Fillable Printable Rental Assistance Template

Rental Assistance Template

Form RD 3560-27

(02-05)

FORM APPROVED

OMB NO. 0575-0189

UNITED STATES DEPARTMENT OF AGRICULTURE

RURAL DEVELOPMENT

RURAL HOUSING SERVICE

RENTAL ASSISTANCE AGREEMENT

CASE NO.

PROJECT NO.

betweenThis Agreement effective on the 1st day of

(''borrower'') and its successors and the United States of America acting through the Rural Housing Service ("the Government")

pursuant to section 521 (a)(2)(A) of Title V of the Housing Act of 1949.

In consideration of the mutual covenants set forth, the Parties agree as follows:

Section 1 The Government agrees to provide rental assistance in accordance with its governing rules and regulations for the number

of units of housing provided according to the attached Form RD 3560-51 (Part III), ''Multiple Housing Obligation-Fund Analysis,'' or

RD 3560-55, ''Multiple Family Housing Transfer of Rental Assistance,'' for the project located

consisting ofand known as

units. The Government will pay the difference between the Government approved shelter cost for the project and the monthly tenant

contribution as calculated and certified for each tenant household on Form RD 3560-8, ''Tenant Certification.'' Additional attachments

of Form 3560-51 (Part III) or Form RD 3560-55 may be made to, and shall become a part of, this Agreement when properly identified

by case number, project number, dated, and duly executed by both parties.

Section 2 The borrower agrees to abide by the present and future regulations of the Government in the administration of this program.

Section 3 Borrower agrees to use due diligence in the verification and certification of tenants' incomes.

Section 4 In the event that any tenant suffers a hardship because rental assistance may not be available in the project because of the

limitations on the number of units from the Government, the borrower may request additional units. If the Government provides

additional units, then copies of the obligation screens will be attached by the Government to, and become a part of, this Agreement.

Section 5 Borrower agrees to comply with Government priorities for selecting tenants that receive rental assistance.

Section 6 Provisions Applicable if the Borrower is a Cooperative -

(a) The term ''tenant or occupant'' will include a member of a cooperative. The term ''household contribution'' or "rent" will

include the charges under the occupancy agreement between the member and the cooperative.

(b) A member of a cooperative approved for rental assistance shall agree upon a sale of their membership, any equity

attributable to supplemental rent payments will be paid to the Government through the cooperative.

According to the Paperwork Reduction Act of 1995, an agency may not conductor sponsor, and a person is not required to respond to, a collection of information unless it displays a valid

OMB control number. The valid OMB control number for this information collection is 0575-0189. The time required to complete this information collection is estimated to average 20

minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the

collection of information.

Position 2

When the Borrower is a Cooperative:

Section 7 Renegotiation, Modification, Transfer, Termination -

(a) The provisions of the Agreement may be modified, amended, or terminated, upon written agreement of the parties.

(b) If the borrower defaults under any provision of the loan agreement, resolution, note, interest credit agreement, security

instrument, or other supplementary or related agreements, or violates any program regulations, then the Government may suspend or

terminate this Agreement on any specified date following the default.

(c) If the Government determines that rental assistance units are not being used after initial rent-up or are not needed because of

a lack of eligible tenants in the area, then they may be transferred to another project .

Section 8 Term of Agreement and Condition for Termination -

(a) This Agreement and its attachments, and any additional rental assistance will expire automatically upon total disbursement

or credit of rental assistance to the borrower's account, unless earlier suspended, transferred or terminated according to section 7 of this

Agreement.

(b) The attachments, Form RD 3560-51 (Part III) or RD 3560-55, to this Agreement are not renewable. If additional rental

assistance is needed, the borrower may submit a ''Request for Rental Assistance'' on Form RD 3560-7 (Budget) at anytime. If additional

or replacement units are provided, a copy of the AMAS Screen M1BI will be attached to and become a part this Agreement.

Section 9 Special Conditions - The borrower agrees that RD may attach a duly executed Form RD 3560-51 (Part III) or RD 3560-55,

to this Agreement and that it becomes a part hereof, and may be identified in Section 10 below.

(Borrower)

RURAL HOUSING SERVICE

By:

Date:

Record of Attachments For RD 3560-51 (Part III) or RD 3560-55

Section 10

AGREEMENTUNITS##

, .