Example: Cost baseline example is the purchase price of the Lot and Home built totaling $220,000, receiving $20,000 down payment assistance. Home is sold in the 3rd year of restriction for $270,000, with an additional $10,000 in home improvements, and $10,000 in closing costs. Net Profit= $270,000-$240,000 = $30,000. In the third year of restriction the declining restriction remaining is two years or 40% of $20,000 grant assistance amount= $8,000. A grant refund of $8,000 payable to City from the $30,000 Net Profits with the deed restriction lifted upon closing. Grant refund does not exceed 50% of net profit ($15,000) therefore no limit is applied, and if home was sold for a net loss no refund is required.