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Exhibit A4 Page 10 Agreement between the City of Mounds View and Center for Energy and Environment DOCSOPEN\MU205\13\821952.v1-9/8/22 The intent of the Mounds View Emergency Repair Deferred Loan Program is to provide assistance to property owners in the City of Mounds View who face emergency home repairs and cannot qualify for other housing related programs to remedy the situation. Interest Rate: 0% Loan Amount: Minimum loan is $1,000. Maximum loan is $5,000 within any time period. Loan term: Loan will be deferred until the borrower sells or transfers title of the property, at which time 100% of the loan is due. Eligible Properties: Owner-occupied properties with up to 4 dwelling units located within the boundaries of the City of Mounds View. Condominiums, mobile homes and townhomes are eligible. Ineligible Properties: Dwellings that are more than 4 units (these would be considered apartment and hence commercial properties), cooperatives, time shares, and properties used for commercial purposes. Eligible Borrowers: Owners of 1-4 unit properties within the City of Mounds View who meet the program guideline criteria. The borrower must not be eligible for any other financing administered by CEE in order to obtain an Emergency Program loan. Ineligible Borrowers: Include but are not limited to: nonresident owners, non-occupant co-borrowers, properties held in the name of a business. Ownership / Occupancy: Only owner-occupied. Contract for Deeds are eligible. Loan- to-Value Ratio: Not applicable Income Limit: Household income must be less than 80% of HUD Area Median Income based on projected income over the next year. Debt- to-Income Ratio: Not applicable Multiple Loans per Property/Borrower: Multiple emergency loans on a property are allowed if the balance is within the overall maximum loan limit. Eligible Improvements: An emergency is defined as an imminent condition that makes a house uninhabitable, dangerous to the occupants, or is capable of causing severe health problems. Repairs that will remedy such emergency repairs are eligible. Examples of eligible repairs include, but are not limited to, water lines, sewer service, fire hazards, repair to exterior steps, railings, retaining walls, water seepage into basement, structural problems, or replacement of a furnace or hot water heater. Repairs that remedy code violations and those needed to address home repairs before they significantly de-value the home and become much more serious problems, are also eligible whether or not the city has issued a code violation. Examples of eligible repairs include, but are not limited to, leakage around windows, rotting fascia, holes in siding, roof leakage, crumbling brick or concrete and deteriorated retaining walls. CEE will determine eligibility of projects.