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• <br />HOME Investment Partnership Program (HOME) <br />Reference 24 CFR 91.220(1)(2) <br />1. A description of other forms of investment being used beyond those identified in Section 92.205 is <br />as follows: <br />The County does not use any other forms of investment except those listed in Section 92.205. <br />2. A description of the guidelines that will be used for resale or recapture of HOME funds when used <br />for homebuyer activities as required in 92.254, is as follows: <br />The County of Hawaii will recapture the total amount of HOME funds expended for a project when <br />the recipient fails to comply with the terms of its agreement with the County, or refuses to accept <br />conditions imposed by the County, HHFDC, or HUD, when the recipient sells or otherwise transfers <br />any real or personal property purchased or constructed with the HOME funds within the applicable <br />period of affordability and when the recipient ceases to use the property constructed, rehabilitated <br />and/or renovated with HOME funds for the applicable period of affordability, following the issuance <br />of final payment for the project by the County. <br />3. A' description of the guidelines for resale or recapture that ensures the affordability of units acquired <br /><, =n with HOME funds? See 24 CFR 92.254(a)(4) are as follows: <br />The County of Hawaii will recapture the total amount of HOME funds expended for a project when <br />the recipient fails to comply with the terms of its agreement with the County, or refuses to accept <br />conditions imposed by the County, HHFDC, or HUD, when the recipient sells or otherwise transfers <br />any real or personal property purchased or constructed with the HOME funds within the applicable <br />period of affordability and when the recipient ceases to use the property constructed, rehabilitated <br />and/or renovated with HOME funds for the applicable period of affordability, following the issuance <br />of final payment for the project by the County. <br />4. Plans for using HOME funds to refinance existing debt secured by multifamily housing that is <br />rehabilitated with HOME funds along with a description of the refinancing guidelines required that <br />will be used under 24 CFR 92.206(b), are as follows: <br />Please defer to the State of Hawaii Consolidated Plan. <br />Annual Action Plan <br />2021 <br />WAB Control No: 2506-0117 (exp. 09/301•'2021) <br />41. <br />