Common use of Program Grants Clause in Contracts

Program Grants. The LCA will make payment of a Grant directly to the Contractor for completed project costs incurred during completion of the Project on the Property Owner’s behalf. The maximum amount of any Grant that the Committee may award shall not exceed $5,000 (or $10,000 for corner properties). For any approved Project, the Property Owner must remit the Match to the LCA before work on the Project can begin. If the property to be improved under the FIP: (1) is used solely for commercial purposes; (2) is mixed residential/commercial; (3) is rental property; or (4) is owned by a not-for-profit organization, the Property Owner must contribute a 50% cash match of the total project cost. If the property to be improved under the FIP is an entirely residential, single family home, and does not constitute rental property, the Match is determined by the Property Owner’s annual household earnings as evidenced by the Property Owner’s most recent federal income tax return. An eligible and approved Property Owner whose household earnings are below 80% of the median household income for the County of Lancaster must contribute a 10% cash match of the total Project cost. An eligible and approved Property Owner whose household earnings are above 80% of the median household income for the County of Lancaster must contribute a 50% cash match of the total Project cost. The amount of any Grant awarded will equal the difference between the total cost of the proposed Project and the Match up to a maximum Grant amount of $5,000 (or $10,000 for corner properties). Regardless of how the property is characterized, the Property Owner may choose to make improvements that have been approved by the LCA that would exceed the Grant, as well as the Property Owner’s Match. However, in such a case, the Property Owner is responsible for all costs over and above the Grant and the Match. A Grant is payable only upon (i) completion of the Project and (ii) submission of paid receipts and invoices, as further described below.

Program Grants. The LCA will NSLC may make payment of a Grant directly to the Contractor for completed project costs incurred during completion of the Project on the Property Owner’s behalf. The A ▇▇▇▇▇ may also be paid directly to a Property Owner who completes the Project himself or herself as monetary reimbursement for materials costs. In either case, the maximum amount of any Grant that the Committee may award shall will not exceed $5,000 (or $10,000 for corner properties)5,000. For any approved Project, the Property Owner must remit the Match to the LCA NSLC before work on the Project can begin. If the property to be improved under the FIP: (1) is used solely for commercial purposes; (2) is mixed residential/commercial; (32) is rental property; or (43) is owned by a not-for-profit organization, the Property Owner must contribute a 50% cash match of the total project cost. If the property to be improved under the FIP is an entirely residential, single family home, and does not constitute rental property, the Match is determined by the Property Owner’s annual household earnings as evidenced by the earnings. An eligible, approved Property Owner’s most recent federal income tax return. An eligible and approved Property Owner , whose household earnings are below 80% of the median household income for the County of Lancaster Allegheny, must contribute a 10% cash match of the total Project cost. An eligible and eligible, approved Property Owner Owner, whose household earnings are above 80% of the median household income for the County of Lancaster Allegheny, must contribute a 50% cash match of the total Project cost. The amount of any Grant awarded will equal the difference between the total cost of the proposed Project and the Match up to a maximum Grant amount of $5,000 (or $10,000 for corner properties)5,000. Regardless of how the property is characterized, the Property Owner may choose to make improvements that have been approved by the LCA NSLC that would exceed the Grant, as well as the Property Owner’s Match. However, in such a case, the Property Owner is responsible for all costs over and above the Grant and the Match. A Grant is payable only upon (i) completion of the Project and (ii) submission of paid receipts and invoices, as further described below.