HOME Funds definition

HOME Funds has the meaning set forth in Paragraph B of the Recitals.

HOME Funds means Home Investment Partnerships Act funds provided from HUD to the County pursuant to the Xxxxxxxx-Xxxxxxxx National Housing Act of 1990, which must be used in accordance with 24 C.F.R. Part 92.

HOME Funds. HOME funds are available to the City pursuant to HOME Investment Partnership Agreement between the City and the U.S. Department of Housing and Urban Development.

Examples of HOME Funds in a sentence

• The use of the HOME Funds shall be subject to all restrictions and limitations set forth in this Agreement.

• All HOME Funds are subject to repayment in the event the use does not meet the requirements as outlined in this Agreement or in the SHLP Program Participation Guidelines.

• The Member will cause the home buyer(s) to execute a promissory note and deed of trust for the full amount of the mortgage (this amount will include the HOME Funds in the form of the “participation loan” provided by the Agency).

• None of the HOME Funds provided under the Program shall be used for any political activity or for any candidate for public office.

• Written Agreement with Eligible Homebuyers - The Member will execute a HOME Written Agreement through an Agency-supplied form with each homebuyer household assisted with SHLP financing prior to providing HOME Funds to that household (see 24 CFR 92.504).

More Definitions of HOME Funds

HOME Funds means funds derived from the federal grants to the City of Charlotte under HOME, including program income as defined in HUD regulations for HOME.

HOME Funds means those federal funds made available under the HOME Program.

HOME Funds. The funding made available under the HOME Investment Partnerships Program, plus all repayments and interest or other return on the investment of these funds.

HOME Funds has the meaning set forth in Paragraph B of the

HOME Funds mean the HOME funds administered by ADFA as a participating jurisdiction under the HOME Program which have been allocated to the Project.

HOME Funds means all appropriations for the HOME Program, plus all repayments and interest or other returns on the investment of these funds.

HOME Funds the total amount of HOME Program dollars being distributed by the Lead Agency to the Subrecipient under this Agreement.