Form Hud-52840a - Capital Fund Program (Cfp) Amendment To The Consolidated Annual Contributions Contract (Form Hud-53012)
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1U.S. Department of Housing
Capital Fund Program
and Urban Development
(CFP) Amendment
Office of Public and Indian Housing
To The Consolidated Annual Contributions
Contract (form HUD-53012)
Whereas, (Public Housing Agency)
(herein called the “PHA”)
and the United States of America, Secretary of Housing and Urban Development (herein called “HUD”) entered into
Consolidated Annual Contributions Contract(s) (ACC) Number(s)
dated
:
Whereas, HUD has agreed to provide CFP assistance, upon execution of this Amendment, to the PHA in the amount to be specified
below for the purpose of assisting the PHA in carrying out capital and management activities in order to ensure that such
developments continue to be available to serve low-income families: $
for fiscal year 20
to be referred to under Capital Fund Grant Number
,
PHA Tax Identification Number (TIN)
.
Whereas, HUD and PHA are entering into this CFP Amendment Number
.
Now Therefore, the ACC(s) is (are) amended as follows:
activities and for a period of forty years after the last
distribution of CFP assistance for development activities.
1. The ACC(s) is (are) amended to provide CFP assistance in
However, the provisions of Section 7 of the ACC shall remain
the amount specified above for capital and management
in effect for so long as HUD determines there is any out-
activities of PHA developments. This amendment is a part
standing indebtedness of the PHA to HUD which arose in
of the ACC(s).
connection with any development(s) under the ACC(s) and
which is not eligible for forgiveness, and provided further
2. The capital and management activities shall be carried
that, for a period of ten years following the last payment of
out in accordance with all HUD regulations and other
assistance from the operating fund to the PHA, no disposi-
requirements applicable to the Capital Fund Program.
tion of any development covered by this amendment shall
3. In accordance with the HUD regulations, the PHA Agency
occur unless approved by HUD.
Plan has been adopted by the PHA and approved by HUD,
6. If the PHA does not comply with any of its obligations under
and may be amended from time to time. The capital and
this Amendment, HUD may direct the PHA to terminate all
management activities shall be carried out as described in
work described in the Capital Fund Annual Statement of
the PHA Agency Plan Capital Fund Annual Statement.
the PHA Agency Plan. In such case, the PHA shall only
4. Subject to the provisions of the ACC(s), and to assist in the
incur additional costs with HUD approval.
capital and management activities, HUD agrees to disburse
7. Implementation or use of funding assistance provided
to the PHA from time to time as needed up to the amount
under this Amendment is subject to the attached Corrective
of funding assistance specified above.
Action Order(s).
5. The PHA shall continue to operate each development as
(mark one):
Yes
No
low-income housing in compliance with the ACC(s), as
amended, the United States Housing Act of 1937 (the “Act”)
8. The PHA acknowledges its responsibility for adherence to
and all HUD regulations for a period of twenty years after
this Amendment by subgrantees to which it makes funding
the last disbursement of CFP assistance for modernization
assistance hereunder available.
The parties have caused this Agreement to be effective as of the date of execution on behalf of the United States, as stated below.
U.S. Department of Housing and Urban Development
PHA Executive Director
By:
Date:
By:
Date:
Title:
Title:
form HUD-52840A
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