SECTION .0700 ‑ HOUSING PROJECT CATEGORY
04 NCAC 19S .0701 DEFINITION
The Housing Development Project category is designed to direct HOME funds to assist housing projects being carried out by units of general local government and private non‑profit housing development organizations. All eligible HOME program activities may be undertaken under this category.
(1) Applications for funding must be designed to address specific projects that could begin within six months of the project award date and could reasonably be completed within a 24 month period or less from the date of award.
(2) Housing Development Project funds shall be distributed to eligible applicants on a competitive basis.
History Note: Authority G.S. 143B‑10; 143B‑431; 24 C.F.R. Part 92;
Eff. November 2, 1992.