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A TRUE COPY CERTIFICATION ON LAST PAGE Applicant : Indian River County Board of Commissioners J . K . BARTON , CLERK 32960 Project : FL-509 - Ren - New Chronics FLO119C4H090802 ( b ) Amount of the grant. The amount of the grant is based on the number and size of units proposed by the applicant to be assisted over the grant period . The grant amount is calculated by multiplying the number of units proposed times the applicable Fair Market Rent ( FMR ) of each unit times the term of the grant. (c) Payment of grant . ( 1 ) The grant amount will be reserved for rental assistance over the grant period . An applicant' s grant request is an estimate of the amount needed for rental assistance . Recipients will make draws from the reserved amount to pay the actual costs of rental assistance for program participants . For TRA , on demonstration of need , up to 25 percent of the total rental assistance awarded may be spent in any one of the five years , or a higher percentage if approved by HUD , where the applicant provides evidence satisfactory to HUD that it is financially committed to providing the housing assistance described in the application for the full five-year period . ( 2 ) A recipient must serve at least as many participants as shown in its application . Where the grant amount reserved for rental assistance over the grant period exceeds the amount that will be needed to pay the actual costs of rental assistance , due to such factor as contract rents being lower than FMRs and participants are being able to pay a portion of the rent , recipients may use the remaining funds for the costs of administering the housing assistance , as described in paragraph (e ) of this section , for damage to property , as described in paragraph (f) of this section , for covering the costs of rent increases , or for serving a great number of participants . ( d ) Vacancies . ( 1 ) If a unit assisted under this part is vacated before the expiration of the occupancy agreement described in Sec . 582 . 315 of this part, the assistance for the unit may continue for a maximum of 30 days from the end of the month in which the unit was vacated , unless occupied by another eligible person . No additional assistance will be paid until the unit is occupied by another eligible person . ( 2 ) As used in this paragraph (d ) , the term "vacate " does not include brief periods of inpatient care , not to exceed 90 days for each occurrence . (e ) Administrative costs . ( 1 ) Up to eight percent of the grant amount may be used to pay the costs of administering the housing assistance . Recipients may contract with another entity approved by HUD to administer the housing assistance . ( 2 ) Eligible administrative activities include processing rental payments to landlords , examining participant income and family composition , providing housing information and assistance , inspecting units for compliance with housing quality standards , and receiving into the program new participants . This administrative allowance does not include the cost of administering the supportive services or the grant (e . g . , costs of preparing the application , reports or audits required by HUD ) , which are not eligible activities under a S + C grant . (f) Property damage . Recipients may use grant funds in an amount up to one month ' s rent to pay for any damage to housing due to the action of a participant. [58 FR 13892 , Mar. 15 , 1993 , as amended at 61 FR 51170 , Sept. 30 , 1996] Sec . 582 . 110 Matching requirements . ( a ) Matching rental assistance with supportive services . Consolidated Grant Agreement Page 10 03/08/2010