[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: 24CFR92.62]



[Page 598]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 92_HOME INVESTMENT PARTNERSHIPS PROGRAM--Table of Contents

 

                      Subpart B_Allocation Formula

 

Sec.  92.62  Review of program description and certifications.



    (a) Review of program description. The responsible HUD Field Office 

will review an insular area's program description and will approve the 

description unless the insular area has failed to submit information 

sufficient to allow HUD to make the necessary determinations required 

for Sec.  92.61 (b)(4), (b)(6), and (b)(7), or the guidelines under 

(b)(8) are not satisfactory to HUD, if applicable; or if the level of 

proposed projects or eligible activities is not within the management 

capability demonstrated by past performance in housing and community 

development programs. If the insular area has not submitted information 

on Sec.  92.61 (b)(4), (b)(6), and (b)(7), or the guidelines under 

(b)(8) are not satisfactory to HUD, if applicable; or if the level of 

proposed projects or eligible activities is not within the management 

capability demonstrated by past performance in housing and community 

development programs, the insular area may be required to furnish such 

further information or assurances as HUD may consider necessary to find 

the program description and certifications satisfactory. The HUD Field 

Office shall work with the insular area to achieve a complete and 

satisfactory program description.

    (b) Review period. Within thirty days of receipt of the program 

description, the HUD Field Office will notify the insular area if 

determinations cannot be made under Sec.  92.61 (b)(4), (b)(6), (b)(7), 

or (b)(8) with the supporting information submitted, or if the proposed 

projects or activities are beyond currently demonstrated capability. The 

insular area will have a reasonable period of time, agreed upon 

mutually, to submit the necessary supporting information or to revise 

the proposed projects or activities in its program description.

    (c) HOME Investment Partnership Agreement. After HUD Field Office 

approval under this section, a HOME funds allocation is made by HUD 

execution of the agreement, subject to execution by the insular area. 

The funds are obligated on the date HUD notifies the insular area of 

HUD's execution of the agreement.