Predevelopment Funds. Upon review and approval of the HOPE VI Budget, as described in Article VII(C)(1), HUD will make the approved predevelopment funds available to the Grantee for drawdown in LOCCS. The Grantee will ensure that the funds are expended in conformance with the HUD-approved Predevelopment Budget.
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Samples: Revitalization Grant Agreement, Vi Revitalization Grant Agreement, Grant Agreement
Predevelopment Funds. Upon review and approval of the Overall HOPE VI Budget, as described in Article VII(C)(1), HUD will make the approved predevelopment funds available to the Grantee for drawdown in LOCCSdrawdown. The Grantee will ensure that the funds are expended in conformance with the HUD-HUD- approved Predevelopment Budget.
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