Agmt 2009 Alameda County (2) - Laserfiche WebLink

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(h) "Core Activities" means the acquisition and rehabilitation of foreclosed upon properties, as defined in the Grant Application, and is inclusive of properties with one to four units; both rental and ownership tenures; acquisition and rehabilitation uses; and inclusive of development subsidy and down payment assistance. (i) "County" means the County of Alameda, in its capacity as a Member, unless otherwise specified. (j) "Developer" means a nonprofit partner or affordable housing developer that provides purchase and rehabilitation services in connection with NSP2 Activities. (k) "DRGR System" means the CDBG Disaster Recovery Grant Reporting System. (1) "Grant Agreement" means the NSP2 grant agreement that is to be entered into by the Lead Member and HUD if NSP2 funds are allocated to the Consortium. (m) "Grant Application" has the meaning given in Recital D. (n) "HERA" has the meaning given in Recital A. (o) "HUD" has the meaning given in Recital B. (p) "HUD Award Date" means the date HUD signs the Grant Agreement awarding NSP2 funds to the Consortium. (q) "Initial Allocation" has the meaning given in Section 23 (c). (r) "Initial Allocation Formula" has the meaning in Section 2.3. (s) "Lead Member" has the meaning given in the introductory paragraph and in Recital C. (t) "Leveraged Funds" means the Mortgage Credit Certificate allocation funding provided by Alameda County to be used with NSP homes, as specified in the Grant Application. (u) "Low-Income Household" means a household whose income does not exceed fifty percent (50%) of the area median income, as determined by HUD. (v) "Members" has the meaning given in Recital C. (w) "Middle-Income Household" means a household whose income does not exceed one hundred twenty percent (120%) of the area median income, as determined by HUD. Alameda County and City of San Leandro 3