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MINNESOTA HOUSING FINANCE AGENCY <br />GRANT CONTRACT AGREEMENT <br />This Grant Contract Agreement is between the Minnesota Housing Finance Agency ("MHFA') and [GIVE THE <br />FULL NAME OF THE GRANTEE INCLUDING ITS ADDRESS] (the "Grantee"). <br />Recitals <br />1. Under Minn. Stat. §462A.' . MHFA is empowered to enter into this Grant Contract Agreement. <br />2. MHFA is in need of the development of rental housing to serve the employees of local businesses <br />("Workforce Housing") in [COUNTY], City of [CITY] pursuant to MHFA's Workforce Housing <br />Development Program (the "Program"). <br />3. The Grantee represents that it is duly qualified and agrees to perform all services described in this Grant <br />Contract Agreement to the satisfaction of MHFA. Pursuant to Minn. Stat.,§16B.98, Subd. 1, the Grantee <br />agrees to minimize administrative costs as a condition of this Grant Contract Agreement. <br />Grant Contract Agreement <br />Term of Grant Contract Agreement <br />1.1 Effective date: <br />[SPELL OUT FULL DATE (e.g., July 1, 2020)], Per Minn. Stat.§ 16B.98, Subd. 5, the Grantee must not <br />begin work until this Grant Contract Agreement is fully executed and MHFA's Authorized <br />Representative has notified the Grantee that work may commence. Per Minn.Stat.§ 16B.98 Subd. 7, no <br />payments will be made to the Grantee until this Grant Contract Agreement is fully executed. <br />1.2 Expiration date: <br />[SPELL OUT FULL DATE (e.g., August 1, 2016)], or until all obligations have been satisfactorily <br />fulfilled, whichever occurs first. <br />1.3 Survival of Terms. <br />The following clauses survive the expiration or cancellation of this Grant -Contract Agreement: 8. <br />Liability; 9. State Audits; 10. Government Data Practices and Intellectual Property; 12. Publicity and <br />Endorsement; 13. Governing Law, Jurisdiction, and Venue; and 15 Data Disclosure. <br />2 Duties and Contracts <br />Grantee's Duties <br />The Grantee, who is not a state employee, will: <br />Comply with required grants management policies and procedures set forth through Minn. Stat.§ 16B.97, <br />Subd. 4 (a) (1) and review the State of Minnesota Office of Grants Management policy 08-01, (Conflict <br />of Interest for State Grant -Making). If the Grantee has knowledge or becomes aware of any actual, <br />potential, perceived, or organizational conflicts of interest with respect to the Grant Contract Agreement, <br />the Grantee shall immediately disclose the conflict of interest directly to MHFA. <br />The Grantee has made application to MHFA for the purpose of administering a Workforce Housing <br />Development Program Project in the manner described in Grantee's Application (the "Project") which is <br />incorporated into this Grant Contract Agreement by reference. <br />The Grantee, who is not a state employee, is awarded funds to provide financial assistance to address the <br />need for Workforce Housing. The Project includes: [INSERT BRIEF DESCRIPTION OF PROJECT <br />INLCUDING TYPE (NEW CONSTRUCTION/ADA - -- - ---_- -- <br />- - -- - -- -- -- -- - - <br />UNITS]. <br />October 2021 Workforce Housing Development Program Competitive Grant Agreement <br />