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o i j <br /> Applicant : Indian River County Board of Commissioners 32960 <br /> Project : FL-509 - Ren - Alcohope Renewal FL0114C41-1090802 <br /> EXHIBIT 2 <br /> TENANT-BASED RENTAL ASSISTANCE (TRA) <br /> 1 . The Recipient is Indian River County Board of County <br /> Commissioners . <br /> 2 . HUD agrees , subject to the terms of the Agreement , to provide the <br /> Grant Funds in the amount specified below for the approved project ( s ) <br /> described in the Application . HUD ' s total funding obligation is $ 77 , 688 for <br /> 8 units of tenant -based rental assistance . <br /> 3 . The term of this Grant Agreement shall be one ( 1 ) year. One -year <br /> renewal grants cannot be extended and unobligated balances will be <br /> recaptured by HUD at the end of the grant period . <br /> 4 . Recipient shall receive aggregate amounts of Grant Funds not to <br /> exceed the appropriate existing housing fair market rental value under <br /> Sec . 8 ( c) ( 1 ) of the United States Housing Act of 1937 in effect at the time <br /> the Application was approved . This fair market rent may be higher or <br /> lower than the fair market rent in effect at the time of application <br /> submission . <br /> 5 . The effective date of the Agreement shall be 04/01 /201G . ' 'loot , i - <br /> :•:TA:' E: CiF FLORIDA•' <br /> INDIAN RIVER :CO.LINTY <br /> THIS IS TO "CERTIFY'THAT THIS IS <br /> A TRL,.E AND CO.RREGT COPY OF <br /> 'r4E.ORIGINAL�ON' FILE IN THIS <br /> :O FFICE' <br /> JEF Fy 1EY�K . , I3 N , CLERK <br /> EsY � D . C . <br /> t too <br /> y� <br /> �V ATE �t , , �C V <br /> Consolidated Grant Agreement Page 22 03/08/2010 <br />