§ 1272. Access to home for heroes contracts. 1. Within the limit of
funds available in the access to home for heroes program, the
corporation is hereby authorized to enter into contracts with eligible
applicants to provide financial assistance for the actual costs of an
access to home for heroes program. Such costs may include the costs of
repairs of eligible properties, provided that such repairs are related
to the adaptation or retrofitting of such eligible properties, that such
repairs are related to the habitability of such eligible properties, and
that the access to home for heroes funds provided to cover the cost of
such repairs does not exceed sixty percent of the access to home for
heroes program grant or loan. The financial assistance shall be in the
form of grants. No more than fifty percent of the total amount awarded
pursuant to this article in any fiscal year shall be allocated to access
to home programs located within any single municipality.

2. 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.

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

4. The corporation shall require that, in order to receive funds
pursuant to this article, the eligible applicant shall submit a plan
which shall include, but not be limited to, program feasibility, impact
on the community, budget for expenditure of program funds, a schedule
for completion of the program, affirmative action and minority business
participation.