Rental Assistance Payments on Behalf of Families. (1) Rental Assistance Payments shall be paid to the Owner for Assisted Units under lease for occupancy by Eligible Families in accordance with the Contract as attached in Exhibit 1, Part I of the RAC. The Rental Assistance Payments will cover the difference between the Contract Rent and that portion of the rent payable by the Eligible Family as determined in accordance 24 CFR part 5 and other applicable administrative and regulatory requirements.
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Samples: Cooperative Agreement, ohiohome.org, Cooperative Agreement
Rental Assistance Payments on Behalf of Families. (1) Rental Assistance Payments shall be paid to the Owner for Assisted Units under lease for occupancy by Eligible Families in accordance with the Contract as attached in Exhibit 1, Part I of the RAC. The Rental Assistance Payments will cover the difference between the Contract Rent and that portion of the rent payable by the Eligible Family as determined in accordance 24 CFR part C.F.R. Part 5 and other applicable administrative and regulatory requirements.
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Samples: www.nhhfa.org