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Applicant: Indian River County Board of Commissioners <br />Project: FL -509 - Ren - New Horizons 1 <br />32960 <br />FL0120C4H090802 <br />(a) Tenant -based rental assistance (TRA). Tenant -based rental assistance provides grants <br />for rental assistance which permit participants to choose housing of an appropriate size in which <br />to reside. Participants retain the rental assistance if they move. Where necessary to facilitate <br />the coordination of supportive services, grant recipients may require participants to live in a <br />specific area for their entire period of participation or in a specific structure for the first year and <br />in a specific area for the remainder of their period of participation. Recipients may not define the <br />area in a way that violates the Fair Housing Act or the Rehabilitation Act of 1973. The term of <br />the grant between HUD and the grant recipient for TRA is five years. <br />(b) Project -based rental assistance (PRA). Project -based rental assistance provides grants <br />for rental assistance to the owner of an existing structure, where the owner agrees to lease the <br />subsidized units to participants. Participants do not retain rental assistance if they move. Rental <br />subsidies are provided to the owner for a period of either five or ten years. To qualify for ten <br />years of rental subsidies, the owner must complete at least $3,000 of eligible rehabilitation for <br />each unit (including the unit's prorated share of work to be accomplished on common areas or <br />systems), to make the structure decent, safe and sanitary. This rehabilitation must be completed <br />with in 12 months of the grant award. <br />(c) Sponsor -based rental assistance (SRA). Sponsor -based rental assistance provides grants <br />for rental assistance through contracts between the grant recipient and sponsor organizations. A <br />sponsor may be a private, nonprofit organization or a community mental health agency <br />established as a public nonprofit organization. Participants reside in housing owned or leased <br />by the sponsor. The term of the grant between HUD and the grant recipient for SRA is five years. <br />(d) Moderate rehabilitation for single room occupancy dwellings (SRO). (1) The SRO <br />component provides grants for rental assistance in connection with the moderate rehabilitation of <br />single room occupancy housing units. Resources to initially fund the cost of rehabilitating the <br />dwellings must be obtained from other sources. However, the rental assistance covers operating <br />expenses of the rehabilitated SRO units occupied by homeless persons, including debt service <br />to retire the cost of the moderate rehabilitation over a ten-year period. <br />(2) SRO housing must be in need of moderate rehabilitation and must meet the requirements <br />of 24 CFR 882.803(a). Costs associated with rehabilitation of common areas may be included in <br />the calculation of the cost for assisted units based on the proportion of the number of units to be <br />assisted under this part to the total number of units. <br />(3) SRO assistance may also be used for efficiency units selected for rehabilitation under this <br />program, but the gross rent (contract rent plus any utility allowance) for those units will be no <br />higher than for SRO units (i.e., 75 percent of the 0 -bedroom Moderate Rehabilitation Fair Market <br />Rent). <br />(4) The requirements regarding maintenance, operation, and inspections described in 24 <br />CFR 882.806(b)(4) and 882.808(n) must be met. <br />(5) Governing regulations. Except where there is a conflict with any requirement under this <br />part or where specifically provided, the SRO component will be governed by the regulations set <br />forth in 24 CFR part 882, subpart H. <br />Sec. 582.105 Rental assistance amounts and payments. <br />(a) Eligible activity. S+C grants may be used for providing rental assistance for housing <br />occupied by participants in the program and administrative costs as provided for in paragraph (e) <br />of this section, except that the housing may not be currently receiving Federal funding for rental <br />assistance or operating costs under other HUD programs. Recipients may design a housing <br />program that includes a range of housing types with differing levels of supportive services. <br />Rental assistance may include security deposits on units in an amount up to one month's rent. <br />Consolidated Grant Agreement Page 9 03/08/2010 <br />