Laserfiche WebLink
AI9MINISTRATION <br />administrator ma'V elpend funds provided under this contract for reasonable administrative and <br />planning costs incurred directly~r~lated to this contract. <br />HOMErfunds thah s~not more than four <br />this contract and 24 C.F.R S9_._07 m an an~ount . <br />percent (4%) or Eaght Thousand and No/100 Do9lars (S8,000.00) of the total amount of project <br />funds received under this contract. <br />Administrator shall be allowed to draw up to ten percent (10%) of the actual allowable <br />administrative costs incuned at the initial stage of the Contract, with the remaining ninery <br />percent (90°/o) ftiuzded on a pro-rata basis, based on project fund disbursements. <br />HOMEBUYER TRAINING PROGRANI <br />Administrator must provide a Homeblryer Counselincy, Program to all homebuyers assisted under <br />this contract. The local Homebuyer Counseling Program may include; but is not limited to, <br />Financial Management, Homebuyer purchase process such as, preparing for homeownership, <br />shopping for a home, obtaining a mortgage, closing, post purchase counseling and foreclosure <br />prevention. Administrator shall maintain a file containing all activiry relating to efforts rnade to <br />auide recipients toward homeotivnership. <br />HONTE Contract 't 10009 10 <br />Pac~e 19 of 21 <br />