Fillable CHDO Operating Funds Request Applicant Organization CHDO Set-Aside (RIHousing)

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CHDO Operating Funds Request Applicant Organization CHDO Set-Aside (RIHousing)

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CHDO Operating Application pg. 1
CHDO Operating Funds Request
______________________________________________ __________________________
Applicant Organization CHDO Set-Aside Project
______________________________________________ __________________________
Organization Mailing Address City
______________________________________________ __________________________
Contact Name Title
______________________________________________ __________________________
Contact Email Phone
Specifications
• Operating Funds are provided to eligible CHDO organizations, as certified by Rhode
Island Housing, who are funded under the HOME CHDO set-aside for a project under
development or that is reasonably expected to be funded within 24 months from the
HOME CHDO set-aside for a specific project.
• Funds are granted for eligible operating costs incurred during the period beginning with
the date of execution of the Agreement until a date twelve (12) months from the date of
execution of the Agreement.
• The Recipient would agree to use the HOME proceeds solely for those operating
expenses, fees and costs, (i.e.: salaries, utilities, miscellaneous office expenses, etc.)
approved by Rhode Island Housing in accordance with 24 CFR 92.208 and 2 CFR Part
200, as outlined below in Section 4.
• Proposed HOME Operating Funds Budget. Funds may not exceed the greater of $50,000 or
50% of the CHDO’s total operating expenses in the year awarded.
Uses
Amount
TOTAL:
CHDO Operating Application pg. 2
When completing your budget, please be specific, as the PJ needs to determine if costs are
reasonable and necessary. Include documentation of costs to support request and justifications as
needed.
An example is as follows:
Uses
Amount
Example of Supporting
Documentation
Employee 1 – Exec. Director*
$2500
W-2, paystub, employment contract
Employee 2 – Ass’t Director*
$2000
W-2, paystub, employment contract
Employee 3 – Construction Manager*
$1500
W-2, paystub, employment contract
Electricity for office space – 25% monthly**
$2500
Copy of utility bill
Internet for office – 10% monthly**
$250
Copy of bill
Leased office space – 25% monthly
$2400
Copy of lease, floor plan with square
footage, and justification for
allocation.
Total
$11,150
*Back up with each requisition would include timesheets for each employee listed with their
time allocated to the eligible project.
** Back up would include bills from your provider & evidence of payment
______________________________________________ _____________________
Applicant Signature Date
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CHDO Operating Funds Request Applicant Organization CHDO Set-Aside (RIHousing)

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Completed 28 June 2021

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