§ 1262. Residential emergency services to offer home repairs to the
elderly contracts. 1. Within the limit of funds available in the
residential emergency services to offer home repairs to the elderly
program, the corporation is hereby authorized to enter into contracts
with eligible applicants to provide financial assistance for the actual
costs of a residential emergency services to offer home repairs to the
elderly program. The financial assistance shall be either in the form of
grants or loans, as the corporation shall determine. Funds must be used
for one- to four-unit dwellings that are owned and occupied by eligible
households, and work undertaken cannot exceed twenty thousand dollars
per building. No more than fifty percent of the total amount awarded
pursuant to this article in any fiscal year shall be allocated to any
residential emergency services to offer home repairs to the elderly
program located within any single municipality.

2. From the date of the emergency referral, all repairs must be
completed within sixty business days of the start of the repairs
provided, however, that the commissioner shall grant the eligible
applicant additional time for good cause.

3. The total payment pursuant to any one contract shall not exceed
five hundred thousand dollars and the contract shall provide for
completion of the program within a reasonable period, as specified
therein, which shall not in any event exceed three years from its
commencement. Upon request, the corporation may extend the term of the
contract for up to two additional one year periods for good cause shown
by the eligible applicant.

4. The corporation shall authorize the eligible applicant to spend ten
percent of the contract amount for approved planning and administrative
costs associated with administering the program.