Term of Rental Assistance Contract. Citation: 24 CFR 209(e) and 24 CFR 92.64(a) (Insular Areas) Explanation: The HOME regulations at 24 CFR 209(e) state that the term of the rental assistance contract must begin on the first day of the term of the lease. For a rental assistance contract between a PJ and an owner, the term of the contract must terminate upon termination of the lease. For a rental assistance contract between a PJ and a family, the term of the contract is not required to terminate upon the termination of the lease, but no payments may be made after lease termination until the family executes a new lease. The HOME regulations at 24 CFR 92.64(a) apply these requirements to Insular Areas. This waiver eliminates the requirement that the rental assistance contract must begin on the first day of the term of lease.
Term of Rental Assistance Contract. The term of the rental assistance contract providing assistance with HOME funds may not exceed 12 months, but may be renewed, subject to the availability of HOME funds. The term of the rental assistance contract must begin on the first day of the term of the lease. For a rental assistance contract between the Subrecipient and the owner, the term of the contract must terminate on termination of the lease.
Term of Rental Assistance Contract. The term of the rental assistance contract providing assistance with HOME funds may not exceed 24 months, but it may be renewed, subject to the availability of HOME funds. The term of the rental assistance contract must begin on the first day of the term of the lease for households signing a new lease. The term of the rental assistance contract must begin on the first day of the term of the TBRA Lease Addendum for households already entered in active lease agreements. For a rental assistance contract between the Recipient and an owner, the term of the contract must terminate on termination of the lease. For a rental assistance contract between the Recipient and a family, the term of the contract need not end on termination of the lease, but no payments may be made after termination of the lease until a family enters into a new lease.
Term of Rental Assistance Contract. The term of the rental assistance contract providing assistance with HOME funds may not exceed 24 months, but may be renewed, subject to the availability of HOME funds. The term of the rental assistance contract must begin on the first day of the term of the lease. For a rental assistance contract between the Recipient and an owner, the term of the contract must terminate on termination of the lease. For a rental assistance contract between the Recipient and a family, the term of the contract need not end on termination of the lease, but no payments may be made after termination of the lease until a family enters into a new lease.
