[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: 24CFR92.61]



[Page 597-598]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 92_HOME INVESTMENT PARTNERSHIPS PROGRAM--Table of Contents

 

                      Subpart B_Allocation Formula

 

Sec.  92.61  Program description.



    (a) Submission requirement. Not later than 90 days after HUD 

notifies the insular area of the amount of its allocation, the insular 

area must submit a program description and certifications to HUD.

    (b) Content of program description. The program description must 

contain the following:

    (1) An executed Standard Form 424;

    (2) The estimated use of HOME funds and a description of projects 

and eligible activities, including number of units to be assisted, 

estimated costs, and tenure type (rental or owner occupied) and, for 

tenant assistance, number of households to be assisted;

    (3) A timetable for the implementation of the projects or eligible 

activities;

    (4) If the insular area intends to use HOME funds for homebuyers, 

the guidelines for resale or recapture as required in Sec.  

92.254(a)(5);

    (5) If the insular area intends to use HOME funds for tenant-based 

rental assistance, a description of how the program will be administered 

consistent with the minimum guidelines described in Sec.  92.209;

    (6) If an insular area intends to use other forms of investment not 

described in Sec.  92.205(b), a description of the other forms of 

investment;

    (7) A statement of the policy and procedures to be followed by the 

insular area to meet the requirements for affirmative marketing, and 

establishing and overseeing a minority and women business outreach 

program under Sec.  92.351;

    (8) If the insular intends to use HOME funds for refinancing along 

with rehabilitation, the insular area's guidelines described in Sec.  

92.206(b).

    (c) Certifications. The following certifications must accompany the 

program description:

    (1) A certification that, before committing funds to a project, the 

insular area will evaluate the project in accordance with guidelines 

that it adopts for this purpose and will not invest any more HOME funds 

in combination with other governmental assistance than is necessary to 

provide affordable housing;

    (2) If the insular area intends to provide tenant-based rental 

assistance, the certification required by Sec.  92.209;

    (3) A certification that the submission of the program description 

is authorized under applicable law and the insular area possesses the 

legal authority to carry out the HOME Investment Partnerships Program, 

in accordance with the HOME regulations;

    (4) A certification that it will comply with the acquisition and 

relocation requirements of the Uniform Relocation Assistance and Real 

Property Acquisition Policies Act of 1970, as amended, implementing 

regulations at 49 CFR part 24 and the requirements of Sec.  92.353;

    (5) A certification that the insular area will use HOME funds in 

compliance with all requirements of this part;

    (6) The certification with regard to the drug-free workplace 

required by 24 CFR part 24, subpart F; and

    (7) The certification required with regard to lobbying required by 

24 CFR



[[Page 598]]



part 87, together with disclosure forms, if required by 24 CFR part 87.