Current through Register Vol. 46, No. 39, September 25, 2024
(a) From
time to time and as funds become available, the corporation will issue requests
for proposals. Proposals from eligible applicants that meet the minimum
threshold requirements will be judged on a competitive basis. In determining
awards in relation to such proposals, the corporation shall establish such
tiered project funding levels based on length and depth of affordability as in
its discretion are deemed applicable.
(b) The following are minimum requirements
for an application to be considered in the selection process:
(1) Completeness. The proposal must contain
the information and documentation required by Part 2164 of this Title
sufficient in the corporation's determination to permit the corporation to make
the assessments required by this Part.
(2) Eligible area. Based upon information
supplied by the eligible applicant or a designation made pursuant to any
Federal, State or local law, rule or regulation, the corporation will determine
that the project(s) is/are in an eligible area or areas.
(3) Limits on grants and uses. The proposed
grant requests may not exceed the dollar limits as determined under the act.
Grant funds may only be applied to purposes specified under the act.
(4) Nondisplacement of residents. The
proposal must not result in the permanent displacement of low or moderate
income residents. Any temporary relocation of residents must be carried out in
accordance with a plan which will be subject to the approval of the
corporation. In order to prevent permanent displacement, the proposal must, at
a minimum, contain a sufficient plan which offers such residents a decent, safe
and sanitary dwelling unit in the project or program property comparable to the
tenant's affected unit at a monthly cost for rent and utilities that does not
exceed the greater of:
(i) the tenant's cost
for rent and utilities at the time that a grant agreement with the respective
grantee is executed; or
(ii) 30
percent of the tenant's household's gross income.
In the event that the project or program involves a broad
geographic area, the unit to be offered must be proximately located, as such
proximity is determined in the sole opinion of the corporation, to the affected
unit.
(5) Equal
opportunity. The eligible applicant must agree to comply with the corporation's
guidelines, practices and procedures which are designed to ensure that, where
possible, minority groups which traditionally have been disadvantaged, and
women, are afforded equal opportunity for contracts under the eligible
applicant's project(s) or program.
(6) Fair housing. The eligible applicant must
agree to comply with all applicable Federal, State, and local fair housing laws
and may not engage in any practice or foster any pattern of illegal housing
discrimination including but not limited to discrimination based on race,
creed, color, national origin, sex, age, disability or marital
status.
