New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 21. Miscellaneous |
Chapter XXXV. New York State Housing Finance Agency |
Subchapter B. Affordable Home Ownership Development Program |
Part 2173. Corrective and Remedial Actions |
Sec. 2173.2. Curing performance deficiencies
Latest version.
- The corporation, if it deems it appropriate to cure performance deficiencies, may take, among others, the following actions:(a) direct the grantee to submit progress schedules for completing approved activities;(b) issue a letter of warning advising the grantee of the deficiency, establishing a date for corrective actions, and putting the grantee on notice that more serious actions will be taken if the deficiency is not corrected or is repeated;(c) inform the grantee that certifications of any information the corporation requires are no longer acceptable, and that additional information or assurances are required;(d) direct the grantee to establish and follow a management plan that assigns responsibilities for carrying out remedial actions;(e) direct the grantee to suspend, discontinue, or not incur costs for the affected activity;(f) direct the grantee to reimburse the grantee's program account in any amounts improperly expended;(g) change the method of payment from advance payment basis to a reimbursement basis; or(h) direct the grantee to cancel the development grant project before expending further funds.