Laserfiche WebLink
Applicant: Indian River County Board of Commissioners <br />Project: FL -509 - Ren - New Horizons 1 <br />EXHIBIT 2 <br />TENANT -BASED RENTAL ASSISTANCE (TRA) <br />1. The Recipient is Indian River County Board of County <br />Commissioners. <br />32960 <br />FL0120C41-1090802 <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 $172,596 <br />for 19 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 06/27/2010. <br />Consolidated Grant Agreement Page 22 03/08/2010 <br />