HOME Funds definition

HOME Funds has the meaning set forth in Paragraph B of the Recitals.

HOME Funds means Home Investment Partnerships Act funds provided from HUD to the County pursuant to the Xxxxxxxx-Xxxxxxxx National Housing Act of 1990, which must be used in accordance with 24 C.F.R. Part 92.

HOME Funds. HOME funds are available to the City pursuant to HOME Investment Partnership Agreement between the City and the U.S. Department of Housing and Urban Development.

Examples of HOME Funds in a sentence

• A default under this Agreement, in the discretion of the Consortium, may be considered a default of any other Agreement between the Grantee and Consortium for any HOME Funds program.

• Under no circumstance can an application or reservation for combined Housing Credits and HOME Funds be decoupled in order to circumvent the more restrictive requirement(s) as determined by AHFA.

• For example, if a project has requested or received a reservation of Housing Credits combined with a commitment of HOME Funds and the project fails to satisfy requirements for either the Housing Credits or the HOME Funds, then both the reservation of Housing Credits and the commitment of HOME Funds may be terminated.

• AHFA will require an applicant to provide a deposit in order to ensure that AHFA’s expenses in connection with any remediation will be paid on a timely basis.For a project that receives an award of HOME Funds, AHFA will notify the applicant if the Phase I ESA Report must be updated in order to satisfy the AAI and ASTM Section 4.6 requirements (requiring certain components of the Phase I ESA to be conducted or updated within 180 days).

• If a tie(s) still remains, priority will be given to the application that has applied for HOME Funds.

More Definitions of HOME Funds

HOME Funds means funds derived from the federal grants to the City of Charlotte under HOME, including program income as defined in HUD regulations for HOME.

HOME Funds means those federal funds made available under the HOME Program.

HOME Funds the total amount of HOME Program dollars being distributed by the Lead Agency to the Subrecipient under this Agreement.

HOME Funds means all appropriations for the HOME Program, plus all repayments and interest or other returns on the investment of these funds.

HOME Funds. The funding made available under the HOME Investment Partnerships Program, plus all repayments and interest or other return on the investment of these funds.

HOME Funds has the meaning set forth in Paragraph B of the

HOME Funds has the meaning set forth in Paragraph B of the Recitals. (kk) "HOME Term" means the period beginning on the date of this Agreement and ending on the twentieth (20th) anniversary of the Completion Date.