Source: http://www4.law.cornell.edu/uscode/text/42/12750?quicktabs_8=2
Timestamp: 2013-12-10 17:20:09
Document Index: 791623655

Matched Legal Cases: ['§ 12750', '§ 12750', '§ 12750', '§ 220', '§ 207', '§ 204', '§ 5121', '§ 210', '§ 210', '§ 210', '§ 210', '§ 207', '§ 207', '§ 210', '§ 207', '§ 210', '§ 207', '§ 207', '§ 210', '§ 210']

42 USC § 12750 - Matching requirements | Title 42 - The Public Health and Welfare | U.S. Code | LII / Legal Information Institute
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42 USC § 12750 - Matching requirements
Contribution Each participating jurisdiction shall make contributions to housing that qualifies as affordable housing under this subchapter that total, throughout a fiscal year, not less than 25 percent of the funds drawn from the jurisdiction’s HOME Investment Trust Fund in such fiscal year. Such contributions shall be in addition to any amounts made available under section 12746
(3)(A)(ii) of this title.
In general A contribution shall be recognized for purposes of subsection (a) of this section only if it—
Administrative expenses Contributions for administrative expenses may not be recognized for purposes of subsection (a) of this section.
cash contributions from non-Federal resources, which may not include funds from a grant made under section 5306
up to—
Reduction of requirement (1)
In general The Secretary shall reduce the matching requirement under subsection (a) of this section with respect to any funds drawn from a jurisdiction’s HOME Investment Trust Fund Account during a fiscal year by—
Distress criteria For purposes of a jurisdiction other than a State certifying that it is distressed, the following criteria shall apply:
Poverty rate The average poverty rate in the jurisdiction for the calendar year immediately preceding the year in which its fiscal year begins was equal to or greater than 125 percent of the average national poverty rate during such calendar year (as determined according to information of the Bureau of the Census).
Per capita income The average per capita income in the jurisdiction for the calendar year immediately preceding the year in which its fiscal year begins was less than 75 percent of the average national per capita income during such calendar year (as determined according to information of the Bureau of the Census).
States In determining the degree to which a jurisdiction that is a State is distressed, the Secretary shall take into consideration the State’s fiscal capacity and expenditure needs as determined by a national organization which compiles the relevant data.
Waiver in disaster areas If a participating jurisdiction is located in an area in which a declaration of a disaster pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act [42 U.S.C. 5121 et seq.] is in effect for any part of a fiscal year, the Secretary may reduce the matching requirement for that fiscal year under subsection (a) of this section with respect to any funds drawn from a jurisdiction’s HOME Investment Trust Fund Account during that fiscal year by up to 100 percent.
(Pub. L. 101–625, title II, § 220,Nov. 28, 1990, 104 Stat. 4111; Pub. L. 102–550, title II, §§ 207(c), 210
(a)–(c), Oct. 28, 1992, 106 Stat. 3753, 3755; Pub. L. 103–233, title II, § 204,Apr. 11, 1994, 108 Stat. 364.)
The Robert T. Stafford Disaster Relief and Emergency Assistance Act, referred to in subsec. (d)(5), is Pub. L. 93–288, May 22, 1974, 88 Stat. 143, as amended, which is classified principally to chapter 68 (§ 5121 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 5121 of this title and Tables.
1994—Subsec. (a). Pub. L. 103–233amended heading and text of subsec. (a) generally. Prior to amendment, text read as follows: “Each participating jurisdiction shall make contributions to housing that qualifies as affordable housing under this subchapter that total, throughout a fiscal year, not less than—
Such contributions shall be in addition to any amounts made available under section 12746
(3)(A)(ii) of this title.”
1992—Subsec. (a). Pub. L. 102–550, § 210(a)(4), substituted “housing that qualifies as affordable housing under this subchapter” for “affordable housing assisted under this subchapter” in introductory provisions.
Subsec. (a)(1). Pub. L. 102–550, § 210(a)(1), substituted “, housing rehabilitation and substantial rehabilitation; and” for “and housing rehabilitation;”.
Subsec. (a)(2). Pub. L. 102–550, § 210(a)(2), substituted “30” for “33” and “new construction.” for “substantial rehabilitation; and”.
Subsec. (a)(3). Pub. L. 102–550, § 210(a)(3), struck out par. (3) which read as follows: “50 percent of the total funds drawn from the jurisdiction’s HOME Investment Trust Fund in that fiscal year with respect to new construction.”
Subsec. (b)(2). Pub. L. 102–550, § 207(c)(1), substituted “may not be recognized for purposes of subsection (a) of this section” for “shall be recognized only up to an amount equal to 7 percent of funds provided for investment under this subchapter”.
Subsec. (c)(2). Pub. L. 102–550, § 207(c)(2), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: “payment of administrative expenses, as defined by the Secretary, from non-Federal resources, which may include funds from a grant made under section 5306
(d) of this title;”.
Subsec. (c)(3). Pub. L. 102–550, § 210(b)(1), which directed the striking of “and” at end of par. (4), was executed by striking “and” at end of par. (3) to reflect the probable intent of Congress and the redesignation of par. (4) as (3). See below.
Pub. L. 102–550, § 207(c)(2)(B), redesignated par. (4) as (3). Former par. (3) redesignated (2).
Subsec. (c)(4). Pub. L. 102–550, § 210(b)(2), which directed the substitution of a semicolon for the period at end of par. (5), was executed by making the substitution at end of par. (4) to reflect the probable intent of Congress and the redesignation of par. (5) as (4). See below.
Pub. L. 102–550, § 207(c)(2)(B), redesignated par. (5) as (4). Former par. (4) redesignated (3).
Subsec. (c)(5). Pub. L. 102–550, § 207(c)(2)(B), redesignated par. (5) as (4).
Subsec. (c)(6) to (8). Pub. L. 102–550, § 210(b)(3), added pars. (6) to (8).
Subsec. (d). Pub. L. 102–550, § 210(c), added subsec. (d) and struck out former subsec. (d) which read as follows: “If a jurisdiction demonstrates to the satisfaction of the Secretary that a reduction of the matching requirement specified in subsection (a) of this section is necessary to permit the jurisdiction to carry out the purposes of this subchapter, the Secretary may reduce the matching requirement during a period not to exceed 3 years after the jurisdiction is first designated as a participating jurisdiction. Such reduction shall be not more than 75 percent in the first year, not more than 50 percent in the second year, and not more than 25 percent in the third year.”
Section 210(d) ofPub. L. 102–550provided that: “The amendments made by this section [amending this section] shall apply with respect to fiscal year 1993 and each fiscal year thereafter.”
Amendment by section 207(c) ofPub. L. 102–550applicable to unexpended funds allocated under subchapter II of this chapter in fiscal year 1992, except as otherwise specifically provided, see section 223 ofPub. L. 102–550, set out as a note under section 12704 of this title.