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INt7f)Illl E EL108 -t* <br /> In general, all projects must benefit persons with a household income below 80%of the area median <br /> income adjusted for family size. Pease see Attachment 2 for current income limits. <br /> GRANT PMOD <br /> The funding period begins on July 1,2014. GDsts incurred before that date and before a <br /> Performance/Development Agreement has been executed cannot be reimbursed. <br /> FEDERALREGULA-13ONS FOR 4UN5WC11ON RIDJWi'S <br /> Construction projects must comply with federal rules for the following: environmental review; "Davis <br /> Bacon" wage rates; real property acquisition; contract procurement; equal employment opportunity; <br /> lead-based paint; fair housing; conflict of interest; and(for large projects) HUD Section 3 economic <br /> opportunity. Pease also note that the intention to use federal fundsfor a project triggersfederal <br /> acquisition and relocation regulations affecting real estate purchase. <br /> PFCJETFEIIjORMNGAND MONITGRING <br /> F;bdpients of CDBG and HOM Efunds are required to submit written progress reports to the funding <br /> agency on a monthly or quarterly basis, depending on the nature and phase of the project. F;bquired <br /> information may include the following: progress toward achieving performance goals; description of <br /> activities/challenges, revisionsof timelines/budgets, and other relevant information. Information may <br /> also be required about marketing activities, project income, and the home buyersand/or tenantsof <br /> assisted projects. <br /> Funded projectswill be monitored for progressand performance,financial and administrative <br /> management, and compliance with the terms of Performance/Development Agreements. Monitoring <br /> may involve site and/or office visit(s). <br /> OR ENTAMON M FANG <br /> Al new CDBG subrecipients will be asked to attend an orientation meeting(held in June of 2014)prior <br /> to the start of the funding year.This meeting is mandatory for all new subredpients, and some <br /> subrecipientswho have received funding in the past may be asked to attend aswell. <br /> During the orientation meeting, subrecipientswill learn about the requirements of the program and will <br /> receive a draft of their Performance Agreements. SAbrecipientswill also learn about the services that <br /> are available through the Town, such astechnical assistance and support. <br /> iv <br /> Do not submit this page <br />