Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 24 - Housing and Urban Development |
Subtitle A - Office of the Secretary, Department of Housing and Urban Development |
Part 92 - Home Investment Partnerships Program |
Subpart C - Consortia; Designation and Revocation of Designation as a Participating Jurisdiction |
§ 92.103 - Notification of intent to participate.
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§ 92.103 Notification of intent to participate.
(a) Not later than 30 days after receiving notice of its formula allocation amount, a jurisdiction must notify HUD in writing of its intention to become a participating jurisdiction.
(b) A unit of general local government that has a formula allocation of less than $750,000, or less than $500,000 in fiscal years in which Congress appropriates less than $1.5 billion for this part, must submit, with its notice, one or more of the following, as appropriate, as evidence that it has met the threshold allocation requirements in § 92.102(b):
(1) Authorization from the State to transfer a portion of its allocation to the unit of general local government;
(2) A letter from the governor or designee indicating that the required funds have been approved and budgeted for the unit of general local government;
(3) A letter from the chief executive officer of the unit of general local government indicating that the required funds have been approved and budgeted.