04 NCAC 19S .0402           SIZE AND USE OF HOME AWARDS MADE TO RECIPIENTS

(a)  There is no minimum amount which applicants may request or be awarded.  Awards made to any one recipient shall not exceed the following amount in each category:

(1)           Housing Project Category Unlimited;

(2)           Consortia Category ‑ One Million Dollars ($1,000,000);

(3)           Community Housing Development Organization Category Unlimited.

(b)  Awards to specific recipients will be provided in amounts commensurate with the size of the applicant's program.  In determining appropriate amounts, the Department may consider an applicant's need, proposed activities, and ability to carry out the proposed activities.

 

History Note:        Authority G.S. 143B‑10; 143B‑431; 24 C.F.R. Part 92;

Eff. November 2, 1992.