[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR572.210]

[Page 182]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 572_HOPE FOR HOMEOWNERSHIP OF SINGLE FAMILY HOMES PROGRAM (HOPE 3)--Table of Contents
 
                            Subpart C_Grants
 
Sec. 572.210  Implementation grants.

    (a) General authority. Any implementation grants for the purpose of 
carrying out homeownership programs approved under this part will be 
awarded using a selection process and selection criteria to be published 
in a NOFA.
    (b) Deadline for completion. A recipient must spend all 
implementation grant amounts within 4 years from the effective date of 
the grant agreement. The appropriate HUD field office may approve a 
request to extend the deadline when it determines that an extension is 
warranted. A previously approved grant amount may not be amended to 
increase the grant amount.
    (c) Program closeout. Recipients will comply with closeout 
procedures as issued by HUD.

[62 FR 34145, June 24, 1997]

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