit,includingthetenant'sspouseordomesticpartner,allchildrenundereighteen(18)yearsofage,andallotherpersonsovereighteen(18)yearsofagewhowillbeoccupyingtheAffordableUnit.
LoanAgreement(RevisedJan.2023) 3

HUD” meanstheU.S.DepartmentofHousingandUrbanDevelopment.
“HumanRightsAct”hasthemeaningsetforthinSection10.
“Improvements”meansallstructuresorbuildingsnoworhereaftererectedorplacedontheProperty,togetherwithanyandallalterations,additions,accessionsandreplacementsthereof.
“IncreasedSources”hasthemeaningsetforthinSection4.8.1(4).

‘Lender”hasthemeaningsetforthinthePreamble.
“LenderRetainage”meansanamountequaltothelesseroftenpercent(10%)ofthe
ConstructionContractor tenpercent(10%) of theLoan amount thatshallbe reserveduntilthe
finaldisbursementofLoanproceeds.As setforthinExhibitA,theLenderRetainageforthis
Projectis$152,115.00.
“Loan”hasthemeaningsetforthintheRecitals.

ent” means Lender's letterof conditionalcommitment, and any
modificationsthereto.Intheeventofa conflictintermsbetweenthisAgreementandtheLoan
Commitment,thisAgreementshallcontrol.
“LoanDocuments”means,collectively,thisAgreement,theNote,theDeedofTrust,theAffordableHousingCovenant,theFinancingStatements,theLoanCommitmentandanyother
documentsrequiredbyLenderfromBorrower,asaconditionprecedenttodisbursingtheLoanproceedsortoevidenceorsecurethisLoan,AllLoanDocumentsshallbeincorporatedhereinby
reference.

‘LoanTerm”meansthetermoftheLoanfromtheClosingDatetotheMaturityDate.
“MedianFamilyIncome”or“MFI”meansthemedianfamilyincomeforaHouseholdof
four(4)personsinthe“WashingtonMetropolitanStatisticalArea”asperiodicallypublishedbyHUD,andadjustedforHouseholdsizewithoutregardtoanyadjustmentsmadebyHUD forthe
purposesoftheprogramsitadministers,asmaybeadjustedbyLendertoestablishincomelimitspursuanttotheProgramRequirements.MFIisalsoknownasAreaMedianIncomeorAMI.
Notwithstandinganythingtothecontraryherein,themaximumHouseholdincomeforaQualifiedTenantateightypercent(80%)MFIshalllbeadjustedpursuanttoSection42(g)(4)oftheInternal
RevenueCode.
“Net Cash Flow Calculation Worksheet” means that certainworksheet prepared and
executedbyBorrower,insubstantiallytheformattachedheretoasExhibitK,whichdemonstratesBorrower's annualcalculationofNet Cash Flow (assuchterm isdefinedintheNote) and payments
owedtoLenderpursuanttotheNote.

“Note”meansthatcertainDeedofTrustNotemadebyBorrower,ofevendateherewith,asamended,modified,orsupplementedfromtimetotime,whichevidencesBorrower'spromisetoLendertorepaytheLoanunderthetermsandconditionsoftheLoanDocuments.

LoanAgreement(RevisedJan.2023) 4
“Notice”hasthemeaningsetforthinSection13.10.
“OFAC”hasthemeaningsetforthinSection5.13.
“OperatingAgreement”meanstheAmendedandRestatedOperatingAgreementofBorrower,datedasoftheClosingDate,asmaybeamended.
“OPM” hasthemeaningsetforthinSection4.7.1.
“OtherContingencyUse”hasthemeaningsetforthinSection4.5

“PaymentRequest”hasthemeaningsetforthinSection4.4.
“PermanentLoanClosingDate”hasthemeaningsetforthinSection4.8.1(4).
“PermittedTransfer”meansthetransferspermittedinaccordancewithSection1.11ofthe
DeedofTrust.
“Person” means a natural person, trustee,corporation,partnership,limited liability
companyorotherlegalentity.
“PlansandSpecifications”meanstheplansandspecificationsapprovedortobeapproved
byLenderfortheProject.
“ProgramRequirements”means,collectively

a The requirementsof theHousing ProductionTrustFund,including,butnotIi
to,theHousingProductionTrustFundActof1988,D.C.Law 7-202,D.C.OfficialCode§42-
2801etseq.(2001ed.)and10BDCMRChapter41, boththestatutesandregulations,asmaybe
amendedfromtimetotime(collectively,the“HPTF ProgramRequirements”).
(The requirementsoftheSection8project-basedvoucherprogram,including,but
notlimitedto,theFederalandDistrictofColumbiaHousingChoiceVoucherProgramrulesandregulationsat24CFRPart982and983and14DCMR Chapters49,51,53,54,56,59,61,93and
95.TheSection8project-basedvoucherprogramisadministeredbytheDistrictofColumbia
HousingAuthority.
‘TherequirementsoftheLocalRentSupplementProgram,including,butnotlimitedto,the Federaland Districtof Columbia Housing Choice Voucher Program rulesand regulations
at 24 CFR Parts982 and 983, and 14 DCMR Chapters 49, 51, 53, 54, 56, 59, 61, 93 and 95. The
LocalRentSupplementProgramisadministeredbytheDistrictofColumbiaHousingAuthority.
(The requirementsofthePermanentSupportiveHousingProgram,whichprovidessupportivehousingforanunrestrictedperiodoftimeforindividualsandfamilieswhowereoncehomelessandcontinuetobeatimminentriskofbecominghomeless,includingpersonswithdisabilitiesasdefinedin24CFR§582.5,forwhomself-sufficientlivingmaybeunlikelyandwhose care can be supported through public funds. See D.C. OfficialCode § 4-751.01(28).
‘AffordableUnitsthataresubjecttothePermanentSupportiveHousingProgramshallbeoperated
LoanAgreement(RevisedJan.2023) 5
inaccordancewithHUD’sHousingFirstmodelandvacanciesshallbefilledthroughtheCoordinatedEntrySystem.ThePermanentSupportiveHousingProgramisadministeredbythe
DistrictofColumbiaDepartmentofHumanServices.
TherequirementsoftheDistrictofColumbiaDepartmentofBehavioralHealthPermanentSupportiveHousingProgram,includingbutnotlimitedtoTheDepartmentofBehavioralHealthEstablishmentActof2013,D.C.Law20-61,D.C.OfficialCode§7-1141.01etseq.andthatcertainMemorandumofUnderstandingBetweentheDepartmentofBehavioralHealthandtheDepartmentofHousingandCommunityDevelopment,effectiveJune16,2014,asamended,thatprovidesforfinancingdevelopmentoflong-termsupportivehousingunitsintheDistrictofColumbiafortheexclusiveuseofDepartmentofBehavioralHealthconsumers

TherequirementsoftheHOME InvestmentPartnershipsProgram,including,but
notlimitedto,theFederalrulesandregulationsat24CFR Part92andtheHOME Written
AgreementbyandbetweenBorrowerandLender,datedasofsubstantiallyevendateherewith.
1) TherequirementsoftheNationalHousingTrustFundProgram,including,butnot
limitedto,theFederalrulesandregulationsat24CFRPart93.
1] The requirementsoftheCommunityDevelopmentBlockGrantProgram,
including,butnotlimitedto,theFederalrulesandregulationsat24CFRPart570.
oO The requirementsofthe Section108 Loan GuaranteeProgram,including,but not
limitedto,theFederalrulesandregulationsat24CFR Part570,SubpartM andthatcertain
ContractforLoanGuaranteeAssistanceunderSection108oftheHousingandCommunity
DevelopmentActof1974,asamended,42 U.S.C.§5308efseq.,byandbetweenLenderand
HUD,dated (collectively,the“Section108ProgramRequirements

c ‘Therequirementsofthe HousingforOlderPersonsAct,including,butnotlimited
to,42U.S.C§3607efseg.andtheFederalrulesandregulationsat24CFR Part100.

TherequirementsoftheHousingOpportunitiesforPersonswithAIDSAct,
including,butnotlimitedto,42U.S.C.§12901efseg.andtheFederalrulesandregulationsat24
CER Part574.

“Project”means, collectively,the Improvements locatedor tobe builton the Propertythat
willbefinancedwiththeLoanproceedspursuanttothisAgreement,andusedasarentalhousingdevelopment.
“ProjectBudget”meansthesourcesandusesoftheProjectandthespecificusesoftheLoanproceedsthataresetforthinExhibitB attachedhereto.

“Property”hasthemeaning setforthintheDeedofTrust.
“QualifiedTenants”meansHouseholdswhosehouseholdincomequalifiesfortheincomelimitfortheparticularAffordableUnittheHouseholdisleasing,assetforthintheAffordableHousingCovenantandmeetsanyadditionalcriteriasetforthintheProgramRequirements.A
LoanAgreement(RevisedJan,2023) 6
QualifiedTenantshallincludeanyOver-IncomeTenantwhohasavalidwrittenleaseandwasingoodstandingattheProjectpriortothedateofthisAgreement.
“RegisteredAgent”means[BannekerVentures],withanaddressat_1227MarionBarryAvenue,S.E.,Suite107Box#5,Washington,D.C20020.
“Rent”meanstheoccupancychargeforeachhousingunitandanycommercialorretailspace,ifapplicable,intheProjectpursuanttoaproprietarylease,leaseorotheroccupancyagreementbetweenthetenantandBorrower.
“ReturnedFunds”hasthemeaningsetforthinSection4.8.1.
“SatisfactionLetter”hasthemeaningsetforthinSection4.7.9.
“SeniorLender”hasthemeaningsetforthintheDeedofTrust.
“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,asevidenced
byasignedcertificatefromtheArchitect,whichcertificatemaybeincludedaspartofthePaymentRequestdeliveredtoLender,indicatingthatseventy-fivepercent(75%)oftheconstructionand/or
rehabilitationoftheProject,andallimprovements,havebeencompletedinaccordancewithallapplicablelawsandcodes,thePlansandSpecifications,therelevantLoanDocumentsandall
environmentalremediationlaws.

“UCC”hasthemeaningsetforthinSection7.2.7.
“VAWAYhasthemeaningsetforthin1)a)i)(1)(a)(2)
Section2. Loan.
2.1. Generally.
211. Use and Purpose. Borrower agreesto borrow from Lender, and Lender
agreestolendtoBorrower,theLoanproceeds:suchLoanproceedsshallbeusedbyBorrowerfortheusesspecifiedintheProjectBudget,subjecttoSection2.2herein,andsubjecttoalloftheterms,provisionsandconditionsofthisAgreement.
LoanAgreement(RevisedJan.2023) 7
2.1.2,ExpensesandDisbursementsSecuredbyDeedofTrust.TheLoanproceeds,Attorneys’FeesandCosts(ifany)andallotherLoanexpenses,asandwhendisbursed
or incurredby Lender,willbe securedby theDeedofTrust.
2.2. MakingofPayments.Allpayments(includingprepayments)ofprincipalof,or
intereston,theLoan,shallbemadeinaccordancewiththetermsoftheNote.Allsuchpaymentsshallbemadewithoutanyset-offorcounterclaim,andfreeandclearofanyrestrictionsor
conditions,andfreeandclearofandwithoutdeductionfororonaccountof,anypresentorfuturetaxes,levies,imposts,duties,charges,fees,deductionsorwithholdingsofanynaturenowor
hereafterimposedbyanygovernmentalorotherauthority.
2.3.UseofLoanProceeds,IncompliancewithandsubjecttoalltermsofthisAgreement,LenderwilldisbursetheLoantoorfortheaccountofBorrower.BorrowershallprovidetoLenderacostbreakdown,intradeform,andloanbudget,whichshallbeapprovedbyLender,initssolediscretion.LendershalldisbursetheproceedsoftheLoan,solongasnoEventofDefault(definedherein)hasoccurredandiscontinuing,onlyforpurposesthatarepermittedbytheProgramRequirements,andfornootherpurposes.Furthermore,theLoanproceedsshallonlybeappliedtotheusesspecifiedintheProjectBudget,exceptasmaybemodifiedwiththepriorwrittenconsentofLender,whichconsentshallnotbeunreasonablywithheld,conditionedordelayed,
2.4. AdditionalFinancing.
2.4.1.ExceptfortheSeniorLoan(s)andtheSubordinateLoan(s),Borrowershallnotreceiveanyadditionalfundsfromanysource,concerningthisProjectwithouttheexpresswrittenconsentofLender,exceptthatBorrowershallbepermittedtorefinancethebalanceoftheSeniorLoanatanytime,(i)fornotmorethantheoutstandingbalanceofprincipalandaccruedinterestandreasonableandnecessaryclosingcosts,(ii)foratermthatdoesnotexceedtheremainingtermoftheLoan,and(iii)upontermsthatLenderhasdeterminedascommerciallyreasonableandforwhichLenderhasprovideditspriorwrittenapprovalinaccordancewiththeProgramRequirements(whichapprovalshallnotbeunreasonablywithheld,conditionedor
delayed).

2.4.2.IftheLoanissubjecttotheSection108ProgramRequirements,neither
LendernorBorrowershallenterintoanintercreditororsubordinationagreementwithanother
lenderwithoutHUD’spriorwrittenapproval.
Section 3. Reserved.
Section 4. Requirements and Conditions for Loan Disbursements. Lender's obligationto
makeanydisbursementofLoanproceedsissubjecttoBorrower'ssatisfactionofthefollowingrequirementsandconditions,subjectinallrespectstoSection2.3:
4.1. InitialDisbursement:
4.1.1. Ifapplicable,an initialamount of Loan proceeds shallbe disbursedon
theClosingDateintheformofawiretofundcoststhatareapprovedbyLenderandeligibletobe
LoanAgreement(RevisedJan.2023) 8
paidwithLoanproceedsasdeterminedatLender’ssolediscretion,regardlessofwhenthecosts
were incurred.
4 Lender’sobligationtomaketheinitialdisbursementofLoanproceedsissubjecttoBorrower'ssatisfactionofthefollowingrequirementsandconditionsunlesswaivedinwritingbyLender:

(1) Borrowermustobtain,atitssolecostandexpense,andsubmittoLender
evidencethatithas satisfiedeach of theClosingConditions(assuchterm
isdefinedintheLoanCommitment),whichshallbesubjecttoLender’s
reviewand approval,bothas tosubstanceand form,and shallbe updated
andeffectiveasofthedatehereof.
(2) OnorbeforetheClosingDate,Borrowershallhaveexecutedanddelivered
toLendertheLoanDocumentstobeexecutedbyBorrowerandallotherdocumentsandinstrumentsrequiredfromBorrowerandLenderin
connectionwiththeLoan,
(3) LendershallhavereceivedanopinionofBorrower'scounseltotheeffect
thatBorrowerisdulyorganizedandvalidlyexistingandingoodstandingunderthelawsofthestateofitsorganization,authorizedtodobusinessintheDistrictofColumbia,withfullpowertoowntheProjectandtoexecute,
deliverandperformitsobligationsunderthisAgreement;thattheLoanDocumentsexecutedanddeliveredfortheLoanarevalidandlegally
bindingandenforceableagainstBorrowerinaccordancewiththeirrespectiveterms,subjecttolawspertainingtobankruptcyandinsolvency;
andopiningastosuchothermattersasmayberequiredbyLender.

(4) ‘Therepresentationsand warrantiessetforthin Section5 shallbe trueand
correctinallmaterialrespectsonandasoftheClosingDate,andnoEventofDefault shallthen existunder thisAgreement.
(5) TheDeedofTrustandtherelatedUCCfinancingstatementsandallother
LoanDocumentsrequiringfilingorrecordationshallhavebeenfiledorrecordedintheappropriatepublicrecordsasnecessaryandappropriateto
evidenceandperfecttheliensandsecurityintereststherebycreated.
(6) SatisfythepaymentandproceduresrequirementssetforthinSections4.4.1
-4.44,
4.2. SubsequentDisbursements:
4.2.1,Followingtheinitialdisbursement,Lendershallretainthebalanceofthe
LoanproceedstofundsubsequentdisbursementsinaccordancewiththeProjectBudgetandtheConstructionDrawSchedule,subjecttotherequirementssetforthinSections4.4and4.5.
40 Lender will make subsequent disbursementsof the Loan proceeds to
Borrowerintheformofan AutomatedClearingHouse(ACH)payment.

LoanAgreement(RevisedJan.2023) 9
4.2.3, LenderwillmakesubsequentdisbursementsoftheLoanproceedsto
Borrowerinatimelymanner,subjecttotherequirementssetforthinSections4.4and4.5.
4.3. FinalDisbursement:The conditionsforthefinaldisbursementof Loan proceeds
arefurtherdescribedin Section4.7,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.Paymentproceduresandrequirementsareasfollows:
4.4.1.Borrower'ssubmissionofthePaymentRequestmustdocumenteligiblecostsinaccordancewiththeProjectBudgetandConstructionDrawSchedule,asthesamemaybeadjustedfromtime-to-timeasconstructionprogresseswithLenderapproval,ifapplicable.
4.4.2.BorrowershallcreateandsubmitPaymentRequestsinanelectronic
formatthroughtheDC VendorPortalorasuccessorsystem.TheDC VendorPortalisanonlinesystemthatallowsBorrower/vendortocreateandsubmitinvoicepackagesbyselectingthe
applicablepurchaseordernumber.AllBorrowers/vendorsmustberegisteredintheportalpriortoinvoicesubmission,Additionaldetailsandinstructionsareavailableontheportalwebsite,
4
packagetoLender,recentpublishedguide
Lendermayrequireadditionalsubstanti:RequestsubmittedthroughtheDC VendorPortalorsharedseparatelyplatformforconstructionperiodmonitoring.
EachPaymentRequestmustbesubmittedintheformofaproperinvoiceincludingallrequiredformsanddocuments,inaccordancewithLender'smost$s.PetLender'spublishedguidelinesandinaccordancewithSection4.5,ingdocumentationbeincludedaspartofthePaymentizingLender’scloud

4.4.4.EachPaymentRequestshallincludetheCertificationofBorrower's
RepresentationsandWarranties,attachedheretoatExhibitIandincorporatedherein,andshallbesubmittedthroughtheDC VendorPortal.ThePaymentRequestshallalsocontainalldetails
concerningtheProjectwhichLenderreasonablyrequires,andadequatesupportingdocumentationtosubstantiateeveryexpenditurethatLenderisrequestedtofund.

4.4.5.IftheLoanproceedswillbeusedtofundconstructioncosts,thePayment
RequestmustincludeacopyoftheContractor’sapplicationforpaymenttoBorrower,signedbythe Architectand confirmed by Lender’s inspector,on notarizedAIA Forms G702 and G703 or
otherformsacceptabletoLender.TheContractor’applicationforpaymentshallbesubjecttotheSeniorLender’sretainagerequirements,asapplicable.
4.4.6. Disbursements shallbe made withinthirty(30)days of Lender’s receipt
ofa properPaymentRequest.
4
thirty(30)days.

Lendershallnotberequiredtodisbursemorefrequentlythanonceevery
LoanAgreement(RevisedJan,2023) 10
4.4.8. RegardlessofwhetherBorrowerisrequestinga disbursementofLoan
proceedsforaparticularmonth,BorrowershallprovideLenderwithacopyofeachdisbursementordrawrequestsubmittedtotheSeniorLenderorotherfinancingpartiesonamonthlybasis.ThiscopyshallincludethemonthlyapplicationforpaymentfromtheContractoranddocumentationforallotherexpendituresforwhichfundingfromotherpartiesisbeingrequested.

4.5. Conditions Precedent to Subsequent Disbursements. Lender's obligationto
makeanydisbursementshereundershallbesubjecttotheproceduresandrequirementsinSections4.4andBorrower'ssatisfactionofthe followingconditions,asdeterminedbyLenderin
itssolediscretion:

4.5.1.ConfirmationthatanyoutstandingitemsontheDue Diligenceand
ClosingChecklisthavebeenprovidedtoLender,includingfinalexecutedandrecordeddocuments
thatwerenotavailableatthetimeofinitialdisbursement.Lendershallbeinreceiptofafinal
electronicclosingbinder.

4.5.2. Lenderhashelda preconstructionmeetingfortheProjectandissueda
NoticetoProceedtoBorrowerandContractor.
453.— FollowingFiftyPercent(50%)Completionasdeterminedby the
Architect,LendershallholdaFiftyPercent(50%)CompletionMeeting.TheFiftyPercent(50%)CompletionMeetingmustbeconductedtoLender'ssatisfactionandanyoutstandingcompliance
concernsmustbeaddressedbeforeLendershallmakedisbursementssubsequenttoFiftyPercent
(50%)Completion.
4: Fieldprogressmeetingsshallbeheldonaregularlyscheduledmonthlybasis.Borrower,Contractor,Architect,andallnecessarysubcontractorsshallagreeonthepercentageofworkcompletedandinplace,andtheamountofstoredandinsuredmaterialson-siteandoff-site,Borrowershallberesponsiblefornotifyingallofthepartiesaboveofthetimeanddateofthemeetinginadvance.IfLender’srepresentativeisunabletoattendinpersonorvirtuallytoitssatisfaction,LenderreservesarighttoinspecttheworkperformedforwhichadisbursementissoughtorotherwiseinspecttheconditionoftheProjectbeforeprovidingitsapproval.IfLenderisunabletocompleteaphysicalinspection,date-stampedphotographicevidenceand/orvideofootagethatverifiestheworkcompletedandbilledforinthePaymentRequestwillberequired,inaccordancewithLender’spublishedguidelines.

4.5.5.Lendershallhavereceivedsuchcertificationsofjobprogress,informsatisfactorytoLender,asLendermayrequest,whichshallincludethemostrecentconstructionprogressreportorconstructionmonitoringreport,asapplicable,meetingminutes,asummaryoftheProject'srecentlycompletedandupcomingconstructionactivities,anupdatedschedule,adescriptionofsignificantProjectissues,andtheproposedresolutionofsuchissues.RegardlessofwhetherLenderisbeingrequestedtodisbursefundingforhardcosts,Borrowerisexpectedtosubmitacopyoftheconstructionprogressorconstructionmonitoringreport,asapplicable,orminutestoLenderonamonthlybasis.Inaddition,Lendershallhavereceivedcopiesofallotherrequestedreportsanddocuments,asavailable,requiredtosatisfyrequirementsofLenderandotherapplicablegovernmentalagencieshavingjurisdictionovertheProject.Inthisregard,Lendershall
havetherighttoinspectallbooks,recordsandaccountsrelatingtosuchwork,andmay,atits
LoanAgreement(RevisedJan,2023) WW
option,requireexecutionbyBorrowerandanycontractors,subcontractors,laborersandmaterialmenofsuchaffidavits,endorsementsandreleasesasLenderdeemsnecessary.
45.6. Lender shall have received a waiver and releaseof liensfrom the
Contractor,acknowledgingreceiptofpaymentforpriorconstructionworkperformedandpaidoutofpriorLoandisbursementsandothersourcesoffunding.UnlesswaivedbyLender,Borrowershallalsodeliverto Lender waivers and releasesof liensfrom allfirst-tiersubcontractorsand
suppliersthat have furnished labor,material,or servicesincluded in all previous Payment
Requests.Inaddition,ifanymechanic’slienshavebeenfiled,Borrowershallhavegivennoticeand copiesof such liensto Lender.
4.5.7.IfBorrowerrequestspaymentforanychangestotheapprovedPlansandSpecifications(the“ChangeOrder”),theChangeOrdershallhavebeenapproved:(i)priorto
Seventy-FivePercent(75%)Completion,bytheSeniorLenderbeforeanydisbursementofLoanproceeds;and(ii)afterSeventy-FivePercent(75%)Completion,approvedbybothLenderandthe
SeniorLenderbeforeanydisbursementofLoanproceeds.IfBorrowerrequestspaymentofsoftorothercostsfromotherProjectcontingenciesorlineitemsavings(“OtherContingeneyUse”),the
requestmustbeapprovedbyLenderafterSeventy-FivePercent(75%)Completion.IfrequestedbyLender,BorrowershallfurnishallnecessaryChangeOrderandOtherContingencyUsedocumentation.Notwithstandingtheforegoing,Lenderreservestherighttoreviewandapprove
thescopeandcostofanyChangeOrderandOtherContingencyUse,regardlessofwhentheChangeOrderandOtherContingencyUse,asapplicable,wasincurredandregardlessofwhether
theChangeOrderandOtherContingencyUse,asapplicable,istobefundedwithLoanproceedsorothersources.Lenderalsoreservestherightto withholddisbursementofLoanproceedsifLenderdetermines,initssolediscretion,thattheProjectcannotbecompletedinaccordancewith
theapprovedPlansandSpecificationswiththeundisbursedportionoftheLoanandother
constructionsourcesoffunds.

4.5.8,IfrequestedbyLender,BorrowershallprovideexecutedsubcontractsoranyothersupplementaldocumentsdeemednecessarytoverifythePaymentRequest.
43.9. UnlesswaivedbyLender,adate-downtoitstitlepolicyatthetimeofdisbursement,ensuringthecontinuedpriorityoftheDeedofTrustandtheabsenceofanyencumbrancesnototherwiseconstitutingaPermittedEncumbrance(assuchtermisdefinedintheDeed of Trust)or permittedunder the terms of thisAgreement, togetherwith such endorsement
Lendermayreasonablyrequire.
effortsto

4.5.10.IfrequestedbyLender,BorrowershallprovideupdatesorcomplywithapplicableFederalandlocalhiringandcontractingrequirements.
4.5.11.No EventofDefault,noranyeventorstateoffacts,whichwithnotice
or passageoftime or bothwould constitutean Eventof Default,shallthenexistundertheLoan
Documents.
4.6. Retainage
LoanAgreement(RevisedJan.202.

4.6.1,BorrowerisrequiredtocomplywiththegeneralretainagerequirementsrequiredbytheSeniorLenderandtheConstructionContract.
4.6.2.TheLenderRetainageshallbereleasedinthefinaldisbursementofLoanproceedsuponsatisfactionoftheconditionsspecifiedinSection4.7.
4.6.3.Notwithstandingtheforegoing,Lender,initssolediscretion,mayreducetheoriginalLenderRetainageamountbyfiftypercent(50%)onlyaftertheFiftyPercent(50%)CompletionMeetinghasbeenconductedtoLender’ssatisfactionandanyoutstandingcomplianceconcernshavebeenaddressedtoLender’ssatisfaction.

4.64. Lender'sdisbursementoftheLenderRetainageissubjectinallrespectstotherequirementssetforthinSections4.7and4.8.
4.7.AdditionalConditionsforFinal Disbursement.Inadditiontoallother
conditionssetforthinthisSection4,Lender'sobligationtomakethefinaldisbursementofthe
Loanproceeds,includingreleaseoftheLenderRetainage,shallbesubjecttoLender'sreceiptof
thefollowing:

4.7.1.ConfirmationthatthefollowingmattershavebeenaddressedtothesatisfactionoftheLender’sOfficeofProgramMonitoring(“OP.

(1) AllcertifiedpayrollsrequiredbyDavis-BaconandtheRelatedActshavebeen submitted to Lender, and allsubcontractsdemonstrate compliance
withoutanyunresolvedwagevariancesorrestitution.
(2) Finalaccessibilityinspectionsforaccessibleunitsandcommonspaceshave
beenconductedbyOPM.
(3) AllrequiredSection3reportshavebeensubmittedandapprovedbyOPM.
(4) TherearenooutstandingcrosscuttingcomplianceviolationsforDistrict
externalagenciessuchasFirstSource,apprenticeship,minimumwageand
CertifiedBusinessEnterprises.
4 UpdatedForm202,includingcomparisontotheProjectBudgetasoftheClosingDate.IfrequestedbyLender,satisfactoryChangeOrderandOtherContingencyUsedocumentationmustalsobesubmitted.

4.7.3.DraftthirdpartycostcertificationsfortheProjectfromBorrowerand
Contractor.
4.7.4. Completionofa final,in-personsitevisitby Lender’sinspectorto
confirmallworkwascompletedinaccordancewithapprovedPlansandSpecifications.FinalapprovaloftheProjectinaccordancewiththePlansandSpecifications,asbuilt,isrequired.
4.7.5. A completedandnotarizedContractor'sCertificateandReleaseForm
fromBorrower.
LoanAgreement(RevisedJan.2023) 13
4.7.6.FinalwaiversandreleasesofliensfromtheContractorandfirst-tier
subcontractorsandsuppliersthathavefurnishedlabor,material,orservicestoProject.Conditionallienreleasesareacceptableincaseswherependingpaymentswillbemadeuponreleaseofthe
LenderRetainage.

4.7.7.Theissuanceofafinalortemporarycertificateofoccupancyfortheintended,fundeduseoftheProject.
4.7.8.— Architect’sCertificateofSubstantialCompletion(AIAG-704)with
correspondingpunch-lists.

4.7:

A letterforsatisfactionfromtheArchitectandBorrowerforsatisfactorycompletionof the Project(the “SatisfactionLetter”).The SatisfactionLettershallaffirmthatthe
punch-listitemsassociatedwiththeAIAG-704havebeensatisfied,oradequatefundsreasonablynecessarytopaythecostsofcompletionofremainingpunch-listitems,ifany,asdeterminedbytheSeniorLender,shallhavebeenescrowedinaccordancewiththeSeniorLender’srequirements.In addition,the SatisfactionLettershallconfirm thatcertifiedwarrantiesand relateddocuments
requiredbytheConstructionContracthavebeenprovidedbytheContractor.

4.7.10.Copiesofallpermittradeinspectionsign-offapprovals,including,butedto,electrical,plumbing,mechanical,structuralandfiresafety.

notli
4.7.11,DocumentationthattheProjecthasbeenregisteredon theHousing
LocatorWebsite(assuchtermisdefinedintheAffordableHousingCovenant).

4.7.12,EnterpriseGreenCommunitiesStep2 Certificationorcomparable
documentationacceptabletoLender.
4.7.13.Receiptofthefinalas-builtPlansandSpecificationscertifiedbythe
Architectandengineerofrecord.
4.7.14,Receiptofanas-builtsurveyacceptabletoLender,unlesswaivedby
Lender.
4.7.15.Copiesofsuchadditionalpermitsandlicensesforoperationofthe
Project,including,butnotlimitedto,thebusinesslicenseforBorroweranditsmanagement
company,asmaybenecessaryorrequiredbyanAuthority.
4.7.16.Performanceof allotherobligationsof BorrowerundertheLoan
Documents.

.17.ConfirmationthattheProjectiscurrentlycomplyingorhascompliedWithapplicableinitiallease-upincomecertificationandtenanteligibilityrequirementssetforthbyLender’s Portfolioand Asset Management Division.
4.8. FinalAdjustmenttoLoanAfterClosing
LoanAgreement(RevisedJan.2023) 14
4.8.1.LenderandBorroweracknowledgeandagreethatLenderismakingthe
LoantoprovidegapfinancingtoensurethecompletionoftheProjectand,therefore,atLender'sdiscretiontheLoanmaybereduced,orLendermayrequirerepaymentoftheLoan,asfollows:
(1) Onadollar($1.00)fordollar($1.00)basisforfundsthatwereusedforatemporarypurposetotheextentthatsuchfundsareorwillbesubsequentlyreturnedtoBorrower(the“ReturnedFunds”),Suchfundsincludebutarenotlimitedto:refundeddeposits,financingfeesrequiredbyDistrictagencies,lenders,orotherparties.

(2) Onafiftycents($0.50)foreverydollar($1.00)basisforanyothernetreductionintotalcostsshownintheProjectBudgetduetounspentcontingencyfunds,unspentshort-termreservesorotherbudgetsavings(the
“CostSavings”),unlesstheCostSavingsareutilizedtocoveranunanticipateddecreaseinotherProjectsourcesasreflectedinanamended
ProjectBudget.Theremainingfiftypercent(50%)ofCostSavingsshallbeappliedinaccordancewiththeSeniorLoanDocumentsorthetermsofthe
[Operating/PartnershipAgreement],asapplicable.
(3) Onafiftycents($0.50)foreverydollar($1.00)basisforanyincreaseinfundingthatiscommittedtotheProjectaftertheClosingDateoverandabovethefundingsourcesshowninthefinalProjectBudget,unlesstheincreaseinfundingisobtainedfroma non-LendersourcetocoveranunanticipatedincreaseinthecostsoftheProjectoradecreaseinothersourcesavailablefortheProjectasreflectedinanamendedProjectBudget(the“IncreasedSources”).Theremainingfiftypercent(50%)oftheIncreasedSourcesshallbeappliedinaccordancewiththeSeniorLoanDocumentsorthetermsofthe[Operating/PartnershipAgreement],as
applicable.
(4) Borrower shallcalculateany Returned Funds, Cost Savings,and Increased
Sources(collectively,“ExcessProceeds”)andnotifyLenderoftheanticipatedloanreductionamount (the“Draft Loan Reduction
Calculation”)priortorequestingitsfinaldisbursementfromLenderbysubmittinga draftLoan Reduction Certificate.Ifthe DraftLoan Reduction
CalculationislessthantheremainingLenderRetainage,LenderreservestherighttowithholddisbursinganequalportionoftheremainingLenderRetainage,unlessBorrower can demonstratethatdoing so would resultin
aconstruction/stabilizationperiodfundinggapfortheProject.IftheDraftLoanReductionCalculationexceedstheremainingLenderRetainage,Lender reservesthe rightto withholddisbursingallof itsremaining Loan
proceeds,includingtheremainingLenderRetainage,unlessBorrowercan
demonstratethatdoing so would resultina construction/stabilization
periodfundinggapfortheProject.

(5) BorrowershallupdatetheDraftLoanReductionCalculationbysubmitting
a revisedLoanReductionCertificate(the“FinalLoanReduction
LoanAgreement(RevisedJan,2023) 15
Calculation”)withtheBorrower'srequestfora UnitedStatesDepartment
oftheTreasuryInternalRevenueServiceLow-IncomeHousingCredit
Allocationand Certification(Form 8609).
4.8.1. If the FinalLoan Reduction Calculationpursuanttothissectionexceeds
theremainingLenderRetainage,orifthefullamountofLenderRetainagehaspreviouslybeenreleased,thenetamountofExcessProceedsduetoLendertoreducetheLoanshallbepaidwithinninety(90)daysof issuanceof the Form 8609 and the finalexecuted Loan Reduction Certificate
shallbedeliveredonthesameday
4.8.2,Notwithstandingtheforegoing,anyloanreductionunderthissectionthat
ismadeafterLoanClosingbutpriortofulldisbursementoftheLoanproceedsshallbesubjectto
theconsentandapprovalof theSeniorLender,EquityInvestor,andotherfinancingparties,as
applicable.
4.9. InsufficiencyofLoanProceeds.IfatanytimeduringthetermofthisAgreement,
LenderdeterminesthattheremainingundisbursedLoanproceedsareinsufficientforanyreasontocompletetheProjectsubstantiallyinaccordancewiththePlansandSpecifications,Borrower
shall,withinten(10)daysafterreceiptofNoticethereof(includingastatementofthebasisforsuchinsufficiency)fromLender,depositwithLenderoritsdesigneesuchsumsofmoneyincash
(fromsourcesotherthantheLoan)asreasonablyarerequiredtoeliminatetheinsufficiency.AnyamountsodepositedbyBorrowershallstandasadditionalsecurityforBorrower'sobligationsunderthisAgreement,andmay bedisbursedatLender'soptionbeforeanyfurtherLoan
disbursementsaremadehereunder.

4.10,AuthorizedDisbursements.NotwithstandinganyothertermofthisSection4,
BorrowerherebyirrevocablyauthorizesLender,atLender’soptiontomakedisbursementsofLoanproceeds(i)jointlytoBorrower,Borrower'sconstructionmanagerandtoanycontractoror
materialmenfurnishinglabor,servicesormaterialsintheconstructionoftheProjectforanyamountsduetheminconnectiontherewith,or(ii)directlytoLenderforinterest,feesandanyother
amountsrequiredtobepaidtoLenderundertheNoteortheotherLoanDocuments.NofurtherauthorizationfromBorrowershallbenecessaryforLendertomakesuchdirectdisbursements,andallsuchdisbursementsshallsatisfyprotantoLender'sobligationhereunderandshallbesecured
bytheDeedofTrust.
4.11.DisbursementsNotaWaiver,NodisbursementofanyLoanproceedsbyLender
shallconstituteawaiverofanyoftheconditionsfordisbursementcontainedinthisAgreement,oranobligationofLendertomakefurtherdisbursements.IfBorrowerisunabletosatisfyanysuch
condition,nosuchdisbursementshallhavetheeffectofprecludingLenderfromthereafter
declaringthatinabilitytobeanEventofDefault.
4.12.StoredMaterials.No disbursementswillbemadeformaterialsthatarenot
physicallyincorporatedintotheProject,otherthanformaterialsactuallydeliveredtotheProjectsiteoroff-site,andstoredinaplace,securedandinsuredagainsttheft,vandalismandother
damage,allinamannersatisfactorytoLender.

LoanAgreement(RevisedJan.2023) 16

4.13. No Escrow. Any and allLoan proceeds disbursedto Borrower inaccordance
thisAgreementmustbeplacedina non-interestbearingaccountandmustbeexpendedinaccordance with Section4. In no event shallBorrower escrow the Loan proceeds.
Section 5. Representations and Warranties. Borrower representsand warrantsto Lender as
ofthedatehereof,andshallbedeemedtorepresentandwarrantasofthedateitsubydisbursementrequesttoLenderhereunder,that:

5.1. Status.BorrowerisaPersoningoodstandingunderthelawsofthe
Columbia,AllrepresentationsandwarrantiesmadebyBorrowerintheotherLoanDocumentsaretrue,completeandcorrectwhenmade.
5.2.Authority.BorrowerhasthepowerandauthoritytoenterintoandexecuteanddeliverthisAgreementandeachotherLoanDocumentexecutedanddeliveredbyit,andtoincurandperformtheobligationsprovidedforhereinandtherein(includingborrowingandguaranteeingtheLoan,asapplicable),allofwhichhavebeendulyauthorizedbyallproperandnecessaryactionandallmaterialgovernmentallicenses,authorizations,consentsandapprovalsrequired.NoconsentorapprovalofanyotherPersonorAuthorityisrequiredasaconditiontothevalidityorenforceabilityofthisAgreementoranyofsuchotherLoanDocuments,orifrequiredithasbeen
obtained.

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

5.4.Litigation.Thereisno litigation,proceedingorinvestigation,pendingorthreatenedinwriting,whichmayresultinanymaterialandadversechangeinthefinancialcondition,assets,liabilities,businessorprospectsofBorrower,andBorrowerdoesnotknowofanybasisforanysuchlitigation,proceedingorinvestigation.
5.5.FinancialInformation.AllfinancialinformationheretoforefurnishedtoLenderconcerningBorroweriscompleteandcorrectinallmaterialrespects,andfairlypresentsBorrower'sfinancialpositionasofthedatethereof,Therearenoliabilities,directorindirect,fixedorcontingent,ofwhichBorrowerisawareexceptasreflectedtherein,TherehasbeennomaterialadversechangeinBorrower'sfinancialconditionoroperationssincethedatesofthosefinancialinformation(andtoBorrower'sknowledge,nosuchmaterialadversechangeispendingorthreatened),andBorrowerhasnotguaranteedtheobligationsof,ormadeanyinvestmentadvancesto,anyPersonexceptasdisclosedinsuchinformation.Borrowerhasgoodandmarketabletitletoallofitspropertiesandassets,freeandclearofencumbrances(otherthanaspermittedbyLender),exceptasreflectedinthatinformation.

LoanAgreement(RevisedJan.2023) 17

5.6.Receivership.TherearenoactionsorproceedingspendingorthreatenedagainstBorrower,tothebestofBorrower'sactualknowledge,toliquidateorreorganizeitorplaceitinto
receivership.
5.7. TaxReturns.Borrowerhasfiledorcausedtobefiledall(ifany)requiredFederal,
stateandlocaltaxreturns,andpaidalltaxesshownonthereturnsassuchtaxeshavebecomedue.No claimshavebeenassessedandareunpaidwithrespecttosuchtaxes,exceptasshowninthe
financialinformationreferredtoabove.
5.8. LiensonProperty.Thereexistsnomortgage,pledge,lien,securityinterest,chargeorotherencumbrances(exceptaspermittedbyLender)onorwithrespecttotheProperty.
5.9. Utilities.Allutilityservicesnecessaryfortheconstructionandoperationofthe
Projectforits intendedpurposesareorwillbeavailableattheboundariesoftheProperty,includingwatersupplyofsufficientquantityandpressure,stormandsanitarysewerfacilitiesofadequatecapacities,gas,electricandtelephonefacilities.Borrowerhasprocured,orherebyagreetouseitsbest effortsto procure,from the Districtof Columbia, and other authoritiesand corporations,
connectionanddischargearrangementsforthesupplyofwater,gas,electricityandotherutilitiesandsewageandindustrialwastedisposalfortheoperationoftheProject.

5.10.Roads.AllroadsnecessaryforthefulluseoftheProjectforitsintendedpurposeshaveeitherbeencompletedorthenecessaryrightsofwaythereforhaveeitherbeenacquiredby
BorrowerortheappropriateAuthorityorhavebeendedicatedtopublicuseandacceptedbysuchAuthorityorwillbesoacquiredordedicated aperiodoftimesatisfactorytoLender,and
allnecessarystepshavebeentakenbyBorrowerandsuchAuthoritytoassurethecompleteconstructionandinstallationthereofinaccordancewithlawandallapplicablegovernmental
requirements.

5.11. Zoning and Land Use. The Project,and the use of the Projectforitsintendeduse,
willnotviolateanyzoningorotherordinance,regulationorlaw,restrictivecovenantoragreementofBorrower(eithernowin existenceorknownbyBorrowertobeproposed)applicabletothe
Property,theProjectoritsuse,andallrequirementsforsuchusehavebeensatisfied.Borrowershallnotinitiate,joinin,orconsenttoanychangeinanyrestrictivecovenant,easement,zoningordinanceorotherpublicorprivaterestrictionlimitingordefiningtheuseswhichmaybemadeoftheProperty,theProjectoranypartthereof.

5.12.CostBreakdown,Thecostbreakdown(intradebreakdownform)fortheProjectsuppliedtoLenderiscompleteandaccurateasofthedatehereof,basedonallinformationnowavailabletoBorrower,andBorrowerhasnoknowledgeofanymaterialchangeintheamountshownthereonwhichislikelytooccur.

5.13. OFAC List.Borrower, and tothebestof Borrower's knowledge afterhaving made
diligentinquiry,andallpersonsorentitiesowninganinterestinBorrower(i)arenotcurrentlyidentifiedon the United StatesOffice of Foreign Assets Control (“OFAC”) List,and (ii)are not
personsorentitieswithwhomacitizenoftheUnitedStatesisprohibitedtoengageintransactionsbyanytradeembargo,economicsanction,orotherprohibitionofUnitedStateslaw,regulation,or

LoanAgreement(RevisedJan.2023) 18
ExecutiveOrder of the Presidentof the UnitedStates.The OFAC Listcurrentlyisaccessible
throughtheinternetwebsitehttp://www.treas.gov/offices/eotlfe/ofac/sdi/tIsdn.pdf.
Section6. Cove Borrowercovenantsandagreesthat,aslongasanypartoftheLoan
remainsunpaid,Borrowerwill:

6.1.ConstructionofProject.CausetheProjecttobecompletedsubstantiallyin
accordancewiththefinalPlansandSpecificationsonorbeforetheCompletionDate,freeandclearofallliensotherthantheDeedofTrustandthePermittedEncumbrances(assuchtermisdefined
intheDeedofTrust).BorrowershallnotpermitanymaterialchangesinthePlansandSpecificationswithoutthepriorwrittenconsentofLenderandallauthoritiestowhomsuchPlans
andSpecificationsarerequiredtobesubmitted.
6.2.Insurance.AtalltimesduringthetermofthisAgreement,Borrowerwillmaintain
atitssolecostandexpense,forthemutualbenefitofBorrowerandLender,alloftheinsurancespecifiedinExhibitH,andwillnotpermitanyconditiontoexistonthePropertythatwould
invalidateanypartofanyinsurancecoveragerequiredunderthisAgreement.

6.3. Accounting/AuditRequirements.Maintaincompleteandaccuraterecordsand
documentationofallcostsincurredundertheLoaninaccordancewiththeinstructionsofLender
and organizedina manner thatidentifiescostcategoriesintheitemizedbudget.
6.4. Inspection. Permit Lender, itsagents and Lender's inspectorto enter on the
Propertyatallreasonabletimesandasoftenasmaybereasonablyrequested,toinspecttheProject
and allmaterialsto be used inconnectionwiththeconstructionthereof,and toexamine alldetailed
plansanddrawingswhichareormay bekeptattheconstructionsiteandaccesstothebooks,
recordsandsuchotherdocumentsofBorrowerasLendershallreasonablyrequiretoinspect,auditand examine the same and to make extractstherefrom and to make copies thereof.Furthermore,
throughouttheLoanTerm,BorrowermustbepreparedforandfacilitatemonitoringbyLenderincompliancewithFederalandDistrictrequirements,including,butnotlimitedto,thefollowing:creating,storingandmaintainingallProjectrecordsinaccordancewithLender’srequirements;
permittingdeskmonitoring,sitevisits,andaudits;andpermittingallinspectionsoftheProjectrecordsasLenderdeemsnecessarytoensuretheupkeepandoperationoftheProjectincompliancewithDistrictandFederallaws.
6.5. MaintenanceandRepair.KeepandmaintaintheProjectandeachpartthereofin
goodcondition,workingorderandrepair,makeallnecessaryorappropriaterepairs,replacementsandrenewalstheretosothateachpartthereofisatalltimesingoodcondition,fitandproperfortherespectivepurposesforwhichitwasoriginallyintended,erected,orinstalled,andtoensurethatthesecurityfortheLoanisnotimpaired,andmakeallnecessaryorappropriatedepositstoareplacementreservefortheProject.

6.6.Obstructions.UseitsreasonableeffortstokeepandmaintainallpartsoftheProjectandthesidewalks,curbsandpassagewaysadjoiningitinacleanandorderlycondition,
freeofdirt,rubbish,snow,iceandunlawfulobstructions.
6.7.Permits,Licenses.Procureorcausetobeprocured,anyandallnecessarypermits,
certificates,licensesorotherauthorizationsrequiredforuseoftheProjectasrentalhousing,and
LoanAgreement(RevisedJan,2023) 19
complywithallconditionsandrequirementsnecessarytopreserveandextendallrights,licenses,permits,privileges,franchisesandconcessionsnoworhereafterapplicabletotheProject.
6.8. Structural Injury, Nuisance, Waste and Other Prohibited Uses.Not use or
occupytheProjectorpermitittobeusedoroccupiedinanymannerwhichwouldcausestructuralinjurytotheProject,causethevalueortheusefulnessoftheProjectoranypartthereofto diminish(ordinarywearandtearexcepted),orconstituteapublicorprivatenuisance,orwaste.

6.9. CompliancewithLaws.NotuseoroccupytheProjectorknowinglypermititto
beusedoroccupiedcontrarytoanyuniformlyapplicablelawsaffectingtheProjectandtheoccupancy,operationorusethereof,whetherornotanysuchlawswhichmaybehereafterenactedinvolveachangeofpolicybytheAuthorityenactingthem.
6.10.Reporting.

6.10.1.AuditedFi itatements.Withinone-hundredtwenty(120)daysaftertheendofeachFiscalYear,theauditedbalancesheetofBorrowerforsuchyear,andthe
relatedauditedstatementsofincome,retainedearningsandcashflowsforsuchyear,eachsettingforthin comparativeformthefiguresforthepreviousFiscalYear,inreasonabledetailandall
preparedinaccordancewithgenerallyacceptedaccountingprinciples,consistentlyapplied,applicableOfficeofManagementandBudgetguidelines,andanyotherapplicableFederalorDistrictauditrequirements,withoutqualification,byanindependentcertifiedpublicaccountant
acceptabletoLender.

6.10.2.SupplementalAnnualSubmission.Togetherwiththeauditedfinancial
statement,BorrowershallsubmitthefollowinginformationfortheProject:
(1) EvidenceofcommercialpropertyinsurancewithLenderlistedasanadditionalinsured;
(2) EvidenceofliabilitypropertyinsurancewithLenderlistedasanadditional
insured;
(3) Copyofreserveaccountstatements,ifapplicable;
(4) Evidenceofpaymentofrealestatepropertytaxes;
(5) Copyofcurrentbusinesslicense;
(6) Projectoperatingstatements;
(7) AnnualOwnerCertification;and
(8) NetCashFlowCalculationWorksheet.
6.10.3.TaxReturns.Withinthirty(30)daysoftheapplicablerequiredannual
filingdate,includinganystandardextensionsforwhichBorrowermayhavevalidlyfiledand
copiesofwhichareprovidedtoLender,completecopiesofallFederalandstatetaxorinformation
LoanAgreement(RevisedJan.2023) 20
returnsofBorrower(includingformK-Isandallschedules),certifiedastrueandcorrectbythe
principalfinancialor accountingofficerof Borrower.

6.10.4. Internal Financial Statements. Upon thirty(30) days’ priorwritten
requestfromLender,Borrower'sinternalconsolidatedfinancialstatementsforthepreceding
financialquarterpreparedbyBorrowerandcertifiedbyBorrower'sprincipalfinancialoraccountingofficer,includingastatementofactivities,astatementoffinancialposition,astatementof cash flow,a break-down of gross leaserevenues,and during construction,a reconciliationof
expenditurespaidwithLoanproceeds.
6.10.5.AffordableHousing.Uponthirty(30)days’priorwrittenrequestfrom
Lender,(i)anyinformationabouttheleasingandoccupancyoftheAffordableUnits,includingarentrollfortheProject,summarizingthetermsofallresidentialleasesandtheHouseholdincomes
ofthetenants,asoftheendofDecemberoftheprioryearnolaterthanMarch1ofeachyear,ormorefrequentlyasreasonablydeterminedbyLender;and(ii)anyotherinformationthatmaybe
requiredtomeetDistrictand/orFederalreportingrequirements,includingbutnotlimitedto,informationonhouseholdsize,age,income,sex,andraceorethnicityofalloccupantswhoreside
inAffordableUnits.

6.10.6.AdditionalFinancialInformation.Uponthirty(30)days’priorwrittenrequestfromLender,anyadditionalinformationnecessarytoevaluatethefinancialpositionofthe
Project,asreasonablydeterminedbyLender.
6.10.7.OngoingProjectUpdates.Uponfive(5)days’priorwrittenrequest
fromLender,provideLenderwithregularProjectupdates.
6.11.RecordsandRetention.Keepandmaintainatalltimescompleteandaccuratebooksofaccountandrecords(includingcopiesofsupportingbillsandinvoices)adequatetoreflectcorrectlytheoperationoftheProjectorthePropertyandtheuseoftheLoanproceedsandcopiesofallwrittencontracts,leases,andotherinstrumentswhichaffecttheProjectortheProperty.Keeprecordsforaperiodoffive(5)yearsfromthedatethatsuchrecordsaregenerated.Ifanylitigation,claimoraudithasbegunbeforetheexpirationofthe5-yearretentionperiod,therecordsshallberetainednolessthanfive(5)yearsafteralllitigation,claims,auditsormonitoringfindingsinvolvingtherecordshavebeenresolvedandfinalactiontaken.

6.12.PaymentofObligations.Payanddischargeatorbeforematurityallitsmaterialobligationsandliabilities,includingtaxliabilities,theexpensesoftheProject,andclaimsforlabor,
materials,andsuppliesthat,ifunpaid,mightbecomeliensonthepropertyofBorrower,except
thosebeingcontestedingoodfaithbyappropriateproceedings.
6.13.Notices.PromptlygiveNoticetoLenderof(i)alllitigationaffectingBorrower,the
Property,oranyportionoftheProject,and(ii)allcomplaintsandchargesmadebyanyAuthorityhavingjurisdictionovertheProjectwhichmaymateriallydelayorrequirematerialchangesintheconstructionoftheProjectorotherwiseimpairthesecurityofLender.
6.14.FurtherAssurances.OnrequestbyLender,doanyactorexecuteanyadditionaldocuments(includingsecurityagreementsandfinancingstatementsonanypersonallyownedby
LoanAgreement(RevisedJan.2023) 21
BorrowerandincludedortobeincludedintheProject)reasonablyrequiredbyLendertoconfirm
thelienandsecurityinterestoftheDeedofTrust,oranyothercollateraldocument.
6.15.FeesofLender’sAgents.PayAttorneys’FeesandCostsandthereasonablefees
ofLender'sagents,ifany,inconnectionwiththeProjectortheLoan.

6.16. Performance of Other Agreements. Jointlyand severally,duly and timely
performandobserveallcovenants,agreementsandconditionsonitsparttobeperformedorobservedinallmaterialrespects.
6.17.AcknowledgementofLenderFinancing.
(@) AllowLenderto,orasreasonablyapprovedbyLender,placesuitablesignage
indicatingthattheProjectisbeingdevelopedwithfinancialassistanceprovidedbyLenderinsuchmannerasLendermayelect.AnysuchsignshallbeprovidedattheexpenseofLender;provided,however,thatifLenderprovidesasigntoBorrower,thenBorroweragreestoprovideaprominent
andsuitablelocationofthedisplayofthesignandtomaintainthedisplayofsuchsignforthedurationofdevelopmentoruntiltheLoanhasbeenfullysatisfied,whichevereventshalloccur
first.

(b)_ EnsurethatallwrittenorprintedmaterialsdistributedorpostedbyBorrower,which
publicizetheProject,shallincludeinformationthattheProjectisbeingfunded,partiallyorfully,throughLender.Further,announcementofalleventsthatpublicizetheProjectshallacknowledgefundingby Lender.Thismay include,butisnotlimitedto,socialmedia,newspaper
announcementsoradvertisements,flyers,postings,anyradioandtelevisionannouncements

6.18,PropertyManagement.AtalltimesduringthetermofthisAgreement,Borrower
shallenterintoamanagementcontractwithaDistrictlicensedprofessionalmanagementcompanyfortheProject,cancelableonsixty(60)days’notice,andotherwiseinformandsubstance
satisfactorytoLenderinitsreasonablejudgment.BorrowershallnotifyLenderatleastsixty(60)daysinadvanceofanychangeinmanagementandshallprovideLenderwithacopyofthe
proposedmanagementagreementforLender'sreviewandapprovalpriortoBorrower'sexecutionthereof.Suchapprovalshallnotbeunreasonablywithheld,conditionedordelayed.Theproposed
successormanagershallbea managementcompany,ingoodstandingwiththeDistrictofColumbia,andexperiencedinmanagingpropertiesofa similartypeandsizeastheProject.Theproposedsuccessormanagershalldeliverallorganizationaldocumentsandotherdocuments,upon
therequestofLender,regardingthemanager’ssuitabilitytomanagetheProject.AnysuccessormanagementcontractenteredintobyBorrowershallbeapprovedbyLender,suchapprovalshall
notbeunreasonablywithheld,conditionedordelayedandshallprovidethatitshallbesubjectto
termination,withoutpenalty,uponwrittenrequestbyLender,addressedtoBorrowerifthepropertymanagerfails,afterbeingprovidedfundsthereforefromBorrower,totakeactiontocureanymaterialdefaultunderthepropertymanagementcontractwithinsixty(60)days’noticethereof
byLenderwithacopytoBorrower.Intheeventofanemergencysituation,thesixty(60)daynoticeperiodshallbeshortened,atLender'sreasonablediscretion.Uponreceiptofa requestto
terminatethemanager,Borrowershallterminatethemanagementcontractnolaterthansixty(60)
daysfromthedateofthenotice,providedthat(i)Lenderhasapprovedofa newmanagerand

LoanAgreement(RevisedJan.2023) 22
‘managementcontract,(ii)thechangewillnotresultintheProjectbeingwithoutamanagerforanyperiodoftime,and(iii)BorrowerhasreceivedthepriorwrittenconsentoftheSeniorLender.
6.19.AffordabilityCovenants.
(a) ComplyinallrespectswiththeAffordableHousingCovenantandrentand
maintaintheAffordableUnitsinaccordancewiththeAffordableHousingCovenant.
(b) Maintainaccuraterecordsofthetenanthouseholdincomesandrentlevelseach
timethatanAffordableUnitisrented,andrentrollsupdatedonamonthlybasis,andavailableforinspectionbyLenderwithinten(10)daysofLender’srequesttherefore.
(©) RegisteranyavailableAffordableUnitwiththeHousingLocatorwebsite
establishedpursuanttotheAffordableHousingClearinghouseDirectoryActof2008,D.C.Law17-215,D.C,OfficialCode§42-2131efseq.andshallactivelyseektomarketvacantunitsto
householdsreferredbytheDistrictofColumbiaHousingAuthorityasrequiredintheProgramRequirements.As of thedateof thisAgreement,theHousingLocatorwebsiteis
www.DCHousingSearch.org.
6.20.HazardousMaterialsIndemnity.
(a) ComplywithallgovernmentalrequirementsapplicabletoHazardousMaterials
(includingleadpaint)andotherenvironmental,health,fireandsafetylawsorregulations,including,butnotlimitedto,theOccupationalHealthandSafetyActandAmericansWith
DisabilitiesAct;
(6) NotifyLenderofanynoticereceivedbyBorrowerofanyleak,spillorotherreleaseofHazardousMaterialsorofanyviolationofanyenvironmental,health,fireorsafetylawsorregulationswithrespecttotheProjectorthePropertyinwhicheventLendershallbeallowedarightofentry(includingtherighttoconducttestsandtakesamplesfromtheProjectorthe
Property)andmay,butshallnotberequiredto,remediatetheproblemifBorrowerdoesnotpromptlyinitiateanddiligentlypursuesuchremediatio
(©) IfunlawfulHazardousMaterialsaredeterminedtobelocatedattheProjectoronthePropertyoranotherenvironmental,health,fireorsafetylaworregulationhasbeenviolated
andsuchviolationhasbeencausedbyBorroweroritsagents,provideLenderwithabondorletter
ofcredit,orsimilarfinancialassurance,satisfactorytoLender,inanamountsufficienttocoverthecostofanycleanuporofremediationoftheviolation,asthecasemaybe;and

(@)__IndemnifyandforeverholdLenderharmlessfromanyloss,claim,damageorliabilityarisingoutof,orinconnectionwith,theunlawfulpresenceattheProjectoronthePropertyof,orcontaminationby,anyHazardousMaterialsortheviolationofenvironmental,health,fireorsafetylawsorregulationsifsuchloss,claim,damageorliabilitywascausedbyBorroweroritsagentsandhasoccurredsinceBorrowertooktitletotheProperty;provided,however,BorrowershallhavenoliabilitytotheextentanylossarisesasaresultofthegrossnegligenceorwillfulmisconductofLender.ThisindemnificationshallsurviverepaymentoftheLoan.
LoanAgreement(RevisedJan,2023) 23
(©) Further,BorrowershallpayLender,upondemand,forallcostsreasonablyincurredbyLenderinconnectionwithinspectingtheProjectorthePropertywithrespecttoHazardousMaterials,whichLendermaydoatanytimeandfromtimetotime,and/orinconnectionwith
reviewinganyHazardousMaterial,environmental,health,fireorrelatedsafetyreports,including
Attorneys’FeesandCosts,engineeringfeesandotherfeesandexpensesifsuchcostsareincurred
asaresultofactionscausedbyBorroweroritsagentsafterthedateBorrowertakestitletothe
Property.
Section7. Default;Remedies.

7A. Defaults,An“EventofDefault”shallbedeemedtohaveoccurredunderthisAgreementontheoccurrenceofanyoneormoreofthefollowingevents:
7.1.1.Any representationorwarrantymadehereinoranystatementorrepresentationmadeinanycertificate,reportoropinion(includinglegalopinions),financial
statementorotherinstrumentfurnishedinconnectionwiththisAgreement(includingrequests),anyapplicationmaterialsfortheLoan,oranyoftheotherLoanDocuments,provestohavebeen
incorrectinanymaterialrespectwhenmade;or
7.1.2.Borrowerfailstopay,withinten(10)daysafterthedateonwhichitisdueandpayable(a)theprincipalof,premium,ifany,orinterestoranyotherchargesorsumson
orundertheNote(whetheronmaturity,onanyinstallmentdate,afteracceleration,afternoticeofprepayment,orotherwise),or(b)anyotherpaymentrequiredbythisAgreementoranyofthe
otherLoanDocumentstobepaidbyBorrower,including,butnotlimitedto,anypaymentsduetoLenderinaccordancewiththeFinalLoanReductionCalculation;or

7.1.3.Borrowerfailstodulyandpromptlyperform,complywithorobserveanyoftheterms,covenants,conditionsoragreementscontainedhereinorintheProgramRequirements,otherthanpertainingtoinsurancerequirementshereinforwhichthereshallbenosuchcureperiod,whichdefaultremainsunremediedforthirty(30)days(orsuchothercureperiodasmaybespecifiedherein)afterNoticetothenon-performingentitythereof,exceptthatifthedefaultissuchthatitcannotbecorrectedwithinthirty(30)days(oranyothercureperiodspecifiedherein),itshallnot be an Event of Defaultif,inthe opinionof Lender reasonablyexercised,the
non-performingentityistakingappropriatecorrectiveactiontocurethedefaultandthedefaultnot,inLender’ssolejudgment,impairthesecurityfortheLoan;or

1. ‘AnActofBankruptcyoccurswithrespecttoBorroweroranyother
guarantoroftheLoan;orBorrowerbecomesgenerallyunabletopayitsdebtsastheybecomedue;
or

1

5. An EventofDefaultoccursunderanyotherLoanDocument;or

7.1.6.Anymechanic’slienisestablishedagainsttheProjectandnotdischargedorbondedagainstbyBorrowerwithinthirty(30)daysafteritreceivesnoticeoftheestablishmentthereof;or

7.1.7.BorrowerfailstocomplywithanyrequirementofanyAuthorityhaving
jurisdictionwithinthirty(30)daysaftertheAuthoritygivesitwrittennoticeoftherequirement;
LoanAgreement(RevisedJan.2023) 24
orifanyproceedingisbegunoractiontakentoenforceanyremedyfora violationofanyrequirementoftheAuthorityoranyrestrictivecovenantaffectingtheProperty.
7.2.RemediesofLenderonEventofDefault.WheneveranyEventofDefaultreferred
to insubsection7.1has occurred,Lender may refusetodisburseany amounts hereunder,accelerate
thepaymentsdueontheNoteanddeclareallotherofBorrower'sobligationstobeimmediatelydueandpayable,bringsuitontheNote,andtakesuchotheractionsagainstBorrowerasLender
maydeemtobeappropriate,aspermittedbylaw.Inaddition,Lender,initssolediscretion,maytakeanyoneormoreofthefollowingremedialsteps:

7.2.1.Acceleration.DeclaretheunpaidprincipaloftheNoteandallinterest
accruedthereon,togetherwithallothermoneyspayablehereunder,tobeimmediatelydueand
payable,bynoticeinwritingtothateffectdeliveredtoBorrower,andonsuchdeclaration,allsuch
moneysshallbecomeimmediatelydueandpayable,withoutprotest,presentment,furthernotice
ordemand,allofwhichareexpresslywaivedbyBorrower,attheplaceofpaymentprovidedin
suchnotice,anythinginthisAgreementorintheNotetothecontrarynotwithstanding.

7.2.2.LegalAction,Bymandamusorothersuit,actionorproceedingatlaw
orinequity,enforceallrightsofLender,andrequireBorrowertocarryoutanyagreementwithor
forthebenefitofLender,andtoperformitsdutiesunderthisAgreement,theDeedofTrust,and
theotherLoanDocuments;and/or
(1) BringsuitontheNote;and/or
(2) ByactionorsuitinequityenjoinanyactsorthingswhichmaybeunlawfulorinviolationoftherightsofLender;and/or
(3) Takewhateveractionatlaworinequityappearsnecessaryordesirabletocollectthepaymentsandotheramountsthendueandthereaftertobecome
dueortoenforceperformanceandobservanceofanyobligation,agreementorcovenantofBorroweroranyotherPersonunderthisAgreementorany
otherLoanDocument.
72.3. BooksandRecords.Haveaccesstoandinspect,examineandmake
copiesofthebooksandrecordsandanyandallaccountsandsimilardataofBorrower.
7.24, Protection of Property. Without resortto judicialprocess,take such
stepsasitdeemsappropriatetoprotecttheProjectorthePropertyfromdepredationorinjury,
includingemploymentofwatchmenorotherprotectiveservices,andBorrowershallpayany
expensesincurredbyLenderintakingsuchsteps

7.2.5.CompletionofProject.LendershallhavenoobligationtodisburseanyportionoftheundisbursedproceedsoftheLoantoBorrower.LendermayentertheProjectorthePropertyforthepurposeofcausingBorrower'sobligationshereundertobefulfilled,andforsuchpurposesBorrowerherebyappointsLenderasitslawfulattorney-in-fact,withfullpowerof
delegationandsubstitution,toactforsuchpurposeinitsname,totakeanyorallofthefollowing
actions:
LoanAgreement(RevisedJan.2023) 25
(1) ContinuetheProject;and/or
(2) AvailitselfandprocureperformanceofallcontractstheretoforemadebyBorrower; and/or
(3) Modifysuchcontracts,ortoenterintonewcontractswiththesameorothercontractors,architects,suppliersoragents;and/or
(4) Pay,settleorcompromiseanybills,claimsorliensincurredinconnectionwiththecompletionoftheProject;and/or
(5) Prosecuteordefendanyactionorproceedinginconnectiontherewith,toexecutesuchapplicationsandcertificatesasmay be requiredby
governmentalauthorityoranyagreementbyBorrower;and/or
(6) Perform any other act and execute and deliver all documents and
instrumentsasmaybeappropriateforsuchpurposes;and/or
(7) Useanyfundsnotyetdisbursedhereunderorotherwiseallocatedormadeibletherefortopaythecostthereof,itbeingspecificallyagreedthat
thispowerofattorneyisapowercoupledwithaninterestwhichcannotbe
revoked.

Anydisbursementoffundsforsuchpurposesshallbedeemeddisbursementspursuanttothis‘AgreementandevidencedbytheNote.Inaddition,ifitisnecessaryforLendertodisburseanyamountsinordertoaccomplishsuchpurposes,BorrowershallreimburseLenderfortheamountof suchexcess,withinterestthereonasprovidedinSection8,andauthorizeLendertoapplyfundsreceivedfromthesaleorrentalofany portionsoftheProjecttotherepaymentofsuchexcessbeforethesameareappliedforanyotherpurpose.AnyactiontakenbyLenderhereundermay,inthesolediscretionofLender,bethereafterterminatedorchanged,andthisAgreementoranyactiontakenhereundershallinnowaybeconstruedasimposinganyobligationonLendertoact,orcontinuetoactonthebehalfofBorrowerorotherwisetocompletetheProjectorfulfillanyobligationofBorrowerinconnectionwiththeProject.
7.2.6.PossessionofProject.TakepossessionoftheProjectandhave,hold
manage,leaseandoperateitonsuchtermsandforsuchperiodoftimeasLenderdeemsproper;andcollectandreceiveallrents,incomeandprofitsoftheProject,withorwithouttaking
possessionoftheProject,withfullpowertomakefromtimetotimeallalterations,renovations,repairsorreplacementstheretoasseempropertoLender,andtoapplysuchrents,incomeand
profitstothepaymentof:

(a) The cost of such alterations,renovations,repairsand replacements and
expensesincidenttothetakingandretainingpossessionoftheProjectandthemanagementandoperationthereofandkeepingthesameproperly
insured,and

(2) Allltaxesandanyotherencumbranceswhichmaybepriorinlienor
paymenttotheobligationsofBorrowerhereunder,and
LoanAgreement(RevisedJan.2023) 26
(3) TheobligationsofBorrowerhereunder,togetherwithallcostsandAttomeys”FeesandCosts,insuchorderofpriorityastoanyofsuchitemsasLenderinitssolediscretionmaydetermine,anylaw,customorusetothecontrarynotwithstanding.
7.2.7.RepossessionofCollateral.ProceedundertheDistrictofColumbia
UniformCommercialCodeastoalloranypartofthecollateral,andinconjunctiontherewithexerciseallrights,remediesandpowersofasecuredpartyundertheDistrictofColumbiaUniform
CommercialCodeasthenineffectintheDistrictofColumbia(“UCC”),includingtakingpossessionofthecollateralpursuanttoSection9-503oftheUCCwithoutresorttojudicialprocess.
IfanEventofDefaultoccurs,Borrowershallassembleallofthecollateral,andmakeitavailableattheProperty.AnynoticerequiredbySection9-504oftheUCC shallbedeemedreasonablyandproperlygivenifgiveninthemannerspecifiedforotherNoticesunderthisAgreement,atleast
fifteen(15)daysbeforeanysaleorotherdispositionofthecollateral.Dispositionofthecollateral
shallbedeemedcommerciallyreasonableifmadepursuanttoapublicofferingadvertisedatleast
twiceinanewspaperofgeneralcirculationinthecommunitywherethecollateralislocated.

7.2.8. Foreclosure.DeclareadefaultundertheLoanDocumentsandexercise
itsrightsofforeclosureand otherremediesavailableundertheDeed ofTrust.
7.3. No Remedy Exclusive;Delays or Omissions; Waiver of Breach. No actiontaken
pursuant tothisSection7 shallrelieveBorrower from itsobligationshereunderor under any other
LoanDocument,allofwhichshallsurviveanysuchaction,andLender(totheextentprovided
above)maytakewhateveractionatlaworinequityappearsnecessaryanddesirabletocollectthe
paymentsandotheramountsthendue,andthereaftertobecomedueand/ortoenforcetheperformanceandobservanceofanyobligation,agreementorcovenantofBorrowerhereunderorofanyotherPersonunderanyLoanDocument.
NoremedyhereinconferredonorreservedtoLenderisintendedtobeexclusiveofanyotheravailableremedyorremedies,buteachsuchremedyshallbecumulativeandshallbeinadditiontoeachotherremedygivenunderthisAgreementortheotherLoanDocumentsornow
orhereafterexistingatlaworinequity.Ifanyrightorremedygrantedhereinisheldtobeunlawful,
LendershallbeentitledtoeachotherrightandremedyprovidedinthisAgreementandbylawot
inequity.No delayoromissioninexercisinganyrightorpoweraccruingonanydefault,omission
or failureof performance hereunder or under the Loan Documents shallimpair any such rightor
powerorbeconstruedtobeawaiverthereof,butanysuchrightandpowermaybeexercisedfrom
timetotimeandasoftenasisdeemedexpedient.IfanytermofthisAgreementisbreachedbyBorrower and isthereafterwaived by Lender,thatwaiver shallbe limitedto the particularbreach
sowaived,andshallnotbedeemedtowaiveanyotherbreach.Nowaiver,amendment,releaseor
modificationofthisAgreementshallbeestablishedbyconduct,customorcourseofdealing,but
solelybyadocumentsignedbyLender.InordertoentitleLendertoexerciseanyremedyreserved
toitinthisSection,itshallnotbenecessarytogiveanynotice,otherthananynoticebeherein
expresslyrequired.

LoanAgreement(RevisedJan.2023) 27
Section 8. Additional _Local_and Federal Requirements Applicable to Borrower. In
additiontotheProgramRequirements,BorrowershallfullycomplywiththefollowingFederalandDistrictrequirementsastheymay beapplicabletoBorrower,theProjectortheProperty,
includingimplementationofsuchrequirementsthroughhandbooks,guidesandnotices,andallfutureupdates,changesandamendmentstheretoapplicabletoBorrower,theProjectortheProperty,astheybecomeeffective:
(a) CompliancewithEqualOpportunityObligationsinContracts(AffirmativeActionPlan)— Mayor's Order 1985-85;
(b) CertifiedBusinessEnterpriseRequirements— D.C.OfficialCode§2-218.46er
seq.;
(©) D.C.HumanRightsActof1977~ D.C.OfficialCode§2-1401.1efseq.;
(@) FairCriminalRecordScreeningforHousingActof2016— D.C.OfficialCode
§42-3541.01efseq.:
(e) FirstSourceProgram—D.C.OfficialCode§2-219.01efseq.;
(0) Freedomof InformationAct—D.C.OfficialCode§2-531efseq.
(g) __InclusionaryZoningImplementationActof2006—D.C.OfficialCode§6-1041.01
etseq.;
(h) RelocationAssistance— 10BDCMR Chapter22;
(i) RentalHousingActof1985—D.C.OfficialCode§42-3501.01efseq.;
() RentalHousingConversionandSaleActof1980— D.C.OfficialCode§42-
3401.01erseq.;
(k) Sections9aand9bofHistoricLandmarkandHistoricDistrictProtectionActof
1978,asamended—D.C.OfficialCode§6-1101efseq.;
() AgeDiscriminationActof1975— 42U.S.C.§6101etseq.,including,butnotlimitedto,implementingregulationsat24CFRPart146;
(m) AmericanswithDisabilitiesActof1990—42 U.S.C.§ 12101ers

qs
(n) BroadbandInfrastructurein HUD-FundedNew Construction& Substantial
Rehabilitation— 24 CFR § 891.
(0) CivilRightsActof1964-42U.S.C.§2000defseg.;
(p) ConflictofInterest—24 CFR §570.611;
(q)__Davis-BaconandRelatedActs—40U.S.C.§3141efseg.and42U.S.C.§5310:
40U.S.C.§3701etseq.;29CFRParts1,3,and5;
LoanAgreement(RevisedJan,2023) 28
seq.,including,butnotlimitedto,Federalrulesandregulationsat24CFR Part2429:
(i) TheFederalstatutoryandregulatoryrequirementsoftheDavis-BaconAct(40U.S.C.§3141efseq.)andtheContractWorkHoursandSafetyStandardsAct(40U.S.C.§3701etseq.)shallsurvivethetermof theLoan.TheDavis-BaconActrequires
thepaymentofprevailingwageratestoalllaborersandmechanicsonFederalgovernmentandDistrictofColumbiaconstructioncontractsinexcessof$2,000.TheDavis-BaconAct
laborstandardsalsoapplytothe“RelatedActs,”underwhichconstructionprojectsareassistedthroughFederalfundedgrants,loans,loanguarantees,andinsurance.Each
contractsubjecttoDavis-Baconlaborstandardsrequirementsmustcontaininfullthelaborstandardsclausessetforthin29CFR§5.5(a)relatingtominimumwages,apprenticesand
trainees,withholding,payrollsandbasicrecords,andliabilitiesandpenaltiesforviolations.ThemandatoryDavis-Baconcontractprovisions,theFederalLaborStandardsContract
Addendum(HUDForm4010),areattachedheretoasExhibitD andincorporatedheiThewagedeterminationapplicabletothisProjectisattachedheretoasExhibit
incorporatedherein.ThemandatoryDavis-BaconlaborprovisionssetforthandthewagedecisionsetforthinExhibitE mustbeincorporatedintheConstruction
Contractandeachsubcontractatanytier.

(a) Eachweeklypayrollstatementrequiredunder29CFR§3.3shallbedeliveredbythecontractororsubcontractor,withinseven(7)daysaftertheregular
paymentdateofthepayrollperiod,totheOfficeofProgramMonitoringatDistrict,of ColumbiaDepartmentofHousingandCommunityDevelopment,1800Martin
LutherKing,Jr.,Ave.,SE,Washington,DC 20020.(29CFR§3.4).

(b) Eachpayrollsubmittedshallbeaccompaniedbya“StatementofCompliance,”signedbythecontractororsubcontractororhisorheragentwho
paysorsupervisesthepaymentofthepersonsemployedunderthecontract.(29CER§5.5(a)(3)(ii)(B)).UpontherequestofLender,Borrowershallprovideor
shallcauseitscontractororsubcontractortoprovideforLender'sreview,anycontractorsubcontractuponwhichacertifiedpayrollisbased;
(©) EqualCreditOpportunityAct-15U.S.C.§1691efseq.;
(8) LeadSafeHousingRule(LeadBasedPaint)~24CFRPart35;
(®) GovernmentwideRequirementsforDrug-FreeWorkplace— 41U.S.C.§701et

(u) FairHousingActof1968— 42U.S.C.§3601etseq.,including,butnotlimitedto,
implementingregulationsat24CFRPart100;
(v) HatchAct—5U.S.C.Chapter15;
(w) Ni

ionalEnvironmentalPolicyAct of 1969— 42 U.S.C.§ 4331 efseq.,including,
butnotlimitedto,implementingregulationsat24CFRPart50or58,asapplicable;
(x) Nonprocurement,DebarmentandSuspension—2CFRPart2424;
(y)___RestrictionsonLobbying—24CFRPart87;
LoanAgreement(RevisedJan.2023) 29
(2)_ Section3oftheHousingand UrbanDevelopmentActof1968- 12U.S.C.§ 1701uetseq.,including,butnotlimitedto,implementingregulationsat24CFRPart75.InaccordancewithLender’spolicyforHPTFloans,duringconstructionoftheProject,Borrowershallcomplywithandcauseitssuccessors,assigns,andagentstocomplywith24CFRPart75.TheSection3requirementappliestoassistancethatexceeds$200,000.00orwherethecontractorsubcontract,exceeds$1,000,000.00,BorrowershallorshallcauseitscontractorstoincludetheSection3ContractAddendumattachedheretoasExhibitF andincorporatedhereininanycontractsorsubtractssubjecttheSection3requirements:

(aa)Section106oftheNationalHistoricPreservationActof1966-16U.S.C.§470er
‘seq.,including,butnotlimitedto,implementingregulationsat36CFRPart800;
(bb)Section504ofRehabilitationActof1973—29U.S.C.§794efseq.,including,but
notlimitedto,implementingregulationsat24CFRPart8;
(cc)UniformAdministrativeRequirements,CostPrinciples,andAuditRequirements
forFederalAwards~2CFRPart200;
(dd) Uniform RelocationAct — 42 U.S.C.Chapter61;and
(ce)ViolenceAgainstWomenAct(“VAWA”)- 42U.S.C.§§13701-14040.TitleVI
oftheViolenceAgainstWomenReauthorizationActof2013,SafeHomesforVictimsofDomesticViolence,DatingViolence,SexualAssault,andStalking,expandedtheapplicabilityof
theActtotheLowIncomeHousingTaxCreditprogram.VAWA protectsbothchildandadultvictimsofdomesticviolence,datingviolence,sexualassault,andstalking.AllownersandmanagersshallcomplywiththerequirementsofthisActandshallusetheapplicableVAWA
forms,including,butnotlimitedto,theHUD-5380NoticeofOccupancyRightsundertheViolenceAgainstWomenAct,HUD-5381ModelEmergencyTransferPlanforVictimsof
DomesticViolence,DatingViolence,SexualAssault,orStalking,HUD-5382CertificationofDomesticViolence,DatingViolenceorStalking,andAlternateDocumentation,HUD-5383
EmergencyTransferRequestforCertainVictimsofDomesticViolence,DatingViolence,SexualAssault,orStalkingandHUD-91067VAWA LeaseAddendum.
8.1. DutytoComplywithLenderComplianceCertifications.TheBorroweracknowledges
thatanymisrepresentationofinformationorfailuretocomplywithanyagreementcontainedinitscertificationstocomplywithfederalandDistrictlawsandregulationsgoverningfairhousing,equalopportunity,accessibilityandaffirmativemarketingrequirementsapplicabletotheProject
shallbe deemed an Eventof n Default.

Section9. ConflictOfInterest/LimitofLiability
9.1.1.FederalandDistrictlawsstrictlyprohibitanypersonwhoexercisesorhhasexercisedanyfunctionsorresponsibilitieswithrespecttoLender-assistedactivitiesorwhoisinapositiontoparticipateinadecisionmakingprocessorgaininsideinformationwithregardtosuchactivitiesfromobtainingafinancialinterestorbenefitfromaLender-assistedactivity,orhaveafinancialinterestinanycontract,subcontract,oragreementwithrespecttoaLender-assistedactivity.Further,asitrelatestotheprocurementofsupplies,equipment,constructionandservices,recipientsandsubrecipientsofloanfundsfromLenderareheldtotheconflictofinterest

LoanAgreement(RevisedJan.2023) 30

provisionsoftheProgramRequirements.Inadditiontothegeneralconflictofinterestprohibition,thesesectionsrequirethatfundrecipientsmaintainwrittenstandardsofconductgoverningtheperformanceofitsemployeesengagedintheawardandadministrationofcontractstoaddresstheprohibitionagainstanyrealorapparentconflictofinterest.BorrowershallsubmitacopyofitsconflictofinterestpoliciesandprocedurestoLenderwithinfifteen(15)daysoftheClosingDate.
9.1.2.Nomember,official,oremployeeofLendershallbepersonallyliableto
BorroweroranysuccessorininterestintheeventofanybreachofthisAgreementbyLenderorforanyamountwhichmaybecomeduetoBorroweroritssuccessorsorassignsonanyobligations
underthetermsof thisAgreement.

Section10. NoticeofNo InaccordancewiththeD.C.HumanRightsActof1977,asamended, Code§ 2-1401.01efseq.(the“HumanRightsAct”),theDistrictof Columbiadoesnotdiscriminateonthebasisofactualorpereeived:race,color,religion,nationalorigin,sex,age,maritalstatus,personalappearance,sexualorientation,genderidentityorexpression,familialstatus,familyresponsibilities,matriculation,politicalaffiliation,geneticinformation,disability,sourceofincome,statusasavictimofanintrafamilyoffense,placeofresidenceorbusiness,andstatusasavictimorfamilymemberofavictimofdomesticviolence,asexualoffense,orstalking.Sexualharassmentisa formofsexdiscrimination,whichisalsoprohibitedbytheHumanRightsActandisprohibitedbyMayor'sOrder2017-313(SexualHarassmentPolicy,GuidanceandProcedures).Inaddition,harassmentbasedonanyoftheaboveprotectedcategoriesisalsoprohibitedbytheHumanRightsAct..

Section11, Freedomof InformationAct.

11.1TheDistrictofColumbiaFreedomof InformationActof1976,Pub.L.90-614D.C.
OfficialCode§§2-531-539(the“EOIA”)providesforthedisclosureofpublicinformation.Specifically,thelawprovidesthat“anypersonhasarighttoinspect,andathisorherdiscretion,
tocopyanypublicrecordexceptasexpresslyexemptedbytheFOIA.Further,a“publicrecord”hasbeendefinedbytheDistrictofColumbiaPublicRecordsManagementActof1985as“anydocument,book,photographicimage,electronicdatarecordingpaper,soundrecording,orother
materialregardlessofformorcharacteristic,madeorreceivedpursuanttolaworinconnectionwiththetransactionofpublicbusinessbyanyofficeroremployeeoftheDistrict.”D.C.Official
Code§2-1701(13)(2008).BorroweracknowledgesthatLenderissubjecttotheFOIA.

11.2InformationordocumentationsubmittedtoLenderpursuanttothisLoan,orin
connectionwiththetransactionofthebusinessofLender,issubjecttopublicdisclosureinresponsetoaFOIArequest.Therefore,informationthatBorrowersubmitstoLender,ifnot
specificallyexemptedbyD.C.OfficialCode§2-534oftheFOIA,maybedisclosedtothepublic
uponaproperrequest.

Section12. AntideficiencyActLimitations.Notwithstandinganyotherprovisionofthis
Agreementtothecontrary,anyandallprovisionswhich,may,couldorappeartoobligateLenderareandshallremainsubjecttothelimitationsoftheAntideficiencyAct,prescribedunder31U.S.C.§§1341,1342,1349and1351,asmadeapplicabletotheDistrictofColumbiaunderD.C.
OfficialCode§47-105;§§47-355.01—355.08,astheforegoingstatutesmaybeamendedfrom
31

LoanAgreement(RevisedJan.
timetotime(2001ed,).Ifsuchprovision(s)shallbeinviolationoftheAntideficiencyAct,thatparticularprovision,asapplicabletoLender,shallbevoidabinitio.

Section13. Miscellaneous
13.1.ReimbursementofDisbursementsMade orOtherCostsIncurredbyLender,
IfBorrowerfailstomakeanypaymentortoperformanyotherofitsobligationshereunder,Lender,afternoticetoanddemandonBorrower,withoutwaivinganydefaultorreleasingBorrowerfromanyofitsobligationshereunder,andwithoutbeingunderanyobligationtodoso,maymakesuchpaymentorperformanyoftheparty’sobligations.AllamountssopaidbyLender,andallfeesandothercostsincurredbyLender,whetherinconnectionwithsuchpaymentorsuchperformanceor‘otherwiseinconnectionwithitsdutiesandresponsibilitiesunderthisAgreementandtheotherLoanDocuments,shallbeimmediatelydueandpayablebyBorrowerondemandtherefor,asadditionalpaymentshereunder,withinterestthereonasprovidedinSection13.2.Inaddition,notwithstandinganythinginthisAgreementtothecontrary,ifBorrowerdefaultsunderanytermofthisAgreement,andLenderemploysattorneysorincursotherexpensesforcollectionofamountsduehereunderorenforcementofperformanceorobservanceofanyobligationoragreementbyBorrowerherein,BorrowershallondemandthereforpaytoLenderallAttorneys’FeesandCosts.

13.2,InterestonAdditionalPaymentsandReimbursements.Withoutlimitingany
othertermsforthepaymentofinterest,additionalinterest,latecharges,premiumsorlikechargesundertheLoanDocuments,inanyinstanceinwhichanysumotherthanprincipal,premium(if
any),andinterestisduefromBorrowertoLenderasadirectpayment,reimbursementorotherwise,andnospecificprovisionismadeastothepaymentofinterestthereonortherateofinterestthereon
isnototherwisespecified,thesumshallbearinterestfromthedateonwhichitbecomesdueuntilpaidinfullattheDefaultInterestRate(asdefinedintheNote).
13.3.IndemnificationofLender.
13.3.1.ClaimsinConnectionwiththeProject.ExceptwhereitistheresultofLender'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,untilthisAgreementisterminated,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,agentsorrepresentativesinconnectionwithanyofthemattersmentionedin
thissubsection,providedthatLendergivesBorrowertimelyNoticeofandforwardstoBorrowereverydemand,notice,summonsorotherprocessreceivedconcerninganyclaimwithinthe
purviewhereof.
13.3.2.ApprovalsofProject,No inspectionsorapprovalsoftheProjectby
LenderduringorafterconstructionshallconstituteawarrantyorrepresentationbyLenderorany
ofitsagentsastothetechnicalsufficiency,adequacyorsafetyofanystructureoranyofitscomponentparts,includinganyfixtures,equipmentorfurnishings,andsuchapprovalsor
inspectionsshallnotconstitutesuchawarrantyorrepresentationastothesubsoilconditionsoranyotherphysicalconditionorfeaturepertainingtotheProject.Allacts,includinganyfailureto
act,relatingtotheProjectbyanyagent,representativeordesigneeofLenderareperformedsolelyforthebenefitofLendertoassurerepaymentoftheLoan,andarenotforthebenefitofBorrower
oranyotherPerson.
13.4.Nonassignability,NeithertheLoannoranydisbursementthereundermaybeassignedbyBorrowerwithoutLender’spriorwrittenconsent.NeithertheLoannorany
disbursementsthereundershallbesubjecttotheprocessofanycourtonlegalactionbyoragainstBorroweroritsprincipals,officers,directorsorshareholdersorbyoragainstanyoneclaiming
underorthroughBorroweroritsprincipals,officers,directorsorshareholders.ForpurposesofthisAgreement,theLoanshallremaininthecustodyofLenderuntilBorrowercomplieswithall
provisionshereof,exceptthatnothinghereinshallbedeemedtomodify,affectorsubordinatetheobligationsheretoforegivenortobegivenbyBorrowerassecurityfortheLoan,allofwhichshallbeandremaininfullforceandeffect,thisAgreementbeingintendedonlyasadditionalsecurity
andprotectionfortheLoanandtoassureitsuseforthepurposesintendedbyLender.
13.5.LiabilityofLender,AllconditionsoftheobligationsofLenderhereunder,includinganyobligationtomakedisbursementsundertheLoan,areimposedsolelyandexclusivelyforthebenefitofLenderanditssuccessorsandassigns,andnootherPersonshallhavestandingtorequiresatisfactionofsuchconditionsinaccordancewithitstermsorbeentitledtoassumethatLenderwillrefusetodisbursesumsundertheLoanintheabsenceofstrictcompliancewithanyandallthereof.NootherPersonshall,underanycircumstances,bedeemedtobeabeneficiaryofsuchconditions,anyandallofwhichmaybefreelywaivedinwholeorinpartbyLenderatanytimeifinitsdiscretionitdeemsitdesirabletodoso.

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
or action arising out of this Agreement. Notwithstanding the above, Borrower shall have the right
to change its Registered Agent, in which event Borrower shall give written notice to Lender of any
such change, including a current address.
13.8. No Third Party Beneficiaries. The terms and provisions of this Agreement are for
the benefit of the parties hereto, and no other person shall have any right or cause of action on
account hereof.
13.9. Counterparts. This Agreement may be signed in counterparts, any of which
together with all executed signature pages shall constitute a fully executed and binding agreement.
13.10. Notices. All notices, requests and demands on the respective parties hereto (each,
a "Notice") shall be given in writing, and deemed to have been given three (3) business days after
having been sent to Lender or Borrower, as applicable, at its respective address listed below, by
regular and certified US mail, or one (1) business day after having been delivered by courier or
overnight delivery service to the appropriate party at the address listed below and with receipt for
delivery or refusal of delivery. Copies of notices to the entities listed below to receive copies shall
be sent by regular mail or electronic mail. Any party or entity may change its address to receive
notice or copies thereof by sending a written notice of the change to all other parties or entities
listed below.
If to Lender:
with copy to:
If to Borrower:
with copy to:
D.C. Department of Housing and
Community Development
1909 Martin Luther King Jr. Avenue, S.E.
Washington, D.C. 20020
Attn: Director
D.C. Department of Housing and
Community Development
1909 Ma1tin Luther King Jr. Avenue, S.E.
Washington, D.C. 20020
Attn: General Counsel
The Clara on Martin Luther King Jr Avenue
LLC----------
1227 Marion Barry Avenue, Suite 107 Box #5 S.E.
Washington, D.C._20020 _________ _
Banneker Ventures ______ _
1227 Marion Barry A venue, Suite I 07 Box #5 S.E.----
Washington, D.C 20020 ________ _
Loan Agreement (Revised Jan. 2023) 34
13.11.Amendment.ThisAgreementmaybeamended,andBorrowermaytakeanyaction
hereinprohibited,oromittoperformanyactrequiredtobeperformedbyBorrower,onlyifBorrowerobtainsLender’spriorwrittenconsenttosuchamendment,actionoromissiontoact.
13.12.Survival_ofAgreements.Allagreements,covenants,representationsandwarrantiesofBorrowermadeinthisAgreementshallsurvivetheexecutionanddeliveryofthis
AgreementandtheotherLoanDocuments,andthemakingofalldisbursementshereunder,regardlessofany investigationmadebyoronbehalfofLender.
13.13.EntireAgreement;SuccessorsandAssigns;TimeofEssence.ThisAgreement
andtheotherLoanDocumentscontaintheentiretermsoftheagreementwithrespecttotheLoan,
andnorepresentations,inducements,promisesoragreementsbetweenBorrowerandLendernot
setforthhereinorintheotherLoanDocumentsshallbeofanyforceoreffect.ThisAgreementshallbebindingonandshallinuretothebenefitofBorrower,jointlyandseverally,andLender
andtheirrespectivesuccessorsandLender’sassigns,whethersoexpressedornot.Timeisofthe
essenceunderthisAgreement.
13.14.Severability.IfanyoneormoretermsofthisAgreementortheotherLoanDocumentsaredeemedtobeinvalid,illegalorunenforceableinanyrespect,thevalidity,legalityandenforceabilityoftheremainingtermshereinorthereinshallnotbeaffectedorimpaired
thereby,andshallbeenforceabletothemaximumextentpermittedbylaw.
13.15. Descriptive Captions; Headings. The captions and headings of the sections,
subsectionsandparagraphsofthisAgreementarefortheconvenienceofreferenceonly,andarenot consideredto be a parthereofand shallnot limitor otherwiseaffectany of the terms hereof.
13.16,Construction.Asusedherein,allreferencesmade(i)intheneuter,masculineorfemininegendershallbedeemedtohavebeenmadeinallsuchgenders,(ii)inthesingularorpluralnumbershallbedeemedtohavebeenmade,respectively,inthepluralorsingularnumberaswell,and(iii)toanysection,subsection,paragraphorsubparagraphshallbedeemed,unlessotherwiseexpresslyindicated,tohavebeenmadetosuchsection,subsection,paragraphorsubparagraphofthisAgreement.
13.17.GoverningLaw.ThelawoftheDistrictofColumbia(ignoringitsconflictsoflawsprinciples)shallgoverntheinterpretation,performanceandenforcementofthisAgreement.AllCitationstolegislationhereinshallmeanforsuchlegislationasofthedatehereof,andasmaybeamendedfromtimetotimeinthefuture.
13.18.ConflictwithProgramRequirements.Intheeventofa conflictbetweenthis
AgreementandtheProgramRequirements,theProgramRequirementsshallcontrol.
[Remainderofpageintentionallyleftblank]
LoanAgreement(RevisedJan.2023) 35
IN WITNESS WHEREOF, BorrowerandLenderhavecausedthisAgreementtobe
executedanddeliveredasofthedatefirstabovewritten.
LENDER:
DISTRICTOF COLUMBIA,amunicipalcorporation,actingbyandthroughtheDEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT

ColleenGreen
Director
ApprovedastoLegalSufficiency:
By

DonnetteCooperAssistantGeneralCounsel
[Signaturescontinueonfollowingpage]
LoanAgreement(RevisedJan.2023) 36
LoanAgreement(RevisedJan.2023)

BORROWER:
CLARA ON MARTIN LUTHER KING,JR.
AVENUE,(THE)LLC,a DistrictofColumbia
limitedliabilitycompany
By:ClaraonMartinLutherKingJr.,AvenueManagingMemberLLC,aDistrictofColumbia
limitedliabilitycompany,itssolememberand
manager
By:OCORLLC,aDistrictofColumbialimitedliabilitycompany,itsmanagingmeynber
President
By: 2313MARTIN LUTHER KING, JR.AVENUE MANAGING MEMBER, LLC,
DistrictofColumbialimitedliabilitycompany

oy:CronKoy—‘OmarA.Karim
President
37
EXHIBITA
SUMMARY OF LOAN TERMS
[Attached]
OMFIRM#41903568v25 Al

SUMMARY OF LOAN TERMS AND PROJECT DETAILS

|The ClaraonMLK
ClaraonMartinLutherKingJr.Avenue,(The)LLC

ProjectAddress: 2323MartinLutherKingJr.,AvenueSEWashington,DC20020
DHCDProjectManager:| BernardGuzman
FundingRound: 2019ConsolidatedRFP
LastUpdated: N/A
FundingDescription
GapFundingAmount:_| Amountnottoexceed$1,411,766.36
TaxCreditAllocation:| $09%LIHTC
FundingSource(s): X HousingProductionTrustFund(HPTF)
_ HOMEInvestmentPartnershipsProgram(HOME)
__CommunityDevelopmentBlockGrantProgram(CDBG)
__NationalHousingTrustFund(NHTF)
__DepartmentofBehavioralHealth(DBH)
__CDBG-Section108LoanGuaranteeProgram

_ Other/Specify)
ProductType: _X_LoanrepayablefromNetCashFlow
Grant
blePurposeand X Acquisition(includingrefinancinganacquisitionloan)
Uses: X_ SoftCosts,includingPredevelopmentandFinancingCosts
X NewConstruction-HardCosts
__.Rehabilitation- HardCosts
__.CashCollateralizationofTax-ExemptBonds
__CriticalRepairs(onlyselectifacquisitionfinancingonly)
_X_OtherHPTForfederally-eligiblecostsasdefinedintheDevelopmentProjectBudget(Form202)[Specify]

‘FundsmaybeusedtoreimbursepredevelopmentandacquisitioncostsatDFD'sdiscretion,regardlessofwhenthecostswereincurred.© EligibleusesmustbeidentifiedandapprovedintheForm202.
* DrawschedulewillbeestablishedpriortotheClosingDate.
LoanTerm: 42yearsfromtheClosingDate
InterestRate: 3%simpleinterest
‘AccrualstartsontheClosingDateonamountsdrawndown
Construction/Stabilization0monthsforconstructionplus0monthsforstabilization,includingPeriod: lease-upandconversion

RetainageAmount: ‘$0[Thelesseroftenpercent(10%)ofthe
constructioncontractortenpercent(10%)ofthe Loanamount]
RepaymentStart: ‘CommencesonMay1ofcalendaryearaftertheprojectedPlacedin
Servicedate(orcomparabledocumentationisprojectedtobereceived),‘subjectto Net Cash Flow waterfallin Deed of TrustNote
RepaymentSource: ‘TheLoanistoberepaidfromNetCashFlowandproceedsresultingfromanyCapitalTransaction,assetforthintheLoanDocumentsandBorrower'sorganizationaldocuments.

Recourse: |Non-recourse
CollateralPosition: ThirdprioritydeedoftrustonthePropertyandProject,includingallof
Borrower'sright,titleandinterestintheland,improvements,rentsand
leases,fixtures,personaltyandallcollaterallocatedonorusedinconnectionwiththeProject.
‘Tax-Exempt/Taxable__4%LowIncomeHousingTaxCredits(LIHTC)~Amount:[SX]
Bonds/StateandFederal__9%LowIncomeHousingTaxCredits(LIHTC)~Amount:[SX]
LIHTC: ~StateLowIncomeHousingTaxCredits(DCLIHTC)~Amount:[SX]
= Short-termBonds~EstimatedAmount:[SX]=Long-termBonds~ EstimatedAmount:[SX]None
OtherSubsidiesAwarded|_X_LocalRentSupplementProgram(LRSP)
‘ThroughRFP: = AnnualContributionsContract(ACC)(PublicHousingOperating
Subsidy)__DepartmentofHumanServices(DHS)PermanentSupportiveHousing(PSH)CaseManagementSupportiveServices__Other:[Specify]
Other Non-RFP or __ Section8 Project-BasedSubsidy(i.e.,PBV or PBRA HAP contract)
ExistingSubsidies: =RentalAssistanceDemonstration(RAD)conversionortransferofassistance__ Annual ContributionsContract(ACC) (PublicHousing Operating
Subsidy)__DepartmentofBehavioralHealthoperatingsubsidyX_NonprofitAffordableHousingDeveloperTaxRelief

— Other:(Specify)
DistrictLand: |__PADD__ DMPED
ProjectDescription/ApplicationCommitments
ProjectType: X_Production__Preservation__PreservationandProduction
—_NetNewUnitsTotaling[#X]

~Rental_Homeownership__LimitedEquityCooperative
TotalUnitsinProject: 81units
TotalAffordableUnitsin 81units
Project:
LIHTCSet-Aside 40%of Unitsat60%MFIElection: _X_20%of unitsat50%MFI
__AverageIncome(SeeAverageMFIinTable2)
NA

|AffordabilityPeriod HPTF:
Restriction _X_Perpetual__99 years__62 years__ 52 years__42 years

Leverage: $2,213,239_MinimumDeferredDeveloperFeeCommitment
s Other:(Specify)
UnitAffordabilityMix Seetablebelow
andApplicableProgram(s):
IncomeLevelsServed:_|45%WeightedAverageMFIServed
Mixed-Income: Inclusionof20%+MarketRateUnits:_Yes _X_No
Minimumof10%ofunitsinthreeofthefollowingincomecategories:__Yes_X_No
© Opercentto30percentMFI:19%31percentto50percentMFI:81%‘©51percentto80percentMFI:[_]%© Market-rate(unrestricted,unsubsidized):[_]%
PermanentSupportive_X_20%__10%__5% (X]PSHunits
Housing(PSH): __None__Other:/Specify)
__DBHUnits
ScatteredSite__LimitedSite-Based__Site-Based
OfficeSpaceRequired?_Y_N
SecurityPlanRequired?_Y_N.
Family-OrientedUnits:| 30% 2+Bedroomunits30% 3+Bedroomunits
ProgramstoAddress _— Returningcitizens
AdditionalBarriersto __ Householdsofunknownimmigrationstatus
Housing: “Residentswithdevelopmentalorintellectualdisabilities
___Residentswithdiverselanguageneeds
Youthagingoutoffostercare
___HousingforPersonsWithAIDS
___Other(Describe):
HousingforOlderAdults:|___AssistedLivingthataccommodatesseniorsandpeoplewithGisabilities\__IndependentLivingthataccommodatesseniorsandpeoplewithGisabilites___Agerestrictedhousing55+
Age restrictedhousing62+

Homeownershipand ___Immediatehomeownershipopportunities
Wealth-Building:

___Structuredtotransfertotenantownershipaftertheicomplianceperiod

VacanciesfilledfromSection8andPublicHousingWaitingList:
QualifiedNon-ProfitMajorityOwnerwithROFR:
RighttoseekaQualifiedContractwaived:
GreenDesignandBuildingThresholdRequirements:
ResilientBuildingsandInnovativeDesign:
ResidentServices:
—_ Provideswealth-buildingservicesthatmaybetterpreparetenantsto
behomeowners
_X_Yes__No
__Yes__No
__N/Afornon-LIHTCprojects
_X_Yes(Noisnotanoption)
___NA fornon-LIHTCprojects
‘MinimumGreenBuildingCertificationRequired:
__X_2020EnterpriseGreenCommunitiesCriteria(EGC)(Fehabilitationprojectsofanysizeandnewconstructionbuildingslessthan50,000sf)
____2020EnterpriseGreenCommunitiesCriteriaPlus(EGC+)(newconstructionbuildingswithatleast50,000sf)
__ Level1AcceleratedSavingsRecognitionAltemativeCompliancePathway(ACP)OptionforcompliancewithDOE'sBEPS
(rehabilitationprojectsofatleast50,000sfifnotwaivedbyDOE due
tocurrentcompliance)
Other(withDHCD approval):[SpecifyJ_
SolarReady:_X_Yes(Noisnotanoption)SolarIncluded:_X_Yes__No
AdvancedCertification(s)orInnovativeDesignFeaturesPursued:
____2020EnterpriseGreenCommunitiesCriterion5.4AchievingZeroEnergy
_X__2020EnterpriseGreenCommunitiesPlus(EGCPlus)(Gehabilitationprojectsofanysizeandnewconstructionbuildingslessthan50,000sf)
_ TRUEZeroWasteCertification
____WholeBuildingLife-CycleAssessment(LCA)SupportedLow-
EmbodiedCarbonDesign
___EnterpriseGreenCommunitiesCriterion6.5EnvironmentallyjesponsibleMaterialSelectionforConcrete,Steel,andInsulation
__ Mass-TimberConstruction;and/orModularConstruction
____BuildingElectrification(noon-sitecombustion)
___UseofDOE ResilienceandSolarAssessmentTool
_X__PerResidentServicesPlan
%ofcoreservicecostsfundedoutsideofprojectbudget:___Upto33%Between33%and50%Over80%

Community-OrientedAmenities:
WorkforceDevelopment:
OtherProjectFeatures:
‘BudgetSource(checkallthatapply):DeveloperFeeFundraising_X_ OperatingBudget Other
ServicesOffered(checkallthatapply):
_X__ Training& EducationalProgramming— Academicand
EconomicEmpowerment
___ Training& EducationalProgramming ~ Environment,Healthand
Wellness____ResidentInvolvementandOrganizationalCapacity-Building__~ OnsiteDaycareServices
CommunityAmenities(checkallthatapply):___HighSpeedInternet(atleast5yearsatnocharge;entirebuilding)“Playground___Daycare/Preschool~~ Community/Multi-purposeRoom_X_FitnessCenter~~ OnsiteGrocer/FarmersMarket/FoodProvision/GardenHealthFacilityOnsiteIn-unitwasher/dryerA localapprenticeshipprogramexceedingminimum.apprenticeshiphoursworkedbyDCresidentsby10%ormore____ExceedingtheDistrict’sFirstSourceHiringrequirementby10%ormore___CertifiedBusinessEnterprise(CBE)participationof50%ormoreUtilizingoneormoreoftheDCGreenJobsorWorkforceDevelopmentPrograms_X_CommercialSpace(s):6,000SF Resident/CommunityAmenitySpaces:6,500SF—X—ParkingSpaces35spaces= “Other:[Describe]UtilizationofCondoorTaxLotRegimeforIneligibleUses‘AdditionalExplanation:DevelopmentTeamMembers

Developer/Sponsor:Developer/Sponsor1:BannekerVenturesDeveloper/Sponsor2(ifapplicable):
General ‘Non-ProfitMember(51%):MedinaLIFE
Partner/ManagingFor-ProfitMember(49%):2313MartinLutherKingJr,Avenue
‘Member: ManagingMemberLLC
GeneralContractor:__|HamelBuilders
Architect: dptpartners
‘ManagementAgent: Faria ment
DevelopmentConsultant:| DantesPartners
ConstructionManager: __|DantesPartners
‘SupportiveServices ‘CommunityConnections
Provider(PSH):
ResidentServices ‘CommunityConnections
Provider(Property-wide):
Other: I

Conditions

StandardConditions: ‘Compliancewithallapplicableregulationsandrequirements,includingbutnotlimitedtoOPM clearance,Councilapproval,and
standardDHCDduediligenceitems.
LoanRight-sizing.TheLoanisanot-to-exceedamountintendedtoprovidetheminimumgapfinancingneededtocompletetheProjectaftertakingintoconsiderationtheadditionalsourcesoffinancing,includingmaximizeddebt,equity,incomeandgrants,andanyProjectbudgetsavingsduetounspentcontingencyfundsorother
ccostsavings.TheLoanwillberight-sizedpriortotheClosingDate
andaftertheClosingDateasfollows:
A.PriortotheClosingDate:
i. Anyincreaseinnon-LendersourcesbetweenthedateofLender’sLoanReviewCommitteeapprovalandtheClosingDatewilldecreasetheLoanonadollar($1.00)fordollar(51.00)basis.Anexceptionmaybemadeforadditionalnon-LendersourcesraisedtofuundunanticipatedcostincreasesordecreasesinothersourcesavailablefortheProject.
ii,__ AnydecreaseinProjectusesbetweenthedateofLender'sLoanReviewCommitteeapprovalandtheClosing,DatewilldecreasetheLoanonadollar($1.00)fordollar
($1.00)basis.AnexceptionmaybemadefordecreasesinProjectusesmadetooffsetunanticipatedcostincreasesordecreasesinnon-LendersourcesavailablefortheProject.
iii,Borrowermustpursueallavailablesolar/greenbuildingfundsavailableintheDistrictofColumbiapriortotheClosingDate.IfBorrowersecuresoneormoresourcesofsolar/greenbuildingfunding,theLoan amount willbe reducedby thenet
proceedstotheProject(fundingminusrelatedcosts)fromthese
sources.IfBorrower isunableto secureone or more sourcesof
solar/greenbuildingfunding,BorrowermustprovideaffirmativeevidencethattheProjectisnotamatchforavailablefunds.
iv, AsrequestedbyLender,Borrowermustprovideexecutedcontractsor otherdocumentationacceptabletoLender
tosubstantiatesoftcostbudget lineitemsand to right-sizethe
Loanamountinaccordancewiththeserequirements.
B.AftertheClosingDate:
i. Anytemporaryusesoffunds,ifapplicable,shallbereturnedtoLendertodecreasetheLoanona dollar($1.00)fordollar($1.00)basis,includingfundingforanyrefundeddepositsorfinancingfeesinitiallyrequiredbyDistrictagencies,lenders,
orotherparties.

ii, LenderwillreducetheLoanonafiftycents($0.50)foreverydollar($1.00)basisforanyothernetreductioninthetotal‘costsshownintheProjectBudgetduetounspentcontingencyfunds,remainingfundsinapplicableshort-termreserves,or‘otherbudgetsavings,unlessthecostsavingsareutilizedtoateddecreaseinotherProjectsources.

iii,LenderwillreducetheLoanonafiftycents($0.50)foreverydollar($1.00)basisforanyincreaseinfundingthatiscommittedtotheProjectaftertheClosingDateoverandabovethefundingsourcesinthefinalProjectBudget,includinganyadditionalseniorloanproceeds,unlesstheincreaseinfundingisobtainedfromanon-LendersourcetocoveranunanticipatedinereaseinProjectcostsoradecreaseinotherProjectsources.
3. Reserves.The Borrower's organizationaldocuments must contain
thefollowinglanguage:Intheeventthereplacementoroperatingreserve,ifapplicable,arenotusedforitsintendedpurpose,anyfundsremaining insuch reservesattheendof the taxcredit
‘complianceperiodoruponthesaleoftheproperty,whicheverisearlier,mustremainwiththeProject,butmaybeusedtoreduceany
‘outstandingdebton the Projectwith Lender’sconsent.

4, RepaymentRelatedRequirements.
A.NetCashFlowWaterfall.ForthedistributionofNetCashFlow,Lender’sminimumstandardwaterfallisasfollows:
i Investor'sassetmanagementfee,whichissubjecttoLender’slimit;describedinsubparagraphS(5)below(the“Fee
Limit");i Otheramountsowedtoinvestor(taxliability,adjusters);
Replenishmentofoperatinganddebtservicereserves,Judinganyadvances,onlyifrequiredbyseniorlenderand/or
investor;iv. _Partnership/Companymanagementfee,whichissubjecttotheFeeLimit
Vv. Untilthedeferreddeveloperfeeispaidinfull,90%topaythedeferreddeveloperfeeand10%topaytheLoan;and
vi. Afterthedeferreddeveloperfeeispaidinfull,75%topaytheLoan.
vii, Ifapplicable,anydeferredpropertymanagementfee(ifagentisanaffiliateofBorrower),sponsor/managingmemberloans,accruedpartnership/companymanagementfees,accruedinterestondeferreddeveloperfee,orotherliabilitiesmayberepaidfromNetCashFlowaftertheprioritieslistedabove.

B. FeeLimit.Theinitial,aggregateamountoftheFederalLIHTCinvestor'sassetmanagementfeeandthePartnership/Company

managementfeecannotexceedthelesserof$15,000or$200per
unitperannum.Eachfeecanincreaseby3%annually,subject
toinvestorapproval.
C.NetCapitalProceedsWaterfall.Forthedistributionofnet,proceedsresultingfromanyCapitalTransaction,Lender
requiresthatthefirstpriorityinthewaterfallbepaymentofany
debtsowedbyBorrowerinorderoflienpriority/recordingorder,exceptthoseduetothepartners/membersofBorrower

and/ortheiraffiliates.
SpecialConditions: 1.None
Definitions
CapitalContribution:Theamountofmoneyorthefairmarketvalueofotherproperty

CapitalExpenditures:
CapitalTransaction:
ClosingDate:
NetCashFlow:
OperatingExpenses:
contributedtoBorrowerbyitsmembers/partnersinaccordancewiththe
Borrower'sorganizationaldocuments.
‘CustomaryandreasonablecostsandexpensesincurredbyBorrowerin
connectionwithcertainmajorrepairs,replacementsandimprovements
oftheProjectwhicharenormallycapitalizedundergenerallyaccepted
accountingprinciples,including,butnotlimitedto,theperformanceof
worktotheroofs,chimneys,gutters,downspouts,paving,curbs,ramps,driveways,balconies,porches,patios,exteriorwalls,exteriordoorsand
doorways,windows,elevators,interiorwalls,appliances,carpeting,
painting,vinylflooring,plumbing,plumbingfixtures,countertops,
cabinets,waterheaters,electricalsystems,electricalfixtures,clubhouse
repairs,pool,spa,landscaping,fences,gates,parkingareas,carports,garages,sidewalks,lightfixtures,shingles,woods,bricks,stucco,
securitysystems,smokedetectors,stairs,boilers,laundryroom,window
treatments,bathvanities,bathtubsandmechanicalandHVACequipment.‘AnytransactionoutoftheordinarycourseofBorrower'sbusinessthatis
capitalinnature,includingwithoutlimitation,thedisposition,whether
bysale(exceptwhensuchsaleproceedsaretobeusedpursuanttoa
planorbudgetapprovedbyallofBorrower'smembers/partners),casualty(wheretheproceedsarenottobeusedforreconstruction),
condemnation,refinancingorsimilareventofanypartorallofthe
Project.|Dateofintialfinancialclosing.
OperatingRevenueless(a)OperatingExpenses(includingrequiredreserveamounts),(b)must-paydebtservice,(c)paymentsforCapital
Expendituresthatexceedapplicablereservesorothersources,as
approvedbyLender.“OperatingExpenses”shallmeanwithrespecttoeachfiscalyearorportionthereof,thesumofthefollowingcashexpendituresandall
‘expensesunpaid,butproperlyaccrued,thatareincurredincidenttothe
operationoftheProjectbyBorrowerduringsuchperiod:operatingcosts,
incurredbyBorrowerforthemanagement,operation,cleaning,leasing,
‘marketing,andmaintenanceoftheProject,includingwithoutlimitation
‘wages,payrollandaccountingcosts,utilities,maintenancecostsother

OperatingRevenue:
PlacedinServiceDate:
‘thanCapitalExpenditures,licensefeesandbusinesstaxes,theproperty
‘managementfee,excepttotheextentsuchfeeisdeferredandpaidfrom
availableNetCashFlow,applicationfees,compliancemonitoringfees,
andanydelinquentrentthatiswrittenoff;;reasonablemonthlyreserves
forallrealestatetaxesandassessmentsimposedupontheProjectand
requiredtobepaidbyBorrower,butonlytotheextentsuchtaxesand
assessmentsarepaidorsetasideasareservebyBorrowerduringsuch
fiscalyear;reasonablemonthlyreservesforinsurancepremiums;andrequireddepositsintothereplacementreserveandotherreservesorescrowaccounts.
‘Theterm“OperatingExpenses”shallnotincludeanyofthefollowing:depreciation,amortization,depletionorothernon-cashexpenses;must-
paydebtservice;allcosts,liabilitiesandexpensesassociatedwith
acquiring,constructing/rehabilitating,developingoroperatingthe
Project,including,butnotlimitedto,thosecostsreflectedintheForm202andincludingpaymentofthedeveloperfee(netofanydeferred
developerfee),whichhavebeenincurredto(i)acquiretheProject,(ii)
achievethePlacedinServiceDate,(ii)remedyanydefectsintheconstructionoftheProjectand/oranyvarianceinconstructionfromthe
PlansandSpecificationsthatisdiscoveredwithinone(1)yearafterialoccupancyofallofthehousingunitsorshouldhavebeen
discoveredwithinsuchtimeperiodandisdiscoverednotlaterthanthree
(3)yearsafterinitialoccupancyofallofthehousingunits,(iv)all
OperatingExpensesandmust-paydebtserviceattributabletotheperiod
priortothePermanentLoanClosingDate,(v)theinitialfundingofany
requiredreservesandescrowsintheamountsapprovedbyLenderasof
theClosingDate,and(vi)achieveconversiontopermanentfinancing;
‘andanyotherfeesorpaymentscontingentonavailableNetCashFlow.
Allactualcollectedrevenuereceivedfromrents,leasepayments,andall
othersources(includinganyreleaseoffundsfromreservesorescrows),
bbutexcludingtenantsecurityorotherdeposits(excepttotheextent
forfeitedtoBorrower);CapitalContributionsandinterestthereon;proceedsfromCapitalTransactions;interesteamedonreservesnotavailablefordistribution;andnetproceedsofanyinsurance(includingrentallossorinterruptioninsurance),otherthanfireandextended‘coverageandtitleinsurance,totheextentnotusedforrebuildingoftheProject.
thedatethattheProjectreceivesacertificateofoccupancyfromthe
DistrictofColumbiagovernmentcertifyingthatthedevelopmentofthe
ProjectiscompleteandtheProjectcanbeoccupiedbytenants.Inthe
‘eventthattheProjectdoesnotneedacertificateofoccupancytobe
‘occupiedbytenants,thenthePlacedinServiceDateshallbethedateof
substantialcompletionoftheProjectascertifiedbytheProjectarchitect.

AES4DENTIAL INCOME
{t,(0,�- - Mldwrl
- - - /lws
St.do 10 5w. '
IBto-.... 10 )0)( N
IIW°"" z.o 5w. 7
l!Moom to 50"1. 11
3Bfo-OOIII to 50o: 21
101, 11
Unit Affordability Mix and Applicable Program(s)
Table 1
PROJECT l.\'C0.1/E :l.\'D DEJ"ELOP.\/£.\'T PROGR.-1.\/ Sr.lL\URI"
�cl li>t!>.Y � Ill«.� ,,.,,,lf'l,d ;_,P;,d _,.,.. l,I.V1IIIIJ
{� /11,1Nlllrll} - ...... ,,, ltlt;H" RI,,-- {t,( -
IX HS f " I LIii s llll I UIS I
I'll< llO P$H lRSP t LIii I 1111 I, �IGO, l
IX Ill) I 71 t ll!O I Ult t IJI! l
)0)( $l5 f Iii t llll s L451 I l<JIS I
)0)( LIii I 111 I Lit! I Lffi t "'4� I
IIOlC II.loll I J "'"' I
AM<:,/
-
lt,IQ
l<UOII
IIU!1
411,711
,Km
lll4.l15
Y"""1•C.-louA1cw .. •/T"'�"-"-'f"""!flllt/ I ioo-1.I � lL..Jm!!! Efftclkit Gfos.s htcon1rlUMts (Tcw/lW"lltllNtVfJf fKJhf/AJr:i.-Wt/
SUMMARY. MEDIAN FAMILY INCOME Of AFFOROAlllE UNITS
tofu.ii, MnMFtx X ol Uoi<s XolTot,iSF X ol Alfor4,W. S It
• TENANT PAID UTILITIES ,,,,,,.,,1,,.,, .,.,_,:tMtJ. ,h1i/i/;,s "" ,.;u,,,,,.,,1
f;! AIC�(dte::w!!J=--------
2t lOX l!X llX llX l<Hot 0 Hous-a....:,.,1,,.,,,_'",1ot"1._ ______ _
II lo))( 1IX l1X l1X .. � ... □ Coou>Jfdt•�.__ _______ _
I '°" ox ,iQl!IZ f;! Ho<W�(dtwot,_ ________ _
I 1:1% ox LRSPmlTo< !IX 0 H+M(dtwot)
Affl/lf♦ MFI ol U.ks: l!x IIIX - is,c 0 Olht<(dts<t,N)
Tot&I Crou s..,.,, Fut of Ptojtct:,..... ___ _
I ,,.
NON RESIDENTIAL INCOME
Ot1�dlwJol.t/:, $,ft �- IMJII
Soi¥SAEC- t I__!
l,.r,drhcomt 0 0 I
Mscwomt I
I
l
101,Ncl>ludtrd, 0 t I
YK...,Aloo--♦ (Tt'i�A,Y,Jl/-.,,r,,,,,,,/IJI,) I 000,. J__
Effudwt G,oss IMOMtlN0•1-1tsUt1Ui� SpJct (!C'tJIXAxvl�- ►'irJl'Jtf� J__
s;u ..... : ... r. ........ 1 .... -.. 1 .. -t"L,.u.�:.,...._,.J._..,,-.,,--..,..o.1,,....,,1 . ,,., ...
EXHIBITB
GENERAL CONDITIONS
This Commitment shallbe subjecttothefollowingtermsand conditions:
A.

Financing,ClosingontheLoaniscontingentuponBorrowerclosingonallnon-LenderfinancingneededtocompletetheentireProjectasshownintheProjectBudget.
NoLiability.Lenderwillnotberesponsibleorliableforanydamages,consequentialor
otherwise,thatmaybeincurredorallegedbyanypersonorentity,includingBorrower,asaresultofthisCommitmentortheLoan,whetherornottheLoanisconsummated
NoAssignment.ThisCommitmentisforBorrower'sbenefitonly,andnootherpersonor‘entitymayobtainanyrightsunderthisCommitmentorbeentitledtorelyorclaimrelianceonthisCommitment’stermsandconditions.ThisCommitmentmaynotbeassignedbyBorrower,andnoneofBorrower'srightsunderthisCommitmentmaybetransferredwithoutLender’spriorwrittenconsent.
Indemnification.Borrower,itssuccessors,andassignsagreestoindemnifytheDistrictofColumbiaandLenderagainstanyandallclaims,losses,damages,liabilities,costsand
expenses(including,forexample,feesandexpensesofcounselandcourtcosts)whichmaybeincurredbyanyoftheminconnectionwithanyinvestigation,litigationorotherproceedingarisingfromtheexecutionandperformanceofthetermsoftheCommitmentin
anymannerwhatsoever,ortheproposeduseofproceedsoftheLoan,exceptfortheirown,grossnegligenceorintentionalmisconduct.Borrower'sindemnificationobligationsarein
additiontoanyother liabilityitmayotherwisehave,andshallsurvivetheterminationof
thisCommitment.

No Misrepresentation.ThisCommitmentisissuedinrelianceontheinformationprovidedtoLenderbyBorrowerinconnectionwithBorrower'srequestfortheLoanandinformationcontainedinanysupportingdocumentsandmaterialfurnishedbyBorrower.
LendermaycancelthisCommitmentifthereisanymisrepresentationormaterialinaccuracyinthatinformationoranyfailuretoincludematerialinformationwiththeLoanrequest.Lender’swillingnesstoprovidetheLoanissubjecttoitssatisfactionwiththe
business,assets,operations,conditionandprospectsofBorrowerandwiththeresultsofsuchotherotfurtherduediligenceasLenderbelievesappropriate.IfLender’scontinuingreview disclosesinformation(whetheror not previouslydisclosedtoLender) which would
likelyhaveamaterialadverseeffectonthebusiness,assets,operations,conditionorprospectsofBorrower,thenLender,initssolediscretion,maydeclinetoprovidetheLoan.

Publicity.Atitsoption,Lendermayannounceandpublicize,andorrequirethatBorrower
announceandpublicizethesourceofthefinancingcontemplatedbythisCommitmentinsuchmannerasLendermayelect,including,withoutlimitation,theplacementofa sign
fordisplayuponthePropertyuponwhichtheconstructionorrenovationistooccur.

Termination of Commitment. Inadditionto any otherreason forterminationpermitted
hherein,LendermayterminatethisCommitmentbynoticeinwritingtoBorrowerintheeventthat:

HPTFCommitmentRev.Jan.2023, Bel
1. Borrowershallfailorrefusetocomplyinatimelywaywithanyoftheterms,provisionsorconditionsofthisCommitment;
2. PriortotheclosingoftheLoan,anymaterialandsubstantialchangeadversetotheinterestsofLender,asdeterminedbyLender,shalloccurinthefinancialconditionofBorrowerortheLender-approvedguarantorsfromtheconditionsrepresentedintheLoanapplicationoranysupportingdocumentation;or

PriortotheclosingoftheLoan,BorrowershallconfirminwritingtoLenderthatBorrowerisunabletopayitsdebtsgenerallyastheybecomedueandthatBorrower
hasbeenappointedareceiverorfiledapetitioninbankruptcyorforreorganizationof BorrowerpursuanttotheFederalBankruptcyActoranysimilarlaw.Uponsuch
terminationofthisCommitmentunderthesecircumstances,theobligationsandanypossibleliabilitiesofLenderunderthisCommitmentshallceaseandterminate
withoutanyfurtheractionsrequiredonthepartofLender.
H. Waiver of Rights of Lender, Neitherthe failurenor the delay by Lender toexerciseany
right,option,powerorprivilegeunderthisCommitmentshalloperateasawaiverthereof,
norshallanysingleorpartialexerciseofanysuchright,option,powerorprivilegeprecludeanyotherorfurtherexerciseofthatoranyotherright,option,powerorprivilegebyLender,whetherinlaworinequity.
I. Severability.LenderconsiderseachprovisionofthisCommitmenttobeamaterialprovision,anditistheintentionofLenderthateachandeverytermandconditionofthisCommitmentshallbecompliedwithbyBorrower,andthatthefailuretofullyandpromptlycomplywithoneormoreofthetermsorconditionsofthisCommitmentshallrenderthisCommitmentunenforceable.
J. Modification.ThetermsandconditionsofthisCommitmentmaynotbemodified,
waived,orterminated,inwholeorinpart,unlessagreeduponinwritingbythepartieshereto.Noneofthetermsandconditionshereincontainedshallbeconsideredabrogated
orwaivedbyreasonofanyfailureorrefusaltoenforcethesame.

K. Time of Essence. Time shallbe of the essenceof each and every provisionof this
Commitment.
L. GoverningLaw.Anyrights,remediesorobligationshereundershallbeconstruedand
enforcedinaccordancewithfederallaws,lawsoftheDistrictofColumbiaandallprogram
requirementsofLender.
M. BORROWER WAIVES ANY RIGHT TO TRIAL BY JURY INANY ACTION OR
PROCEEDING RELATING TO THIS COMMITMENT, ANY DOCUMENTS
EXECUTED IN CONNECTION WITH THIS COMMITMENT OR ANY
TRANSACTION CONTEMPLATED IN ANY SUCH AGREEMENTS, IN EACH
CASE WHETHER IN CONTRACT OR TORT OR OTHERWISE; AND
BORROWER HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT
TRIAL WITHOUT A JURY, AND THAT LENDER MAY FILE AN ORIGINAL

HPTFCommitmentRev.Jan.2023 B-2
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF BORROWER TO THE WAIVER
OF THE RIGHT TO TRIAL BY JURY. BORROWER ACKNOWLEDGES THAT
THE FOREGOING WAIVER IS KNOWING AND VOLUNTARY.

N. EreedomofInformationActNotificati

1. TheDistrictofColumbiaFreedomofInformationActof1976(“DCROIA”),Pub.L.90-614,D.C.OfficialCode§§2-53 providesforthedisclosureofpublic
information.Further,a“publicrecord”is“anydocument,book,photographicimage,electronicdatarecordingpaper,soundrecording,orothermaterialregardlessofformorcharacteristic,madeorreceivedpursuanttolaworin
connectionwiththetransactionofpublicbusinessbyanyofficeroremployeeofthe District.”D.C.OfficialCode§2-1701,asamended.

2. Thisservesas Lender’snotificationto BorrowerthatinformationanddocumentationsubmittedtoLender,pursuanttothisCommitmentortheLoan,or
inconnectionwiththetransactionofthebusinessofLender,issubjecttopublicdisclosureinresponsetoaFreedomofInformationActrequest.AnyinformationthatisnotspecificallyexemptbyD.C.OfficialCode§2-534(a)oftheDCFOIA
maybediscloseduponproperrequest.

tsActof1977, O. NoticeofNor ation.InaccordancewiththeD.C.HumanRi

asamended,D.C.OfficialCode§ 2-1401.01efseg.,(the“Human RightsAct”),the
DistrictofColumbiadoesnotdiscriminateonthebasisofactualorperceived:race,color,
n,

religion,nationalorigin,sex,age,maritalstatus,personalappearance,sexualorientagenderidentityorexpression,familialstatus,familyresponsibilities,matriculatiopoliticalaffiliation,geneticinformation,disability,sourceofincome,statusasavictimofanintrafamilyoffense,placeofresidenceorbusiness,andstatusasavictimorfamilymember of a victimof domestic violence,a sexualoffense,or stalking.Sexual harassment
isa form of sex discrimination,which isalsoprohibitedby the Human Rights Act and is
prohibited by Mayor's Order 2017-313 (Sexual Harassment Policy, Guidance and
Procedures).Inaddition,harassmentbasedonanyoftheaboveprotectedcategoriesisalsoprohibitedbytheHumanRightsAct.

P. Criminal Background Screening. In accordance with the Fair Criminal Record
Screening forHousing Act of 2016, as amended, D.C. OfficialCode § 42-3541.01 efseq.,
theDistrictofColumbiapreventsunlawfulscreeningofahousingapplicant'scriminalbackground.The lawimposesseveralnew requirementsforrentalhousingproviders
including:(i)provisionofwrittennoticeofrenteligibilitycriteriatoapplicants;and(ii)notmakinganinquiryoraskinganyquestionsrelatedtoanapplicant'scriminalbackgroundorarresthistoryatanytimepriortomakingaconditionalofferofhousingtotheapplicant.Applicantswho believeahousingproviderhasviolatedthelawmay filea
freecomplaintwiththeOfficeofHumanRights
Q.— AntiDeficiencyLimitations.BorroweracknowledgesandagreesthattheobligationoftheDistricttofulfillfinancialobligationsofanykindpursuanttoanyandallprovisionsof
HPTFCommitmentRev.Jan.2023 B-3
thisCommitment,oranysubsequentagreemententeredintopursuanttothisCommitment
orreferencedhereinareandshallremainsubjecttotheprovisionsof:(i)theFederalAnti-DeficiencyAct,31U.S.C.§§1341,1342,1349,1351;(ii)D.C.OfficialCode§47-105;(iii)
theDistrictofColumbiaAnti-DeficiencyAct,D.C.OfficialCode§§47-355.01-355.08and(iv)D.C.OfficialCode§1-204.46,astheforegoingstatutesmaybeamendedfromtimetotime,regardlessofwhethera particularobligationhasbeenexpresslyso
conditioned.
R. Loan Right-Sizing.The Loan isa not-to-exceedamount intendedtoprovidetheminimum
gapfinancingneededtocompletetheProjectaftertakingintoconsiderationtheadditionalsourcesoffinancing,includingmaximizeddebt,equity,incomeandgrants,andanyProjectbudgetsavingsduetounspentcontingencyfundsorothercostsavings.TheLoanwillberight-sizedpriortotheClosingDateandaftertheClosingDateasfollows:
1. PriortotheClosingDate:
i. Any increaseinnon-Lender sourcesbetween thedateof Lender’sLoan Review
CommitteeapprovalandtheClosingDatewilldecreasetheLoanonadollar($1.00)fordollar($1.00)basis.An exceptionmay be made foradditionalnon-
Lendersourcesraisedtofundunanticipatedcostincreasesordecreasesinothersourcesavailableforthe Project.
ii,AnydecreaseinProjectusesbetweenthedateofLender’sLoanReviewCommitteeapprovalandtheClosingDatewilldecreasetheLoanonadollar($1.00)fordollar($1.00)basis,AnexceptionmaybemadefordecreasesinProjectusesmadetooffsetunanticipatedcostincreasesordecreasesinnon-LendersourcesavailablefortheProject.

Borrowermustpursueallavailablesolar/greenbuildingfundsavailableintheDistrictofColumbiapriortotheClosingDate.IfBorrowersecuresoneormore
sourcesofsolar/greenbuildingfunding,theLoanamountwillbereducedbythenetproceedstotheProject(fundingminusrelatedcosts)fromthesesourcesIfBorrowerisunabletosecureoneormoresourcesofsolar/greenbuildingfunding,BorrowermustprovideaffirmativeevidencethattheProjectisnotamatchforavailablefunds.
iv.AsrequestedbyLender,BorrowermustprovideexecutedcontractsorotherdocumentationacceptabletoLendertosubstantiatesoftcostbudgetlineitemsandtoright-sizetheLoanamountinaccordancewiththisSectionR.
2. AftertheClosingDate:

i.Anytemporaryusesoffunds,ifapplicable,shallbereturnedtoLendertodecreasetheLoanonadollar($1.00)fordollar($1.00)basis,includingfunding
foranyrefundeddepositsorfinancingfeesinitiallyrequiredbyDistrict
agencies,lenders,orotherparties.
HPTFCommitmentRev.Jan.2023, B-4

ii,LenderwillreducetheLoanona fiftycents($0.50)foreverydollar($1.00)
basisforanyothernetreductioninthetotalcostsshownintheProjectBudgetduetounspentcontingencyfunds,remainingfundsinapplicableshort-term
reserves,orotherbudgetsavings,unlessthecostsavingsareutilizedtocover
anunanticipateddecreaseinotherProjectsources
iii,LenderwillreducetheLoanona fiftycents($0.50)foreverydollar($1.00)basisforanyincreaseinfundingthatiscommittedtotheProjectafterthe
ClosingDateoverandabovethefundingsourcesinthefinalProjectBudget,includinganyadditionalseniorloanproceeds,unlesstheincreaseinfundingis,obtainedfromanon-LendersourcetocoveranunanticipatedincreaseinProjectcostsoradecreaseinotherProjectsources.
Reserves.Borrower'sorganizationaldocumentsmustcontainthefollowinglanguage:Intheeventthereserveforreplacementandoperatingreserve,ifapplicable,arenotusedforitsintendedpurpose,anyfundsremaininginsuchreservesattheendofthetaxcreditcomplianceperiodoruponthesaleoftheproperty,whicheverisearlier,mustremainwiththeProject,butmaybeusedtoreduceanyoutstandingdebtontheProjectwithLender's
consent.
DistributionsofNetCashFlowandNetCapitalProceeds.
J.‘TheLoanistoberepaidfromNetCashFlowandproceedsresultingfromanyCapitalTransaction,assetforthintheLoanDocumentsandBorrower'sorganizational
documents,
NetCashFlowWaterfall.ForthedistributionofNetCashFlow,Lender’sminimum
standardwaterfallisasfollows:
{)Equityinvestor'sassetmanagementfee,whichissubjecttoLender'slimit;
describedinsubparagraphT(3)below(the“FeeLimit”);
ji),Otheramountsowedtoequityinvestor(taxliability,adjusters);
fii,Replenishmentofoperatinganddebtservicereserves,ifrequiredbysenior
lenderand/orequityinvestor;
{0 Partnership/Companymanagementfee,whichissubjecttotheFeeLimit;
\ Untilthedeferreddeveloperfeeispaidinfull,90%topaythedeferred
developerfeeand10%topaytheLoan;and
(i)Afterthedeferreddeveloperfeeispaidinfull,75%topaytheLoan.
VilAnydeferredpropertymanagementfee(ifagentisanaffiliateofBorrower),sponsor/managingmemberloans,accruedpartnership/companymanagement
fees,accruedinterestondeferreddeveloperfee,orotherliabilitiesmaybe
repaidfromNetCashFlowaftertheprioritieslistedabove.
3.FeeLimit.Theinitial,aggregateamountoftheFederalLIHTCequityinvestor'sasset
managementfeeandthePartnership/Companymanagementfeecannotexceedthelesserof$15,000or$200perunitperannum,Eachfeecanincreaseby3% annually,
subjecttoequityinvestorapproval.
HPTFCommitmentRev.Jan.2023, B-5
4, Net Capital Proceeds Waterfall.For the distributionof net proceeds resultingfrom
anyCapitalTransaction,LenderrequiresthatthefirstpriorityinthewaterfallbepaymentofanydebtsowedbyBorrowerinorderoflienpriority/recordingorder,except thosedue to the partners/membersof Borrower and/or theiraffiliates.
U. Definidefinitionsapply:

ns.ForpurposesofthisCommitmentandtheLoanDocuments,thefollowing

CapitalContributio:
CapitalExpenditures:
CapitalTransaction:
ClosingDate:
Net Cash Flow:
OperatingExpenses:

TheamountofmoneyorthefairmarketvalueofotherpropertycontributedtoBorrowerbyitsmembers/partnersinaccordancewithBorrower'sorganizationaldocuments.CustomaryandreasonablecostsandexpensesincurredbyBorrowerinconnectionwithcertainmajorrepairs,replacementsandimprovementsoftheProjectwhicharenormallycapitalizedundergenerallyacceptedaccountingprinciples,including,butnotlimitedto,theperformanceofworktotheroofs,chimneys,gutters,downspouts,paving,curbs,ramps,driveways,balconies,porches,patios,exteriorwalls,exteriordoorsanddoorways,windows,clevators,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,laundryroom,windowtreatments,bathvanities,bathtubsandmechanicalandHVACequipment.‘AnytransactionoutoftheordinarycourseofBorrower'sbusinessthatiscapitalinnature,includingwithoutlimitation,thedisposition,whetherbysale(exceptwhensuchsaleproceedsaretobeusedpursuanttoaplanorbudgetapprovedbyallofBorrower'smembers/partners),casualty(wheretheproceedsarenottobeusedforreconstruction),condemnation,refinancingorsimilareventofanypartoralloftheProject.Dateoffinancialclosing.

OperatingRevenueless(a)OperatingExpenses(includingrequiredreserveamounts),(b)must-paydebtservice,(c)paymentsfor
CapitalExpendituresthatexceedapplicablereservesorothersources,asapprovedbyLender.Withrespecttoeachfiscalyearorportionthereof,thesumofthefollowingcashexpendituresandallexpensesunpaid,butproperlyaccrued,thatareincurredincidenttotheoperationoftheProjectbyBorrowerduringsuchperiod:operatingcostsincurredbyBorrowerforthemanagement,operation,cleaning,leasing,marketing,and
maintenance of the Project,includingwithout limitationwages,
payrollandaccountingcosts.utilities,maintenancecostsotherthan

HPTFCommitmentRev.Jan,2023 B-6

OperatingRevenue:
PlacedinServiceDate:

CapitalExpenditures,licensefeesandbusinesstaxes,thepropertymanagementfee,excepttotheextentsuchfeeisdeferredandpaid
fromavailableNetCashFlow,applicationfees,compliancemonitoringfees,andanydelinquentrentthatiswrittenoff;reasonablemonthlyreservesforallrealestatetaxesandassessmentsimposedupontheProjectandrequiredtobepaidbyBorrower,butonlytotheextentsuchtaxesandassessmentsarepaidorsetasideasa reservebyBorrowerduringsuchfiscalyear;reasonablemonthlyreservesforinsurancepremiums;andrequired
depositsintothereplacementreserveandotherreservesorescrowaccounts.
‘Theterm“OperatingExpenses”shallnotincludeanyofthefollowing:depreciation,amortization,depletionorothernon-cashexpenses;must-paydebtservice;allcosts,liabilitiesandexpensesassociatedwithacquiring,constructing/rehabilitating,developingoroperatingtheProject,including,butnotlimitedto,thosecostsreflectedintheForm202andincludingpaymentofthedeveloperfee(netofanydeferreddeveloperfee),whichhavebeenincurredto(i)acquiretheProject,(ii)achievethePlacedinServiceDate,(iii)remedyanydefectsintheconstructionoftheProjectand/oranyvarianceinconstructionfromtheplansandspecificationsthatisdiscoveredwithinone(1)yearafterinitialoccupancyofallofthehousingunitsorshouldhavebeendiscoveredwithinsuchtimeperiodandisdiscoverednotlaterthanthree(3)yearsafterinitialoccupancyofallofthehousingunits,(iv)allOperatingExpensesandmust-paydebtserviceattributabletotheperiodpriortothepermanentloanclosingdate,(v)theinitialfundingofanyrequiredreservesandescrowsintheamountsapprovedbyLenderasoftheClosingDate,and(vi)achieveconversiontopermanentfinancing;andanyotherfeesorpaymentscontingentonavailableNetCashFlow. weAllactualcollectedrevenuereceivedfromrents,leasepayments,andallothersources(includinganyreleaseoffundsfromreservesorescrows),butexcludingtenantsecurityorotherdeposits(excepttotheextentforfeitedtoBorrower);CapitalContributionsandinterestthereon;proceedsfromCapitalTransactions;interestearnedonreservesnotavailablefordistribution;andnetproceedsofanyinsurance(includingrentallossorinterruptioninsurance),otherthanfireandextendedcoverageandtitleinsurance,totheextentnotusedforrebuildingoftheProject.thedatethattheProjectreceivesacertificateofoccupancyfromtheDistrictofColumbiagovernmentcertifyingthatthedevelopmentoftheProjectiscompleteandtheProjectcanbeoccupiedbytenants.IntheeventthattheProjectdoesnotneedacertificateofoccupancytobeoccupiedbytenants,thenthePlacedinServiceDateshallbe

HPTFCommitmentRev.Jan.2023, B-7

thedateofsubstantialcompletionoftheProjectascertifiedbytheProjectarchitect.
HPTFCommitmentRev.Jan,2023 B-8

EXHIBITB
PROJECT BUDGET
[Attached]
DMFIRM#41903568v25 Bel
' i
I
I
li"pare .Umtiou.lBPD lWSj>C:fund�
�i!lt1ta·
Co1n1nM:1ioJI Lo.,n tar�, {Pf' CO\�)
FW,L.\ E.�iroFtt
Ttbtr Hu<!� Stne' .. :!021 Bred u;x�oo.&e .. Cau�y Pub�
fio.:u::ice-
DCHFA CoavttUoa E.'tteMlCO FM
DCHfA,a . Fte 1'e1
Trur<H Bond Extawoo fff
Im '
F� UHTC Eqwcy Ll\-et.r« .. &u .. Oo,\��•d Adj�m
Smr� UHTC :Equiiy L.n:e�tor . &�i'5 Do\\UW- . .\.dJ�1et
DCHFA I&� fff
Rtu.ubU4 �t of &loace of Good f.wh �tt 10 FmlAE
H�,,ing ProducnOll T iua Flltl.ds
- --
isu11:tt
$]311.146.3
--
..........,-.
ill -·
S616,616.00
S9,S44.20
�.?1.000.00
S7.SOO.OO
�7.S00.00
S.?.0001.00
i1S.J6l .3S
S36S.393.00
i
;1, S69 . .2S.S.OO
I $184.466. 'lg-
S109.380.00
!
···-·
Total Sl.S.l�4f..37 Sl.:�ll 4-6J"
*Of the additional budget amount reflected above, the additional DHCD HPTF Loan proceeds will
finance $1,411,766.36 based on a limit from the senior lender - this amount is the amount
reflected in the HPTF loan agreement.
‘neo.pevevorwexrnewer

EXHIBIT C
CONSTRUCTION DRAW SCHEDULE.
[NotApplicable]
DMFIRM#41903568v25 Cl
EXHIBIT D
FEDERAL LABOR STANDARDS CONTRACT ADDENDUM.
[Attached]
DMFIRM#41903568v25 D-I
HUD-4010 U.S.DepartmentofHousingandUrbanDevelopment
FederalLaborStandardsProvisions OfficeofDavis-BaconandLaborStandards

A

‘APPLICABILITYTheProjectorProgramtowhichtheconstructionworkcoveredbythisContractpertainsisbeingassistedbytheUnitedStatesofAmerica,andthefollowingFederalLaborStandardsProvisionsare
includedinthisContractpursuanttotheprovisionsapplicabletosuchFederalassistance.
Minimumwagesandfringebenefitsi.Alllaborersandmechanicsemployedorworkinguponthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute),willbepaidunconditionallyandnotlessoftenthanonceaweek,andwithoutsubsequentdeductionorrebate
onanyaccount(exceptsuchpayrolldeductionsasarepermittedbyregulationsissuedbytheSecretaryofLaborundertheCopelandAct(29CFRpart3)),thefullamountofbasichourlywagesandbonafidefringebenefits(orcashequivalentsthereof)dueattimeofpaymentcomputedat
ratesnotlessthanthosecontainedinthewagedeterminationoftheSecretaryofLaborwhichisattachedheretoandmadeaparthereof,regardlessofanycontractualrelationshipwhichmaybeallegedtoexistbetweenthecontractorandsuchlaborersandmechanics.Asprovidedin29CFR5.5(d)and(e),theappropriatewagedeterminationsareeffectivebyoperationoflawevenifthey
havenotbeenattachedtothecontract.ContributionsmadeorcostsreasonablyanticipatedforbonafidefringebenefitsundertheDavis-BaconAct(40U.S.C.3141(2)(8))onbehalfoflaborersor‘mechanicsareconsideredwagespaidtosuchlaborersormechanics,subjecttotheprovisionsof
paragraph(a)(1)(v)ofthesecontractclauses;also,regularcontributionsmadeorcostsincurredformorethanaweeklyperiod(butnotlessoftenthanquarterly)underplans,funds,orprogramswhichcovertheparticularweeklyperiod,aredeemedtobeconstructivelymadeorincurredduringsuch
weeklyperiod.Suchlaborersandmechanicsmustbepaidtheappropriatewagerateandfringebenefitsonthewagedeterminationfortheclassification(s)ofworkactuallyperformed,withoutregardtoskill,exceptasprovidedin29CFR5.5(a)(4).Laborersormechanicsperformingworkin
morethanoneclassificationmaybecompensatedattheratespecifiedforeachclassificationforthetimeactuallyworkedtherein:Provided,Thattheemployer'spayrollrecordsaccuratelysetforththetimespentineachclassificationinwhichworkisperformed.Thewagedetermination(includinganyadditionalclassificationsandwageratesconformedunder29CFR5.5(a)(1)(ii))andtheDavis-Bacon
poster(WH-1321)mustbepostedatalltimesbythecontractoranditssubcontractorsatthesiteoftheworkinaprominentandaccessibleplacewhereitcanbeeasilyseenbytheworkers.
fi,Frequentlyrecurringclassifications‘A.Inadditiontowageandfringebenefitratesthathavebeendeterminedtobeprevailingundertheproceduressetforthin29CFRpart1,awagedeterminationmaycontain,pursuantto§1.3(f),
wageandfringebenefitratesforclassificationsoflaborersandmechanicsforwhichconformance
requestsareregularlysubmittedpursuantto29CFR5.5(a)(1)(ili),providedthat:
1,Theworkperformedbytheclassificationisnotperformedbyaclassificationinthewage
determinationforwhichaprevailingwageratehasbeendetermined;2,Theclassificationisusedintheareabytheconstructionindustry;and3.Thewageratefortheclassificationbearsareasonablerelationshiptotheprevailingwagerates
containedinthewagedeterminationB,TheAdministratorwillestablishwageratesforsuchclassificationsinaccordancewith29CFR5.5(a)(1){il)(A)(3).Workperformedinsuchaclassificationmustbepaidatnolessthanthewage
andfringebenefitratelistedonthewagedeterminationforsuchclassification.
ConformanceA. Thecontractingofficermustrequirethatanyclassoflaborersormechanics,includinghelpers,
whichisnotlistedinthewagedeterminationandwhichistobeemployedunderthecontractbe

Previouseditionsobsolete a FormHUD-4020,(10/2023)
ref.Handbook1344.1

classifiedinconformancewiththewagedetermination.Conformanceofanadditionalclassificationandwagerateandfringebenefitsisappropriateonlywhenthefollowingcriteriahavebeenmet:1.Theworktobeperformedbytheclassificationrequestedisnotperformedbyaclassificationin
thewagedetermination;and2.Theclassificationisusedintheareabytheconstructionindustry;and
3.Theproposedwagerate,includinganybonafidefringebenefits,bearsareasonablerelationshiptothewageratescontainedinthewagedetermination.B,Theconformanceprocessmaynotbeusedtosplit,subdivide,orotherwiseavoidapplicationof
classificationslistedinthewagedetermination.. Ifthecontractorandthelaborersandmechanicstobeemployedintheclassification(ifknown),ortheirrepresentatives,andthecontractingofficeragreeontheclassificationandwagerate
(includingtheamountdesignatedforfringebenefitswhereappropriate),areportoftheactiontakenwillbesentbythecontractingofficerbyemailtoDBAconformance@dol.gov.The‘Administrator,oranauthorizedrepresentative,willapprove,modify,ordisapproveevery
additionalclassificationactionwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.D.Intheeventthecontractor,thelaborersormechanicstobeemployedintheclassificationortheirrepresentatives,andthecontractingofficerdonotagreeontheproposedclassification
andwagerate(includingtheamountdesignatedforfringebenefits,whereappropriate),thecontractingofficerwill,byemailtoDBAconformance@dolgov,referthequestions,includingtheviewsofallinterestedpartiesandtherecommendationofthecontractingofficer,tothe
‘Administratorfordetermination.TheAdministrator,oranauthorizedrepresentative,willissue‘adeterminationwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.
E.ThecontractingofficermustpromptlynotifythecontractoroftheactiontakenbytheWageandHourDivisionunder29CFR5.5(a)(1)(i)(C)and(D).Thecontractormustfurnishawritten‘copyofsuchdeterminationtoeachaffectedworkeroritmustbepostedasapartofthewagedetermination.Thewagerate (includingfringebenefitswhereappropriate)determined
pursuantto29CFR5.5(a)(1)(ii)(C)or(D)mustbepaidtoallworkersperformingworkintheclassificationunderthiscontractfromthefirstdayonwhichworkisperformedinthe
classification,iv.FringebenefitsnotexpressedasanhourlyrateWhenevertheminimumwagerateprescribedinthecontractforaclassoflaborersormechanics
includesafringebenefitwhichisnotexpressedasanhourlyrate,thecontractormayeitherpaythebenefitasstatedinthewagedeterminationormaypayanotherbonafidefringebenefitoranhourly
cashequivalentthereof.
v. UnfundedplansIfthecontractordoesnotmakepaymentstoatrusteeorotherthirdperson,thecontractormay
consideraspartofthewagesofanylaborerormechanictheamountofanycostsreasonablyanticipatedinprovidingbonafidefringebenefitsunderaplanorprogram,Provided,Thatthe
SecretaryofLaborhasfound,uponthewrittenrequestofthecontractor,inaccordancewiththecriteriasetforthin29CFR5.28,thattheapplicablestandardsoftheDavis-BaconActhavebeenmet.
TheSecretaryofLabormayrequirethecontractortosetasideinaseparateaccountassetsforthemeetingofobligationsundertheplanorprogram.
vi,InterestIntheeventofafailuretopayallorpartofthewagesrequiredbythecontract,thecontractorwillberequiredtopayinterestonanyunderpaymentofwages.

Previouseditionsobsolete 2 FormHUD-4010,(10/2023)
ref,Handbook1344.1

Withholdingi.WithholdingrequirementsTheU.S.DepartmentofHousingandUrbanDevelopmentmay,uponitsownaction,ormust,uponwrittenrequestofanauthorizedrepresentativeoftheDepartmentofLabor,withholdorcausetobe
withheldfromthecontractorsomuchoftheaccruedpaymentsoradvancesasmaybeconsiderednecessarytosatisfytheliabilitiesoftheprimecontractororanysubcontractorforthefullamount
ofwagesandmonetaryrelief,includinginterest,requiredbytheclausessetforthin29CFR5.5(a)forviolationsofthiscontract,ortosatisfyanysuchliabilitiesrequiredbyanyotherFederalcontract,orfederallyassistedcontractsubjecttoDavis-Baconlaborstandards,thatisheldbythe
sameprimecontractor(asdefinedin29CFR5.2).Thenecessaryfundsmaybewithheldfromthecontractorunderthiscontract,anyotherFederalcontractwiththesameprimecontractor,oranyotherfederallyassistedcontractthatissubjecttoDavis-Baconlaborstandardsrequirementsandis
heldbythesameprimecontractor,regardlessofwhethertheothercontractwasawardedorassistedbythesameagency,andsuchfundsmaybeusedtosatisfythecontractorliabilityforwhich
‘thefundswerewithheld.Intheeventofacontractor'sfailuretopayanylaborerormechanic,includinganyapprenticeorhelperworkingonthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute)allorpartofthewagesrequiredbythecontract,oruponthecontractor'sfailuretosubmittherequiredrecordsas
discussedin29CFR5.5(a)(3)(iv),HUDmayonitsown initiativeandafterwrittennoticetothecontractor,sponsor,applicant,owner,orotherentity,asthecasemaybe,takesuchactionasmaybenecessarytocausethesuspensionofanyfurtherpayment,advance,orguaranteeoffundsuntil
suchviolationshaveceased,ii,Prioritytowithheldfunds‘TheDepartmenthasprioritytofundswithheldortobewithheldinaccordancewith29CFR
5.5(a)(2)(i)or(b)(3)(),orboth,overclaimstothosefundsby:‘A.Acontractor’ssurety(ies),includingwithoutlimitationperformancebondsuretiesand
paymentbondsureties;Acontractingagencyforitsreprocurementcosts;C.Atrustee(s)(eitheracourt-appointedtrusteeora U.S.trustee,orboth)inbankruptcyofacontractor,oracontractor'sbankruptcyestate;
D.Acontractor’sassignee(s);E,Acontractor’ssuccessor(s);orF.AclaimassertedunderthePromptPaymentAct,31U.S.C.3901-3907.
3.Recordsandcertifiedpayrolls
i.BasicrecordrequirementsA.Lengthofrecordretention.Allregularpayrollsandotherbasicrecordsmustbemaintainedby
thecontractorandanysubcontractorduringthecourseoftheworkandpreservedforalllaborersandmechanicsworkingatthesiteofthework(orotherwiseworkinginconstruction
ordevelopmentoftheprojectunderadevelopmentstatute)foraperiodofatleast3yearsafteralltheworkontheprimecontractiscompleted.B.InformationrequiredSuchrecordsmustcontainthename;SocialSecuritynumber;lastknown
address,telephonenumber,andemailaddressofeachsuchworker;eachworker'scorrectclassification(s)ofworkactuallyperformed;hourlyratesofwagespaid(includingratesof
contributionsorcostsanticipatedforbonafidefringebenefitsorcashequivalentsthereofofthetypesdescribedin40U.S.C.3141(2)(8)oftheDavis-BaconAct);dailyandweeklynumberof
hoursactuallyworkedintotalandoneachcoveredcontract;deductionsmade;andactual
wagespaid.€.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,andthefollowingFederalLaborStandardsProvisionsareincludedinthisContractpursuanttotheprovisionsapplicabletosuchFederalassistance.
inimumwagesandfringebenefitsi.Alllaborersandmechanicsemployedorworkinguponthesiteofthework(orotherwiseworkingin
constructionordevelopmentoftheprojectunderadevelopmentstatute],willbepaidunconditionallyandnotlessoftenthanonceaweek,andwithoutsubsequentdeductionorrebateonanyaccount(exceptsuchpayrolldeductionsasarepermittedbyregulationsissuedbythe
SecretaryofLaborundertheCopelandAct(29CFRpart3)),thefullamountofbasichourlywages‘andbonafidefringebenefits(orcashequivalentsthereof)dueattimeofpaymentcomputedatratesnotlessthanthosecontainedinthewagedeterminationoftheSecretaryofLaborwhichis.
attachedheretoandmadea parthereof,regardlessofanycontractualrelationshipwhichmaybeallegedtoexistbetweenthecontractorandsuchlaborersandmechanics.Asprovidedin29CFR5.5(d)and(e),theappropriatewagedeterminationsareeffectivebyoperationoflawevenifthey
havenotbeenattachedtothecontract.ContributionsmadeorcostsreasonablyanticipatedforbonafidefringebenefitsundertheDavis-BaconAct(40U.S.C.3141(2)(B))onbehalfoflaborersormechanicsareconsideredwagespaidtosuchlaborersormechanics,subjecttotheprovisionsofparagraph(a)(1)(v)ofthesecontractclauses;also,regularcontributionsmadeorcostsincurredfor
morethanaweeklyperiod(butnotlessoftenthanquarterly)underplans,funds,orprogramswhichcovertheparticularweeklyperiod,aredeemedtobeconstructivelymadeorincurredduringsuch‘weeklyperiod.Suchlaborersandmechanicsmustbepaidtheappropriatewagerateandfringe
benefitsonthewagedeterminationfortheclassification(s)ofworkactuallyperformed,withoutregardtoskill,exceptasprovidedin29CFR5.5(a)(4).Laborersormechanicsperformingworkinmorethanoneclassificationmaybecompensatedattheratespecifiedforeachclassificationforthe
timeactuallyworkedtherein:Provided,Thattheemployer'spayrollrecordsaccuratelysetforththetimespentineachclassificationinwhichworkisperformed.Thewagedetermination(includinganyadditionalclassificationsandwageratesconformedunder29CFR5.5(a)(1)(i))andtheDavis-Bacon
poster(WH-1321)mustbepostedatalltimesbythecontractoranditssubcontractorsatthesiteoftheworkinaprominentandaccessibleplacewhereitcanbeeasilyseenbytheworkers.fi,Frequentlyrecurringclassifications
AA.Inadditiontowageandfringebenefitratesthathavebeendeterminedtobeprevailingundertheproceduressetforthin29CFRpart1,awagedeterminationmaycontain,pursuantto§1.3(f),
wageandfringebenefitratesforclassificationsoflaborersandmechanicsforwhichconformancerequestsareregularlysubmittedpursuantto29CFRS.5(a)(1)(il),providedthat:1,Theworkperformedbytheclassificationisnotperformedbyaclassificationinthewage
determinationforwhichaprevailingwageratehasbeendetermined;2.Theclassificationisusedintheareabytheconstructionindustry;and
3, Thewageratefortheclassificationbearsareasonablerelationshiptotheprevailingwageratescontainedinthewagedetermination.
B,TheAdministratorwillestablishwageratesforsuchclassificationsinaccordancewith29CFR5.5(a)(1)(ii(A)(3).Workperformedinsuchaclassificationmustbepaidatnolessthanthewage
andfringebenefitratelistedonthewagedeterminationforsuchclassification.Conformance
A. Thecontractingofficermustrequirethatanyclassoflaborersormechanics,includinghelpers,whichisnotlistedinthewagedeterminationandwhichistobeemployedunderthecontractbe

Previouseditionsobsolete 1 FormHUD-4010,(10/2023)ref.Handbook1344.1

classifiedinconformancewiththewagedetermination.Conformanceofan additionalclassification
andwagerateandfringebenefitsisappropriateonlywhenthefollowingcriteriahavebeenmet:1.Theworktobeperformedbytheclassificationrequestedisnotperformedbyaclassificationin
thewagedetermination;and2.Theclassificationisusedintheareabytheconstructionindustry;and3.Theproposedwagerate,includinganybonafidefringebenefits,bearsareasonablerelationshiptothewageratescontainedinthewagedetermination.
B.Theconformanceprocessmaynotbeusedtosplit,subdivide,orotherwiseavoidapplicationofclassificationslistedinthewagedeterminationIfthecontractorandthelaborersandmechanicstobeemployedintheclassification(ifknown),
ortheirrepresentatives,andthecontractingofficeragreeontheclassificationandwagerate(includingtheamountdesignatedforfringebenefitswhereappropriate),areportoftheaction
takenwillbesentbythecontractingofficerbyemailtoDBAconformance@dol.gov.The‘Administrator,oranauthorizedrepresentative,willapprove,modify,ordisapproveeveryadditionalclassificationactionwithin30daysofreceiptandsoadvisethecontractingofficeror
willnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.D. Intheeventthecontractor,thelaborersormechanicstobeemployedintheclassificationortheirrepresentatives,andthecontractingofficerdonotagreeontheproposedclassification
andwagerate(includingtheamountdesignatedforfringebenefits,whereappropriate),thecontractingofficerwill,byemailtoDBAconformance@dol.gov,referthequestions,includingtheviewsofallinterestedpartiesandtherecommendationofthecontractingofficer,tothe‘Administratorfordetermination.TheAdministrator,oranauthorizedrepresentative,willissue
adeterminationwithin30daysofreceiptandsoadvisethecontractingofficerorwillnotifythecontractingofficerwithinthe30-dayperiodthatadditionaltimeisnecessary.E,ThecontractingofficermustpromptlynotifythecontractoroftheactiontakenbytheWage
andHourDivisionunder29CFR5.5(a)(1)(i)(C)and(0).Thecontractormustfurnishawrittencopyofsuchdeterminationtoeachaffectedworkeroritmustbepostedasapartofthewagedetermination.Thewagerate(includingfringebenefitswhereappropriate)determined
pursuantto29CFR5.5(a)(2)(ii)(C)or(D)mustbepaidtoallworkersperformingworkintheclassificationunderthiscontractfromthefirstdayonwhichworkisperformedinthe
classification.iv.Fringebenefitsnotexpressedasanhourlyrate‘Whenevertheminimumwagerateprescribedinthecontractforaclassoflaborersormechanics
includesafringebenefitwhichisnotexpressedasanhourlyrate,thecontractormayeitherpaythebenefitasstatedinthewagedeterminationormaypayanotherbonafidefringebenefitoranhourly
cashequivalentthereof.v. UnfundedplansIfthecontractordoesnotmakepaymentstoatrusteeorotherthirdperson,thecontractormayconsideraspartofthewagesofanylaborerormechanictheamountofanycostsreasonably
anticipatedinprovidingbonafidefringebenefitsunderaplanorprogram,Provided,ThattheSecretaryofLaborhasfound,uponthewrittenrequestofthecontractor,inaccordancewiththe
criteriasetforthin29CFR5.28,thattheapplicablestandardsoftheDavis-BaconActhavebeenmet.TheSecretaryofLabormayrequirethecontractortosetasideinaseparateaccountassetsforthe
meetingofobligationsundertheplanorprogram.vi,InterestIntheeventofafailuretopayallorpartofthewagesrequiredbythecontract,the
contractorwillberequiredtopayinterestonanyunderpaymentofwages.

Previouseditionsobsolete 2 FormHUD-4010,(10/2023)ref.Handbook1344.1
2. Withholdingi,WithholdingrequirementsTheU.S.DepartmentofHousingandUrbanDevelopmentmay,uponitsownaction,ormust,uponwrittenrequestofanauthorizedrepresentativeoftheDepartmentofLabor,withholdorcausetobe
withheldfromthecontractorsomuchoftheaccruedpaymentsoradvancesasmaybeconsiderednecessarytosatisfytheliabilitiesoftheprimecontractororanysubcontractorforthefullamountofwagesandmonetaryrelief,includinginterest,requiredbytheclausessetforthin29CFR5.5(a)
forviolationsofthiscontract,ortosatisfyanysuchliabilitiesrequiredbyanyotherFederalcontract,orfederallyassistedcontractsubjecttoDavis-Baconlaborstandards,thatisheldbythesameprimecontractor(asdefinedin29CFR5.2).Thenecessaryfundsmaybewithheldfromthe
contractorunderthiscontract,anyotherFederalcontractwiththesameprimecontractor,oranyotherfederallyassistedcontractthatissubjecttoDavis-Baconlaborstandardsrequirementsandis
heldbythesameprimecontractor,regardlessofwhethertheothercontractwasawardedorassistedbythesameagency,andsuchfundsmaybeusedtosatisfythecontractorliabilityforwhichthefundswerewithheld.Intheeventofa contractor'sfailuretopayanylaborerormechanic,includinganyapprenticeorhelperworkingonthesiteofthework(orotherwiseworkingin
constructionordevelopmentoftheprojectunderadevelopmentstatute)allorpartofthewagesrequiredbythecontract,oruponthecontractor'sfailuretosubmittherequiredrecordsas.discussedin29CFR5.5(a}(3)(iv),HUDmayonitsowninitiativeandafterwrittennoticetothe
contractor,sponsor,applicant,owner,orotherentity,asthecasemaybe,takesuchactionasmaybenecessarytocausethesuspensionofanyfurtherpayment,advance,orguaranteeoffundsuntil
suchviolationshaveceased,Prioritytowithheldfunds‘TheDepartmenthasprioritytofundswithheldortobewithheldinaccordancewith29CFR
5.5(a}(2){i)or(b)(3)(i),orboth,overclaimstothosefundsby: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. Recordsandcertifiedpayrolls
i,Basicrecordrequirements‘A.Lengthofrecordretention.Allregularpayrollsandotherbasicrecordsmustbemaintainedbythecontractorandanysubcontractorduringthecourseoftheworkandpreservedforall
laborersandmechanicsworkingatthesiteofthework(orotherwiseworkinginconstructionordevelopmentoftheprojectunderadevelopmentstatute)foraperiodofatleast3years.
afteralltheworkontheprimecontractiscompleted.8.InformationrequiredSuchrecordsmustcontainthename;SocialSecuritynumber;lastknown
address,telephonenumber,andemailaddressofeachsuchworker;eachworker'scorrectclassifications)ofworkactuallyperformed;hourlyratesofwagespaid(includingratesof
contributionsorcostsanticipatedforbonafidefringebenefitsorcashequivalentsthereofofthetypesdescribedin40U.S.C.3141(2)(B)oftheDavis-BaconAct];dailyandweeklynumberof
hoursactuallyworkedintotalandoneachcoveredcontract;deductionsmade;andactual
wagespaid.C.Additionalrecordsrelatingtofringebenefits.WhenevertheSecretaryofLaborhasfound
under29CFR5.5(a)(1)(v)thatthewagesofanylaborerormechanicincludetheamountofany

Previouseditionsobsolete 3 FormHUD-4010,(10/2023)
ref.Handbook1344.1
costsreasonablyanticipatedinprovidingbenefitsunderaplanorprogramdescribedin40,
U.S.C.3141(2)(8)oftheDavis-BaconAct,thecontractormustmaintainrecordswhichshowthatthecommitmenttoprovidesuchbenefitsisenforceable,thattheplanorprogramisfinanciallyresponsible,andthattheplanorprogramhasbeencommunicatedinwritingtothelaborersor
mechanicsaffected,andrecordswhichshowthecostsanticipatedortheactualcostincurred
inprovidingsuchbenefits.D.AdditionalrecordsrelatingtoapprenticeshipContractorswithapprenticesworkingunder
approvedprogramsmustmaintainwrittenevidenceoftheregistrationofapprenticeshipprograms,theregistrationoftheapprentices,andtheratiosandwageratesprescribedinthe
applicableprograms.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.InformationrequiredThecertifiedpayrollssubmittedmustsetoutaccuratelyandcompletelyalloftheinformationrequiredtobemaintainedunder29CFR5.5(a)(3)()(B),exceptthatfull
SocialSecuritynumbersandlastknownaddresses,telephonenumbers,andemailaddresses‘mustnotbeincludedonweeklytransmittals.Instead,thecertifiedpayrollsneedonlyincludeanindividuallyidentifyingnumberforeachworker(e.g.,thelastfourdigitsoftheworker's
SocialSecuritynumber).TherequiredweeklycertifiedpayrollinformationmaybesubmittedusingOptionalFormWH-347orinanyotherformatdesired.OptionalFormWH-347isavailableforthispurposefromtheWageandHourDivisionWebsiteathttos://www.dol.gov/sites/dolaov/files/WHD/leaacy/files/wh347.pdfoFitssuccessorwebsite.Itisnotaviolationof
thissectionforaprimecontractortorequireasubcontractortoprovidefullSocialSecurity
numbersandlastknownaddresses,telephonenumbers,andemailaddressestotheprimecontractorforitsownrecords,withoutweeklysubmissionbythesubcontractortothesponsoringgovernmentagency(ortheapplicant,sponsor,owner,orotherentity,asthecasemaybe,thatmaintainssuchrecords).
C.StatementofComplianceEachcertifiedpayrollsubmittedmustbeaccompaniedbya“StatementofCompliance,”signedbythecontractororsubcontractor,orthecontractor’sor
subcontractor’sagentwhopaysorsupervisesthepaymentofthepersonsworkingonthe
contract,andmustcertifythefollowing:1. Thatthecertifiedpayrollforthepayrollperiodcontainstheinformationrequiredtobeprovidedunder29CFR5.5(a)(3)(i),theappropriateinformationandbasicrecordsarebeing
maintainedunder29CFR5.5(a)(3)(i),andsuchinformationandrecordsarecorrectand
complete;2. Thateachlaborerormechanic(includingeachhelperandapprentice)workingonthecontractduringthepayrollperiodhasbeenpaidthefullweeklywagesearned,withoutrebate,either
directlyorindirectly,andthatnodeductionshavebeenmadeeitherdirectlyorindirectly
Previouseditionsobsolete 4 FormHUD-4010,(10/2023)ref,Handbook1344.1

fromthefullwagesearned,otherthanpermissibledeductionsassetforthin29CFRpart3;
and3. Thateachlaborerormechanichasbeenpaidnotlessthantheapplicablewageratesandfringebenefitsorcashequivalentsfortheclassification(s)ofworkactuallyperformed,as
specifiedintheapplicablewagedeterminationincorporatedintothecontract.D. UseofOptionalFormWH-347TheweeklysubmissionofaproperlyexecutedcertificationsetforthonthereversesideofOptionalFormWH-347willsatisfytherequirementfor
submissionofthe“StatementofCompliance”requiredby29CFR5.5{a)(3)(i)(C).E. SignatureThesignaturebythecontractor,subcontractor,orthecontractor'sorsubcontractor’sagentmustbeanoriginalhandwrittensignatureoralegallyvalidelectronic
signature.FalsificationThefalsificationofanyoftheabovecertificationsmaysubjectthecontractororsubcontractortocivilorcriminalprosecutionunder18U.S.C.1001and31U.S.C.3729.
G. LengthofcertifiedpayrollretentionThecontractororsubcontractormustpreserveallcertifiedpayrollsduringthecourseoftheworkandforaperiodof3yearsafterallthework
ontheprimecontractiscompleted.Contracts,subcontracts,andrelateddocumentsThecontractororsubcontractormustmaintainthiscontractorsubcontractandrelateddocumentsincluding,withoutlimitation,bids,proposals,‘amendments,modifications,andextensions.Thecontractororsubcontractormustpreservethese
contracts,subcontracts,andrelateddocumentsduringthecourseoftheworkandforaperiodof3yearsafteralltheworkontheprimecontractiscompleted.
ivRequireddisclosuresandaccess‘A.RequiredrecorddisclosuresandaccesstoworkersThecontractororsubcontractormust
maketherecordsrequiredunder29CFR5.5(a)(3)(i}-(ii),andanyotherdocumentsthatHUDortheDepartmentofLabordeemsnecessarytodeterminecompliancewiththelaborstandardsprovisionsofanyoftheapplicablestatutesreferencedby29CFR5.1,availableforinspection,copying,ortranscriptionbyauthorizedrepresentativesofHUDorthe
DepartmentofLabor,andmustpermitsuchrepresentativestointerviewworkersduring
workinghoursonthejob.B. Sanctionsfornon-compliancewithrecordsandworkeraccessrequirementsIfthecontractororsubcontractorfailstosubmittherequiredrecordsortomakethemavailable,orrefusestopermitworkerinterviewsduringworkinghoursonthejob,theFederalagency
may,afterwrittennoticetothecontractor,sponsor,applicant,owner,orotherentity,asthe‘casemaybe,thatmaintainssuchrecordsorthatemployssuchworkers,takesuchactionas
maybenecessarytocausethesuspensionofanyfurtherpayment,advance,orguaranteeoffunds.Furthermore,failuretosubmittherequiredrecordsuponrequestortomakesuchrecordsavailable,ortopermitworkerinterviewsduringworkinghoursonthejob,maybe
groundsfordebarmentactionpursuantto29CFR5.12.Inaddition,anycontractororotherpersonthatfailstosubmittherequiredrecordsormakethoserecordsavailabletoWHD.withinthetimeWHDrequeststhattherecordsbeproducedwillbeprecludedfrom
introducingasevidenceinanadministrativeproceedingunder29CFRpart6anyoftherequiredrecordsthatwerenotprovidedormadeavailabletoWHD.WHDwilltakeinto
considerationareasonablerequestfromthecontractororpersonforanextensionofthetimeforsubmissionofrecords.WHDwilldeterminethereasonablenessoftherequestand
mayconsider,amongotherthings,thelocationoftherecordsandthevolumeof
production.. RequiredinformationdisclosuresContractorsandsubcontractorsmustmaintainthefullSocialSecuritynumberandlastknownaddress,telephonenumber,andemailaddressof
eachcoveredworker,andmustprovidethemuponrequesttoHUDiftheagencyisapartyto
5 FormHUD-4010,(10/2023)ref.Handbook1344.1

thecontract,ortotheWageandHourDivisionoftheDepartmentofLabor.iftheFederalagencyisnotsuchapartytothecontract,thecontractor,subcontractor,orboth,must,
uponrequest,providethefullSocialSecuritynumberandlastknownaddress,telephone‘number,andemailaddressofeachcoveredworkertotheapplicant,sponsor,owner,orotherentity,asthecasemaybe,thatmaintainssuchrecords,fortransmissiontoHUD,the
contractor,ortheWageandHourDivisionoftheDepartmentofLaborforpurposesofan
investigationorothercomplianceaction.4. Apprenticesandequalemploymentopportunity
‘Apprentices‘A.RateofpayApprenticeswillbepermittedtoworkatlessthanthepredeterminedratefor
theworktheyperformwhentheyareemployedpursuanttoandindividuallyregisteredinabonafideapprenticeshipprogramregisteredwiththeU.S.DepartmentofLabor,EmploymentandTrainingAdministration,OfficeofApprenticeship(OA),orwithaState
ApprenticeshipAgencyrecognizedbytheOA.Apersonwhoisnotindividuallyregisteredintheprogram,butwhohasbeencertifiedbytheOAoraStateApprenticeshipAgency(whereappropriate)tobeeligibleforprobationaryemploymentasanapprentice,willbe
permittedtoworkatlessthanthepredeterminedratefortheworktheyperforminthefirst90daysofprobationaryemploymentasanapprenticeinsuchaprogram.IntheeventtheOAoraStateApprenticeshipAgencyrecognizedbytheOAwithdrawsapprovalofanapprenticeshipprogram,thecontractorwillnolongerbepermittedtouseapprenticesat
lessthantheapplicablepredeterminedratefortheworkperformeduntilanacceptable
Programisapproved.B. FringebenefitsApprenticesmustbepaidfringebenefitsinaccordancewiththeprovisions
oftheapprenticeshipprogram.Iftheapprenticeshipprogramdoesnotspecifyfringebenefits,apprenticesmustbepaidthefullamountoffringebenefitslistedonthewagedeterminationfortheapplicableclassification.IftheAdministratordeterminesthata
differentpracticeprevailsfortheapplicableapprenticeclassification,fringebenefitsmustbepaidinaccordancewiththatdetermination.C. ApprenticeshipratioTheallowableratioofapprenticestojourneyworkersonthejobsitein
anycraftclassificationmustnotbegreaterthantheratiopermittedtothecontractorastotheentireworkforceundertheregisteredprogramortheratioapplicabletothelocalityof
theprojectpursuantto29CFR5.5(a)(4)()(0).Anyworkerlistedonapayrollatanapprenticewagerate,whoisnotregisteredorotherwiseemployedasstatedin29CFR5.5(a)(4)(i)(A),mustbepaidnotlessthantheapplicablewagerateonthewage
determinationfortheclassificationofworkactuallyperformed.Inaddition,anyapprenticeperformingworkonthejobsiteinexcessoftheratiopermittedunderthissectionmustbepaidnotlessthantheapplicablewagerateonthewagedeterminationfortheworkactually
performed.D. ReciprocityofratiosandwageratesWhereacontractorisperformingconstructiononaprojectinalocalityotherthanthelocalityinwhichitsprogramisregistered,theratiosand
‘wagerates(expressedinpercentagesofthejourneyworker’shourlyrate)applicablewithinthe
localityinwhichtheconstructionisbeingperformedmustbeobserved.Ifthereisnoapplicableratioorwagerateforthelocalityoftheproject,theratioandwageratespecified
inthecontractor'sregisteredprogrammustbeobserved,liEqualemploymentopportunityTheuseofapprenticesandjourneyworkersunderthispartmust
beinconformitywiththeequalemploymentopportunityrequirementsofExecutiveOrder11246,
asamended,and29CFRpart30.5 CompliancewithCopelandActrequirements.Thecontractorshallcomplywiththerequirementsof29,CFRpart3,whichareincorporatedbyreferenceinthiscontract.
ionsobsolete 6 FormHUD-4010,(10/2023)
ref.Handbook1344.1

Previous

a1
Subcontracts.Thecontractororsubcontractormustinsertinanysubcontractstheclausescontainedin29CFR5.5(a)(1)through(11),alongwiththeapplicablewagedetermination(s)andsuchotherclauses
orcontractmodificationsastheU.S.DepartmentofHousingandUrbanDevelopmentmaybyappropriateinstructionsrequire,andaclauserequiringthesubcontractorstoincludetheseclausesandwagedetermination(s)inanylowertiersubcontracts.Theprime
contractorisresponsibleforthecompliancebyanysubcontractororlowertiersubcontractorwithallthecontractclausesinthissection.Intheeventofanyviolationsoftheseclauses,theprimecontractorandanysubcontractor(s)responsiblewillbeliableforanyunpaidwagesandmonetaryrelief,including
interestfromthedateoftheunderpaymentorloss,duetoanyworkersoflower-tiersubcontractors,
andmaybesubjecttodebarment,asappropriate.7 Contracttermination:debarment.Abreachofthecontractclausesin29CFR5.5maybegroundsfor
terminationofthecontract,andfordebarmentasacontractorandasubcontractorasprovidedin29
CFR5.12.8 CompliancewithDavis-BaconandRelatedActrequirements.Allrulingsandinterpretationsofthe
Davis-BaconandRelatedActscontainedin29CFRparts1,3,and5arehereinincorporatedby
referenceinthiscontract.{9Disputesconcerninglaborstandards.Disputesarisingoutofthelaborstandardsprovisionsofthis
contractshallnotbesubjecttothegeneraldisputesclauseofthiscontract.SuchdisputesshallberesolvedinaccordancewiththeproceduresoftheDepartmentofLaborsetforthin29CFRparts5,6,and7.Disputeswithinthemeaningofthisclauseincludedisputesbetweenthecontractor(oranyofits
subcontractors)andthecontractingagency,theU.S.DepartmentofLabor,ortheemployeesortheir
representatives.10.Certificationofeligibility.4.Byenteringintothiscontract,thecontractorcertifiesthatneitheritnoranypersonorfirmwho
hhasaninterestinthecontractor'sfirmisapersonorfirmineligibletobeawardedGovernmentcontractsbyvirtueof40U.S.C.3144(b)or29CFR5.12(a).li.Nopartofthiscontractshallbesubcontractedtoanypersonorfirmineligibleforawardofa
Governmentcontractbyvirtueof40U.S.C.3144(b)or29CFR5.12(a).ili,ThepenaltyformakingfalsestatementsisprescribedintheU.S.Code,Title18Crimesand.
CriminalProcedure,18U.S.C.1001.Anti-retaliationitisunlawfulforanypersontodischarge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermannerdiscriminateagainst,ortocauseanypersontodischarge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermanner
discriminateagainst,anyworkerorjobapplicantfor:i.Notifyinganycontractorofanyconductwhichtheworkerreasonablybelievesconstitutesa
violationoftheDBA,RelatedActs,or29CFRparts1,3,or5;Filinganycomplaint,initiatingorcausingtobeinitiatedanyproceeding,orotherwiseassertingorseekingtoassertonbehalfofthemselvesorothersanyrightorprotectionundertheDBA,
RelatedActs,or29CFRparts1,3,or5;Cooperatinginanyinvestigationorothercomplianceaction,ortestifyinginanyproceedingunder
theDBA,RelatedActs,or29CFRparts1,3,or5;oriv.InforminganyotherpersonabouttheirrightsundertheDBA,RelatedActs,or29CFRparts1,3,
ors,
ContractWorkHoursandSafetyStandardsAct(CWHSSA)
TheAgencyHeadmustcauseorrequirethecontractingofficertoinsertthefollowingclausessetforthin29CFR5.5(b)(1),(2),(3),(4),and(5)infull,or(forcontractscoveredbytheFederal
AcquisitionRegulation)byreference,inanycontractinanamountinexcessof$100,000andsubjecttotheovertimeprovisionsoftheContractWorkHoursandSafetyStandardsAct.Theseclausesmust

Previouseditionsobsolete 7 FormHUD-4010,(10/2023)ref.Handbook1344.1
beinsertedinadditiontotheclausesrequiredby29CFR5.5(a)or4.6.Asusedinthisparagraph,the
terms“laborersandmechanics”includewatchpersonsandguards.1.Overtimerequirements.Nocontractororsubcontractorcontractingforanypartofthecontractworkwhichmayrequireorinvolvetheemploymentoflaborersormechanicsshallrequireor
permitanysuchlaborerormechanicinanyworkweekinwhichheorsheisemployedonsuch‘worktoworkinexcessoffortyhoursinsuchworkweekunlesssuchlaborerormechanicreceivescompensationataratenotlessthanoneandone-halftimesthebasicrateofpayforallhours
workedinexcessoffortyhoursinsuchworkweek.2.Violation;liabilityforunpaidwages;liquidateddamages.Intheeventofanyviolationofthe
clausesetforthin29CFR5.5(b](1)thecontractorandanysubcontractorresponsiblethereforshallbeliablefortheunpaidwagesandinterestfromthedateoftheunderpayment.Inaddition,suchcontractorandsubcontractorshallbeliabletotheUnitedStates(inthecaseofworkdone
undercontractfortheDistrictofColumbiaoraterritory,tosuchDistrictortosuchterritory),forliquidateddamages.Suchliquidateddamagesshallbecomputedwithrespecttoeachindividuallaborerormechanic,includingwatchpersonsandguards,employedinviolationoftheclauseset
forthin29CFR5.5(b)(1),inthesumof$31foreachcalendardayonwhichsuchindividualwas
requiredorpermittedtoworkinexcessofthestandardworkweekoffortyhourswithoutpaymentoftheovertimewagesrequiredbytheclausesetforthin29CFR5.5(b)(1).
3.Withholdingforunpaidwagesandliquidateddamagesi.WithholdingprocessTheU.SDepartmentofHousingandUrbanDevelopmentortherecipientofFederalassistancemay,uponitsownaction,ormust,uponwrittenrequestofanauthorizedrepresentativeoftheDepartmentofLabor,withholdorcausetobewithheldfromthecontractor
somuchoftheaccruedpaymentsoradvancesasmaybeconsiderednecessarytosatisfytheliabilitiesoftheprimecontractororanysubcontractorforanyunpaidwages;monetaryrelief,includinginterest;andliquidateddamagesrequiredbytheclausessetforthin29CFR5.5(b)on
thiscontract,anyotherFederalcontractwiththesameprimecontractor,oranyotherfederallyassistedcontractsubjecttotheContractWorkHoursandSafetyStandardsActthatisheldbythesameprimecontractor(asdefinedin29CFR5.2).Thenecessaryfundsmaybewithheldfromthe
contractorunderthiscontract,anyotherFederalcontractwiththesameprimecontractor,oranyotherfederallyassistedcontractthatissubjecttotheContractWorkHoursandSafetyStandards‘Actandisheldbythesameprimecontractor,regardlessofwhethertheothercontractwas
awardedorassistedbythesameagency,andsuchfundsmaybeusedtosatisfythecontractor
liabilityforwhichthefundswerewithheld.liPrioritytowithheldfundsTheDepartmenthasprioritytofundswithheldortobewithheldin
accordancewith29CFR5.5(a)(2)(i)or(b)(3)(i),orboth,overclaimstothosefundsby:A.Acontractor’ssurety(ies),includingwithoutlimitationperformancebondsuretiesand
paymentbondsureties;B.Acontractingagencyforitsreprocurementcosts;€. Atrustee(s)(eitheracourt-appointedtrusteeoraU.S.trustee,orboth)inbankruptcyof acontractor,ora contractor'sbankruptcyestate;
D.Acontractor’sassignee(s);E. Acontractor’ssuccessor(s);orF. AclaimassertedunderthePromptPaymentAct,31U.S.C.3901-3907.
4, Subcontracts.Thecontractororsubcontractormustinsertinanysubcontractstheclausessetforthin29CER5.5(b)(1)through(5)andaclauserequiringthesubcontractorstoincludetheseclausesinany
lowertiersubcontracts.Theprimecontractorisresponsibleforcompliancebyanysubcontractororlowertiersubcontractorwiththeclausessetforthin29CFR5.5(b)(1)through(S).Intheeventofany
violationsoftheseclauses,theprimecontractorandanysubcontractor(s)responsiblewillbeliableforanyunpaidwagesandmonetaryrelief,includinginterestfromthedateoftheunderpaymentorloss,
Previouseditionsobsolete 8 FormHUD-4010,(10/2023)
ref.Handbook1344.1

duetoanyworkersoflower-tiersubcontractors,andassociatedliquidateddamagesandmaybesubject.
todebarment,asappropriate.5S_Anti-retaliationItisunlawfulforanypersontodischarge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermannerdiscriminateagainst,ortocauseanypersonto
discharge,demote,intimidate,threaten,restrain,coerce,blacklist,harass,orinanyothermannerdiscriminateagainst,anyworkerorjobapplicantfor:i._Notifyinganycontractorofanyconductwhichtheworkerreasonablybelievesconstitutesa
ViolationoftheContractWorkHoursandSafetyStandardsAct(CWHSSA)oritsimplementingregulationsin29CFRpart5;ii,Filinganycomplaint,initiatingorcausingtobeinitiatedanyproceeding,orotherwiseasserting
orseekingtoassertonbehalfofthemselvesorothersanyrightorprotectionunderCWHSSAor
29CFRpart5;ili,Cooperatinginanyinvestigationorothercomplianceaction,ortestifyinginanyproceeding.
underCWHSSAor29CFRpart5;oriv.InforminganyotherpersonabouttheirrightsunderCWHSSAor29CFRpart5.
C. CWHSSArequiredrecordsclauseinadditiontotheclausescontainedin29CFR5.5(b),inanycontractsubjectonlytotheContractWorkHoursandSafetyStandardsActandnottoanyoftheotherlawsreferencedby29CFR5.1,theAgencyHeadmustcauseorrequirethecontractingofficertoinserta‘clauserequiringthatthecontractororsubcontractormustmaintainregularpayrollsandotherbasic
recordsduringthecourseoftheworkandmustpreservethemforaperiodof3yearsafteralltheworkontheprimecontractiscompletedforalllaborersandmechanics,includingguardsandwatchpersons,workingonthecontract.Suchrecordsmustcontainthename;lastknownaddress,telephonenumber,
andemailaddress;andsocialsecuritynumberofeachsuchworker;eachworker'scorrectclassification(s)ofworkactuallyperformed;hourlyratesofwagespaid;dailyandweeklynumberofhoursactuallyworked;deductionsmadeandactualwagespaid.Further,theAgencyHeadmustcause
‘orrequirethecontractingofficertoinsertinanysuchcontractaclauseprovidingthattherecordstobemaintainedunderthisparagraphmustbemadeavailablebythecontractororsubcontractorforinspection,copying,ortranscriptionbyauthorizedrepresentativesofthe(writethenameofagency)andtheDepartmentofLabor,andthecontractororsubcontractorwillpermitsuchrepresentativesto
interviewworkersduringworkinghoursonthejob.D. IncorporationofcontractclausesandwagedeterminationsbyreferenceAlthoughagenciesare
requiredtoinsertthecontractclausessetforthinthissection,alongwithappropriatewagedeterminations,infullintocoveredcontracts,andcontractorsandsubcontractorsarerequiredtoinserttheminanylower-tiersubcontracts,theincorporationbyreferenceoftherequiredcontractclauses
andappropriatewagedeterminationswillbegiventhesameforceandeffectasiftheywereinsertedin
fulltext.IncorporationbyoperationoflawThecontractclausessetforthinthissection(ortheirequivalentundertheFederalAcquisitionRegulation),alongwiththecorrectwagedeterminations,willbeconsideredtobeapartofeveryprimecontractrequiredbytheapplicablestatutesreferencedby29
CFR5.1toincludesuchclauses,andwillbeeffectivebyoperationoflaw,whetherornottheyareincludedorincorporatedbyreferenceintosuchcontract,unlesstheAdministratorgrantsavariance,
tolerance,orexemptionfromtheapplicationofthisparagraph.Wheretheclausesandapplicablewagedeterminationsareeffectivebyoperationoflawunderthisparagraph,theprimecontractormustbe
‘compensatedforanyresultingincreaseinwagesinaccordancewithapplicablelaw.

Previouseditionsobsolete 9 FormHUD-4010,(10/2023)ref.Handbook1344.1
F,HEALTHANDSAFETYTheprovisionsofthisparagraph(F)areapplicablewheretheamountoftheprimecontractexceeds
$100,000.Nolaborerormechanicshallberequiredtoworkinsurroundingsorunderworkingconditionswhichareunsanitary,hazardous,ordangeroustohisorherhealthandsafety,asdeterminedunderconstruction
safetyandhealthstandardspromulgatedbytheSecretaryofLaborbyregulation.ThecontractorshallcomplywithallregulationsissuedbytheSecretaryofLaborpursuantto29CFRPart1926andfailuretocomplymayresultinimpositionofsanctionspursuanttotheContractWorkHoursand
SafetyStandardsAct,(PublicLaw91-54,83Stat96),40U.S.C.§3701etseq.Thecontractorshallincludetheprovisionsofthisparagraphineverysubcontract,sothatsuchprovisionswillbebindingoneachsubcontractor.Thecontractorshalltakesuchactionwithrespecttoany
subcontractorastheSecretaryofHousingandUrbanDevelopmentortheSecretaryofLaborshalldirectas‘ameansofenforcingsuchprovisions.
FormHUD-4010,(10/2023)Previouseditionsobsolete 10 ref,Handbook1344.1
EXHIBIT E
DAVIS-BACON WAGE DETERMINATION
[Attached]
‘MFIRM#41903568v25 E-l

"GeneralDecisionNumber:be20n10002"61/15/2021 TheClaraonMartinLutherKingJr.Avenue,
SE Project:
SupersededGeneralDecision Number: BuildingDecisionNo.:DC20210002
pezo2oo02 ModificationNo.:2
State:Districtof PublicationDate:1/15/2021,
Columbia LOCK-INDATE:4/13/2021
Construction:Type: LABORSTANDARDMONITORSBuilding FabianFurr(Field/Admin)Office# (202)442-7293/Work
County: District of Cell # (202)329-4117
Columbia Statewide.
BUILDING CONSTRUCTION PROJECTS (does not include single
family
homes or apartmentsup to and including4 stories).
Note: UnderExecutiveOrder (EO)13658,an hourlyminimum
wage
of $10.95for calendaryear 2021 appliesto all contracts
subjectto the Davis-BaconAct for whichthe contractis
awarded(andany solicitationwas issued)on or after
January
1, 2015. I£ this contractis coveredby the £0, the
contractormust pay all workersin any classificationlistedon this
wage
determinationat least $10.95per hour (orthe applicable
wagerate listedon this wagedetermination,if it is higher
forall hoursspentperformingon the contractin calendaryear
2021. I£ this contractis coveredby the EO and a
classificationconsiderednecessaryfor performanceof work
onthe contractdoes not appearon thiswage determination
the
contractormust pay workersin that classificationat least
the
wage rate determinedthroughthe conformanceprocessset
forth

in 29 CFR 5.5(a)(1)(ii) (or the EO minimum wagerate, if it
is
higherthan the conformedwage rate). The EO minimumwage
rate
will be adjustedannually. Pleasenote that this EO
appliesto
the above-mentionedtypesof contractsenteredintoby the
federalgovernmentthatare subjectto the Davis-BaconAct
itself, but it does not apply to contracts subject only to
theDavis-BaconRelatedActs, includingthoseset forthat 29
CFR
5.1(a) (2)-(60).Additionalinformationon contractor
requirementsand workerprotectionsunderthe EO is
availableat www.dol.gov/whd/govcontracts
Modification Number Publication Date
0 01/01/2021
i 01/08/2021
2 02/15/2021
ASBE0024-007 04/01/2020
Rates Fringes
ASBESTOS WORKER/HEAT & FROST
INSULATOR.«000 seeeeeeeeeeeeeeeee$ 38.01 17,37+a
Includesthe applicationof all insulatingmaterials
protectivecoverings,coatingsand finishesto all types
ofmechanical systems
a. PAID HOLIDAYS:New Year'sDay, MartinLutherKing Day,
MemorialDay, IndependenceDay, LaborDay,Veterans’Day,
ThanksgivingDay,theday afterThanksgivingand Christmas
Day providedthe employeeworks the regularwork day
beforeand after the paid holiday.

ASBE0024-008 04/01/2020
Rates Fringes
ASBESTOS WORKER: HAZARDOUS
MATERIAL HANDLER.....e-eeeeeeeee+$ 24.46 7,69ta
Includespreparation,wetting,stripping,removal
scrapping,vacuuming,baggingand disposingof all insulation
materials,whetherthey containasbestosor not, from
mechanicalsystems
a. PAID HOLIDAYS:New Year'sDay,MartinLutherKing Day,
MemorialDay, IndependenceDay, LaborDay,Veterans'Day,ThanksgivingDay,theday afterThanksgivingand ChristmasDay providedthe employeeworksthe regularwork day
before
and after the paid holiday.

ASBE0024-01404/01/2020
Rates Fringes
FIRESTOPPER......0+-+eeeeeeeeee+9 29.41 8.18ta
Includesthe applicationof materialsor deviceswithin
oraroundpenetrationsand openingsin all ratedwall or
floor
assemblies,in orderto preventthe pasageof fire,smoke
of othergases.The applicationincludesall componentsinvolved in creating the rated barrier at perimeter slab
edgesand exteriorcavities,the head of gypsumboardor
concretewalls,jointsbetweenratedwall or floor
components,sealingof penetratingitemsand blank
openings.
a. PAID HOLIDAYS:New Year's Day, Martin Luther King Day,
Memorial Day, IndependenceDay, Labor Day, Veterans' Day,
ThanksgivingDay,the day after Thanksgivingand Christmas
Day providedthe employeeworks the regularwork day
beforeand after the paid holiday.

BRDC0001-002 05/03/2020

BRICKLAYER.

CARPO197-011 09/01/2020
Rates Fringes
CARPENTER,IncludesDrywall
Hanging, Form Work, and Soft
FloorLaying-Carpet..

CARP0219-00105/01/2019
Rates Fringes
MILLWRIG! $ 35.99 11.23

CARPO441-001 09/01/2020
Rates Fringes
PILEDRIVERMAN.

ELECOO26-016 11/02/2020
Rates Fringes
ELECTRICIAN, Includes
Installation of
HVAC/Temperature Controls........$ 48.00 20.23

* ELECO026-017 09/07/2020
Rates Fringes
ELECTRICAL INSTALLER (Sound
& Communication Systems).........$ 29.05 11.39

SCOPE OF WORK: Includes low voltage construction,
installation, maintenance and removal of teledata
facilities (voice, data and video) including outside
plant,
telephone and data inside wire, interconnect, terminal
equipment, central offices, PABX, fiber optic cable and
equipment, railroad communications, micro waves, VSAT,
bypass, CATV, WAN (Wide area networks), LAN (Local area
networks) and ISDN (Integrated systems digital network).
WORK EXCLUDED: The installation of computer systems in
industrialapplicationssuchas assemblylines,robotics
and computercontrollermanufacturingsystems. The
installationof conduitand/orracewaysshallbe
installed
by InsideWiremen.On siteswhere thereis no Inside
Wiremanemployed,the TeledataTechnicianmay installracewayor conduitnot greaterthan 10 feet.Firealarm
work is excludedon all new constructionsitesor
whereverthe fire alarm system is installed in conduit. All HVAC
control work.

ELEVO010-001 01/01/2021
Rates Fringes
ELEVATOR MECHANIC.......+-.+-++++$ 48.60 35.825+atb
a. PAID HOLIDAYS:New Year'sDay, MemorialDay,
IndependenceDay, LaborDay,Veterans!Day,ThanksgivingDay,
Christmas
Day and the Fridayafter Thanksgiving.
b. VACATIONS:Employercontributes8% of basichourly
rate
for 5 years or more of service;6% of basichourlyrate
for
6 months to 5 yearsof serviceas vacationpay credit.

TRONOOOS-005 06/01/2020
TRONWORKER, STRUCTURAL AND
ORNAMENTAL,

TRONO00S-012 05/01/2020
Rates Fringes

IRONWORKER, REINFORCING. 22.03

LABO0011-009 06/15/2020
Rates Fringes
LABORER: Skilled...........---0 $ 25.88 8.63
FOOTNOTE: Potmen,power tool operator,smallmachine
operator,signalmen,laserbeam operator,waterproofer
(excludingroofing),open caisson,test pit
underpinning,pier hole and ditches,laggersand all work associated
with
lagging that is not expressly stated, strippers, operator
of hand derricks,vibratoroperators,pipe layers,or
tile
layers,operatorsof jackhammers,pavingbreakers,
spadersor any machinethat does the same generaltypeof work,
carpentertenders,scaffoldbuilders,operatorsof
towmasters,scootcretes,buggymobilesand othermachines
of
similarcharacter,operatorsof tampersand rammersand
othermachinesthat do the same generaltypeof work,
whetherpoweredby air, electricor gasoline,buildersof
trestlescaffoldsover one tier high and sand blasters,
power and chainsaw operatorsused in clearing,
installers
of well points,wagondrill operators,acetyleneburners
and licensedpowdermen,stakejumper,demolition.

MARBO002-004 05/03/2020
Rates Fringes
MARBLE/STONE MASON.......+..---05$ 39.76 18.88
INCLUDINGpointing,caulkingand cleaningof All typesof
masonry,brick,stoneand cementEXCEPTpointing,
caulking,cleaningof existingmasonry,brick,stoneand cement
(restorationwork)

MARB0003-00605/03/2020
Rates Fringes
TERRAZZO WORKER/SETTER. $ 30.12 12.46

MARBO003~00705/03/2020
Rates Fringes
TERRAZZO FINISHER. $ 24.94 11,42

MARBOOO3-008 05/03/2020
Rates Fringes
TILE SETTER ++$ 30.12 12.46

MARBO003-009 05/03/2020
Rates Fringes
118 24,94 11.42 TILE FINISHER..

PAINOOS1-014 06/01/2020
Rates Fringes
GLAZIERGlazingContracts$2millionand under...........$ 28.02 12.55
GlazingContractsover $2million 12.55

PAINOOS1-015 06/01/2020
Rates Fringes
PAINTER
Brush,Roller,Spray and
DrywallFinisher.... -+$ 25.05 31.17

PLAS0891-005 07/01/2018
Rates Fringes
PLASTERER.

++$ 29,53 6.80

PLASO891-006 02/01/2020
Rates Fringes
CEMENT MASON/CONCRETE FINISHER...$ 28,82 11.68

PLASO891-007 08/01/2016

Rates Fringes
FIREPROOFER
$ 16.50 4.89
Mixer/Pump.. § 18.50 4.89
Sprayer.. $ 23.00 4.89
Sprayingof all Fireproofingmaterials.Handapplication
ofFireproofingmaterials,Thisincludeswetor dry,hardor
soft.Intumescent fireproofingand refractionwork,
including,but not limitedto, allsteelbeams,columns
metaldecks,vessels,floors,roofs,whereever
fireproofingis required.Plusany installationof
thermaland acousticalinsulation.All thatencompassessetting
upforFireproofing,andtakendown.Removalof fireproofing
materialsand protection.Mixingof allmaterialseither
by
handor machinefollowingmanufacturesstandards

PLUMOOO5S-01008/01/2020
Rates Fringes
PLUMBER.05:06.0.830 vedotone6828859 $ 44.92 19.91+a
a. PAIDHOLIDAYS: Labor Day,Veterans'Day,Thanksgiving
Day
and the day afterThanksgiving,ChristmasDay,New Year's
Day,MartinLutherKing'sBirthday,MemorialDay and the
Fourthof July.

PLUMO602-008 08/01/2020
Rates Fringes
PIPEFITTER, Includes HVAC 22.64+¢a
a. PAIDHOLIDAYS:New Year'sDay,MartinLutherKing's
Birthday,MemorialDay, IndependenceDay, LaborDay,
Veterans’Day,ThanksgivingDay and the day after
Thanksgivingand ChristmasDay.

ROOF0030-016 07/01/2019
Rates Fringes
ROOFER..... . ‘ $ 30.25 13.24

SFDC0669-002 01/01/2021
Rates Fringes
SPRINKLERFITTER (Fire
Sprinklers) *

SHEEO100-015 11/01/2020
Rates Fringes
SHEET METAL WORKER (Including
HVAC Duct Installation)..........$ 42.67 21.33+a
a. PAIDHOLIDAYS:New Year'sDay,MartinLutherKing's
Birthday,MemorialDay, IndependenceDay, Labor Day,
VeteransDay, ThanksgivingDay and ChristmasDay

SUDC2009-003 05/19/2009
Rates Fringes
LABORER: Common or General......$ 13.04 2.80
LABORER: Mason Tender -
Cement/Concrete......-.++++++++++9 15.40 2.85
LABORER:MasonTenderforpointing,caulking,cleaningof existingmasonry,brick,
stone and cement structures
(restorationwork);excludes
pointing,caulkingand
cleaningof new orreplacementmasonry,brick,
stone and cement... eeeees$ 11.67
POINTER, CAULKER, CLEANER,
Includespointing,caulking,
cleaningof existingmasonry,
brick,stoneand cement
structures (restoration
work);excludespointing,
caulking,cleaningof new or
replacement
masonry,brick,stoneorGamentspaedunyieeeer abe -$ 18.88

WELDERS - Receive rate prescribed for craft performing
operation to which welding is incidental.

Note: Executive Order (EO) 13706, Establishing Paid Sick
Leave
for Federal Contractors applies to all contracts subject to
the
Davis-Bacon Act for which the contract is awarded (and any
solicitation was issued) on or after January 1, 2017. If
this
contract is covered by the EO, the contractor must provide
employees with 1 hour of paid sick leave for every 30 hours
they work, up to 56 hours of paid sick leave each year.
Employeesmust be permittedto use paid sick leave for
their
own illness,injuryor other health-relatedneeds,
including
preventivecare;to assista familymember (orpersonwho
is
like familyto the employee)who is ill, injured,or has
other
health-relatedneeds,includingpreventivecare; or for
reasons
resultingfrom,or to assista familymember (orpersonwho
is
like familyto the employee)who is a victimof, domestic
violence,sexualassault,or stalking. Additional
information
on contractor requirements and worker protections under the
EO
is availableat www.dol.gov/whd/govcontracts.
Unlisted classifications needed for work not included
within
the scope of the classifications listed may be added after
award only as provided in the labor standards contract
clauses
(29CFR 5.5 (a) (1) (ii)).

The body of eachwage determinationliststhe
classificationand wage ratesthat havebeen foundto be prevailingfor
the
citedtype(s)of constructionin the area coveredby the

wage
determination, The classifications are listed
alphabetical
order of ""identifiers"" that indicate whether the
particular
rateis a unionrate (currentunionnegotiatedratefor
local),
a surveyrate (weightedaveragerate)or a unionaverage
rate(weightedunionaveragerate).
Union Rate Identifiers
A four letter classification abbreviation identifier
enclosed
in dotted lines beginning with characters other than ""suU""

denotes that the union classification and rate
wereprevailingforthatclassificationin the survey.Example:
PLUMO198-005 07/01/2014. PLUM is an abbreviation identifier
of
the union which prevailed in the survey for this
classification, which in this example would be Plumbers.
0198
indicates the local union number or district council number
where applicable, i.e., Plumbers Local 0198. The next
number,
005in the example,is an internalnumberusedin
processing
the wage determination. 07/01/2014 is the effective date of
the
most current negotiated rate, which in this example is July
1,2014.
Union prevailing wage rates are updated to reflect all rate
changes in the collective bargaining agreement (CBA
governing
this classification and rate.
SurveyRate Identifiers
Classificationslistedunderthe ""SU""identifierindicate
that
no one rateprevailedfor thisclassificationin the survey
andthe publishedrate is derivedby computinga weighted
averageratebasedon all the rates reportedin the surveyfor that
classification.As this weightedaveragerate includesall
ratesreportedin the survey,it may includeboth unionand
non-unionrates.Example:SULA2012-0075/13/2014.SU
indicates
the ratesare surveyratesbased on a weightedaverage
calculation of rates and are not majority rates. LA
indicates
the State of Louisiana. 2012 is the year of survey on which
theseclassificationsand ratesare based.The next number,
007
in the example,is an internalnumberused in producingthe
wage determination.5/13/2014indicatesthe survey
completion
date for the classificationsand ratesunderthat
identifier.
Surveywage ratesare not updatedand remainin effect
until a
new surveyis conducted.
UnionAverageRate Identifiers
Classification(s) listed under the UAVG identifier indicate
that no single majority rate prevailed for those
classifications; however, 100% of the data reported for the
classifications was union data. EXAMPLE: UAVG-OH-0010
08/29/2014. UAVG indicates that the rate is a weighted
union
average rate. OH indicates the state. The next number, 0010
in
the example, is an internal number used in producing the
wage
determination. 08/29/2014 indicates the survey completion
date
for the classifications and rates under that identifier
A UAVG ratewill be updatedonce a year,usuallyin January
ofeach year,to reflecta weightedaverageof the current
negotiated/CBArate of the union localsfromwhich the rate
isbased.

WAGE DETERMINATION APPEALS PROCESS
1.) Has there been an initial decision in the matter? This
can
be:
* an existingpublishedwage determinationa surveyunderlyinga wage determination
* a Wage and Hour Divisionlettersettingforth a position
on a wage determinationmatter* a conformance(additionalclassificationand rate
ruling
On surveyrelatedmatters,initialcontact,including
requests
for summariesof surveys,shouldbe with the Wage and Hour
RegionalOfficefor the area in which the surveywas
conductedbecausethose RegionalOfficeshave responsibilityfor the
Davis-Baconsurveyprogram.If the responsefrom this
initialcontactis not satisfactory,then the processdescribedin
2.)
and 3.) shouldbe followed.
With regardto any othermatternot yet ripe for the formal
processdescribedhere, initialcontactshouldbe with theBranchof ConstructionWage Determinations.Write to:
Branchof ConstructionWage Determinations
Wage and Hour Division
U.S, Departmentof Labor
200 ConstitutionAvenue,N.W.
Washington,DC 20210
2.) If the answerto the questionin 1.) is yes, then an
interestedparty (thoseaffectedby the action)can request
reviewand reconsiderationfromthe Wage and Hour
Administrator
(See29 CFR Part 1.8 and 29 CFR Part 7). Write to:
Wage and Hour Administrator
U.S. Departmentof Labor200 ConstitutionAvenue,N.W.
Washington,DC 20210
The requestshouldbe accompaniedby a full statementof
theinterestedparty'spositionand by any information(wage
paymentdata,projectdescription,area practicematerial,etc.) that the requestor considers relevant to the issue.
3.) If the decisionof the Administratoris not favorable,
aninterestedpartymay appealdirectlyto the Administrative
ReviewBoard (formerlythe Wage AppealsBoard). Write to:
AdministrativeReviewBoard
U.S, Departmentof Labor200 ConstitutionAvenue,N.W.
Washington,DC 20210
4.) All decisions by the Administrative Review Board are
final.

END OF GENERAL DECISION"
EXHIBITF
SECTION 3 CONTRACT ADDENDUM
DMFIRM#41903568v25 F-l

ak
acd Department of Housing and Community Development
eS
SECTION 3 OPPORTUNITIES PLAN
SectionA.ProjectInformation

ProjectName:TheClaraonMartinLuther BusinessName:HamelBuilders,Inc.King,JrAve
Grant/Contract/LoanAmount:$13,497,698| Date:1/19/2021

TotalDevelopmentCosts:Unknown

PrincipalContactName:ThomasE.Wahi PrincipalContactTelephone:410-379-
6700
Thisisa planfora:GeneralContractor CertifiedSection3BusinessConcern:No

SectionB.PlanGoals:|intendtocomplywiththerequirementsofSection3oftheHousingandUrbanDevelopmentActOf1968
‘A.TheRecipientorContractorhascommittedtoemployortrainlow-incomeDistrictofColumbiaresidentsinordertocomplywithitsSection3requirements.One(1)or(30%ormore)ofitsnewhiresduringthetermofthecontractwillbeSection3residents.TheRecipientorContractoraffirmsthatthejobsidentifiedbystafforcontractorshallbeformeaningfulemploymentcontractrelatedtotheproject.
And
{B. The Recipientor Contractorhas identifiedcertifiedSection3 residentowned business(es)
tocomplywith-Section3 requirementscoveredunderthecontract.RecipientorContractor
agrees tocontract$ 10% ofSubcontractedamount (10% of housingand buildingtradeswork)
and$N/A(3%ofallothercontracts)ofworktobelettoSection3BusinessConcems.
TheRecipientorGeneralContractormustnotifyDHCDoftheopeningof thebiddingprocessinconnectionwiththisproject.DHCDmustbenotified14dayspriortothestartandreceivedocumentationofthesolicitationofcertifiedSection3BusinessConcerns.

OtherRecipientorContractorobligations:‘*Includethe‘Section3clause’inallitscontractsinconnectionwithworktobeperformedinSection3coveredcontracts.‘©Requireallsubcontractorswithcontractsover$100,000tosubmitaSection3OpportunitiesPian© Completequarterlyreporting(ifapplicable)
‘*DocumentingeffortsandactivitiesusedtofulfilSection3goals
SectionC. ActionPlan
‘SecTion3OpporTUnmiesPLAN&PROGRAMCERTIFICATION2014 1

Pleaselistintheboxbelowa descriptionofthemethodstobeusedtoachieveyourSection3
goals.Thisnarrativemustincludeyour(1)planforhiringSection3 Residentsand(2)planfor
contractingwithSection3 BusinessConcernsandthedateyouintendtostartyourplan.
Atthistime,HamelBuilders,Inc.(Hamel)isprojectingtohireatleastoneSection3residentfortheproject.Thepositionshouldbeneededapproximately3monthsafierconstructionbegins.Hamelwillencouragesubcontractorstomatchefforts.1.HamelwillexecutetheFirstSourceEmploymentAgreementwithDepartmentofEmploymentServices(DOES)andwillutilizeDOESasasourcetorecruitSection3residentsforthejobopenings.Allsubcontractorswithcontractsover$300,000workingonthisprojectwillexecutethisagreementaswell,andwillusethisresourcetohirequalifiedworkers.2.Hamelwillcoordinateand/orparticipateintargetedhiringeventswiththeassistanceofDOES and/orotheragenciestomatchprospectiveSection3 residentsinterestedinthe
constructionfieldwithsubcontractorsandsuppliers.OtherresourcesforSection3residentsareDCHA's Workforce Development, Tony Lewis with CSOSA and DC YouthBuild. Hamel will
ensureapplicablehiresareregisteredwithDOESandareSection3residents.3.HamelwillcollaboratewiththeOwnerandparticipateinANC meetingstocreatecommunity
interestwhenrequested.4.HamelwillutilizeDHCD’savailableresourcestoidentifySection3Businessesthatwouldbequalifiedtoperformassubcontractors.5.Hamelwillholdpre-bidmeetingsandopendoorsessionsforSection3andCBEsubcontractorsatthejobsiteornearbylocationwhenpossibleoratHamel'sDCofficetofacilitateattendanceforinterestedlocalcompanies.6. Any subcontractorwitha contractgreaterthan $100,000 willcomplete a DHCD Section3
OpportunitiesPlan.
7.Hamelengageandoffertrainingresourcestosubcontractorswhomayquibusinessesand willassistthem in theircertificationprocess withDHCD.

asSection3
The Recipientor Contractorhereby agrees tocomply withallthe provisionsof Section 3 as set
forthin24 CFR 135.1 et seq. and DHCD resolutionsimplementing Section3 requirements.The
Contractor/Developercommits to conduct aggressiveoutreach and notificationto potential
Section3ResidentsandSection3BusinessConcemsofhiringopportunitiesandcontractingopportunities.
Thefailuretomakebonafideattemptstocomplywiththeabove-approvedplanmaybedeemedacomplianceviolation,
Quen Key —— 19/24
en Lal Lh-alGeneralCéntractor/SubcontractorSignature Date"
‘SECTIONOpportuniesPLAN&PROGRAMCERTIFICATION2014 2

EXHIBITG
DEVELOPMENT TEAM DEBARMENT AFFIDAVIT
[Attached]
DMFIRM#41903568v25 Gl
AFFIDAVIT
I,OmarA.Karim, herebyattestthatallmembersoftheteam,whoarelistedbelow,arenotlisted
intheListofPartiesExcludedfromFederalProcurementorNon-ProcurementPrograms.
DEVELOPMENTTEAM
Owner: 0 onMartinLutherKi wv
Consultant(s): =
ManagementAgent: WinnManagementCompanies_
Attorney: AmeenahCapers_
Engineer:
Architect:
Other(s):

Ifurtherattestthatnoprincipal,majorstockholder,officer,ordirectoroftheteamisdebarredfrom
participatinginafederalprocurementornon-procurementprogram.

November 10.2025
Date
STATEOF MARYLAND
COUNTYOFAlo ,towit:
Onthis(()!dayof >, 20257beforeme,theundersignedofficer,
personallyappeared_OmarA.Karim,knowntome(orsatisfactorilyproven)tobetheperson(s)
whosenameissubscribedtowithintheinstrumentandacknowledgedthatheexecutedthesame
forthepurposethereincontained.
In witnesshereofI hereuntosetmy hand and officialseal.

ErAen vieneMiicicomerycounty
“040MHOMER COs“anna
EXHIBIT H
INSURANCE REQUIREMENTS
[Attached]
DMFIRM#41903568v25 Hel
INSURANCE
A.
B.
1.
GENERAL REQUIREMENTS. The Developer atitssoleexpense shallprocureand
maintain,duringtheentireperiodofperformanceunderthiscontract,thetypesofinsurancespecifiedbelow. The Developer shallsubmit a Certificateof Insurancetothe
ContractingOfficer(CO)givingevidenceoftherequiredcoveragepriortocommencingperformanceunderthiscontract.InnoeventshallanyworkbeperformeduntiltherequiredCertificatesofInsurancesignedbyanauthorizedrepresentativeoftheinsurer(s)havebeenprovidedto,andacceptedby,theCO.
IftheDeveloperand/oritssubcontractorsmaintainbroadercoverageand/orhigherlimitsthantheminimumsshownbelow,theDistrictrequiresandshallbeentitledtothebroadercoverageand/orthehigherlimitsmaintainedbytheDeveloperandsubcontractors.
INSURANCE REQUIREMENTS
Commercial GeneralLiabilityInsurance(“CGL™)-The Developeror itsContractors
shallprovideevidencesatisfactorytotheCO withrespecttotheservicesperformedthatitcarriesaCGLpolicy,writtenonanoccurrence(notclaims-made)basis,onInsuranceServicesOffice,Inc.(“ISO”)formCG00010413(oranotheroccurrence-basedformwithcoverageatleastasbroadandapprovedbytheCO inwriting),coveringliabilityforallongoingandcompletedoperationsoftheDeveloperandunderallsubcontracts,coveringclaimsforbodilyinjury,includingwithoutlimitationsickness,diseaseordeathandmentalanguishofanypersons,broadformpropertydamage,includinglossofuseresultingtherefrom,personalandadvertisinginjury,andincludingcoverageforliabilityarisingoutofanInsuredContract(includingthetortliabilityofanotherassumedinacontract)andactsofterrorism(whethercausedbyaforeignordomesticsource).Suchcoverageshallhavelimitsofliabilityofnotlessthan$1,000,000foreachoccurrence,$2,000,000generalaggregate,$2,000,000productsandcompletedoperationsaggregate,and$1,000,000personalandadvertisinginjuryaggregatelimit.
‘TheCommercialGeneralLiabilityshallbefurtherendorsedto:a)Tothefullestextentpermittedbylaw,provideadditionalinsuredcoverageusing ISO form CG 2010 0413 and CG2037 04 13 (oritsequivalent)to The
Government of the Districtof Columbia
b)Coverageavailabletotheadditionalinsuredsshallapplyonaprimaryandnon-contributingbasisasrespectsanyotherinsurance,deductibles,orself-insuranceavailabletotheadditionalinsuredsc) A waiverofsubrogation infavorof The Government of the Districtof
Columbiad) AnyAnnualAggregateshallapplyonaperlocationorperprojectbasis
e)Defensecostsshallbeinadditiontoandnoterodethelimitsofliability
Automobile LiabilityInsurance-The Developer or itsContractorsshallprovideevidence
satisfactorytotheCOofcommercial(business)automobileliabilityinsurancewrittenonISO form CA 00 01 10 13 (oranotherform with coverage atleastas broad and approved
bytheCO inwriting)includingcoverageforallowned,hired,borrowedandnon-owned
V36-07-2025
vehiclesandequipmentusedbytheDeveloperorcontractorsinconnectionwithworkunderthisagreement,withaminimumcombinedsinglelimitof$1,000,000.Suchpolicy
orpoliciesofautomobileliabilityinsuranceshallbewrittenonan"occurrence"(as
opposedtoa"claimsmade")basis.

TheCommercialAutoLiabilitypolicyshallbefurtherendorsedto:a)Tothefullestextentpermittedbylaw,provideadditionalinsuredcoverageto
TheGovernmentoftheDistrictofColumbiab)Coverageavailabletotheadditionalinsuredsshallapplyonaprimaryandnon-contributingbasisasrespectsanyotherinsurance,deductibles,orselfinsuranceavailabletotheadditionalinsureds©)A waiverofsubrogationinfavorofTheGovernmentoftheDistrictofColumbiad)Defensecostsshallbeinadditiontoandnoterodethelimitsofliabilitye)Ifapplicable,includeFormCA 99480306PollutionLiability-BroadenedCoverageforCoveredAutos-BusinessAuto,MotorCarrier,andTruckers(or
itsequivalent)£)MovingandStorageCompaniesshallberequiredtoprovideevidenceofBMC91orBMC91Xfiling

ForDevelopersprovidingtransportation:Developersorcontractorsprovidingtransportationmustadditionallycomplywiththe
following:a)OperatorsholdingarestrictedWMATC CertificateofAuthoritymusthaveasinglelimitof$1.5millionincombined(bodilyinjuryandphysicaldamage)
coverage,orb)OperatorsholdinganunrestrictedWMATC CertificateofAuthoritymusthaveasinglelimitof$5Mincombined(bodilyinjuryandphysicaldamage)
coverage.Inaddition,bothtypesofWMATC certificateholdersmusthaveinplacethefollowingLicensingRequirementsasapplicable:a)CommercialDriver'sLicense(CDL)withthefollowingendorsements:
i)P(Passenger):AlldriversMUST haveaPendorsementenablingthemto
transportpassengers(16ormore)ii)S(SchoolBus):Alldriversoperatingschoolbuses(flashinglights,swingarmwistopsign)mustalsohaveanSendorsement.PleasenotethatdrivercredentialsforanyvehiclesthatareconvertedschoolbusesmusthaveS.
b)Valid(unexpired)USDepartmentofTransportationMedicalExaminer
Certification(“MedicalCard”).
ForDevelopersorcontractorsusingDistrictGovernment-OwnedVehicles:
AgenciesthatprovideDevelopersorcontractorswithDistrictGovernment-ownedorleasedmotorvehiclesareresponsibleforensuringthatsuchvehiclesareusedonlyfortheperformanceunderthisContract.Developeranditssubcontractorsareprohibitedfromusingsuchvehiclesforhome-to-worktransportationunlessspecificallyprovidedforunderthetermsofthecontractandapprovedinwritingbytheContractingOfficer,orotherwiseprovidedbylaw.DeveloperoritsContractorsshallobtainautomobileliability

V36 -07- 2025
insurancewithaminimumcombinedsinglelimitof$1,000,000tocoverbodilyinjuryandpropertydamagetoprotecttheDeveloperandtheGovernmentoftheDistrictofColumbiaagainstthird-partyclaimsarisingfromtheuseofDistrictGovernment-ownedvehicles.TheCommercialAutoLiabilityPolicyshallbeendorsedtoinclude:a)Tothefullestextentpermittedbylaw,provideadditionalinsuredcoveragetoTheGovernmentoftheDistrictofColumbia;b)Coverageavailabletotheadditionalinsuredsshallapplyonaprimaryandnon-contributingbasisasrespectsanyotherinsurance,deductibles,orselfinsuranceavailabletotheadditionalinsureds;and©)A waiverofsubrogationinfavorofTheGovernmentoftheDistrictofColumbia.Intheeventofloss,destruction,ordamagetoanygovernment-ownedvehiclesusedintheperformanceofcontact,DeveloperoritsContractorsshalllbeliableforfullcostofrepairorreplacementoflost,destroyed,ordamagedvehicle.

Workers’CompensationInsurance-TheDeveloperoritsContractorsshallprovide
evidencesatisfactorytotheCO ofWorkers’CompensationinsuranceinaccordancewiththestatutorymandatesoftheDistrictofColumbiaorthejurisdictioninwhichthe
contractisperformed.
Employer'sLiabilityInsurance-TheDeveloperoritsContractorsshallprovideevidence
satisfactorytotheCOof employer’sliabilityinsuranceasfollows:$500,000peraccidentforinjury;$500,000peremployeefordisease;and$500,000forpolicydiseaselimit.

‘TheWorkersCompensationandEmployersLiabilityshallbefurtherendorsedta)IncludeaWaiverofSubrogationinfavorofTheGovernmentoftheDistrictof
Columbia.b)Whereapplicable,includeUnitedStatesLongshoreandHarborWorkers
CompensationAct(USL&H)©)Whereapplicable,includeJonesActCoverageforseamenorcrewmemberson
an“ifany”basis.
4. Cyber (MediaLiabilityand Network Security/Privacy)LiabilityInsurancecoveringacts,
errors,omissions,andviolationofanyconsumerprotectionlawsarisingoutofDeveloper'soritsContractorsoperationsorserviceswithalimitof$2,000,000perclaimandintheaggregate.Suchcoverageshallincludebutnotbelimitedto,thirdpartyand
firstpartycoverageforlossordisclosureofanydata,includingpersonallyidentifiable
informationandpaymentcardinformation,networksecurity failure,violationofany
consumerprotectionlaws,unauthorizedaccessand/oruseorotherintrusions,infringementofanyintellectualpropertyrights(exceptpatent),negligenceorbreachofdutytousereasonablecare,breachofanydutyofconfidentiality,invasionofprivacy,orviolationsofanyotherlegalprotectionsforpersonalinformation,defamation,libel,slander,commercialdisparagement,negligenttransmissionofcomputervirus,oruseofcomputernetworksinconnectionwithdenialofserviceattacks.Suchcoverageshallincluderegulatorydefenseandfines/penaltiesinanyjurisdictionanywhereintheworld.Suchcoverageshallincludecontractualprivacycoveragefordatabreachresponseandcrisismanagement coststhatwould be incurredby Developer or itsContractorson behalf

V36-07-2025

ofTheGovernmentoftheDistrictofColumbiaintheeventofa databreachincludinglegalandforensicexpenses,notificationcosts,creditmonitoringcosts,andcoststooperateacallcenter.DeveloperoritsContractorsshallmaintaincoverageinforceduringthetermofthisAgreementandforanextendedreportingperiodofnotlessthantwo(2)
yearsafter.
ProfessionalLiabilityInsurance (Errors& Omissions) -The Developer or itsContractors
shallprovideProfessionalLiabilityInsurance(ErrorsandOmissions)tocoverliabilityresultingfromanyerrororomissionintheperformanceofprofessionalservicesunder
thisContract.The policyshallprovide limitsof $1,000,000 per claim or per occurrence
foreachwrongfulactand$2,000,000annualaggregate.TheDeveloperoritsContractors
warrantsthatanyapplicableretroactivedateprecedesthedatetheDeveloperorits
ContractorsfirstperformedanyprofessionalservicesfortheGovernmentoftheDistrictofColumbiaandthatcontinuouscoveragewillbemaintainedoranextendedreportingperiodwillbeexercisedforaperiodofatleasttenyearsafterthecompletionoftheprofessionalservices.Limitsmaynotbesharedwithotherlinesofcoverage.
CommercialUmbrellaorExcessLiability-TheDeveloperoritsContractorsshallprovide
evidence satisfactoryto the CO of commercial umbrella with minimum limitsof $5,000,000 per
occurrenceand$5,000,000intheannualaggregate.Coveragemustexcessofrequiredcommercial
generalliability,commercialautoliability,andemployers’liability.Theinsurancerequiredunderthisparagraphshallbewritteninaformthatannuallyreinstatesallrequiredlimits.Coverageshallbeprimarytoanyinsurance,self-insuranceorreinsurancemaintainedbyTheGovernmentoftheDistrictofColumbiaandthe“otherinsurance”provisionmustbeamendedinaccordancewiththisrequirementandprinciplesofverticalexhaustion.

CrimeInsurance(3rdPartyIndemnity)-TheDeveloperoritsContractorsshallprovidea
Crimepolicyincluding3" partyfidelitytocoverthedishonestactsofContractors,its
employeesand/orvolunteerswhichresultinalosstotheDistrict.TheGovernmentofthe
DistrictofColumbiashallbeincludedaslosspayee.Thepolicyshallprovidealimitof
$50,000peroccurrence.
EnvironmentalLiability/ContractorsPollutionLiabilityInsurance-TheDeveloperoritsContractors shallprovide evidence satisfactoryto the CO of environmental liability
insurancecoveringlossescausedbypollutionorotherhazardousconditionsarisingfromongoingorcompletedoperationsoftheDeveloperoritsContractors.Suchinsuranceshall
applytobodilyinjury,propertydamage(includinglossofuseofdamagedpropertyorofpropertythathasbeenphysicallyinjured),clean-upcosts,transitandnon-owneddisposalsites.Coverageshallextendtodefensecostsandexpensesincurredintheinvestigation,civilfines,penaltiesanddamagesorsettlements.Thereshallbeneitheranexclusionnorasublimitformoldorfungus-relatedclaims,legionella,asbestos,leadpaint,orsilica.Theminimum limitsrequiredunderthisparagraphshallbe$2,000,000peroccurrenceand$2,000,000intheannualaggregate.If suchcoverageiswrittenonaclaims-madebasis,
theDeveloperoritsContractorswarrantsthatanyretroactivedateapplicabletocoveragesunderthepolicyprecedestheDeveloperoritsContractors’performanceofanyworkundertheContractandthatcontinuouscompletedoperationscoveragewillbemaintainedforat

V36-07-2025
leastten(10)yearsoranextendedreportingperiodshallbepurchasedfornolessthanten(10)yearsaftercompletion.
‘TheDeveloperoritsContractorsalsomustfurnishtotheCOOwnercertificatesofinsuranceevidencingenvironmentalliabilityinsurancemaintainedbythirdpartytransportationanddisposalsiteoperators(s)usedbytheDeveloperforlossesarisingfromfacility(ies)accepting,storingordisposinghazardousmaterialsorotherwasteasaresultoftheDeveloperorcontractors’operations.Suchcoveragesmustbemaintainedwithlimitsofatleasttheamountssetforthabove

TheEnvironmentalLiabilitypolicyshallbefurtherendorsedtoincludeTheGovernmentoftheDistrictofColumbiaasanAdditionalInsured.
9 DeveloperoritsContractorsshallprovideaninstallationfloaterpolicywithalimitequaltothePropertyvaluesbeinginstalledaspartoftheproject.Thepolicyshallcoverpropertywhilelocatedattheprojectsite,attemporarylocations,orintransit;deductibleswillbethesoleresponsibilityoftheDeveloper.

allation-FloaterInsurance-Forprojectsnotinvolvingstructuralalterations,the

10.RiggersLiability~IfandtotheextentDeveloperoritsContractors’servicesorscopeofWorkcallfor,require,orinvolvethelifting,picking,riggingandsettingofothersproperty,materialsorequipment,DeveloperoritsContractorsshallprocure,maintainandpayforRiggersLiabilityInsurancetoinsureagainstphysicallossofordamageinamountssufficienttoinsurethefullmarketvalueand/orreplacementcostsoftheproperty,materialsorequipmentbeinglifted,withaminimumliabilitylimitof$5,000,000.Inadditiontoreplacinganyproperty,materialsorequipmentdamagedthroughDeveloperoritsContractors”workinvolvingthelifting,picking,riggingandorsetting,DevelopersoritsContractorsshallalsoberesponsibleforallconsequentiallossofuse,anddelaydamagesinvolvedinreplacingand/ orrepairingthedamagedproperty,materials,orequipment.Failuretocarryappropriateinsuranceand/orfailuretocarryadequatelimitsshallnotrelieveDeveloperoritsContractorsfromitsindemnityandcontractualobligationsherein.
ConstructionProjectsforDeveloperProvidedBuilder’sRisk
BuildersRisk—TheDeveloperoritsContractorsshallpurchaseandmaintainbuildersriskinsuranceat100%replacementcostupontheentireWorkatthesiteandportionsof
theWorkstoredoffthesitewiththeDeveloper'sapproval,andcontingenttransitcoverageforportionsoftheWorkintransit.Thisinsuranceshallincludetheinterestsof
theDistrict,theDeveloperandtheSubcontractorsintheWorkandshallinsureagainstallriskofphysicaldamagesubjecttostandardexclusions.Lossesnotcoveredbythe
Developer'sinsuranceshallbebornepursuanttotheprovisionsoftheContract.Thebuildersriskpolicywillhaveadeductibleofnotmorethan$25,000.Losseswithinthe
deductiblewillbepaidbytheDeveloperortheresponsibleSubcontractor.Ifnotcoveredunderthebuilder'sriskinsuranceorotherwiseprovidedintheContractDocuments,the
DevelopershalleffectandmaintainsimilarpropertyinsuranceonportionsoftheWork
storedoffthesiteorintransit

V36-07-2025
SUBCONTRACTOR INSURANCE REQUIREMENTS
AnyandallsubcontractorsengagedbyDeveloperforworkunderthisagreementshallberequiredtohavethesameinsuredrequiredofContractor.ShouldtheDeveloperwishto
proposedifferentinsurancerequirementsforthesubcontractorthantheonesoutlinedinthe Contract,then,priortocommencement of work by the subcontractor,the Developer
shallsubmitinwritingthenameandbriefdescriptionofworktobeperformedbythesubcontractortotheCO.TheCOwillpromptlyprovideinwritingtotheContractorwithadecisionregardingtheinsurancerequirementsapplicabletothesubcontractor.When
requestedbytheCO,theDevelopermustprovideproofofthesubcontractor'srequiredinsurancepriortocommencementofworkbythesubcontractor.
.PRIMARYAND NONCONTRIBUTORYINSURANCETheinsurancerequiredhereinshallbeprimarytoandwillnotseekcontributionfromanyotherinsurance,reinsuranceorself-insuranceincludinganydeductibleorretention,maintainedbytheGovernmentoftheDistrictofColumbia.
.DURATION.TheDevelopershallcarryallrequiredinsuranceuntilallcontractworkis
acceptedbyTheGovernmentoftheDistrictofColumbiaandshallcarrylistedcoveragesfortenyearsforconstructionprojectsfollowingfinalacceptanceoftheworkperformed
underthiscontractandtwoyearsfornon-constructionrelatedcontracts.
. LIABILITY.ThesearetherequiredminimuminsurancerequirementsestablishedbyTheGovernmentoftheDistrictofColumbia.However,itisunderstoodthatTheGovernmentoftheDistrictofColumbiadoesnotinanywayrepresentthattheinsurance
orthelimitsofinsurancespecifiedhereinaresufficientoradequatetoprotectyourinterestsorliabilitiesandwillnotinanywaylimittheDeveloper'sliabilityunderthis
contract.
.DEVELOPER’SPROPERTY.Developerandsubcontractorsaresolelyresponsiblefor
anylossordamagetotheirpersonalproperty,includingbutnotlimitedtotoolsand‘equipment,scaffolding,andtemporarystructures,rentedmachinery,orownedandleased
equipment.A waiverofsubrogationshallapplyinfavorofTheGovernmentofthe
DistrictofColumbia,

.MEASUREOFPAYMENT.TheGovernmentoftheDistrictofColumbiashallnotmakeanyseparatemeasureorpaymentforthecostofinsuranceandbonds.The
Developershallincludeallthecostsofinsuranceandbondsinthecontractprice.

NOTIFICATION.TheDevelopershallensurethatallpoliciesprovidethattheCOshallbegiventhirty(30)dayspriorwrittennoticeintheeventofcancellation,non-renewal,ormaterialchangestotheextentsuchcancellationormaterialchangesresultsinDevelopernolongcomplyingwiththeaboverequirements.TheDevelopershallprovidetheCOwithten(10)days’priorwrittennoticeintheeventofnon-paymentof premium.The
DeveloperwillalsoprovidetheCOwithanupdatedCertificateofInsuranceshoulditsinsurancecoveragesrenewduringthecontract.TheGovernmentoftheDistrictofColumbiamayreasonablychangetheaboveinsurancecoveragerequirementsduringthe

V36-07-2025
TermbygivingDeveloperatleast30days’noticeofthechange.Developermustcomply,atyourexpense,anddelivertotheCO evidenceofcompliancebeforethechangebecomeseffective.
CERTIFICATESOFINSURANCE.TheDevelopermustsendtoCO,atleast10daysafterexecutionofthisAgreement,certificatesofinsuranceevidencingtherequiredinsurancecoverageandendorsementsrequiredherein.Developermustalsoprovideuswithevidenceofrenewalbeforetheexpirationdateofeachinsurancepolicy.Developerisresponsibleforprovidinguswith30daysadvancedwrittennoticeifthecertificateofinsurancebytheinsurerhasbeencanceled,reducedincoverage,orotherwisealtered.Certificatesofinsurancemustreferencethecorrespondingcontractnumber.Evidenceofinsuranceshallbesubmittedto:

‘TheGovernmentoftheDistrictofColumbia
Andmailedtotheattentionof:BernardGuzman
1909MartinLutherKing,Jr.Avenue,SEWashington,DC 20020
(202)442-4482Bernard.Guzman@de.gov
‘TheCOmayrequest,andtheDevelopershallpromptlydeliverupdatedcertificatesofinsurance,endorsementsindicatingtherequiredcoverages,and/orcertifiedcopiesoftheinsurancepolicies.IftheinsuranceinitiallyobtainedbytheDeveloperexpirespriortocompletionofthecontract,renewalcertificatesofinsuranceandadditionalinsuredandotherendorsementsshallbefurnishedtotheCOpriortothedateofexpirationofallsuchinitialinsurance.Forallcoveragerequiredtobemaintainedaftercompletion,anadditionalcertificateofinsuranceevidencingsuchcoverageshallbesubmittedtotheCOonanannualbasisasthecoverageisrenewed(orreplaced).
.DISCLOSUREOFINFORMATION.TheDeveloperagreesthatTheGovernmentofthe
DistrictofColumbiamaydisclosethenameandcontactinformationofitsinsurerstoanythirdpartywhichpresentsaclaimagainstTheGovernmentoftheDistrictofColumbia
foranydamagesorclaimsresultingfromorarisingoutofworkperformedbytheDeveloper,itsagents,employees,servantsorsubcontractorsintheperformanceofthis,
contract.
.CARRIERRATINGS.AllDeveloper’sanditssubcontractors’insurancerequiredinconnectionwiththiscontractshallbewrittenbyinsurancecompanieswithanA.M.BestInsuranceGuideratingofatleastA-VIIorbetter(ortheequivalentbyanyotherrating.agency)andlicensedintheDistrictofColumbia.
|.WARRANTIES.Whenapplicable,theDevelopershouldbenamedasanadditionalinsuredontheapplicablemanufacturer’s/distributer’sCommercialGeneralLiabilitypolicyusingInsuranceServicesOffice,Inc.(“ISO”)formCG20150413(oranother

V36-07-2025
occurrence-basedformwithcoverageatleastasbroad).CO shouldcollect,reviewfor
accuracy,andmaintainallwarrantiesforgoodsandservices.
V36 -07-2025
EXHIBIT]CERTIFICATION OF BORROWER'S REPRESENTATIONS AND WARRANTIES
[Attached]
DMFIRM#41903568v25 Jl
CERTIFICATION OF BORROWER'S REPRESENTATIONS AND WARRANTIES
Certificationof Borrower’s Representationsand Warranties
Borrower herebycertifiestoLenderthat:
(@) Theamountsrequestedweremade,incurredorfinancedandwerenecessaryfortheProjectandweremadeorincurredinaccordancewiththeConstructionDrawScheduleheretoforeineffectorpursuanttoaChangeOrderthathasbeenapprovedinaccordancewiththeLoanAgreement.
(b) Theamountsrequestedarenotgreaterthanthosenecessarytomeetobligationsdue
and payableor toreimbursetheBorrower foritsfundsactuallyadvancedforcostsof theProject,
if applicable.
(©) No amountforwhichdisbursementissoughtformedthebasisforanyprior
disbursementandnodisbursementissoughtforanyitemsrepresentingpaymentonaccountofany
percentageentitledtoberetainedatthedateofthisPaymentRequest.
(@ TheamountsremainingtobedisbursedpriortotheFinalDisbursementfromthe
Loan,theSeniorLoan,SubordinateLoan,taxcreditequity,andallothersourcesshownininthe
ProjectBudget,willbesufficienttopaythecostsofcompletingtheProjectasandwhendueand
payable.
(©) BorroweracknowledgesthatexceptasexpresslysetforthintheLoanAgreement,
nopartyshallhaveanydutyorobligationtoverifythevalidity,sufficiencyorgenuinenessofany
documentsubmittedorconfirmorestablishtheauthorityoridentityofthepersonsendingthis
request,andmayrelyuponthevalidityofanydocumentandtheauthorityandidentityofanysuch
personifLendercomplieswiththeapplicableloanagreement.Lendershallnotberesponsiblefor
errorsoromissionsmadebytheBorrowerortheduplicationofanycommunicationbythe
Borrowerandmayactonanycommunicationbyreferencetoanaccountnumberonly,evenifan
accountnameisprovided,Borrowershallbenotifiedifcommunicationisnotacteduponforany
reason.
(There isnocurrentorexistingEventofDefaultpursuanttothetermsofanyofthe
LoanDocuments,andtoBorrower'sknowledgenoeventexistswhichbynoticeorpassageoftime
orbothwouldconstituteanEventofDefaultunderanyoftheforegoingdocuments.
(@) No representationorwarrantyoftheBorrowercontainedinanyoftheLoan
Documentsisincorrectorinaccurateinanymaterialrespect.
(h) ExceptforPermittedEncumbrances(asdefinedintheDeedofTrust)andthose
otherwisepermittedorprovidedforbytheLoanDocuments,therehasbeennonoticereceived(i)
ofanylien,righttolienorattachmentupon,orclaimaffectingtherightofthepayeetoreceive
paymentof,anyofthemoneyspayableundersuchPaymentRequesttoanyofthepersons,firms
orcorporationsnamedtherein,and(ii)thatanymaterials,suppliesorequipmentcoveredbysuch
PaymentRequestaresubjecttoanylienorsecurityinterest,orifanynoticeofanysuchlien,
attachment,claimorsecurityinteresthasbeenreceived,suchlien,attachment,claimorsecurity
interesthasbeenreleased,discharged,insuredorbondedoverorwillbereleased,discharged,
insuredorbondedoveruponpaymentofthisPaymentRequest.
(i) AlllconditionsprecedentfordisbursementssetforthinSection4.5andforFinal
DisbursementinSection4.7aresatisfied,includingwithoutlimitationdeliverytoLenderofany
waiversandlienreleasesrequiredbySection4.5.6oftheLoanAgreement.

@ Thisstatementand allexhibitshereto,shallbe conclusiveevidenceofthe factsand
statementssetforthhereinand shallconstitutefullwarrant,protectionand authoritytoLender for
itsactionstakenpursuanthereto.
(k) AttachedtothisPaymentRequestarecopiesofinvoicesorbillsofsalecoveringall
itemsforwhichpaymentisbeingrequested.
() AllcapitalizedtermsthatarenotdefinedwithinthisCertificationshallhavethe
‘meaningsetforthintheLoanAgreement
[signaturepagefollows]
[SignaturepagetoCertificationofBorrower'sRepresentationsandWarranties]
BORROWER:
CLARA ON MARTIN LUTHER KING,JR.AVENUE ,(THE)LLC,
aDistrictofColymbfalimitedlabilitycompany
By: —
OmarA.Karim,AuthorizedSignatory
Date:_Novmas._10,202.5
EXHIBITJ
FORM OF FINAL LOAN
REDUCTION CERTIFICATE
[Attached]
DMFIRM#41903568v25 J22
Proposed Contract with Clara on Martin Luther King, Jr Avenue LLC to Contract No. 2026-04

Plain English Breakdown

Proposed Contract with Clara on Martin Luther King, Jr Avenue LLC

What This Bill Does

Who It Names or Affects

Terms To Know

Limits and Unknowns

Bill History

Official Summary Text

Current Bill Text
