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AG 2010 10 18
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AG 2010 10 18
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Last modified
11/15/2011 8:59:39 AM
Creation date
11/27/2017 11:23:37 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/14/2010
Board
Board of Commissioners
Meeting Type
Regular
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the Agency will forfeit a percentage of their ad ministratio� t#�eoHOM' funds a ained use by the <br />Agency for administration costs will be six percent (6 /0) o <br />member agency. No administration costs wail b Ve fun will be by the lead agency (the <br />the CHDO. The forfeited portion of administra <br />City) to offset administration costs. <br />g The Agency may use their allocation of HOME Program administrative funds to pay for costs <br />oversight, coordination and general management of HOME project(s); (b) staff and <br />relating to (a) B (d) cost of fair housing; and (e) costs of complying <br />overhead costs; (c) public information costs, <br />with Federal requirements, per 24 CFR 92.207. Program administration and chdules forensu ensuring compliance <br />to, the following types of assignments. Developing systems <br />with program ; developing agreements with entities receiving HOME funds; <br />monitoring HOME- assisted housing for progress and he m alg with <br />am and projects; providing local <br />preparing reports and other documents related to p program budgets and <br />officials and citizens with information about the ac Ivi ta wre n ompliance with program <br />schedules, outreach activities; mon p arsons <br />requirements; coordi� i are the findings; pogam Alsogincclded supervising <br />travel costs <br />whose primary responsibilities <br />Incurred for business in carrying out the programo m stervices) services <br />and other costs for goods third <br />party contracts or agreements (such as legal or <br />services required for administration of the program, <br />for project-related soft costs, which are. costs <br />6. The Agency may use HOME program funds to pay p j <br />related to the development or financing of HOME- assisted housing. These costs must be rea o new <br />and necessary costs that are assn s of assisted with HOME funds These h soft costs <br />construction, rehabilitation or acquisition <br />must be consistent with the requirements <br />ated soft cat s exeeed tten pe rce (10%) of the Agency's <br />However, In no event will the p j e <br />total HOME funds Identified In Attachment B of this agreement. <br />Project related soft costs include such things as work specification preparation; loan processing; <br />construction inspections and oversight; professional services required to prepare plans, drawings, <br />for a project, such as a <br />or specifications of a project; costs to procesQQ5 f s e t tle the fina dation and filing or legal <br />private lender origination fees, credit reports, f reco <br />documents, building permits, attorney`s fees, private appraisal fees, fees for independent cost <br />estimates, builders or developers fees, and impact fees that are charged for all projects within a <br />jurisdiction; pre - purchase homebuyer counseling for aHOME- assisted homebuyer; and, costs <br />associated with a project - specific environmental review. <br />7. The Agency shalt certify the match requirement of 24 <br />al funds in the um of not less 92 .218-222, than twenty -five percent applicable, l <br />of project <br />adhered to, and that non <br />costs shall be expended. The Agency shall expend non - federal funds as matching contribution in an <br />amount not less than twenty -five percent (2596) of the total HOME funds requested for each eligible <br />dwelling unit. oc Certification e ed to the lead entity expenditures <br />no less than quarterly. This procedure a will be followed <br />i <br />owed <br />unit basis and document <br />until the total amount of hatch funds has been met. <br />if the Agency has excess match they may elect to contribute such excess to another Consortium <br />member's match liability. Tile contribution must be from nonfederal sources and permanent In <br />Attachment number 2 <br />0 <br />F_7 Page 131 <br />
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