Legislation

Search OpenLegislation Statutes
This entry was published on 2018-04-20
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1272
Access to home for heroes contracts
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 30
§ 1272. Access to home for heroes contracts. 1. Within the limit of
funds available in the access to home for heroes program, the
corporation is hereby authorized to enter into contracts with eligible
applicants to provide financial assistance for the actual costs of an
access to home for heroes program. The financial assistance shall be in
the form of grants. No more than fifty percent of the total amount
awarded pursuant to this article in any fiscal year shall be allocated
to access to home programs located within any single municipality.

2. The total payment pursuant to any one contract shall not exceed
five hundred thousand dollars and the contract shall provide for
completion of the program within a reasonable period, as specified
therein, which shall not in any event exceed three years from its
commencement. Upon request, the corporation may extend the term of the
contract for up to two additional one year periods for good cause shown
by the eligible applicant.

3. The corporation shall authorize the eligible applicant to spend
seven and one-half percent of the contract amount for approved
administrative costs associated with administering the program.

4. The corporation shall require that, in order to receive funds
pursuant to this article, the eligible applicant shall submit a plan
which shall include, but not be limited to, program feasibility, impact
on the community, budget for expenditure of program funds, a schedule
for completion of the program, affirmative action and minority business
participation.