N.J. Admin. Code § 5:43-3.10

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:43-3.10 - HOPE VI projects

(a) The Balanced Housing Program may provide assistance to eligible applicants applying on behalf of sponsors developing HOPE VI projects in accordance with Section 24 of the U.S. Housing Act of 1937 ( 42 U.S.C. § 1437v) .

(b) The maximum Balanced Housing subsidy for a HOPE VI project shall be $ 40,000 per unit, for projects awarded by HUD prior to January 1, 2006 or $ 25,000 for those projects awarded by HUD on or after January 1, 2006.

(c) Applicants shall be required to provide a full certified accounting from the relevant housing authority of all HOPE VI funding, commitments, obligations and expenditures.

N.J. Admin. Code § 5:43-3.10

New Rule R.1992 d.144, effective 4/6/1992.
See: 23 N.J.R. 1075(a), 24 N.J.R. 1385(a).
Recodified from 5:14-3.11 and amended by R.1996 d.226, effective 5/20/1996.
See: 28 N.J.R. 6(a), 28 N.J.R. 2573(a).
Former section, "Neighborhood rehabilitation projects", recodified to 5:14-3.9.
Amended by R.1998 d.438, effective 9/8/1998.
See: 30 N.J.R. 1880(a), 30 N.J.R. 3239(b).
In (j), substituted a reference to rehabilitated structures for a reference to repaired structures; and in (k), deleted references to repairs.
Recodified from N.J.A.C. 5:43-3.12 and amended by R.2007 d.202, effective 7/2/2007.
See: 38 N.J.R. 3711(a), 39 N.J.R. 2517(a).
In (b), substituted "$ 40,000" for "$ 10,000" and inserted ", for projects awarded by HUD prior to January 1, 2006 or $ 25,000 for those projects awarded by HUD on or after January 1, 2006"; and added (c).
Former N.J.A.C. 5:43-3.10, Landlord projects, repealed.