Establishment of CRF Trust Fund. Subrecipient must establish and maintain a CRF trust fund or a pooled account where CRF funds are clearly designated.
Establishment of CRF Trust Fund. Sub-Grantee must establish and maintain a CRF trust fund or a pooled account where CRF funds are clearly designated. Expenditure of Funds by Sub-Grantee: CRF funds shall be Expended by Sub-Grantee for the following: Direct CRF Administrative Expenditures and Project Delivery Costs incurred on or after March 1, 2020 in an amount no more than a cumulative ___________ percent of CRF funds incurred by Sub-Grantee, a consultant to Sub-Grantee, and/or a Sponsor. CRF funds shall not be used to pay for Administrative Expenditures and Project Delivery Costs incurred prior to March 1, 2020. Housing counseling services, direct rental assistance, relocation costs and awards to assist Eligible Housing for Eligible Persons or Households or Eligible Sponsors. CRF funds may be used for the following pre-approved program purposes or activities: Rental assistance payments (including back rent, deposits and utility payments); Mortgage payments and buydowns; Emergency repair of housing; Assistance to homeowners to pay insurance deductibles; Housing re-entry assistance, such as security deposits, utility deposits, and temporary storage of household furnishings; Foreclosure or eviction prevention, including mortgage payments, monthly rent and associated fees; and Homeownership, foreclosure and eviction prevention counseling. All other activities must be presented in writing to the City/County and approved in writing prior to implementation.
