Examples of Housing funds in a sentence
A misuse of funds shall be deemed to have occurred when: (1) Minnesota Housing funds are not used as agreed by a borrower or grantee; or (2) A borrower or grantee cannot provide adequate documentation to establish that Minnesota Housing funds were used in accordance with the terms and conditions of the loan or grant agreement.
Regardless of the Minnesota Housing program or funding source, the borrower or grantee must use Minnesota Housing funds as agreed, and the borrower or grantee must maintain appropriate documentation to prove that funds were used for the intended purpose(s).
Public Housing funds and other funding provided under the U.S. Housing Act of 1937, as amended may be not used as match or leverage.
In evaluating these criteria, NJHMFA shall apply the standards as promulgated by the DCA for similar types of projects seeking Balanced Housing funds.
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