§ 11386d. Matching funding

348 words·~2 min read·/usc/title-42/section-11386d

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(a)In general A collaborative applicant in a geographic area in which funds are awarded under this part shall specify contributions from any source other than a grant awarded under this part, including renewal funding of projects assisted under parts C, D, and F of this subchapter as in effect before the effective date under section 1503 of the Homeless Emergency Assistance and Rapid Transition to Housing Act of 2009, that shall be made available in the geographic area in an amount equal to not less than 25 percent of the funds provided to recipients in the geographic area, except that grants for leasing shall not be subject to any match requirement.

(b)Limitations on in-kind match The cash value of services provided to the residents or clients of a project sponsor by an entity other than the project sponsor may count toward the contributions in subsection

(a)only when documented by a memorandum of understanding between the project sponsor and the other entity that such services will be provided.

(c)Countable activities The contributions required under subsection

(a)may consist of—

(1)funding for any eligible activity described under section 11383 of this title; and

(2)subject to subsection (b), in-kind provision of services of any eligible activity described under section 11383 of this title.

(Pub. L. 100–77, title IV, § 430, as added Pub. L. 111–22, div. B, title III, § 1305(3), May 20, 2009, 123 Stat. 1695.)

Connections6 cite this · traces to 2

Cited by 6 sections

U.S. Code

§ 11386
Program requirements

statutes-at-large

Public Law 111–22
To prevent mortgage foreclosures and enhance mortgage credit availability

statute-compilations

Sec. 430
MATCHING FUNDING

bill

Traces to 2 documents

U.S. Code

4 references not yet in our index

Pub. L. 100–77, title IV, § 430
Pub. L. 111–22, div. B, title III, § 1305(3)
123 Stat. 1695
section 1503 of Pub. L. 111–22

Citation graph

cites case law

§ 11386d

Matching funding

Bills×3

Stat. Comp.×1

Stat.×1

U.S.C.×1

U.S.C.§ 11383

U.S.C.§ 11302

Pub. L.Pub. L. 100–77, title IV, § 430

Pub. L.Pub. L. 111–22, div. B, title III, § 1305(3)

Stat.123 Stat. 1695

Pub. L.section 1503 of Pub. L. 111–22

Cites 6Cited by 6 across 4 sources