Oklahoma Administrative Code › Title 330 - Oklahoma Housing Finance Agency › Chapter 55 - Home Investment Partnerships Program Rules › Subchapter 1 - General Provisions › Section 330:55-1-4 - Definitions

Current through Vol. 41, No. 20, July 1, 2024
The following words and terms, when used in this Chapter,
				  shall have the following meanings unless the context clearly indicates
				  otherwise. Additional capitalized terms used in this Chapter 55 Rules are
				  defined in the Act. When a conflict exists between the following definitions
				  and the Act, the Act shall control.
"Act"
means the Cranston-Gonzalez National
				  Affordable Housing Act (Title II,
				  Pub. L.
				  101-625,
				  42 U.S.C.,
				  12701 -
				  12839
				  ).
"Action Plan"
means the State's Annual Program
				  Description for the Administration of HOME Funds received by the State. The
				  Action Plan is included in the Consolidated Plan and must be reviewed and
				  approved by HUD.
"Annual Home Program Application Packet"
means
				  the packet of instructions and forms necessary to apply for an award of HOME
				  Program funds. The Annual Home Program Application Packet will be updated
				  annually for each successive Program Year. Notice will be provided to the
				  public of any proposed changes and the public will have the opportunity to
				  comment on said changes prior to their implementation.
"Annual Program Description"
means the federally
				  required program document stating the HOME Program objectives and method of
				  distribution of HOME Program Funds (including Program Income and recaptured
				  funds). The Annual Program Description , as set forth in the annual Action
				  Plan, must be reviewed by OHFA annually, included in the State's Consolidated
				  Plan, and submitted to HUD for review.
"Applicant"
means any eligible entity that
				  applies for an award of HOME Program funds through OHFA.
"Awardee"
means any eligible entity receiving an
				  award of HOME Program funds through OHFA.
"CHDO"
means a Community Housing Development
				  Organization. To qualify as a CHDO an entity must be a private, nonprofit
				  organization that meets the qualifications prescribed in the HOME Program
				  Regulations at 24 CFR Part 92.2.
"Consolidated Plan"
means a plan prepared in
				  accordance with the requirements of 24 CFR Part 91 which describes community
				  needs, resources, priorities and proposed activities to be undertaken under
				  certain HUD programs, including the HOME Program.
"Final Rule"
means the Final Regulations at 24
				  CFR, Part 92, as amended.
"HOME Funds"
means all appropriations for the
				  HOME Program, plus all repayments and interest or other returns on the
				  investment of these funds.
"HOME Program"
means the HOME Investment
				  Partnerships Program.
"HOME Program Regulations"
means the regulations
				  at 24 CFR Part 92.
"HUD"
means the United States Department of
				  Housing and Urban Development.
"IDIS"
means HUD's Integrated Disbursement and
				  Information System. As a nationwide database, IDIS provides HUD with current
				  information regarding the program activities underway across the nation,
				  including funding data. HUD uses this information to report to Congress and to
				  monitor grantees. IDIS is the draw down and reporting system for the HOME
				  Program and other Community Planning and Development formula grant
				  programs.
"Implementation Manual"
means the HOME Program
				  Implementation Manual as set forth in these rules.
"Low-income Households"
means households whose
				  annual household incomes do not exceed eighty percent (80%) of the median
				  household income for the area, as determined by HUD, with adjustments for
				  household size.
"OHFA"
means theOklahoma Housing Finance Agency.
				  OHFA has been designated by the Governor to administer the State's HOME Program
				  on behalf of the State of Oklahoma.
"Participating Jurisdiction"
means any state or
				  local government or consortium that has been designated by HUD to administer a
				  HOME Program. HUD designation as a Participating Jurisdiction occurs if a state
				  or local government meets the funding thresholds, notifies HUD that they intend
				  to participate in the program and has a HUD-approved Consolidated Plan.
"Period of Affordability"
means the time period,
				  mandated by the HOME Program Final Rule during which any housing assisted by
				  HOME Program funds is subject to the rent and income restrictions and occupancy
				  requirements as set forth in the HOME Program Final Rule.
"Program Income"
means gross income received by
				  OHFA, a State recipient or a Subrecipient directly generated from the use of
				  HOME funds or matching contributions, as further defined in 24 CFR Part
				  92.2.
"Program Year"
means the period selected by the
				  Participating Jurisdiction in which it shall administer its formula allocation
				  for the Home Investment Partnerships Program, which for the State of Oklahoma
				  HOME Program runs from April 1 through March 31 of each calendar year.
"Project"
means a site or sites, together with
				  any building or buildings that are to be assisted with HOME Funds as a single
				  undertaking.
"State"
means the State of Oklahoma.
"State Recipient"
means any unit of local
				  governmentdesignated by a state to receive HOME Funds. The state is responsible
				  for ensuring that HOME funds allocated to state recipients are used in
				  accordance with the HOME regulations at 24 CFR Part 92 and other applicable
				  laws.
"Subrecipient"
means a public agency or
				  nonprofit organization selected by a Participating Jurisdiction to administer
				  all or a portion of the Participating Jurisdiction's HOME Program.
				  Subrecipients run programs, not projects, and therefore a public agency or
				  nonprofit organization awarded funds for a single project is not a
				  subrecipient.
"Very-low-income households"
means
				  householdswhose annual incomes do not exceed 50% of the median household income
				  for the area, as determined by HUD, with adjustments for household size.
"Written Agreement"
means the contract between
				  OHFA, as the Participating Jurisdiction, and an Awardee of HOME funds, setting
				  forth the terms and conditions that must be met by the Awardee to
				  satisfactorily complete a HOME Program Project and comply with the HOME Program
				  Final Rule.
Added at 16 Ok Reg 539, eff 11-17-98 (emergency); Added at
					 16 Ok Reg 2906, eff 7-12-99; Amended at 30 Ok Reg 2005, eff
					 7-31-13