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42 U.S. Code § 12750

Matching requirements

42 U.S. Code § 12750. Matching requirements

(a) Contribution
Each participating jurisdiction shall make contributions to housing that qualifies as affordable housing under this subchapter that total, throughout a fiscal year, not less than 25 percent of the funds drawn from the jurisdiction’s HOME Investment Trust Fund in such fiscal year. Such contributions shall be in addition to any amounts made available under section 12746(3)(A)(ii) of this title.
(b) Recognition
(1) In generalA contribution shall be recognized for purposes of subsection (a) only if it—
(A)
is made with respect to housing that qualifies as affordable housing under section 12745 of this title; or
(B)
is made with respect to any portion of a project not less than 50 percent of the units of which qualify as affordable housing under section 12745 of this title.
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