Section 7154 - Matching Fund Requirements(a) For each Program grant applicants shall provide Matching Funds equal to or in excess of the amount of the Program grant.(b) Matching Funds shall be On Deposit at the time of application, and the source of the funds shall be identified.(c) Funds restricted for housing use by state or federal law (such as funds from the Home Investment Partnerships Program ("HOME"), the Community Development Block Grant Program ("CDBG"), or redevelopment agency low- and moderate-income housing fund set-aside ("LMIHF") funds) shall not be considered Matching Funds. However, redevelopment agency non-LMIHF funds may be considered Matching Funds.(d) A Local Housing Trust Fund that is exclusively funded by any combination of HOME, CDBG, and redevelopment agency LMIHF funds, or other state or federal funds restricted for housing use shall not be eligible to receive Program Funds.Cal. Code Regs. Tit. 25, § 7154
1. New section filed 12-5-2008; operative 12-5-2008 pursuant to Government Code section 11343.4 (Register 2008, No. 49). Note: Authority cited: Section 50406(n), Health and Safety Code. Reference: Sections 50843.5 and 53545.9(c), Health and Safety Code.
1. New section filed 12-5-2008; operative 12-5-2008 pursuant to Government Code section 11343.4 (Register 2008, No. 49).