When discussing leverage, HUD requires applicants to have firm commitments. Can HUD define “firm”?
Firm commitments must be evidenced by a written agreement, to provide specific amounts of cash, signed by an official legally able to make the commitments on behalf of the organization. The written agreement may only be contingent upon receiving a HOPE VI grant award. 27. Section IX(A)(5) says, “Grantees must pursue and enforce any commitment (including commitments for services) obtained from any public or private entity for any contribution or commitment to the project or surrounding area that was used for leverage in their HOPE VI applications.” How does HUD suggest this be done? HUD believes Section IX(A)(5) is self-explanatory. Grantees are expected to pursue and enforce commitments that were obtained in a reasonable and justifiable manner. 28. Section IX(D)(6) discusses types of resources that may be counted as leverage. It says, “Funds committed to build private sector housing in direct connection with the HOPE VI Revitalization Plan” may count. Can you explain this further? In a
Related Questions
- The Expression of Interest form requires applicants to include an NCES ID number. What is an NCES ID number and how do I find the one for my school district?
- When discussing leverage, HUD requires applicants to have firm commitments. Can HUD define "firm"?
- Is there a standard recommendation form ASPH requires applicants to use?
