Agenda - 03-01-1994 - VIII-D - Laserfiche WebLink

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Consolidated , U.S. Department of Housing one Mon Development 4 `�Ual Contributions Contract oft of Housing i r Housing Voucher Program _ ACC P ' Nunttl»r, �._.._ _ :Y�T�.=� CONTRACT N0. A-2903—V 1.1. Definitions. be entered subsequently by HUD,upon written notice by HUD A. ACC. As used in Part 1 of this CACC, "ACC" means the to the PHA. Annual Contributions Contract for each project. As used in E. HUD may revise Exhibit 1 or Exhibit 11 at any time, upon Part D of this CACC,"ACC"-means the CACC. written notice by HUD to the PHA, to remove a project for B. CACC. Consolidated Annual Contributions Contract. which the ACC term has expired. C. Contract Authority. The amount of contract authority for F. The ini ial ACC term for any project may be extended by each project is listed in Exhibit 1 or Exhibit 11 of this CACC written agreement of the PHA and HUD. Put 1 (subject to reduction in accordance with section 1.4.1) and section 2.3 of this CACC). 1.4. Annual Contribution. D. Fiscal Year. The PHA Fiscal Year. A. Payment. HLD shall pay the PHA annual contributions for E. HUD. U.S. Department of Housing and Urban Development. tree Program in accordance with HUD regulations and F. PHA. Public Housing Agency. requirements. G. Program. The PHA's Housing Voucher Program under the B. Amount and Purpose of HUD Payments. CACC. 1. The annual contribution for the Program during a Fixes Year shall be the sum of the amounts paid for each of the H. Program Expenditures. Amounts which may be charged projects in the program. The HUD annual contribution for the against Program Receipts in accordance with the CACC and Program shall be the amount approved by HL'D for each Fiscal HUD requirements. Year to cover. 1. Program Receipts. Amounts paid by HUD to the PHA for the a. The amount of housing assistance payments by the Housing Voucher Program,and any other amounts received by PHA. the PHA in connection with the Program. b. The amount of PHA fees for Program administration. J. ProjecL A funding increment for the Program. 2. The amount of the HUD annual contribution may be reduced, as determined by HUD.by the amount of Program 1.2. Housing Voucher Program. Receipts(such as interest income)other than the HUD annual contribution. A. Projects in Program. The projects in the program are listed in C. Maximum Payments for Program. Exlubit I and Exhibit a of this CACC Pan 1. (List all new 1. Annual Limit on Payments ror Program. Except for projects in CACC Exhibit D.) payments from the CACC reserve account as provided in B. PHA Fiscal Year. The Fiscal Year for the O ram shall be section 1.4.E of this CACC.the HUD annual contribution for a June }0 under section 1.4.11 during the Fiscal Year shall not be the 12-month period ending of project g each cakndar year. (Insert the day and month used as the more than the contract authority for the project.The amount of Fiscal Year ending date for other section 8 assistance contract authority reserved for each project in the Program is admQtisterzd by the PHA under an ACC with HUD.) stated in Exhibit 1 and D of this CACC Part 1 (subject to reduction in accordance with section 1.4.D and section 23 of this CACC). 1.3. Terim 2. Limit on Total Payments for Project During CACC Term. The total of HUD payments under section 1.4.11 for a A. The initial term of the ACC for each project shall be a term of project over t,"e term of the CACC for the project(including rive years beginning on the effective date of the ACC for the any payments from the CACC reserve account as provided �n project. section 1 A.E. but not including any payments under section B. The rust date and last date of the ACC term for each project is 1.4.F)shall r.:,be more than rive times the contract ast,`toriry stated in Exhibit 1 or Exhibit IL for the profit. C. The first date of the ACC term for the project shall be a date as D. Reduction of Amount Payable. HUD may reduce the amount determined by HUD. payable by HUD for any project or for the program.and may D. It the first a east date of the ACC teen for the t is not reduce the amount of the contract authority for any project.by project giving the PHA written notice of reduction in accordance with entered before the CACC is signed by the PHA,the date may section 2.3 of this CACC. The notice by HUD may include a page t o14 pages form HMS2S2 0•D tt.Sc; ref handbooks'42"? S 'J2^ '