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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) HUD will invite applications through Federal Register publication of a Notice of Funding Availability (NOFA), in accordance with section 102 of the Department of Housing and Urban Development Reform Act of 1989 (42 U.S.C. 3545) and the requirements of sec. 217(c) of the Cranston–Gonzalez National Affordable Housing Act (42 U.S.C. 12747(c)), for HOME funds that become available for competitive reallocation under § 92.451 or § 92.452, or both. The NOFA will describe the application requirements and procedures, including the total funding available for the competition and any maximum amount of individual awards. The NOFA will also describe the selection criteria and any special factors to be evaluated in awarding points under the selection criteria.
(b) The NOFA will include the selection criteria at sec. 217(c) of the Cranston–Gonzalez National Affordable Housing Act (42 U.S.C. 12747(c)), with the following maximum number of points awarded for each category of criteria:
(1) Commitment. Up to 25 points for the criteria at sec. 217(c)(1) of the Cranston–Gonzalez National Affordable Housing Act (42 U.S.C. 12747(c)(1));
(2) Actions. Up to 50 points for the criteria at sec. 217(c)(2) of the Cranston–Gonzalez National Affordable Housing Act (42 U.S.C. 12747(c)(2)); and
(3) Policies. Up to 25 points for the criteria at sec. 217(c)(3) of the Cranston–Gonzalez National Affordable Housing Act (42 U.S.C. 12747(c)(3)).
Cite this article: FindLaw.com - Code of Federal Regulations Title 24. Housing and Urban Development § 24.92.453 Competitive reallocations - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-24-housing-and-urban-development/cfr-sect-24-92-453/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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