Proyecto Azteca is contractually obligated to produce five (5) units that will be sold to qualified homebuyers. Currently, three (3) units have been successfully completed and two (2) other units are under construction. Unfortunately, there is a drainage issue on one of the properties that has not allowed for the placement of the newly constructed home. Proyecto Azteca has been in contact with Hidalgo County Drainage District No 1 Director, Mr. Raul Sesin, who advised against placing a housing unit on the particular property. The CHDO is assisting the family in locating another lot and has also hired a real estate agent for assistance. The CHDO has requested an extension to complete the sale of the units under this contract. The UCP is recommending an additional six (6) month extension for the completion and final loan closing for these pending units.

CHDO Name	Fiscal Year	Amount	Contract Date	Contract Exp.	New Contract Exp.
Proyecto Azteca	2008 and 2012	$ 297,429.90	June 17, 2014	August 31, 2015	February 29, 2016