24 CFR § 964.215 - Grant agreement.

§ 964.215 Grant agreement.

(a)General. HUD shall enter into a grant agreement with the recipient of a technical assistance grant which defines the legal framework for the relationship between HUD and a resident council or resident management corporation for the proposed funding.

(b)Term of grant agreement. A grant shall be for a term of three to five years (3-5 years), and renewable at the expiration of the term.