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Refer to 92.504 of the HOME rule for the regulations pertaining to HOME Written Agreements.
- Use of funds:
Provides a description of tasks to be performed, schedule for completing tasks, a budget in sufficient detail to effectively monitor performance, and the period of the agreement. (For nonprofit and for-profit housing owners, sponsors, or developers, the duration of the agreement will be in a separate clause.)
- Reversion of assets/program income requirements: States whether program income proceeds, unexpended funds, or other assets will be retained by the recipient for other eligible activities, or will be returned to the PJ.
- Uniform administrative requirements:
Emphasizes compliance with applicable federal administrative requirements (OMB Circular A-87 and applicable provisions of 24 CFR Part 85 for governmental entities, or OMB Circular A-122 and applicable provisions of 24 CFR Part 84 for non-profit entities.)
- Other program requirements:
Outlines requirements regarding: non-discrimination and equal opportunity; affirmative marketing and minority outreach; environmental review; displacement, relocation, and acquisition; labor standards; lead-based paint; and conflict-of-interest.
- Affirmative marketing:
Addresses requirements for affirmative marketing in projects of five or more assisted units.
- Requests for disbursements of funds:
Requires that HOME funds may not be requested until funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed. Program income must be disbursed before requesting funds from the PJ.
- Records and reports:
Describes records that must be maintained, and information and reports that must be submitted.
- Enforcement of the agreement:
Found in the agreement with all parties, including owners, and is the means of enforcing the provisions of the written agreement.
- Project requirements:
Enumerates all project requirements applicable to the type of project(s) to be assisted. Examples include affordability requirements, property standards, rents, and recapture/resale provisions.
- Conditions for religious organizations:
Includes conditions set forth in 24 CFR Part 92.257 concerning religious organizations, as applicable.
- CHDO provisions:
States the requirements for the use of funds to CHDOs; including set-aside funds, operating expenses, project-specific loans, and capacity-building assistance.
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