Section 92.612 - Project requirementsThe 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 .