[Code of Federal Regulations]
[Title 24, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR92.218]

[Page 608-609]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 92_HOME INVESTMENT PARTNERSHIPS PROGRAM--Table of Contents
 
                     Subpart E_Program Requirements
 
Sec. 92.218  Amount of matching contribution.

    (a) General. Each participating jurisdiction must make contributions 
to housing that qualifies as affordable housing under the HOME program, 
throughout a fiscal year. The contributions must total not less than 25 
percent of the funds drawn from the jurisdiction's HOME Investment Trust 
Fund Treasury account in that fiscal

[[Page 609]]

year, excluding funds drawn for purposes identified in paragraph (c) of 
this section.
    (b) Shortfall amount from State or local resources. Amounts made 
available under Sec. 92.102(b)(2) from the resources of a State (other 
than a transfer of the State's formula allocation), the local 
participating jurisdiction, or both, to enable the local participating 
jurisdiction to meet the participation threshold amount are not required 
to be matched and do not constitute matching contributions.
    (c) HOME funds not required to be matched. HOME funds used for 
administrative and planning costs (pursuant to Sec. 92.207); community 
housing development organization operating expenses (pursuant to Sec. 
92.208); capacity building (pursuant to Sec. 92.300(b)) of community 
housing development organizations; and project specific assistance to 
community housing development organizations (pursuant to Sec. 92.301) 
when the participating jurisdiction waives repayment under the 
provisions of Sec. 92.301(a)(3) or Sec. 92.301(b)(3) are not required 
to be matched.
    (d) Match contribution for other programs. Contributions that have 
been or will be counted as satisfying a matching requirement of another 
Federal grant or award may not count as satisfying the matching 
contribution requirement for the HOME program.