92.612—Project requirements.
The following project requirements contained in subpart F of this part apply to the ADDI:
(a) Maximum per-unit subsidy amount and subsidy layering.
The maximum per-unit subsidy limits and subsidy layering requirements contained in § 92.250 apply to the total HOME and ADDI funds in a project.
(b) Property standards.
Housing assisted with ADDI funds must meet the property standards contained in § 92.251.
(c) Qualification as affordable housing.
Housing assisted with ADDI funds must meet the affordability requirements contained in § 92.254(a) and (c). If a project receives both HOME and ADDI funds, the total of HOME and ADDI funds in the project is used for calculating the period of affordability described in § 92.254(a)(4) and applied to resales ( § 92.254(a)(5)(i)) and recaptures ( § 92.254(a)(5)(ii) ).
(d) Faith-based organizations.
Faith-based organizations are eligible to participate in the ADDI as subrecipients or contractors as provided in § 92.257.