1. (a) A municipality shall have a current HC designation to apply for or receive funds under the HPM grant program.
2. (b) A municipality shall receive funds based on units of workforce housing that received a certificate of occupancy during the state fiscal year immediately preceding a municipality receiving its HC designation, even if they did not yet have said designation.
3. (c) To receive funding under the HPM grant program a municipality shall demonstrate that it has internal procedures in place or a monitoring agreement with a third-party to enforce the terms in the land use restriction agreement or workforce unit covenant agreement.
4. (d) A municipality shall receive one award in a given state fiscal year unless sufficient program funding exists to fund all other eligible applications first within an application funding round.

Source. #14043, eff 8-8-24