NSP FAQ
Q

An NSP grantee intended to rent a rehabbed unit to a household at or below 50% AMI but is unable to do so. What must the grantee do to re-categorize the funding?

Date Published: October 2012

Print ShareThis

A

If the home cannot be rented to a household at or below 50% AMI, and the funds have already been obligated towards the 25% set-aside requirement, the grantee or subgrantee can de-obligate the funds and reallocate them as appropriate. Even if the grantee has failed projects, the grantee must ensure that they meet the 25% requirement.


Tags: NSP Program Requirements - 25% Set Aside

FAQ ID:

393