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CITY OF SANTA ANA <br /> <br /> <br /> <br /> <br /> <br /> <br />(1) Pay any operating costs of a HOME-ARP NCS project. <br />(2) Provide additional HOME-ARP investment in a HOME-ARP NCS project during the restricted <br />use period, except that additional HOME-ARP funds can be invested in the project up to one <br />(1) year after project completion in IDIS for eligible costs. <br />(3) Pay costs of a conversion of HOME-ARP NCS as described in Section VI.E.11 of this Notice. <br />(4) Provide non-Federal matching contributions required under any other Federal program. <br />(5) Provide assistance for uses authorized under section 9 of the U.S. Housing Act of 1937 (42 <br />U.S.C. 1437g) (Public Housing Capital and Operating Funds). <br />(6) Provide assistance to eligible low-income housing under 24 CFR part 248 (Prepayment of <br />Low-Income Housing Mortgages). <br />(7) Pay for the acquisition of property owned by the PJ, except for property acquired by the PJ <br />with HOME-ARP NCS funds, or property acquired in anticipation of carrying out a HOME-ARP <br />NCS project. <br />(8) Pay delinquent taxes, fees, or charges on properties to be assisted with HOME-ARP NCS <br />funds. <br />(9) Pay for any cost that is not eligible under CPD Notice 21-10. <br />Affordability Requirements <br />HUD provides the following maximum HOME-ARP rent limits. The maximum HOME-ARP rents are <br />the lesser of: <br /> <br />(1) The fair market rent for existing housing for comparable units in the area as established by <br />HUD; or <br />(2) A rent that does not exceed 30 percent of the adjusted income of a family whose annual <br />income equals 65 percent of the median income for the area, as determined by HUD, with <br />adjustments for number of bedrooms in the unit. The HOME-ARP rent limits provided by HUD <br />will include average occupancy per unit and adjusted income assumptions. <br />In rental projects with five (5) or more HOME-ARP assisted rental units, not less than 70 percent total <br />HOME-ARP rental units must be restricted for occupancy by qualifying households at time of <br />household’s initial occupancy. <br /> <br />Not more than 30 percent of total HOME-ARP assisted rental units may be restricted for occupancy <br />by low-income households and meet one (1) of following rent requirements: <br /> <br />(1) The rent does not exceed 30 percent of the annual income of a family whose income equals <br />50 percent of the median income for the area, as determined by HUD, with adjustments for <br />smaller and larger families. HUD provides the HOME rent limits, which include average <br />occupancy per unit and adjusted income assumptions. However, if the rent determined under <br />this paragraph is higher than the applicable rent under 24 CFR 92.252(a), then the maximum <br />rent for units under this paragraph is that calculated under 24 CFR 92.252(a). <br />(2) The rent does not exceed 30 percent of the family's adjusted income. If the unit receives <br />Federal or State project-based rental subsidy and the very low-income family pays as a <br />contribution toward rent not more than 30 percent of the family's adjusted income, then the <br />EXHIBIT 1