Common use of National Objectives Clause in Contracts

National Objectives. All Projects approved under this Agreement must be eligible and must meet the low-to moderate-income households National Objective (“LMH National Objective”) of the HUD regulations authorized under Title I of the Housing and Community Development Act of 1974, Section 104(b)(3), as amended, and 24 CFR Part 570.483. While proposed projects may be mixed-income units, CDBG-DR funds must only be applied to the affordable units for occupancy by LMI households. All Senior Projects and all rehabilitation Projects must have at least 51% affordable units in order to meet the LMH National Objective, unless otherwise waived by HUD. Upon completion of the Approved Project(s) funded under this Agreement and prior to the funding expiration date of this Agreement, the Subrecipient must document that the Approved Project(s) met the LMH National Objective. The Department shall review the actual National Objective achievements of the Subrecipient. If the Subrecipient does not or cannot satisfactorily document the National Objective achievement of an Approved Project, the Approved Project may be deemed ineligible and repayment of funds may be required of the Subrecipient.

National Objectives. All Projects approved under this Agreement must be eligible and must meet the low-low- to moderate-income households National Objective (“LMH National Objective”) of the HUD regulations authorized under Title I of the Housing and Community Development Act of 1974, Section 104(b)(3), as amended, and 24 CFR Part 570.483. While proposed projects may be mixed-income units, CDBG-DR funds must only be applied to the affordable units for occupancy by LMI households. All Senior Projects and all rehabilitation Projects must have at least 51% affordable units in order to meet the LMH National Objective, unless otherwise waived by HUD. Upon completion of the Approved Project(s) funded under this Agreement and prior to the funding expiration date of this Agreement, the Subrecipient must document that the Approved Project(s) met the LMH National Objective. The Department shall review the actual National Objective achievements of the Subrecipient. If the Subrecipient does not or cannot satisfactorily document the National Objective achievement of an Approved Project, the Approved Project may be deemed ineligible and repayment of funds may be required of the Subrecipient.