Operating assistance.

CFR · 2024-01-01 · US · Title 7

Operating assistance may be used in lieu of tenant-specific rental assistance (a) (1) Off-farm labor housing projects financed under section 514 or section 516 with units that are for migrant farmworkers. Housing units for year-round farmworker households are ineligible; and (2) Eligible for the Agency's rental assistance program as defined in § 3560.573. (b) (c) (i) Estimated operating costs for the migrant units, including authorized expenditures such as reserve deposits; (ii) Proposed rental rates for the migrant units to generate sufficient funds for operating costs of those units, taking into consideration all other sources of project income; and (iii) Estimated rental income from tenants, based on a tenant contribution of 30 percent of the average adjusted monthly income of migrant farmworker households in the area. (2) (3) (4) (ii) Owners will complete and submit monthly to the Agency a project worksheet for operating assistance. (iii) Owners must submit an annual planning budget to the Agency prior to the project's fiscal year.

official document · source cfr-2024 · id 7:§ 3560.574