[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR4.9]



[Page 32-33]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 4_HUD REFORM ACT--Table of Contents

 

       Subpart A_Accountability in the Provision of HUD Assistance

 

Sec.  4.9  Disclosure requirements for assistance subject to section 

102(b).



    (a) Receipt and reasonable expectation of receipt. (1) In 

determining the threshold of applicability of Section 102(b), an 

applicant will be deemed to have received or to have a reasonable 

expectation of receiving:

    (i) The total amount of assistance received during the Federal 

fiscal year during which the application was submitted;

    (ii) The total amount of assistance requested for the fiscal year in 

which any pending application, including the



[[Page 33]]



current application, was submitted; and

    (iii) For the fiscal year described in paragraph (a)(1)(ii) of this 

section, the total amount of assistance from the Department or any other 

entity that is likely to be made available on a formula basis or in the 

form of program income as defined in 24 CFR part 85.

    (2) In the case of assistance that will be provided pursuant to 

contract over a period of time (such as project-based assistance under 

Section 8 of the United States Housing Act of 1937), all amounts that 

are to be provided over the term of the contract, irrespective of when 

they are to be received.

    (b) Content of disclosure. Applicants that receive or can reasonably 

be expected to receive, as defined in paragraph (a) of this section, an 

aggregate amount of assistance that is in excess of $200,000 must 

disclose the following information:

    (1) Other governmental assistance that is or is expected to be made 

available, based upon a reasonable assessment of the circumstances, with 

respect to the project or activities for which the assistance is sought;

    (2) The name and pecuniary interest of any interested party; and

    (3) A report of the expected sources and uses of funds for the 

project or activity which is the subject of the application, including 

governmental and non-governmental sources of funds and private capital 

resulting from tax benefits.

    (c) In the case of mortgage insurance under 24 CFR subtitle B, 

chapter II, the mortgagor is responsible for making the disclosures 

required under Section 102(b) and this section, and the mortgagee is 

responsible for furnishing the mortgagor's disclosures to the 

Department.



(Approved by the Office of Management and Budget under control number 

2510-0011)