Page:United States Statutes at Large Volume 110 Part 1.djvu/867

 PUBLIC LAW 104-120—MAR. 28, 1996 110 STAT. 843 (1) an expression of interest by such organization or consortia to the Secretary for a grant for such purposes; (2) a determination by the Secretary that the organization or consortia has the capability and has obtained financial commitments (or has the capacity to obtain financial commitments) necessary to— (A) develop not less than 30 dwellings in connection with the grant amounts; and (B) otherwise comply with a grant agreement under subsection (i); and (3) a grant agreement entered into under subsection (i). (g) TREATMENT OF UNUSED AMOUNTS.— Upon the expiration of the 6-month period beginning upon the Secretary first providing notice of the availability of amounts for grants under subsection (a)(2), the Secretary shall determine whether the amount remaining from the aggregate amount reserved under subsection (c)(2) exceeds the amount needed to provide funding in connection with any expressions of interest under subsection (f)(1) made by such date that are likely to result in grant agreements under subsection (i). If the Secretary determines that such excess amounts remain, the Secretary shall provide the excess amounts to Habitat for Humanity International by making a grant to such organization in accordance with this section. (h) GEOGRAPHICAL DIVERSITY.—In using grant amounts provided under subsection (a)(1), Habitat for Humanity International shall ensure that the amounts are used in a manner that results in national geographic diversity among housing developed using such amounts. In making grants under subsection (a)(2), the Secretary shall ensure that grants are provided and grant amounts are used in a manner that results in national geographic diversity among housing developed using grant amounts under this section. (i) GRANT AGREEMENT. —^A grant under this section shall be made only pursuant to a grant agreement entered into by the Secretary and the organization or consortia receiving the grant, which shall— (1) require such organization or consortia to use grant amounts only as provided in this section; (2) provide for the organization or consortia to develop a specific and reasonable number of dwellings using the grant amounts, which number shall be established taking into consideration costs and economic conditions in the areas in which the dwellings will be developed, but in no case shall be less than 30; (3) require the organization or consortia to use the grant amounts in a manner that leverages other sources of funding (other than grants under this section), including private or public funds, in developing the dwellings; (4) require the organization or consortia to comply with the other provisions of this section; (5) provide that if the organization or consortia has not used any grant amounts within 24 months after such amounts are first disbursed to the organization or consortia, the Secretary shall recapture such unused amounts; and (6) contain such other terms as the Secretary may require to provide for compliance with subsection (b) and the requirements of this section.

�