HOME Program Requirements Sample Clauses
The HOME Program Requirements clause outlines the specific rules and standards that must be followed when participating in the HOME Investment Partnerships Program. It typically details eligibility criteria, allowable uses of funds, compliance obligations, and reporting procedures for recipients of HOME funds. For example, it may require that housing projects meet affordability standards or that recipients maintain certain records for audit purposes. The core function of this clause is to ensure that all parties adhere to federal guidelines, thereby promoting accountability and proper use of program resources.
HOME Program Requirements. The City Loan will be provided through funds provided to the City from the HOME Investment Partnership Act, 42 U.S.C. § 12701, et seq., as it now exists and as it may hereafter be amended, pursuant to the implementing regulations set forth at 24 CFR 92, as they now exist and as they may hereafter be amended (the “HOME Program”). Accordingly, the Developer shall comply with all applicable requirements of the HOME Program, as it now exists or may hereafter be amended. Specifically, without limitation, as applicable, the Rehabilitation shall comply with the Contract Work Hours and Safety Standards Act (40 U.S.C. §327a - 332) and other federal laws and regulations pertaining to labor standards. Upon request, the City shall provide to the Developer a copy of applicable HOME Program requirements.
HOME Program Requirements a. Developer shall administer this Agreement in compliance with 24 CFR Part 92, which is incorporated by reference, including, but not limited to the following:
HOME Program Requirements. The County and Owner shall at all times comply with all HOME program requirements. Many of the provisions of this Agreement are required by the HOME Program. Owner acknowledges notice that the federal regulations containing the requirements can be found in the following:
HOME Program Requirements. Developer shall comply with HOME Project requirements in 24 CFR Part 92, Subpart F in accordance with the type of Home Project.
HOME Program Requirements. The CONTRACTOR agrees to comply with, and uphold as its responsibility, the HOME Program regulations found in 24 CFR Part 92, et al. The CONTRACTOR is required to follow specific sections of the HOME Program regulations to ensure compliance, except 24 CFR Part 92.352 - Environmental Review.
HOME Program Requirements. Because the County Loan to the Borrower will be provided through HOME Program funds, the Borrower shall carry out the acquisition, rehabilitation, and operation of the Project in conformity with all requirements of the HOME Program such as, but not limited to:
HOME Program Requirements. Developer acknowledges that the Site has been acquired, in part, with funds from the HOME Program, including without limitation, HOME Investment Partnership Act, 42 U.S.C. §12701, et seq., as it now exists and as it may hereafter be amended, pursuant to the implementing regulations set forth at 24 CFR 92, as they now exist and as they may hereafter be amended. Accordingly, Developer shall comply with all applicable requirements of the HOME Program, as it now exists or may hereafter be amended. Specifically, without limitation, as applicable, each construction contract must contain a provision requiring the payment of prevailing wages, as determined by the Secretary of Labor pursuant to the ▇▇▇▇▇-▇▇▇▇▇ Act, to all laborers and mechanics employed in the development of any part of the Project, as provided in Section 92.354 of the HOME Regulations. The development of the Project shall also comply with the Contract Work Hours and Safety Standards Act (40 U.S.C. §327a - 332) and other federal laws and regulations pertaining to labor standards. Upon request, Housing Authority shall provide to Developer a copy of applicable HOME Program requirements. Housing Authority and Developer each covenant hereunder to comply with all applicable HOME Regulations in the performance of this Agreement. In implementation of these Federal Program Limitations, this Agreement, the Project, and all eligible contributions and expenditures hereunder shall conform to the following:
HOME Program Requirements. The property must be rented to a household meeting the HOME Income criteria as shown below and the rent charged for the unit cannot exceed the lesser of (1) the Section 8 Fair Market Rents (FMRs), as established by HUD under 24 CFR Part 888, for existing housing minus tenant paid utilities, or (2) 30% of annual income for households at the HOME income limit for San Mateo County, adjusted for family size, less tenant paid utilities. The current HOME Rent for a 3-bedroom unit is $1,764/month. If tenant is paying any utilities, a "utility allowance" must be deducted from the this rent figure. This allowance is calculated by HUD under 24 CFR Part 880 - 886 and may be obtained by contacting the San Mateo County Housing Authority. Fam. Size 1 2 3 4 5 6 Income $47,520 $54,300 $61,080 $67,860 $73,260 $84,120
HOME Program Requirements