Section 89.05. Awards.

 

(1)  The maximum award that any one eligible applicant may receive is $1 million in a particular competition.

(2)  After an award is made, a contract agreement shall be executed between the state and the grantee and shall include information required by s. 16.303 (1) (b) , (c) and (2) (a) , Stats.

(3)  Awards may not be used:

(a) For capital improvements to dwelling units;

(b) To directly pay for development costs;

(c) To directly pay the principal and interest on a construction loan or a rehabilitation loan;

(d) To replace existing programs or funding providing this type of assistance;

(e) To assist individuals who have assets sufficient to meet their own housing needs;

(f) To assist individuals who will, after receiving benefits under this program, continue to live on premises that are not decent, safe, and sanitary;

(g) To assist individuals who, after receiving benefits under this program, would continue living in nursing homes, medical, psychiatric, or penal institutions;

(h) To assist individuals living on premises that are not modest in design. Amenities must be limited to those amenities that are generally provided in unassisted, decent, safe, and sanitary housing for lower income families in the market area;

(i) To assist individuals who would be paying housing costs that are not reasonable in relation to housing costs currently being charged in the market area.

(4)  Except for good cause shown, not more than 15% of an award may be used by the grantee for administrative and housing-related counseling costs.

(5)  Awards shall not be used for costs incurred prior to the start date of a contract period, except for making payments to or on behalf of eligible households for housing costs that are in arrears.

(6)  Funds granted or loaned by eligible applicants to eligible households under this program shall be provided to households which do not exceed low-income or moderate-income guidelines. For households that have at least one member who is handicapped with recurring medical costs or support costs directly related to the handicap, the eligible applicant shall deduct the amount by which those expenses exceed 3% of the household's monthly income from the household's monthly income for purposes of determining eligibility.

History: Cr. Register, September, 1990, No. 417 , eff. 10-1-90; emerg. am. (1) to (3) (intro.) and (g), (4) and (5), eff. 11-8-91; am. (1) to (3) (intro.) and (g), (4) and (5), Register, May, 1992, No. 437 , eff. 6-1-92; correction in (2) made under s. 13.92 (4) (b) 7. , Stats., Register December 2011 No. 672 .