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42 U.S. Code § 1437v. Demolition, site revitalization, replacement housing, and tenant-based assistance grants for projects
(a) PurposesThe purpose of this section is to provide assistance to public housing agencies for the purposes of—
(1)
improving the living environment for public housing residents of severely distressed public housing projects through the demolition, rehabilitation, reconfiguration, or replacement of obsolete public housing projects (or portions thereof);
(2)
revitalizing sites (including remaining public housing dwelling units) on which such public housing projects are located and contributing to the improvement of the surrounding neighborhood;
(3)
providing housing that will avoid or decrease the concentration of very low-income families; and
(4)
building sustainable communities.
It is also the purpose of this section to provide assistance to smaller communities for the purpose of facilitating the development of affordable housing for low-income families that is undertaken in connection with a main street revitalization or redevelopment project in such communities.
(b) Grant authority
The Secretary may make grants as provided in this section to applicants whose applications for such grants are approved by the Secretary under this section.
(c) Contribution requirement
(1) In generalThe Secretary may not make any grant under this section to any applicant unless the applicant certifies to the Secretary that the applicant will—
(A)
supplement the aggregate amount of assistance provided under this section with an amount of funds from sources other than this section equal to not less than 5 percent of the amount provided under this section; and
(B)
in addition to supplemental amounts provided in accordance with subparagraph (A), if the applicant uses more than 5 percent of the amount of assistance provided under this section for services under subsection (d)(1)(L), provide supplemental funds from sources other than this section in an amount equal to the amount so used in excess of 5 percent.
(2) Supplemental funds
In calculating the amount of supplemental funds provided by a grantee for purposes of paragraph (1), the grantee may include amounts from other Federal sources, any State or local government sources, any private contributions, the value of any donated material or building, the value of any lease on a building, the value of the time and services contributed by volunteers, and the value of any other in-kind services or administrative costs provided.
(3) Exemption
If assistance provided under this subchapter will be used only for providing tenant-based assistance under section 1437f of this title or demolition of public housing (without replacement), the Secretary may exempt the applicant from the requirements under paragraph (1)(A).