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<br />EXHIBIT C <br /> <br />SCHEDULE FOR COMMITTING RENTAL REHABILITATION FUNDS <br /> <br />Contractor shall have rental rehabilitation funds received under this contract <br />committed to specific local projects in accordance with the timetable set out <br />below. "Commit to specific local projects" means a legally binding agreement <br />between Contractor and an Owner under which the Contractor agrees to provide <br />rental rehabilitation funds to the Owner for an identifiable rehabilitation <br />project that can reasonably be expected to start construction within 90 days <br />after the commencement date of the agreement and the Owner agrees to start <br />construction within that period. Upon written request by Contractor, <br />Department may, at its sole option and in its sole discretion, alter and amend <br />the schedule for committing rental rehabilitation funds by written letter of <br />notification. This notification procedure shall be an exception to Section 16 <br />of this contract requiring all amendments to be in writing and executed by <br />both parties thereto. <br /> <br />1 st Quarter 2nd Quarter 3rd Quarter 4th Quarter <br />FFY 1987 FFY 1987 FFY 1987 FFY 1987 <br />January-March April-June July-September October-December <br />$-0- $43,750.00 $87,500.00 $116,667.00 <br /> <br />1st Quarter 2nd Quarter 3rd Quarter 4th Quarter <br />FFY 1988 FFY 1988 FFY 1988 FFY 1988 <br />January-March April-June July-September October-December <br />$145,834.00 $17 5 , 000 . 00 $204,168.00 $233,335.00 <br /> <br />1st Quarter 2nd Quarter 3rd Qua rter 4th Quarter <br />FFY 1989 FFY 1989 FFY 1989 FFY 1989 <br />January-March April-June July-September October-December <br />$250,000.00 $-0- $-0- $-0- <br /> <br />PAGE 1 OF 1 <br />