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EXHIBIT 2 <br /> TENANT-BASED RENTAL ASSISTANCE (TRA) <br /> 1 . The Recipient is Indian River County Board of Commissioners . <br /> 2 . HUD agrees , subject to the terms of the Agreement , to provide the Grant Funds in the <br /> amount specified below for the approved project(s) described in the Application . HUD ' s <br /> total funding obligation is $ 99 , 000 for I 1 units of tenant-based rental assistance . <br /> 3 . The term of this Grant Agreement shall be one ( 1 ) year. One -year renewal grants cannot be <br /> extended and unobligated balances will be recaptured by HUD at the end of the grant period . <br /> 4 . Recipient shall receive aggregate amounts of Grant Funds not to exceed the appropriate <br /> existing housing fair market rental value under Sec . 8 (c) ( 1 ) of the United States Housing Act <br /> of 1937 in effect at the time the Application was approved. This fair market rent may be <br /> higher or lower than the fair market rent in effect at the time of application submission . <br /> 5 . The effective date of the Agreement shall be the expiration of the prior grant that is being <br /> renewed (applicable only to renewals of grants whose terms have not been extended) . <br /> + a+��G�MM <br /> o��. .•to tft <br /> ems : <br /> STATE OF FLORIDA g <br /> INDIAN RIVER COUNTY <br /> THIS IS TOCERTIFYTHAT THIS IS <br /> A TRUE AND CORRECT COPY OF ; Q <br /> THE ORI ON FILE I ISOFFIC ,• • '��� ' <br /> �oOO <br /> EY K . A L K `OOo„RNER Cpw,""°" <br /> / l D . C . <br /> JW <br /> DATE _ ( 42 -�•-- <br /> www .hud . gov espanol. hud . gov Page 19 <br />