Parcel to Parcel Linkage Project 1: Kingston-Bedford/essex And Parcel 18: Challenge Track
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m) Such other criteria as the Trustees may establish in a request for proposals or alternative application procedures . G. PROCEDURES FOR OBLIGATING AND MONITORING THE USE OF TRUST FUNDS 1. Letter of Award The Trust shall notify parties selected to receive Trust distributions through a letter of award. Letters of award shall indicate the amount of funds to be obligated, when such funds shall be available, and the terms and conditions which shall apply to the award. The letter of award shall spe...cify that no funds shall be released until execution of a housing payment agreement between the Trust and such grantee. 42 2. Housing Payment Agreement Upon countersignature of the letter of award, the Trust and grantee shall develop and execute a housing payment agreement which.specif ies in greater detail how the granted funds shall be disbursed and monitored. At a minimum, such housing payment agreement shall specify the timing of disbursements, the mechanisms required of the grantee to ensure long-term af f ordability , and the monitoring and enforcement procedures to be employed by the Trust to ensure compliance with the terms and conditions of the award.
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