Rule 122:6-1-04 | Fund limitations.
(A) Each eligible applicant receiving a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies for activities that provide, or assist in providing, rental housing shall reasonably ensure that the rental housing will be affordable to those families and individuals targeted for the rental housing for the useful life of the rental housing project or for thirty years, whichever is longer;
(B) Each eligible applicant receiving a grant, loan, loan guarantee or loan subsidy made from the housing trust fund for activities that will provide, or assist in providing, housing shall prepare and implement a plan to reasonably assist any families and individuals displaced by an applicant's project funded under the housing programs in obtaining decent affordable housing.
(C) Each eligible applicant receiving a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies shall certify, using forms prescribed by the administering body, compliance with all applicable state and federal laws, including, but not limited to, fair housing and anti-discrimination statutes.
Supplemental Information