2011-192 Housing - Community Home Trust, Inc. for the Orange County HOME Program

Browse Search

B. AFFORDABILITY: (1) The CHDO shall ensure that housing it assists with HOME funds meets the affordability requirements of 24 CFR Parts 92 or 94, as applicable. (2) The CHDO shall repay its award of HOME funds in full to the County if the housing does not meet the affordability requirements for the specified time period. (3) If the CHDO is undertaking rental projects, the CHDO shall establish affordable initial rents and procedures for rent increases. (4) If the CHDO is undertaking homeCHDOship projects for sale to homebuyers, the CHDO shall set forth resale or recapture requirements that conform to 24 CFR Part 92:254(a). C. PROJECT REOUIREMENT5: (1) The CHDO shall comply with project requirements specified in 24 CFR subpart F, as applicable in accordance with the type of project assisted. (2) The amount of HOME funds the CHDO may invest on a per-unit basis in affordable housing may not exceed the per-unit dollar limits established by HUD. D. PROPERTY STANDARDS: (1) The CHDO shall ensure that the housing meets the property standards in 24 CFR 92.251 and the lead based paint requirements in 24 CFR 92.355 upon project completion. (2) The CHDO shall maintain rental housing in accordance with the standards in 24 CFR 92.251 for the duration of the affordability period. E. AFFIRMATIVE MARKETING: (1) If a project contains five (5) or more HOME assisted units, the CHDO must take full responsibility for affirmatively marketing the housing. (2) Affirmative marketing steps shall consist of actions to provide information and otherwise attract eligible persons in the housing market to the available housing without regard to race, color, national origin, sex, religion, familial status or disability. F. RECORDS AND REPORTS: (1) The CHDO shall maintain and, at reasonable times and places, make available to the County such records and accounts, including property, personnel, and financial records, the 2