122:6-1-04. Fund limitations

(A) Each eligible applicant receiving a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies for activities that provide, or assist in providing, rental housing shall reasonably ensure that the rental housing will be affordable to those families and individuals targeted for the rental housing for the useful life of the rental housing project or for thirty years, whichever is longer;

(B) Each eligible applicant receiving a grant, loan, loan guarantee or loan subsidy made from the housing trust fund for activities that will provide, or assist in providing, housing shall prepare and implement a plan to reasonably assist any families and individuals displaced by an applicant's project funded under the housing programs in obtaining decent affordable housing.

(C) Each eligible applicant receiving a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies shall certify, using forms prescribed by the administering body, compliance with all applicable state and federal laws, including, but not limited to, fair housing and anti-discrimination statutes.

Five Year Review (FYR) Dates: 06/16/2016 and 06/16/2021
Promulgated Under: 119.03
Statutory Authority: 174.03(D)
Rule Amplifies: 174.01, 174.02, 174.03 , 174.04, 174.05, 174.06, 174.07
Prior Effective Dates: 4/16/92(Emer), 6/26/92, 12/16/04, 8/16/09

Prior History: (Effective: 08/16/2009
R.C. 119.032 review dates: 05/18/2009 and 08/16/2014
Promulgated Under: 119.03
Statutory Authority: 174.03(D)
Rule Amplifies: 174.01 - 174.07
Prior Effective Dates: 4/16/92 (Emer), 6/26/92, 12/16/04 )