Section 302.202 Eligible Uses

Section 302.202  Eligible Uses

The Authority will establish a system that provides

assistance to Eligible Homeowners that may include any or all of the following

Eligible Uses:

a)         mortgage payment

assistance;

b)         financial

assistance to allow a homeowner to reinstate a mortgage or to pay other

housing-related costs related to a period of forbearance, delinquency, or

default;

c)         mortgage

principal reduction, including with respect to a second mortgage provided by a

nonprofit or government entity;

d)         facilitating mortgage

interest rate reductions;

e)         payment assistance for:

1)         homeowner’s

utilities, including electric, gas, home energy (including firewood and home

heating oil), water, and wastewater;

2)         homeowner’s

internet service, including broadband internet access service;

3)         homeowner’s insurance,

flood insurance, and mortgage insurance;

4)         homeowner’s

association fees or liens, condominium association fees, or common charges, and

similar costs payable under a unit occupancy agreement by a resident

member/shareholder in a cooperative housing development; and

5)         down

payment assistance loans provided by nonprofit or government entities;

f)         payment

assistance for delinquent property taxes to prevent homeowner tax foreclosures;

g)         measures

to prevent homeowner displacement, such as home repairs to maintain the

habitability of a home, including the reasonable addition of habitable space to

alleviate overcrowding, or assistance to enable households to receive clear title

to their properties;

h)         counseling

or educational efforts by housing counseling agencies approved by HUD or a

tribal government, or legal services, targeted to households eligible to be

served with funding from the HAF related to foreclosure prevention or

displacement, in an aggregate amount up to 5% of the funding from the HAF

received by the Authority;

i)          reimbursement

of funds expended the Authority during t

eling

or educational efforts by housing counseling agencies approved by HUD or a

tribal government, or legal services, targeted to households eligible to be

served with funding from the HAF related to foreclosure prevention or

displacement, in an aggregate amount up to 5% of the funding from the HAF

received by the Authority;

i)          reimbursement

of funds expended the Authority during the Eligibility Period beginning on

January 21, 2020, and ending on the date that the first funds are disbursed by

the Authority under the HAF, for a qualified expense (other than any qualified

expense paid directly or indirectly by another federal funding source, or any

qualified expenses described in subsections (f), (g), (h), or (j)); and

j)          planning,

community engagement, needs assessment, and administrative expenses related to

the Authority’s disbursement of HAF funds for qualified expenses, in an

aggregate amount not to exceed 15% of the funding from the HAF received by the

Authority.