Common Contracts
1 similar Housing and Urban Development contracts
ContractHousing and Urban Development • December 15th, 2015
The purpose of this letter is to direct GMF – Jacksonville Pool, LLC (“GMF”) to take certain action regarding federally funded properties. The Eureka Garden Apartments, a GMF property, has been in poor physical condition since the assignment of the Housing Assistance Payment (“HAP”) Contract to you on December 12, 2012. HUD informed you on December 10, 2015 that GMF is in default of the HAP for Eureka Garden Apartments. HUD now directs you to take no further distributions from Eureka Garden Apartments until such time as GMF has restored the property to decent, safe, and sanitary conditions as determined by a HUD inspection of the property. HUD also directs you to return any and all distributions taken by GMF from December 12, 2012 to date.
