ADDITIONAL ENFORCEMENT ACTIONS. If HUD determines that the remedial actions taken by HUD under paragraph (c) of this Section have not been effective in curing the Default, or if the Owner has not complied with the requirements imposed by HUD under paragraph (c) and has not otherwise cured the Default, or if HUD exercises its discretion under subparagraph (b)(ii) of this Article to institute any of the following actions, HUD may take any of the following remedial or enforcement actions (in addition to any of the remedies permitted under paragraph (c) of this Section upon written notice to the Owner): reduce the GRRP Grant in the amount affected by the Default; terminate the GRRP Grant as to all further activities and initiate closeout procedures; recapture any GRRP Grant funds not disbursed to the Owner; take action against the Grantee under 2 CFR Part 2424 and Executive Order 12549 with respect to future HUD or Federal grant awards; and take any other available legal or equitable remedial action, including, but not limited to, pursuing specific performance for the completion of the GRRP Grant activities. Delinquent Federal Debts. Consistent with the purposes and intent of 31 U.S.C. § 3720B and 28 U.S.C. § 3201(e), Owners with an outstanding federal debt must provide to HUD a negotiated repayment schedule which is not delinquent or have made other arrangements satisfactory to HUD. Owners must report to HUD changes in status of current agreements covering federal debt. If a previously agreed-upon payment schedule has not been adhered to or a new agreement with the federal agency to which the debt is owed has not been signed, the Owners will be considered to be in breach under this Agreement.
Appears in 1 contract
Sources: Green and Resilient Retrofit Program Grant Agreement
ADDITIONAL ENFORCEMENT ACTIONS. If HUD determines that the remedial actions taken by HUD under paragraph (c) of this Section have not been effective in curing the Default, or if the Owner has not complied with the requirements imposed by HUD under paragraph (c) and has not otherwise cured the Default, or if HUD exercises its discretion under subparagraph (b)(ii) of this Article to institute any of the following actions, HUD may take any of the following remedial or enforcement actions (in addition to any of the remedies permitted under paragraph (c) of this Section upon written notice to the Owner): reduce the GRRP Grant in the amount affected by the Default; terminate the GRRP Grant as to all further activities and initiate closeout procedures; recapture any GRRP Grant funds not disbursed to the Owner; take action against the Grantee under 2 CFR Part 2424 and Executive Order 12549 with respect to future HUD or Federal grant awards; and take any other available legal or equitable remedial action, including, but not limited to, pursuing specific performance for the completion of the GRRP Grant activities. Delinquent Federal Debts. Consistent with the purposes and intent of 31 U.S.C. § 3720B and 28 U.S.C. § 3201(e), Owners with an outstanding federal debt must provide to HUD a negotiated repayment schedule which is not delinquent or have made other arrangements satisfactory to HUD. Owners must report to HUD changes in status of current agreements covering federal debt. If a previously agreed-upon payment schedule has not been adhered to or a new agreement with the federal agency to which the debt is owed has not been signed, the Owners will be considered to be in breach under this Agreement.. Rights of the First Mortgage Lender or Investor. HUD will not seek to recover GRRP Grant funds from the Owner under this Section 12 until HUD has given notice to the First Mortgage Lender and/or Investor at the addresses listed below and allowed the First Mortgage Lender and Investor a period of thirty (30) days to cure the Default. If such Default cannot be cured within thirty (30) days then HUD may extend the cure period in writing so long as the First Mortgage Lender or Investor has notified HUD that it intends to cure the Default. Notice Addresses: _____________________________ _____________________________ _____________________________ _____________________________
Appears in 1 contract
Sources: Green and Resilient Retrofit Program Grant Agreement
ADDITIONAL ENFORCEMENT ACTIONS. If HUD determines that the remedial actions taken by HUD under paragraph (c) of this Section have not been effective in curing the Default, or if the Owner has not complied with the requirements imposed by HUD under paragraph (c) and has not otherwise cured the Default, or if HUD exercises its discretion under subparagraph (b)(ii) of this Article to institute any of the following actions, HUD may take any of the following remedial or enforcement actions (in addition to any of the remedies permitted under paragraph (c) of this Section upon written notice to the Owner): reduce the GRRP Grant in the amount affected by the Default; terminate the GRRP Grant as to all further activities and initiate closeout procedures; recapture any GRRP Grant funds not disbursed to the Owner; take action against the Grantee under 2 CFR Part 2424 and Executive Order 12549 with respect to future HUD or Federal grant awards; and take any other available legal or equitable remedial action, including, but not limited to, pursuing specific performance for the completion of the GRRP Grant activities. Delinquent Federal Debts. Consistent with the purposes and intent of 31 U.S.C. § 3720B and 28 U.S.C. § 3201(e), Owners with an outstanding federal debt must provide to HUD a negotiated repayment schedule which is not delinquent or have made other arrangements satisfactory to HUD. Owners must report to HUD changes in status of current agreements covering federal debt. If a previously agreed-upon payment schedule has not been adhered to or a new agreement with the federal agency to which the debt is owed has not been signed, the Owners will be considered to be in breach under this Agreement.. Rights of the First Mortgage Lender or Investor. HUD will not seek to recover GRRP Grant funds from the Owner under this Section 12 until HUD has given notice to the First Mortgage Lender and/or Investor at the addresses listed below and allowed the First Mortgage Lender and Investor a period of thirty (30) days to cure the Default. If such Default cannot be cured within thirty (30) days then HUD may extend the cure period in writing so long as the First Mortgage Lender or Investor has notified HUD that it intends to cure the Default. Notice Addresses: ______________________________ ______________________________ ______________________________ ______________________________
Appears in 1 contract
Sources: Green and Resilient Retrofit Program Grant Agreement