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EXHIBIT 2 <br /> TENANT-BASED RENTAL ASSISTANCE (TRA) <br /> 1 . HUD agrees, subject to the terms of the Agreement, to provide the Grant <br /> Funds in the amount specified below for the approved project(s) described <br /> in the Application . HUD's total funding obligation is $ 110,808 for 19 one <br /> bedroom units of tenant-based rental assistance . <br /> 2 . The term of this Grant Agreement shall be one ( 1 ) year. One-year renewal <br /> grants cannot be extended and unobligated balances will be recaptured by <br /> HUD at the end of the grant period . <br /> 3 . Recipient shall receive aggregate amounts of Grant Funds not to exceed the <br /> appropriate existing housing fair market rental value under Sec. 8(c)( 1 ) of <br /> the United States Housing Act of 1937 in effect at the time the Application <br /> was approved . This fair market rent may be higher or lower than the fair <br /> market rent in effect at the time of application submission . <br /> 4. HUD and the Recipient entered into (insert the number) grant agreements <br /> that are herein being consolidated into one grant with the renewal grant. <br /> The grants numbers and amount of funds being transferred into this <br /> Agreement are : <br /> Grant Number $ <br /> Grant Number $ <br />