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This document outlines the agreement between the County of San Bernardino and the Housing Authority of the County of San Bernardino for the development of affordable rental housing units at Virginia Village, located in Barstow, CA. It establishes funding provisions, responsibilities, and compliance requirements under the HOME Investment Partnership Program, including definitions, operational guidelines, and conditions for maintaining affordability for very low- and low-income households.

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What is home investment partnership agreement?

A Home Investment Partnership Agreement (HIPA) is a legal document that outlines the terms and conditions under which partnerships are formed to invest in residential properties, often aimed at making affordable housing more accessible.

Who is required to file home investment partnership agreement?

Typically, state and local governments that receive federal funding for affordable housing initiatives are required to file a Home Investment Partnership Agreement to comply with regulations.

How to fill out home investment partnership agreement?

To fill out a HIPA, you need to provide specific information such as the names of the involved parties, the financial details of the investment, and compliance requirements with applicable regulations.

What is the purpose of home investment partnership agreement?

The purpose of a Home Investment Partnership Agreement is to facilitate collaboration among governments, nonprofits, and private entities to finance and develop affordable housing projects.

What information must be reported on home investment partnership agreement?

Information that must be reported includes project details, funding sources, partnership structures, and compliance with federal and state housing laws.

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