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Rural Development Housing Facts

HOUSING PRESERVATION GRANT PROGRAM (HPG)

Purpose

To provide funds to eligible applicants to operate a program which finances repair and rehabilitation activities to individual housing, or rental properties for very low- and low-income persons in rural communities.

 

Applicants

Must be an organization authorized to administer HPG funds.

corporation authorized to receive and administer HPG funds.

for purposes other than making gains or profits for the corporation, is precluded from distributing any gains or profits to its members.

otherwise eligible to receive and administer HPG funds.

 

Preapplication Submission Deadline

Dates governing the invitation and review of HPG preapplications will be published in the Federal Register. Applicants generally have 90 days from publication to file a preapplication.

Project Selection Criteria

The Project Selection Criteria form is used to determine eligibility and priority points. Priority points are assigned for the following criteria: percentage of very-low persons proposed to be assisted, population, percentage of funds which will be used for administrative purposes, component for alleviating overcrowding, leveraged funds, and administrative capacity to carry out the objectives of the grant.

Term of Grant

The objectives of the grant shall normally be accomplished between 1 to 2 years.

 

Eligible Grant Purposes

 

Reporting Requirements & Compliance

The Grantee is required to submit a Financial Status Report and a performance report quarterly which should relate to the activities accomplished during the report period. Rural Development will be responsible for reviewing the quarterly reports and final reports to determine if the grantee is complying with the Grant Agreement, Statement of Activities and the budget, and that the HPG project activity is completed and approved.

At the close of the grant, the Grantee will be required to provide a final audit.