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0 r <br /> Applicant : Indian River County Board of Commissioners 32960 <br /> Project : FL-509 - Ren - New Chronics FL0119C41-1090802 <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 $ 118 , 092 <br /> for 13 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 06/22/2010 , <br /> i6`L trLORIDA „ �r <br /> I 't")70• CERTIFY THAT"THIS IS <br /> TQ) if AND CORRECT GORY OF <br /> 4.IE4Yft . INAL ON FILE IMTHI:S <br /> WJR YAK BAR CLERK <br /> iN = _ 0 , C . <br /> q <br /> J ' y „ • t <br /> Consolidated Grant Agreement Page 22 03/08/2010 <br />