• Name of Partner / Subrecipient: Puerto Rico Housing Finance Authority
  • Program / Division: Homebuyer Assistance Program
  • DUNS No.: 090591801
  • Execution Date: 07/02/2020
  • End Date: 02/01/2023
  • Total Amount: $156,192,628.00
  • Brief Description: Homebuyer Assistance Program: The focus of the Program is to increase homeownership rates for income-eligible households that will support long-term economic viability of communities impacted by Hurricanes Irma and Maria across the Island. Through the provision of financial assistance to cover closing costs and down payment assistance/ the Program lowers the home acquisition and carrying costs.

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AMENDMENTS

  • Execution Date: 12/20/2023
  • End Date: 07/01/2025
  • Total Amount: $190,000,000.00   
  • CDBG-DR Funds: $190,000,000.00   
  • Brief Description: In this Amendment H, the parties agree to replace Exhibit A, Exhibit B, Exhibit C, and Exhibit D to align operating needs and staffing levels with the actual operating needs of the HBA Program to reflect the increase in the budget. The total SRA budget will be increased by $190,000,000.00. Therefore, the total budget for the SRA is $670,536,536.00.

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  • Execution Date: 03/24/2023
  • End Date: 07/01/2025
  • Total Amount: $195,000,000.00
  • CDBG-DR Funds: $195,000,000.00
  • Brief Description: This amendment G serves the purpose of modifying and amending certain terms and conditions, including an increase of the budget of the Agreement.

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  • Execution Date: 02/15/2023
  • End Date: 07/01/2025
  • Total Amount: $42,819,648.00
  • CDBG-DR Funds: $42,819,648.00
  • Brief Description: This amendment F serves the purpose of modifying and amending certain terms and conditions, including an increase of the budget and time extension of the Agreement.

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  • Execution Date: 01/20/2023
  • End Date: 07/01/2023
  • Total Amount: N/A
  • CDBG-DR Funds: N/A
  • Brief Description: The parties agree that Exhibit E (Funds Certification), will no longer be a part of the Agreement. Therefore, the breakdown of funds included in Exhibit E (Funds Certification) will be left without effect. As a consequence of the removal of Exhibit E (Funds Certification), Exhibit E, Exhibit F, Exhibit G, and Exhibit H were renamed and Section II, Attachments, is being modified. Additionally, Exhibit D (Budget), Section 1, will be amended.

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  • Execution Date: 10/07/2022
  • End Date: 07/01/2023
  • Total Amount: N/A
  • CDBG-DR Funds: N/A
  • Brief Description: This amendment D serves the purpose of redistribute the funds. The budget will remains the same.

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  • Execution Date: 11/18/2021
  • End Date: 07/01/2023
  • Total Amount: N/A
  • CDBG-DR Funds: N/A
  • Brief Description: This amendment is intended to modify and amend certain terms and conditions of the SUB-RECIPIENT AGREEMENT, specifically Exhibit D (Budget).

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  • Execution Date: 10/14/2021
  • End Date: 07/01/2023
  • Total Amount: $86,524,260.00
  • CDBG-DR Funds: $86,524,260.00
  • Brief Description: This amendment is to increase budget.

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  • Execution Date: 06/04/2021
  • End Date: 07/01/2023
  • Total Amount: N/A
  • CDBG-DR Funds: N/A
  • Brief Description: It is the intention of the parties a modification and amendment of certain terms and conditions under the Agreement, including any modified Exhibits.

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SUBCONTRACTORS

  • Muñoz Valencia, LLC: The landlord Muñoz Valencia, LLC will lease a commercial property located at Lot 1 Valencia Park, Guaynabo, Puerto Rico, to the Puerto Rico Housing Finance Authority (tenant), under the Homebuyer Assistance Program with CDBR-DR funds. The term of the contract begins on September 1, 2023, until June 30, 2025 (23 months). The lease amount will be $12,000.00 dollars per month including a $32,404.88 payment for security deposit and for a full contract value of $492,604.81. Unique Entity ID: VCTVAMJT9R64.