§4133 Program Requirements

Summary

Require recipients to write rules about rents and homebuyer payments for housing paid for with these grants, including how payments are set. If a low-income family lives in a unit paid for with grant money, their monthly rent or homebuyer payment cannot be more than 30 percent of the family's monthly adjusted income. Recipients must also have written rules about who can live in the housing, how families are admitted, and how the housing is managed and maintained. They must keep enough insurance on units they own, run, or help pay for. If a recipient owns or helps fund housing built or run under a contract between the Secretary and an Indian housing authority, they must set aside grant money to keep that housing maintained and running, but they may demolish or dispose of it if allowed by the Secretary’s rules. If an Indian tribe’s housing plan says grant money will be used over more than 1 fiscal year or for work in a later year, the Secretary cannot make the tribe use it sooner than the plan says. Any grant money not used in its fiscal year can be used in later fiscal years. Recipients also do not have to follow competitive procurement rules when buying goods or services with grant money if the purchase is under $5,000.