Annual Contributions Contract definition
Examples of Annual Contributions Contract in a sentence
The Authority may require the Contractor to increase the number of Vouchers to which the Contractor is assigned; Assignment of additional Vouchers for Rental Assistance Demonstration (RAD) properties, Project-Based Voucher (PBV) developments, absorption of other PHA’s Vouchers, and any other Annual Contributions Contract (ACC) increases will be awarded based on a schedule determined by the Authority.
HUD may assign the Contract at any time to a public housing agency (PHA) for the purpose of PHA administration of the Contract to the extent permitted under any Annual Contributions Contract (ACC) between HUD and the PHA.
HUD may assign the HAP Contract at any time to a public housing agency (PHA) for the purpose of PHA administration of the HAP Contract to the extent permitted under any Annual Contributions Contract (ACC) between HUD and the PHA.
Properties that have a Housing Assistance Payment Contract and/or an Annual Contributions Contract with HUD, but are not HUD Section 202 or HUD Section 811: The Owner shall establish an owner-adopted preference in the admission policies for the Development, allowing the Owner to create a preference or limited preference specifically for individuals or families who are referred by a partnering service agency.
Properties that have a Housing Assistance Payment Contract and/or an Annual Contributions Contract with HUD, but are not HUD Section 202 or HUD Section 811: Maintain a separate waiting list for referred Special Needs applicants and prioritize these individuals for any units that may become vacant after the initial lease-up period, based upon the minimum number of units specified in the application.
Owners that have a Housing Assistance Payment Contract and/or an Annual Contributions Contract with HUD shall maintain a separate waiting list for referred applicants and prioritize these individuals for any available Link units.
For Developments with a Housing Assistance Payment Contract and/or an Annual Contributions Contract with HUD: The waiting list section of the Tenant Selection Plan shall establish selection preferences or a section for special admissions specifically for individuals or families who are referred by a designated Referral Agency.
This Schedule and debt service amount shall be computed on the basis of the initial purchase price, a 30-year period, 3 and a rate of interest equal to the minimum loan interest rate as specified in the Annual Contributions Contract for the Project on the date of HUD approval of the Development Cost Budget, described in para- graph a of this section, rounded up, if nec- ▇▇▇▇▇▇, to the next multiple of one-fourth of one percent (1⁄4 percent).
Specifically, the Contractor agrees to comply with applicable HUD requirements, including the Annual Contributions Contract between the Authority and HUD, the standard General Condition of the Contract (non-Construction) Form HUD-5370-C, attached hereto, and successor issuances and conditions.
ACC: The Consolidated Annual Contributions Contract between HUD and the Authority, dated as of , as amended by the Mixed Finance ACC Amendment, dated of even date herewith and incorporating the Project Units, as the same may be further amended from time to time.