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EXHIBIT 2 <br /> TENANT- BASED RENTAL ASSISTANCE ( TRA ) <br /> 1 . The Recipient is Boley Centers , Inc . . <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 $ 652 , 632 for 71 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 See . 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 /> 6 . HUD and the Recipient entered into grant agreements that are herein being consolidated into <br /> one grant with the renewal grant . The grants numbers and amount of funds being transferred <br /> into this Agreement are : <br /> Empty Report <br /> www , hud. gov cspanol . hud. gov Pige 24 <br />