Agenda - 12-05-94 - VIII-C - Laserfiche WebLink

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Consolidated t ' U.S. Department of Housing r and Urbar.Development 4 AS Annual Contributions Contract Mica of Housing 1r • Housing Voucher Program ACC a CONTRACT NO. A-2903—V NUmber: Mai 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 t or Exhibit It at any time, upon Part El 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 initial ACC term for any project may be extended by each project is listed in Exhibit I or Exhibit II of this CACC written agreement of the PHA and HUD. Part I (subject to reduction in accordance with section I.4.D and section 2.3 of this CACC). 1.4. Annual Contribution. D. Fiscal Year. The PHA Fiscal Year. A. Payment. HUD shall pay the PHA annual contributions for E. HUD. U.S. Department of Housing and Urban Development. the Program in accordance with HUD regulations and F. PHA. Public Housing Agency. requirements. C. 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 Fiscal H. Program Expenditures. Amounts which may be charged Year shall be the sum of the amounts paid for each of the °E p en y g projects in the program. TheflUD annual contribution for the against Program Receipts in accordance with the CACC and Program shall be the amount approved by HUD for each Fiscal HUD requirements. year to cover. I. 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. Project 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)ocher than the HUD annual contribution. A. Projects in Program.The projects in the program are listed in C. Maximum Payments for Program. Exhibit I and Exhibit II of this CACC Part I. (List all new 1. Annual Limit on Payments for 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 Pram shalt be section 1.4.E of this CACC,the HUD annual contribution for a the 12-month period ending 30" of f project under section 1.4.B during the Fiscal Year shall not be each calendar 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 administered by the PHA under an ACC with HUD.) stated in Exhibit I and II of this CACC Part I (subject to reduction in accordance with section t.4.D and section 23 of this CACC). 1.3. Term. 2. Limit on Total Payments for Project During CACC Term. The total of HUD payments under section 1.4.B for a A. The initial term of the ACC for each project shall be a term of project over the term of the CACC for the project (including five years beginning on the effective date of the ACC for the any payments from the CACC reserve account as provided in Project section I.4.E, but not including any payments under section B. The first date and last date of the ACC term for each project is 1.4.F)shall r.._.. be more than five times the contract authority stated in Exhibit I or Exhibit H. for the project. 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. If the first or last dale of the ACC term for the project is not reduce the amount of the contract authority for any project,by Proja 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 I of 4 pages form HUD-52520-D tf.9C) ref far hocks -4:" 7 S '.I2^