projects is made by the State Liaison Officer of each State who is responsible for the administration of the 15.916 program in his State. HOME Investment Partnerships Program 257 Formula Grants. USES AND USE RESTRICTIONS: For use by participating jurisdictions or Insular Areas for housing rehabilitation, tenant-based rental assistance, assistance to homebuyers, acquisition of housing and new construction of housing. Funding may also be used for other necessary and reasonable activities related to the development of non-luxury housing, such as site acquisition, site improvements, demolition and relocation. Ten percent of a participating jurisdiction's allocation may be used for administrative costs. Funds may not be used for public housing modernization, matching funds for other Federal programs, reserve accounts or operating subsidies for rental housing, Annual Contributions Contracts, or activities under the Low Income Housing Preservation Act except for priority purchasers. ELIGIBILITY REQUIREMENTS: Applicant Eligibility: States, cities, urban counties, and consortia (of contiguous units of general local governments with a binding agreement) are eligible to receive formula allocations; funds are also set aside for grants to Insular Areas. Beneficiary Eligibility: For rental housing, at least 90 percent of HOME funds must benefit low and very low income families at 60 percent of the
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