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units will be rent-restricted through a rental agreement to qualified low income households after <br /> rehabilitation. This program provides below-market-interest-rate loans to property owners to <br /> complete the rehabilitation. Tenant incomes are verified to determine whether at least half of <br /> the units are occupied by lower income households. The property's operating budget is also <br /> examined to determine the property's long-term financial feasibility and ability to repay the loan. <br /> HOME Investment Partnership funding is allocated to the jurisdictions within the Alameda County <br /> HOME Consortium on a formula basis. HOME funds are distributed throughout all parts of the <br /> HOME Consortium. All activities to be undertaken are intended and open to serve eligible <br /> households living in the Consortium. <br /> DRAFT Annual Action Plan 25 <br /> 2018 <br /> OMB Control No:2506-0117(exp.07/31/2015) <br />