Orange County NC Website
r:r,tsal Contnbrruons Contract U s c.�a-- W-t _t Kam_a <br /> an0 Urten zerei wt 14 <br /> Nicderate Rehatilitatjcn Jgram OMC1 of P►.40tre a tr,Jan Hold" <br /> ACC Part 1 mar 8 ,ACC No. A-2903—K <br /> Table of Sections pap <br /> 1.1 Tae Program . . . . . . . . . . . .... ... .. . . . . . . . . . . . . 1 1.3 Expediaors Csaymg Out of Project . . . . . . . . . ... ... . <br /> 1.2 Autbanunon of Actions by E A . .. .. . . .. . . . . . . ... 1 L9 Assistance to Eligible Families When <br /> 1.3 Funding and Team . . .. . . . .. .. ...... .. . . . . .. ... 1 Contracts ate Terminated. . . . . . . . . . . . ... . .. . ...... . 2. <br /> 1.4 Anmral Cacctnbtntions . . . . ..... . .... . ... . . .. ... 1 1.10 Rtsponabtlity fa Admiassaation of Contact ........ . 2 <br /> 1.3 HUD Payments for Moderate Rehabilitation Pmgrta.- 1 1.11 SUM Requittmeaw . . . . . . .. . . . ... . ..... ..... . 2 <br /> 1.6 Fiscal Yea . . . . . . . . . . . . . . .. . .... . . . . . . . . . . .. 2 1.12 Exclus:on afTlird Parry Rigbt7 . . . . . . . . . . ..... .. . <br /> 2 1.13 ACC. . . . .. . . . . . . ... ... . <br /> 1.7 Peaodic Adjtursaeat of Caritas Rents . . . . . . . . . . . . . . . . . . . . .. . . . .. . . . . . . <br /> 1.1 The Prog= to this ACC- The%%ding exhibit Stites the amoual lc.! <br /> term of funding for each project. <br /> (a) Projects in the Progam (b) The amount of oaatract and budget anthotq for such <br /> (1) The HA's Moderate Rehabilitation, Program under prajeet in the FLA Moderate Rehabilitation Program is <br /> this ACC includes all projects listed in the !leading stand in the&riding exhibit. 'Contract autbority'is the <br /> exhibit attached to this ACC Part L maxdn= saran! payment by HIM to the Hai► for a <br /> (2) The HA. to the ma)dmum ca=nt&mble. shall emer project. 'Budges authority' is the tnwdmum amount of <br /> into Agreements and Conawn in accordance with Brads available far payment to the 13A ova the term of <br /> the -umbers and sizes of units is each ptojat the project Budget authority is authorized and apprepn. <br /> speafied in the funding exhibit No substantial devi- ated by the Congress <br /> aiom as deSaod by HUD Am the bedroom dismbu- (c) The fm-ling ethrbit suns the first date and last date u <br /> am or number of units in arch projea is allowed the ACC tern for each project <br /> without paler HUD gVmvaL 'Ile 13A shall not em <br /> into any Agreements or Contracts or take any other L4 Annual Contnbutioos <br /> action which will result in•a claim Lot an Annual <br /> Connabuum in respect to any project is excess of the (a) HUD shall sot make any Annual Coambutians at anv <br /> maximum amount authorized far that project other peyaaent with cape t to say Fiscal Year for a <br /> pavja-t is excess of the coautraa aahoeiW for the prcra <br /> (b) The term 'HA' mans the Housing Agtmcy which has specified in the llmding exhibiL Baweva. this amount <br /> smarted this ACC. shall be mbaed eamm uttruely with any tedtucdoa in <br /> the mus ba of Contra Units or changes in coif sites or <br /> (c) The term'SUD' mesas the United Stem Department of peasant to any other provision of this ACC at the <br /> Housing and Urban Development. Coafsaea <br /> (d) The on 'project'meant each lirading iaatment in the (b) Tae oral amount d payments for a project ova the <br /> HA titoderase Rehabilhation PwSratm paject perm must not cmd budget atnthacity for the <br /> project specdw in the Ftroding ExbVC <br /> 1.2 Authorization of Actions by HA <br /> 1.3 HUD Paymean for Moderate Rehabilitation <br /> to orda to tarty out the project. the HA is authorized eta(a) Program <br /> =a into Agrecn=% (b) cant into Can tracm (c) make <br /> housing amszanca payments on behalf of Families sad (d) (a) HUD will matte payments to the HA in accordance with <br /> take all other necessary actions. A in accordance with the HUD regulations and requirements. <br /> application, forms.conditions and requirements prescribed air <br /> approved by HUD. However, neither the HA nor HUD shag (b) For each HA Fiscal Year. HUD will pay the HA the <br /> assume say obligations beyond those provided in the amount approved by HUD to cover the following(subje'_; <br /> prescribed forma of Agreement and Contract. to rcd=on by the amount of any Project Receipts oche: <br /> than Annual Contributions (such as interest income) <br /> 1.3 Funding and Terra � ' which Receipts shall be available for Project <br /> Expenditures): <br /> (a) The projects (funding increments) in the HA Moderate (1) The amount of housing assistance payments payable <br /> Rehabilitation Program are listed in the funding cxhibit during each Fiscal Year by the HA pursuant to <br /> Page i of 7 form HUG-52520 MR 6,93) <br /> • <br />