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Applicant: Indian River County Board of Commissioners <br />Project: FL -509 - Ren - New Horizons 1 <br />32960 <br />FL0120C4H090802 <br />(b) Amount of the grant. The amount of the grant is based on the number and size of units <br />proposed by the applicant to be assisted over the grant period. The grant amount is calculated <br />by multiplying the number of units proposed times the applicable Fair Market Rent (FMR) of <br />each unit times the term of the grant. <br />(c) Payment of grant. (1) The grant amount will be reserved for rental assistance over the <br />grant period. An applicant's grant request is an estimate of the amount needed for rental <br />assistance. Recipients will make draws from the reserved amount to pay the actual costs of <br />rental assistance for program participants. For TRA, on demonstration of need, up to 25 percent <br />of the total rental assistance awarded may be spent in any one of the five years, or a higher <br />percentage if approved by HUD, where the applicant provides evidence satisfactory to HUD that <br />it is financially committed to providing the housing assistance described in the application for the <br />full five-year period. <br />(2) A recipient must serve at least as many participants as shown in its application. Where <br />the grant amount reserved for rental assistance over the grant period exceeds the amount that <br />will be needed to pay the actual costs of rental assistance, due to such factor as contract rents <br />being lower than FMRs and participants are being able to pay a portion of the rent, recipients <br />may use the remaining funds for the costs of administering the housing assistance, as described <br />in paragraph (e) of this section, for damage to property, as described in paragraph (f) of this <br />section, for covering the costs of rent increases, or for serving a great number of participants. <br />(d) Vacancies. (1) If a unit assisted under this part is vacated before the expiration of the <br />occupancy agreement described in Sec. 582.315 of this part, the assistance for the unit may <br />continue for a maximum of 30 days from the end of the month in which the unit was vacated, <br />unless occupied by another eligible person. No additional assistance will be paid until the unit is <br />occupied by another eligible person. <br />(2) As used in this paragraph (d), the term "vacate" does not include brief periods of inpatient <br />care, not to exceed 90 days for each occurrence. <br />(e) Administrative costs. (1) Up to eight percent of the grant amount may be used to pay the <br />costs of administering the housing assistance. Recipients may contract with another entity <br />approved by HUD to administer the housing assistance. <br />(2) Eligible administrative activities include processing rental payments to landlords, <br />examining participant income and family composition, providing housing information and <br />assistance, inspecting units for compliance with housing quality standards, and receiving into the <br />program new participants. This administrative allowance does not include the cost of <br />administering the supportive services or the grant (e.g., costs of preparing the application, <br />reports or audits required by HUD), which are not eligible activities under a S+C grant. <br />(f) Property damage. Recipients may use grant funds in an amount up to one month's rent to <br />pay for any damage to housing due to the action of a participant. <br />[58 FR 13892, Mar. 15, 1993, as amended at 61 FR 51170, Sept. 30, 1996] <br />Sec. 582.110 Matching requirements. <br />(a) Matching rental assistance with supportive services. <br />Consolidated Grant Agreement Page 10 1 03/08/2010 <br />
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