HOME Requirements Sample Clauses

HOME Requirements. (a) Borrower shall comply with all applicable laws and regulations governing the use of the HOME Funds as set forth in 24 C.F.R. Part 92. In the event of any conflict between this HOME Regulatory Agreement and applicable laws and regulations governing the use of the Combined County Loan funds, the applicable laws and regulations govern.
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HOME Requirements. The Borrower shall carry out the design, construction and operation of the Project, and operate the Program, in conformity with all applicable laws, regulations, and rules of governmental agencies having jurisdiction, including without limitation, the HOME Requirements and the legal requirements set forth in Attachment No. [X] attached to this Agreement and the statutes referenced therein. For purposes of this paragraph, “HOME Requirements” mean the requirements of the HOME Investment Partnership Act, as amended (42 U.S.C. § 12741, et seq.), and the implementing regulations (24 C.F.R. § 92, et seq.), and the legal requirements summarized or referenced in Attachment No. [X] attached hereto and incorporated herein by this reference. [Intentionally Omitted if inapplicable.]
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HOME Requirements. 4.1 All HOME assisted units in the Project must meet the following requirements as outlined in Subpart F of the HOME regulations (24 C.F.R. Parts 91 and 92). Maximum per unit subsidy & subsidy layers - Section 92.250 Greccio further agrees to comply with the maximum per unit subsidy amount and subsidy layer requirements. It is understood between the parties that the maximum allowable HOME per unit subsidy limit is $63,012 for an efficiency, $72,230 for a one bedroom, $87,832 for a two bedroom and $113,624 for a three bedroom unit. The total costs involved for acquisition of the HOME- assisted units in this Project does not exceed the maximum allowable per-unit HOME subsidy. Property Standards - Section 92.251 & Lead Based Paint - 92.355 Greccio will ensure that the new construction meets all the Property standards for new construction as listed in Section 92.251, and the lead based paint requirements in Section 92.355 upon Project completion. Lead based paint will not be used in this Project. As owner of the Property Greccio must maintain the rental housing in compliance with Section 92.251 for the duration of the Affordability Period. Greccio will insure that the Property is maintained in compliance with applicable Housing Quality Standards and local housing and health code requirements for the length of the loan.
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HOME Requirements. 4.1 This Project must qualify as affordable housing under the Home Investment Partnerships Program, 24 CFR Parts 92.218, 92.219, 92.220, 92.221. Specifically, the following criteria apply: • Income targeting as defined at 24 CFR Parts 92.217 • Income determinations as defined at 24 CFR Parts 92.203. • Match requirements as defined at 24 CFR Parts 92.218, 219, 220, 221, 222 • Property standards as defined at 24 CFR Parts 92.251 • Single-family housing limitation defined at 24 CFR Parts 92.254(a)(1) • Purchase-price limitation defined at 24 CFR Parts 92.254(a)(2) • Project occupancy requirements defined at 24 CFR parts 92.254(a)(3) • Period of Affordability defined at 24 CFR Parts 92.254(a)(4) • The Period of Affordability for the home will be five (5) years based on the HOME per unit investment of $10,000.00. The Period of Affordability will begin after the Property is sold to RMCLT and to the Homebuyer. The loan affordability period will begin after the HOME affordability period ends and will continue until the loan is paid in full. • Resale/recapture provisions defined at 24 CFR Parts 92.254(a)(5) The above listed federal requirements can be accessed through HUD's web site: xxx.xxx.xxx/xxx/xxxx/xxxxxxx.xxxx.
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HOME Requirements. A new Attachment No. 18 shall be added to the OPA entitled HOME Requirements. The form of the new Attachment 18 is attached to this Second Implementation Agreement as Attachment 4. As a result of the HOME funding for the Subarea A Improvements, the Developer shall comply with and shall cause its contractors and all subcontractors to comply with the requirements of the Xxxxx-Xxxxx Act (40 U.S.C. 276 et seq.) in the construction of the Subarea A Improvements.
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HOME Requirements 
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Related to HOME Requirements

  • Overtime requirements No contractor or subcontractor contracting for any part of the contract work which may require or involve the employment of laborers or mechanics shall require or permit any such laborer or mechanic in any workweek in which he or she is employed on such work to work in excess of forty hours in such workweek unless such laborer or mechanic receives compensation at a rate not less than one and one-half times the basic rate of pay for all hours worked in excess of forty hours in such workweek.

  • Basic Requirements To be eligible for PayPal’s Seller Protection program, all of the following basic requirements must be met, as well as any applicable additional requirements: • The primary address for your PayPal account must be in the United States. • The item must be a physical, tangible good that can be shipped, except for items subject to the Intangible Goods Additional Requirements. Transactions involving items that you deliver in person in connection with payment made in your physical store, may also be eligible for PayPal’s Seller Protection program so long as the buyer paid for the transaction in person by using a PayPal goods and services QR code. • You must ship the item to the shipping address on the Transaction Details page in your PayPal account for the transaction. If you originally ship the item to the recipient’s shipping address on the Transaction Details page but the item is later redirected to a different address, you will not be eligible for PayPal’s Seller Protection program. We therefore recommend not using a shipping service that is arranged by the buyer, so that you will be able to provide valid proof of shipping and delivery. • The shipping requirement does not apply to eligible transactions involving items that you deliver in person; provided, however, that you agree to provide us with alternative evidence of delivery or such additional documentation or information relating to the transaction that we may request. • You must respond to PayPal’s requests for documentation and other information in a timely manner as requested in our email correspondence with you or in our correspondence with you through the Resolution Center. If you do not respond to PayPal’s request for documentation and other information in the time requested, you may not be eligible for PayPal’s Seller Protection program. • If the sale involves pre-ordered or made-to-order goods, you must ship within the timeframe you specified in the listing. Otherwise, it is recommended that you ship all items within 7 days after receipt of payment. • You provide us with valid proof of shipment or delivery. • The payment must be marked “eligible” or “partially eligible” in the case of Unauthorized Transaction claims, or “eligible” in the case of Item Not Received claims, for PayPal’s Seller Protection program on the Transaction Details page. • In the case of an Unauthorized Transaction claim, you must provide valid proof of shipment or proof of delivery that demonstrates that the item was shipped or provided to the buyer no later than two days after PayPal notified you of the dispute or reversal. For example, if PayPal notifies you of an Unauthorized Transaction claim on September 1, the valid proof of shipment must indicate that the item was shipped to the buyer no later than September 3 to be eligible for PayPal’s Seller Protection program. PayPal determines, in its sole discretion, whether your claim is eligible for PayPal’s Seller Protection program. PayPal will make a decision, in its sole discretion, based on the eligibility requirements, any information or documentation provided during the resolution process, or any other information PayPal deems relevant and appropriate under the circumstances. Item Not Received additional requirements To be eligible for PayPal’s Seller Protection program for a buyer’s Item Not Received claim, you must meet both the basic requirements and the additional requirements listed below: • Where a buyer files a chargeback with the issuer for a card-funded transaction, the payment must be marked “eligible” for PayPal’s Seller Protection on the Transaction Details page. • You must provide proof of delivery as described below.

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