The Neighborhood Opportunity Fund may be used for the following costs when such costs are necessary or desirable for, or in support of, one or more authorized uses:
(a) costs to acquire, rehabilitate, or demolish substandard, obsolete, or vacant buildings, including planning and design costs;
(b) costs to plan, design, and construct new buildings, not to exceed 50% of total project costs for a Group I Award or 30% of total project costs for a Group II Award;
(c) costs to plan, design, and construct public infrastructure directly related to projects under subsections (a) and (b) of this section;
(d) financing costs related to projects under subsections (a), (b), and (c) of this section;
(e) costs of job support used to recruit, hire, and retain job seekers who reside in qualified investment areas for identified jobs created by projects funded under subsections (a), (b), or (c) of this section;
(f) training costs, provided that such training costs shall not exceed 5% of the Neighborhood Opportunity Fund; and
(g) administrative, reporting, and monitoring costs and expenses of the Neighborhood Opportunity Fund, provided such costs and expenses may not exceed 5% of the Fund.
(Added Coun. J. 5-18-16, p. 24993, § 2; Amend Coun. J. 2-19-20, p. 14012, § 8)