Common use of Predevelopment Funds Clause in Contracts

Predevelopment Funds. Upon review and approval of the HOPE VI Budget, as described in Article VII(C)(1), HUD will make the approved predevelopment funds available to the Grantee for drawdown in LOCCS. The Grantee will ensure that the funds are expended in conformance with the HUD-approved Predevelopment Budget.

Appears in 8 contracts

Samples: Hope Vi Revitalization Grant Agreement, Hope Vi Revitalization Grant Agreement, Hope Vi Revitalization Grant Agreement

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Predevelopment Funds. Upon review and approval of the Overall HOPE VI Budget, as described in Article VII(C)(1), HUD will make the approved predevelopment funds available to the Grantee for drawdown in LOCCSdrawdown. The Grantee will ensure that the funds are expended in conformance with the HUD-HUD- approved Predevelopment Budget.

Appears in 1 contract

Samples: Grant Agreement

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