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: Benefit low- and/or moderate-income persons; 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.
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....
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 shall be used to meet one of the CDBG National Objectives pursuant to 24 CFR 570.208 until twenty (20) years from the end of the CDBG program fiscal year in which funded activities were completed. Subrecipient hereby agrees to enter into a Promissory Note attached hereto as Exhibit D and incorporated herein. Subrecipient hereby agrees to enter into a Mortgage attached hereto as Exhibit E and incorporated herein. 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 Subrecipient receives written approval from the CDBG Program Division Manager for the City of Rapid City and 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...
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.
