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;TATE OF FLORIDA <br /> INDIAN RIVER COUNTY <br /> �r THIS IS TO CERTIFY THAT THiS ISA TRUE AND CORRECT <br /> EXHIBIT 2 COPYOFTFIEOJEW�K BBART OFFICE <br /> D1 D.G <br /> TENANT - BASED RENTAL ASSISTANCE (TRA� y ��a - � _o <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 5171 , 000 for 19 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 /> i,"inAT.hud. gov espanol .hud. gov Page 19 <br />