Laserfiche WebLink
<br />cll. bcron~ rehallil iL ,on, tldV" one or more ,istalld"., condilic,}/;ls, A.,f;er <br />rctldhilitdtion, "dch ullit in the pr'oject musl, ell. a minimum, meet the S.ection <br />n Housiny Qualil.y Standanh for Ixisting lIousing contained in 2~ CFR <br />IHlt,109, fo,' pu,'poses of Ihis Seclion tV. substalld"rd conditions are those <br />Ilou',ing conditiolls that do nol. meet. applicdble Stale or local housing codes <br />or' do nol. meet the Section 1I110using Qualily Stdlldards, <br /> <br />Sec lion V, <br /> <br />S,EJJ;"(:Tl ()f>l,()EIL ill IftLLJiCI GliBOIHIQOD~ <br /> <br />Rental rehabilitation funds shall only be used to assist the rehabilitation <br />of pr'ojects located in neighborhoods (a) where the med'ian income does Lot <br />exceed 80% of the median income for the area. and (b) which meet the rent <br />affordabilily slandard set forth in 24 erR 51L10(d)(2), <br /> <br />Section VI, <br /> <br />DISPL,\CEMENI OF LOWER INCor~E FAMILIES <br /> <br />Rental rehabilitation fonds may be used to rehabilitate structures only if <br />the rehabilitation of the structur'e will nol cause the displacement of very <br />low--income families by families who are not very low-income families. <br />Displacement results if a lower income family is forced to move premanently <br />from a project as a direct consequence of rehabilitation assisted under this <br />contract. A lower income family may not be displaced without financial and <br />advisory assislance sufficient to enable the family to obtain decent, safe, <br />and sanitary housing at an affordable rent (as defined in 24 CrR <br />511,1 O( h) (1) (i i) (8)), <br /> <br />Secl.ion VII. <br /> <br />ilD_QPTlON..JlLLENANT ASSISTAN.cLE9LIC'( <br /> <br />Uefore the establishment of a program account on behalf of Contractor under <br />the C/MI system is authorized by Department, Contractor shall adopt and <br />submit to Department a written tenant assistance policy (which shall be made <br />available to the public upon request) concerning displacement, relocation <br />assistance, and other assistance to tenants who reside or will reside in <br />projects to be rehabilitated with funds provided under this contract, The <br />tenant assislance policy shal I be developed in accordance with the guidelines <br />specified in 24 CrR 511 ,10(h)(2) and shall be subject to Department's <br />appr'ova 1, <br /> <br />Seclion VIII, PROHIBITION AGAINST,CONDOMINIUM CONVERSION <br /> <br />Priur to the time Contractor agrees to provide rental rehabilitation funds to <br />an Owner for an identifiable rehabilitation project, Contractor shall execute <br />a legally enforceable agreement, containing remedies adequate to enforce its <br />provisions, with the Owner under which the Owner agrees not to convert the <br />unils in the project rehabilitated Hith rental rehabilitation funds to <br />condominium ownership or any form of cooperative ownership not eligible to <br />receive rental rehabilitation funds (as provided in 24 eFR 511 ,IO(c)) for at <br />least ten (10) years beginning on the date on which the rehabilitation of the <br />ullits in the project is completed, <br /> <br />Sectioll IX, <br /> <br />!lJ~CHIMINAT!ON AGAINST SUBSIDIZED TENANTS <br /> <br />Prior to the time Contractor agrees to provide rental rehabilitation funds to <br />an OHner for all Identifiable rehabilitation project, COlllractor shall execute <br />a legally enforceable agreement, containing remedies adequate to enforce its <br /> <br />PAGE 2 OF ~ <br />