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In general, all projects must benefit persons with a household income below 80% of the area median <br />income adjusted for family size. Please see Attachment 2 for current income limits. <br />The funding period begins on July 1, 2015. Costs incurred before that date and before a <br />Performance /Development Agreement has been executed cannot be reimbursed. <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. Please also note that the intention to use federal funds for a project triggers federal <br />acquisition and relocation regulations affecting real estate purchase. <br />Recipients of CDBG and HOME funds 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. Required <br />information may include the following: progress toward achieving performance goals; description of <br />activities /challenges; revisions of timelines /budgets; and other relevant information. Information may <br />also be required about marketing activities, project income, and the home buyers and /or tenants of <br />assisted projects. <br />Funded projects will be monitored for progress and 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 />All new CDBG subrecipients will be asked to attend an orientation meeting (held in June of 2015) prior <br />to the start of the funding year. This meeting is mandatory for all new subrecipients, and some <br />subrecipients who have received funding in the past may be asked to attend as well. <br />During the orientation meeting, subrecipients will learn about the requirements of the program and will <br />receive a draft of their Performance Agreements. Subrecipients will also learn about the services that <br />are available through the Town, such as technical assistance and support. <br />iv <br />Do not submit this page <br />