09-C Homebuyer Assistance Grant App

Home Browse Search

or department of the Applicant is convicted of a violation under 8 U.S.C Section 1324a(fl, the Applicant shall repay the amount of the public subsidy with interest, at the rate and according to the other terms provided by an agreement under Tex. Gov't Code Section 2264.053, not later than the 120th day after the date TDHCA notifies the Applicant of the violation." Once staff recommends that an Applicant receive an award and before the award is granted by the Board, the Department and the Applicant must enter into an agreement that says, at least: "The Applicant agrees that if the Applicant, or a branch, division, or department of the Applicant is convicted of a violation under 8 U.S.C Section 1324a(fl, the Applicant shall repay the amount of the public subsidy with interest, at the rate of (TBD) % per annum, not later than the 120th day after the date TDHCA notifies the Applicant of the violation." (7) I further certify that I understand that the Department periodically monitors for compliance with the requirements specified in paragraph (5) during the construction phase of a housing development that has received funds or other assistance from the Department. The monitoring level for each housing development is based on the amount of risk of noncompliance with the requirements specified in paragraph (5) associated with the development. The Department shall notify a recipient who has received funds or other assistance from the Department in writing of an apparent violation and shall afford the recipient a reasonable amount of time, as determined by the Department, to correct the identified violation, if possible, prior to the imposition of a sanction. The Department shall notify the Texas Commission on Human Rights at the same time notification is sent to the recipient. I understand that the Department may impose one or more of the following sanctions depending on the severity of the violation of a law specified in subsection (5) by a recipient of housing funds or other assistance from the Department: (a) a reprimand posted on the DepartmenYs website, (b) termination of assistance, or (c) a bar on future eligibility for assistance through a housing program administered by the Department. A bar shall be in place for at least one calendar year from the date of imposition by the Department and may not last for more than ten calendar years from the date of imposition. ApplicanYs Signature: Date: Applicant Printed Name: Kevin Carruth Applicant's Title:Citv Manaqer List the "Applicant Legal Name" followed by the "Program Code" for each current or pending TDHCA application in which this entity is an Applicant. Use the following program codes: HOME Program = HM, Housing Trust Fund = HT, Housing Tax Credit = HTC, Office of Colonia lnitiatives = OC, Tax-exempt Pnvate Activity Mortgage Revenue Bond = TP, 501 (c)(3) Tax-exempt Mortgage Revenue Bond = TM: Citv of Paris, Texas HM Attachment 1, Page 8 of 15 ..T.