Laserfiche WebLink
The Recipient must provide a 25 percent cash match for supportive services . <br /> The Recipient agrees to comply with all requirements of this Grant Agreement and to <br /> accept responsibility for such compliance by any entities to which it makes grant funds available . <br /> The Recipient agrees to participate in a local Homeless Management Information System <br /> (HMIS) when implemented . <br /> The Recipient and project sponsor, if any, will not knowingly allow illegal activities in <br /> any unit assisted with grant funds . <br /> The Recipient agrees to draw grant funds at least quarterly . <br /> For any project funded by this grant, which is also financed through the use of the Low <br /> Income Housing Tax Credit, the following applies : <br /> HUD recognizes that the Recipient or the project sponsor will or has financed this project <br /> through the use of the Low- Income Housing Tax Credit . The Recipient or project <br /> sponsor shall be the general partner of a limited partnership formed for that purpose . If <br /> grant funds were used for acquisition , rehabilitation or construction , then , throughout a <br /> period of twenty years from the date of initial occupancy or the initial service provision , <br /> the Recipient or project sponsor shall continue as general partner and shall ensure that the <br /> project is operated in accordance with the requirements of this Grant Agreement, the <br /> applicable regulations and statutes . Further, the said limited partnership shall own the <br /> project site throughout that twenty -year period . If grant funds were not used for <br /> acquisition , rehabilitation or new construction , then the period shall not be twenty years, <br /> but shall be for the term of the grant agreement and any renewal thereof. Failure to <br /> comply with the terms of this paragraph shall constitute a default under the Grant <br /> Agreement . <br /> A default shall consist of any use of grant funds for a purpose other than as authorized by <br /> this Grant Agreement, failure in the Recipient ' s duty to provide the supportive housing for the <br /> minimum term in accordance with the requirements of the Attachment A provisions, <br /> noncompliance with the Act or Attachment B provisions, any other material breach of the Grant <br /> Agreement, or misrepresentations in the application submissions which , if known by HUD , would <br /> have resulted in this grant not being provided . Upon due notice to the Recipient of the occurrence <br /> of any such default and the provision of a reasonable opportunity to respond , HUD may take one <br /> or more of the following actions : <br /> (a) direct the Recipient to submit progress schedules for completing approved <br /> activities ; or <br /> ( b) issue a letter of warning advising the Recipient of the default, establishing a date by <br /> which corrective actions must be completed and putting the Recipient on notice that <br /> more serious actions will be taken if the default is not corrected or is repeated ; or <br /> (c) direct the Recipient to establish and maintain a management plan that assigns <br /> responsibilities for carrying out remedial actions ; or <br /> (d) direct the Recipient to suspend , discontinue or not incur costs for the affected <br /> activity ; or <br /> www.hud .gov espanol .hud .gov Page 2 <br />