Spending Categories Sample Clauses
The "Spending Categories" clause defines and organizes the different types of expenditures that are permitted or recognized under an agreement. It typically outlines specific categories such as travel, materials, labor, or administrative costs, and may set limits or conditions for each category. By clearly delineating what types of spending are allowed and how funds should be allocated, this clause helps ensure transparency, proper budgeting, and accountability in the use of resources.
Spending Categories. Housing responses may vary depending upon market conditions and housing needs. Investments that flow under this Framework will support housing responses in one of the following areas of action:
Spending Categories. 4.1 CMHC Funding and Contributions by Others must be used in accordance with at least one of the following four spending categories in order to be recognized:
1. Increase the supply of Affordable Housing: This may include new construction of or conversion to Affordable Housing, and homeownership or rental, all targeted to households in need.
2. Improve Housing affordability for vulnerable households: This may include rent supplements or shelter allowances to address Affordable Housing needs, and homeownership assistance, all targeted to households in need.
3. Improve and preserve the quality of Affordable Housing: This may include renovation, rehabilitation and repair of existing Affordable Housing for households in need.
4. ▇▇▇▇▇▇ safe independent living: This may include support for new construction of, and modifications and renovations to Affordable Housing, that provide accommodations for victims of family violence or extend independent living for households in need being seniors and persons with disabilities.
4.2 Notwithstanding anything in this Agreement, CMHC Funding and Contributions by Others must not be used
(a) in respect of Housing for which there was on October 1, 2010, or is at the time of Commitment under this Agreement, an arrangement directly with CMHC relating to financing, operation or occupancy; nor
(b) in respect of Housing that was on October 1, 2010, or is at the time of Commitment under this Agreement, subject to any arrangements under any agreement between CMHC and New Brunswick or NBHC. The above exclusions do not apply when, due to the passage of time, without intervention, the Housing is no longer within sub-paragraph (a) nor sub-paragraph (b).
Spending Categories. The Annual Spending Plan shall include the following categories:
(a) the funding levels for each approved Ecosystem Profile, together with a description of the types of Subprojects and activities to be financed at the programmatic level, based on the funding strategy in the Ecosystem Profile, and including a budget for RITs;
(b) a Preparation Budget for new Ecosystem Profiles to be prepared during the period of the Annual Spending Plan;
(c) the Operational Budget; and
(d) a management fee for the categories referred to in (c) above calculated on the basis of CI’s audited annual rates (indirect costs) for the previous year.
Spending Categories. 4.1 CMHC Funding and Contributions by Others must be used in accordance with at least one of the following four spending categories in order to be recognized:
1. Increase the supply of Affordable Housing: Initiatives may include new construction or conversion, and homeownership or rental, all targeted to households in need.
2. Improve access to Affordable Housing for vulnerable households: Initiatives may include rent supplements, shelter allowances, and homeownership assistance, all targeted to households in need.
3. Improve and preserve the quality of Affordable Housing: Initiatives may include renovation, rehabilitation and repair of existing Affordable Housing to improve and preserve the quality of Affordable Housing for households in need (excluding existing social housing stock under Nova Scotia-Canada long-term agreements).
4. ▇▇▇▇▇▇ safe independent living: Initiatives may include Affordable Housing construction, modifications and renovations, that extend independent living for households in need being seniors and persons with disabilities. Initiatives may also include accommodations for victims of family violence.
4.2 Notwithstanding anything in this Agreement, CMHC Funding and Contributions by Others must not be used
(a) in respect of Housing for which there was on October 1, 2010, or is at the time of Commitment under this Agreement, an arrangement directly with CMHC relating to financing, operation or occupancy; nor
(b) in respect of Housing that was on October 1, 2010, or is at the time of Commitment under this Agreement, subject to any arrangements under any agreement between CMHC and Nova Scotia or NSHDC. The above exclusions do not apply when, due to the passage of time, without intervention, the Housing is no longer within sub-paragraph (a) nor sub-paragraph (b).