National Objective Compliance Sample Clauses

National Objective Compliance. All activities funded with CDBG funds must meet one of the H.U.D. Community Development Block Grant Program National Objectives: benefit low- and moderate- income persons; aid in the prevention or elimination of slums or blight; or meet community development needs having a particular urgency, as defined in 24 CFR 570.208. The Subrecipient certifies that the activity (ies) carried out under this Agreement will meet the following H.U.D. National Objective: Aid in the elimination of slums or blight; Meet a community development need of particular urgency, as defined in 24 CFR 570.208 Failure by the Subrecipient to fulfill the national objective may result in grant funds being disallowed and required to be returned to the City/Grantee.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
National Objective Compliance. All activities funded with CDBG funds must meet one of the H.U.D. Community Development Block Grant Program National Objectives: benefit low- and moderate- income persons; aid in the prevention or elimination of slums or blight; or meet community development needs having a particular urgency, as defined in 24 CFR 570.208. The Subrecipient certifies that the activity (ies) carried out under this Agreement will meet the following H.U.D. National Objective: Aid in the elimination of slums or blight; Meet a community development need of particular urgency, as defined in 24 CFR 570.208 Failure by the Subrecipient to fulfill the national objective shall result in grant funds being disallowed and required to be returned to the City/Grantee. 1. Subrecipient shall provide the City/Grantee an Irrevocable Letter of Credit (“ILOC”) in an amount equal to the Community Development Block Grant fund expenditures contemplated under this Agreement, which is One Hundred Twenty Thousand Seven Hundred Twenty-one & 56/100 dollars ($120,721.56), payable to the City to secure Subrecipient’s full and faithful compliance with the Community Development Block Grant Program National Objectives, including but not limited to the compliance requirement that the above-stated H.U.D. National Objective be met via completion of a dwelling or dwellings contemplated under Section C. below, such dwelling(s) to be available for occupation by low- and/or moderate-income person(s) within three years of the date of execution of this Agreement (the “Completion Requirement”). a. In the event the Subrecipient defaults under this paragraph B. by failure of the Completion Requirement, subject to any timeframe adjustments agreed upon in writing by the City/Grantee and the Subrecipient, the City/Grantee may use the ILOC to recover the funds granted to Subrecipient under this Agreement. b. The City/Grantee will provide written notice of such default on the Completion Requirement and intent to recover at Subrecipient’s last known address by first class mail. The Subrecipient may be provided an opportunity to cure such default at the sole discretion of the City/Grantee. c. The ILOC shall be maintained in full force and effect for the duration of this Agreement, or until the Completion Requirement has been met, whichever comes first. d. The form and provisions of the ILOC shall be acceptable to the City/Grantee, in its sole discretion.
Sample 1
National Objective Compliance. All activities funded with CDBG funds must meet one of the HUD CDBG Program National Objectives: benefit low- and moderate-income persons; aid in the prevention or elimination of slums or blight; or meet community development needs having a particular urgency, as defined in 24 CFR 570.208. The Subrecipient certifies that the activity(ies) carried out under this Subrecipient Contract will meet the following HUD National Objective: Benefit low- and moderate-income persons; Aid in the prevention or elimination of slums or blight; Meet community development needs of particular urgency, as defined in 24 CFR 570.208 Failure by the Subrecipient to fulfill the national objective may result in grant funds being disallowed and required to be returned to the City/Grantee. Subrecipient must fulfill the national objective for the “Compliance Period,” which is as follows: Real and personal property under the Subrecipient’s control that was acquired or improved, in whole or in part, with funds under this Subrecipient Contract in excess of Fifteen Thousand dollars ($15,000) shall be used to meet one of the CDBG National Objectives pursuant to 24 CFR 570.208 until thirty (30) years from the end of the CDBG program fiscal year in which funded activities were completed. Real and personal property acquired or improved, in whole or in part, with funds under this Subrecipient Contract between Seven Thousand and One Dollars ($7,001) and Fifteen Thousand dollars ($15,000) shall be used to meet one of the CDBG National Objectives pursuant to 24 CFR 570.208 until ten (10) years from the end of the CDBG program fiscal year in which funded activities were completed. The Compliance Period for any building that is part of the project shall terminate on the date the project is acquired by foreclosure or transferred by a deed or other instrument in lieu of foreclosure unless the Secretary of the Treasury determines that such acquisition is part of an arrangement with Subrecipient a purpose of which is to terminate such Compliance Period. Subrecipient also hereby agrees to enter into an Indenture of Restrictive Covenants (“Indenture”) with the City/Grantee at the time of the entering into this Subrecipient Contract. In this Indenture, Subrecipient agrees to represent, warrant and covenant throughout the term of the Indenture that the land and/or facility purchased or improved with CDBG funds will be used in accordance with Section 42 of the United States Code during the Compliance Period....
Sample 1
National Objective Compliance. 1. All activities funded with CDBG funds must meet one of the HUD CDBG Program National Objectives: benefit low- and moderate-income persons; aid in the prevention or elimination of slums or blight; or meet community development needs having a particular urgency, as defined in 24 CFR 570.208. 2. Subrecipient also hereby agrees to enter into an Indenture of Restrictive Covenants (“Indenture”) with the City/Grantee at the time of the entering into this Subrecipient Contract. In this Indenture, Subrecipient agrees to represent, warrant and covenant throughout the term of the Indenture that the land and/or facility purchased or improved with CDBG funds will be used in accordance with Section 42 of the United States Code during the Compliance Period. Further, Subrecipient agrees that the use of such property may not change from that for which the acquisition was made unless the Owner provides affected citizens with reasonable notice of, and opportunity to comment on, any proposed change, and either (1) the new use of such property qualifies as meeting one of the national objectives in Volume 24 of the Code of Federal Regulations, Section 570.208 (24 CFR 570.208), or (2) if the Owner determines, after consultation with affected citizens, that it is appropriate to change the use of the property to a use that does not qualify under 24 CFR, Section 570.208. After such determination is made, Subrecipient may retain or dispose of the property for the changed use if the CDBG program is reimbursed in the amount of the current fair market value of the property, less any portion of the value attributable to expenditures of non-CDBG funds for acquisition of, and improvements to, the property. 3. Should the City/Grantee approve any transfer in ownership, whether in whole or in part, this “Indenture” shall continue between the City/Grantee and new owner(s) under the terms of Section III.B.2. The new owner(s) and the City/Grantee must sign and file a new Indenture to complete the terms of the original Indenture.
Sample 1
National Objective Compliance. Conduct survey(s) in target area(s), if needed. • Compile census data for target area(s). • Conduct income verification of beneficiaries, if needed.
Sample 1

Related to National Objective Compliance

  • Evaluation Criteria 5.2.1. The responses will be evaluated based on the following: (edit evaluation criteria below as appropriate for your project)

  • Target Population TREATMENT FOR ADULT (TRA) Target Population

  • New Employee Orientation The Union will provide each agency personnel director with the names and addresses of up to two (2) authorized Union representatives per agency to receive notice of each formal orientation meeting held by the Department. The notice will be sent as soon as such meetings are scheduled (but not less than ten (10) days in advance) and will include date, time and location. Due to operational exigencies, agencies may schedule an orientation which will provide the Union with less than the requisite ten (10) days' notice; however the Union shall be notified as soon as possible after the scheduling of the orientation and the Union representative shall be released from duty. Agencies shall routinely schedule orientations in a manner that will allow for the ten (10) day advance notice to the Union. During the formal orientation, the Union will be permitted to give a twenty (20) minute presentation which may include an enrollment in supplemental Union benefits. The parties shall encourage employee attendance, although attendance shall not be mandatory if an employee objects to attending the presentation. In the event a formal orientation meeting is not held, or the Union is unable to attend the formal orientation because the designated Union representatives cannot be released under Article 4, the Employer shall allow the Union representative and the employee(s) to meet during duty hours at a mutually agreed upon time and location for twenty (20) minutes Employee participation in these meetings shall be encouraged although an employee shall not be required to attend such a meeting.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!