National Objective definition

National Objective means the specific goals and purposes of this project set forth in Attachment A of the Grant Agreement.

National Objective means those objectives approved by HUD and listed in §3.2 of this Exhibit B.

National Objective means Program funds expended for eligible Program Activities that 100% benefit low-income household occupants by housing individuals or families whose incomes do not exceed 120 percent of area median income.

Examples of National Objective in a sentence

• If the Subrecipient fails to use CDBG-assisted real property in a manner that meets a CDBG National Objective for the prescribed period of time, the Subrecipient shall pay the Grantee an amount equal to the current fair market value of the property less any portion of the value attributable to expenditures of non-CDBG funds for acquisition of, or improvement to, the property.

• If SUBRECIPIENT fails to use CDBG-assisted real property in a manner that meets a CDBG National Objective for the prescribed period of time, SUBRECIPIENT shall pay the CITY an amount equal to the current fair market value of the property less any portion of the value attributable to expenditures of non-CDBG funds for acquisition of, or improvement to, the property.

• In determining CDBG National Objective compliance with jobs created or retained only Permanent jobs may be counted; temporary jobs may not.

• Monitoring shall address program compliance with contract provisions, including to but not limited to eligible activity, eligible costs, meeting a National Objective.

• If the Recipient fails to use CDBG-assisted real property in a manner that meets a CDBG National Objective for the prescribed period of time, the Recipient shall pay the Grantee an amount equal to the current fair market value of the property less any portion of the value attributable to expenditures of non-CDBG funds for acquisition of, or improvement to, the property.

• Applicants must demonstrate that the project meets the National Objective of 1) benefiting 51% or greater low/moderate income persons or 2) preventing or eliminating slum or blighting conditions.

• For the purposes of the NDR grant, General Administration and Planning Activities are assumed to meet a CDBG National Objective.

• National Objective standards are found under Title I of the Housing and Community Development Act of 1974, Section 104(b)(3), as amended and 24 CFR Part 570.483.

• The Subrecipient certifies that the activity (ies) carried out under this Agreement will meet the National Objective of Low- and Moderate-income persons, LMC- presume benefit in accordance with CFR 570.208 (A).

• The SUBRECIPIENT shall refund to the COUNTY any funds received for an activity if the activity does not meet an approved National Objective in accordance with 24 CFR 570.208 and the terms of this Agreement.

More Definitions of National Objective

National Objective. All CDBG funded activities shall meet a CDBG national objective as defined by HUD regulation 24 CFR 570.200. Failure to meet a national objective shall require immediate repayment of all funds to the City of Columbia.

National Objective means in Phase One construction of water, wastewater and road and stormwater infrastructure to serve six (6) affordable homeownership units, and Phase Two will contribute to the construction of twenty-eight (28) low and moderate income rental units as described in Attachment A to the VCDP Grant Agreement.

National Objective means the specific goals and purposes of this project set forth in Attachment B of the Grant Agreement, which must address the purposes set forth in Title I, section 101(c) of the Federal Housing and Community Development Act, 42 U.S.C. sections 5301 et seq., and conform to procedures set forth in federal regulations at 24 C.F.R. section 570.483.