New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 43 - NEIGHBORHOOD PRESERVATION BALANCED HOUSING PROGRAM
Subchapter 3 - FUNDING CRITERIA
Section 5:43-3.10 - HOPE VI projects
Universal Citation: NJ Admin Code 5:43-3.10
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The Balanced Housing Program may provide assistance to eligible applicants applying on behalf of sponsors developing HOPE VI projects in accordance with Section 24 of the U.S. Housing Act of 1937 ( 42 U.S.C. § 1437v) .
(b) The maximum Balanced Housing subsidy for a HOPE VI project shall be $ 40,000 per unit, for projects awarded by HUD prior to January 1, 2006 or $ 25,000 for those projects awarded by HUD on or after January 1, 2006.
(c) Applicants shall be required to provide a full certified accounting from the relevant housing authority of all HOPE VI funding, commitments, obligations and expenditures.
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