Additional subsidy
34. (1) A service manager may impose the following terms and conditions for the payment of an additional subsidy to a housing provider: 1. The service manager may require the housing provider to provide proof to the satisfaction of the service manager that the housing provider requires the additional subsidy. 2. The service manager may require the housing provider to repay all or part of the additional subsidy within a period of time specified by the service manager. 3. If the housing provider is required to repay all or part of the additional subsidy, the service manager may require the housing provider to establish a reasonable schedule for the repayment and to demonstrate to the satisfaction of the service manager how the housing provider intends to fund the repayment. 4. If the housing provider is required to repay all or part of the additional subsidy, the service manager may require the housing provider to submit the housing provider’s annual budgets for the housing projects for review and approval by the service manager for five or fewer fiscal years after the fiscal year in which the additional subsidy is repaid or its repayment is forgiven by the service manager. 5. If the housing provider is required to repay all or part of the additional subsidy, the service manager may require the housing provider to provide reports on the following at such times as the service manager may direct during the period that ends not later than five years after the additional subsidy is repaid or its repayment is forgiven by the service manager: i. the market rents established by the housing provider for units in the housing project, and ii. the variances and explanations of the variances between amounts forecasted in the housing provider’s budgets, as approved by the service manager, and actual amounts. 6. The service manager may require the housing provider to retain a person acceptable to the service manager to provide property management services or to terminate a contract for property management services in accordance with the terms of the contract and enter into a contract for property management services with a different person acceptable to the service manager. 7. The service manager may require the housing provider to increase its revenue by increasing occupancy charges or market rents on units, subject to any restriction imposed by the Residential Tenancies Act, 2006. 8. The service manager may require the housing provider to obtain training for its staff or directors. 9. Subject to the Act and the regulations, the service manager may impose restrictions on the amount the housing provider may expend on eligible capital expenditures. 10. Subject to subsection 111 (4) of the Act and to subsection (2), the service manager may require the housing provider to agree to any temporary amendment to the housing provider’s targeting plan for the housing project to which the additional subsidy relates or to the housing providers’ mandate as the service manager may specify, including an increase or decrease in the number of rent-geared-to-income units in the housing project. O. Reg. 339/01, s. 34 (1); O. Reg. 86/02, s. 7; O. Reg. 310/07, s. 10. (2) A temporary amendment mentioned in paragraph 10 of subsection (1) must provide that it ceases to apply and the original provisions of the targeting plan or mandate, as the case may be, applies as of a day that is not later than two years after the day the temporary amendment takes effect. O. Reg. 339/01, s. 34 (2). PART VIII   ADMINISTRATION