NSP FAQ
Q

What happens if at grant close out the grantee does not meet the 25% low-income set-aside requirement?

Date Published: October 2012

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A

Each grantee must expend 25% of its grant amount for activities that will provide housing for households whose income is at or below 50% AMI. If the grantee fails to do so, HUD may require that the grantee return all or a portion of the NSP grant.


Tags: NSP Program Requirements - 25% Set Aside

FAQ ID:

394