Page:United States Statutes at Large Volume 104 Part 5.djvu/829

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4151 " (11) Legal fees. "(12) Defraying costs for the ongoing training needs of the recipient that are related to developing and carrying out the homeownership program. "(13) Economic development activities that promote economic self-sufficiency of homebuyers, residents, and homeowners under the homeownership program. "(c) MATCHING FUNDING. — "(1) IN GENERAL.—Each recipient shall assure that contributions equal to not less than 25 percent of the grant amount made available under this section, excluding any amounts provided for post-sale operating expenses, shall be provided from non-Federal sources to carry out the homeownership program. "(2) FORM. —Such contributions may be in the form of— "(A) cash contributions from non-Federal resources, which may not include Federal tax expenditures or funds from a grant made under section 106(b) or section 106(d) of the Housing and Community Development Act of 1974; "(B) payment of administrative expenses, as defined by the Secretary, from non-Federgil resources, including funds from a grant made under section 106(b) or section 106(d) of the Housing and Community Development Act of 1974; "(C) the value of taxes, fees, or other charges that are normally and customarily imposed but are waived, foregone, or deferred in a manner that facilitates the implementation of a homeownership program assisted under this subtitle; "(D) the value of land or other real property as appraised according to procedures acceptable to the Secretary; "(E) the value of investment in on-site and off-site infrastructure required for a homeownership program assisted under this subtitle; or "(F) such other in-kind contributions as the Secretary may approve. Contributions for administrative expenses shall be recognized only up to an amount equal to 7 percent of the total amount of grants made available under this section. "(d) APPLICATION. — "(1) FORM AND PROCEDURE.— An application for an implementation grant shall be submitted by an applicant in such form and in accordance with such procedures as the Secretary shall establish. "(2) MINIMUM REQUIREMENTS. — The Secretary shall require that an application contain at a minimum— "(A) a request for an implementation grant, specifying the amount of the grant requested and its proposed uses; "(B) if applicable, an application for assistance under section 8 of this Act, which shall specify the proposed uses of such assistance and the period during which the assist- £mce will be needed; "(C) a description of the qualifications and experience of the applicant in providing housing for low-income families; "(D) a description of the proposed homeownership pro- _ gram, consistent with section 304 and the other requirements of this title, which shall specify the activities proposed to be carried out and their estimated costs, identi-

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