9 CRR-NY 2811.4NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL
CHAPTER XII. HOUSING AND COMMUNITY PRESERVATION IN RURAL AREAS
SUBCHAPTER B. RURAL PRESERVATION COMPANIES PROGRAM
PART 2811. APPLICANT ELIGIBILITY
9 CRR-NY 2811.4
9 CRR-NY 2811.4
2811.4 One-third match.
(a) In negotiating each contract, the applicant must demonstrate its access to matching support, available or anticipated to be made available, equal to at least one-third of the amount of such contract.
(b) The required match may be cash and/or in-kind contributions and must be used for housing preservation and community renewal activities.
(c) In-kind contributions must be verifiable, quantifiable, reasonable and relevant to the company's activities.
(1) In-kind services may not include:
(i) routine board functions and responsibilities; but may include, with division approval, services from board members for which the company ordinarily would have to pay;
(ii) overtime by executive and full-time administrative staff paid with rural preservation funds;
(iii) technical assistance provided by division staff; or
(iv) any other category determined by the division.
(d) Documentation of in-kind services must be available for review by division staff.
9 CRR-NY 2811.4
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.