California Code of Regulations › Title 25 - Housing and Community Development › Division 1 - Housing and Community Development › Chapter 7 - Department of Housing and Community Development Programs › Subchapter 15 - Rental Housing Construction Program-Proposition 84 › Article 4 - Program Operations › Section 8097 - Disbursement of Loan Funds

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The sponsor shall request funds from the
					 department for actual expenditures in accordance with the schedule and the
					 authorized amounts in the approved project budget in the Development Agreement.
					 The information on any request for funds shall be subject to verification by
					 the department. Requests shall be made on form HCD 810, "Request for Funds,"
					 12/89, as set forth in subsection (b). This form is provided by the
					 department.
(b) Text of form HCD
					 810, "Request for Funds," dated 12/89:
HCD 810, 12/89
RENTAL HOUSING CONSTRUCTION PROGRAM REQUEST FOR
						FUNDS #
1. BORROWER (Payee):
					 ________________________________________
2. ADDRESS:
					 _______________________________________________________
3. CONTRACT NUMBER:
					 ________________________________________
4.
APPROVED LOAN AMOUNT
AMOUNT PER
								THIS REQUEST
PREVIOUSLY APPROVED
TOTAL AMOUNT BALANCE
$___________________________
$___________________________
$___________________________
$___________________________
5. USE OF FUNDS REQUESTED: (Specify line
					 items per Development Agreement Budget.)
$
						___________________________________________________________________________
$
						___________________________________________________________________________
$
						___________________________________________________________________________
$
						___________________________________________________________________________
6. DRAW CHECK IN TOTAL AMOUNT OF: $
					 _________________________
7. SEND CHECK TO:
Department of Housing and
								Community Development
Accounting Office
P.O. Box 952050
Sacramento, CA 94252-2050
8. CERTIFICATION: I, the undersigned, do
					 hereby certify that (1) the funds requested above will be used only in
					 accordance with the above numbered State Standard Agreement and the Development
					 Agreement entered into pursuant to this Standard Agreement, and only for
					 eligible costs, as specified in the RHCP regulations; and (2) the Borrower and
					 the project are in full compliance with the Standard Agreement, the Development
					 Agreement, and all other agreements by and between the Borrower and the
					 Department of Housing and Community Development entered into pursuant to the
					 Standard Agreement.
Signed:___________________________
Title: ___________________________
Date:
								______________________________
DO NOT WRITE BELOW THIS LINE
_
The work performed for which this request for
						disbursement is presented is in accordance with all provisions of Contract
						Number ____________________ between _________________________ and the
						Department of Housing and Community Development, and is hereby approved for
						payment.
Program Manager:
						__________________________________________________ Date:
						______________________________