[Code of Federal Regulations] [Title 24, Volume 4] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 24CFR954.1] [Page 411-412] TITLE 24--HOUSING AND URBAN DEVELOPMENT CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PART 954_INDIAN HOME PROGRAM--Table of Contents Subpart A_General Provisions Sec. 954.1 Overview. Subpart A_General Provisions Sec. 954.1 Overview. 954.2 Definitions. 954.3 Waivers. 954.4 Other Federal requirements. Subpart B_Applying for Assistance 954.100 General. 954.101 Allocation of funds. 954.102 Eligible applicants. 954.103 Housing strategy. 954.104 Performance thresholds. 954.105 Criteria for selection. 954.106 Announcement of competition. 954.107 Grant conditions. 954.108 Project amendment. Subpart C_Eligible Activities and Affordability 954.300 Eligible activities. 954.301 Religious organizations. 954.302 Income determinations. 954.303 Eligible project costs. 954.304 Eligible administrative costs. 954.305 Tenant-based rental assistance. 954.306 Rental housing: qualification as affordable housing and income targeting. 954.307 Homeownership: qualification as affordable housing. 954.308 Prohibited activities. Subpart D_Project Requirements 954.400 Maximum per-unit subsidy amount. 954.401 Property standards. 954.402 Tenant and participant protections. Subpart E_Program Administration 954.500 Repayment of investment. 954.501 Grantee responsibilities; written agreements; monitoring. 954.502 Applicability of uniform administrative requirements. 954.503 Audit. 954.504 Closeout. 954.505 Recordkeeping. 954.506 Performance reports. 954.507 Submission of project completion reports. Subpart F_Performance Reviews and Sanctions 954.600 Performance reviews. 954.601 Corrective and remedial actions. 954.602 Notice and opportunity for hearing; sanctions. Authority: 42 U.S.C. 3535(d) and 12701-12839. [[Page 412]] Source: 61 FR 32223, June 21, 1996, unless otherwise noted. This part implements the Indian HOME Investment Partnerships Program. In general, under the Indian HOME Investment Partnerships Program, HUD awards funds competitively to eligible applicants to provide more affordable housing. Grantees may use HOME funds to carry out projects through acquisition, rehabilitation, and new construction of housing, and tenant-based rental assistance. Grantees are able to provide assistance in a number of eligible forms, including loans, advances, equity investments, interest subsidies and other forms of investment that HUD approves.