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[ ] Property Management <br /> The standards described in 24 CFR Part 570.505 Subpart J shall apply to <br /> all real property which was acquired or improved in whole or in part <br /> using CDBG funds in excess of $25,000. These standards apply for a <br /> period of five (5) years after the termination of this agreement. <br /> [ ] Land Disposition Agreement <br /> This agreement, executed between Hennepin County and the subrecipient <br /> community, contains the terms under which the community can acquire and <br /> hold land for a specified use and time period. <br /> [X] Low and Moderate Income <br /> Using the applicable Section 8 income limits established by HUD, it shall <br /> be demonstrated that a low- and moderate-income activity so indicated in <br /> 5. Benefit, above, meets one of the four criteria of 24 CFR Part 570.208, <br /> relating to: <br /> [ ] Area Benefit <br /> [X] Limited Clientele <br /> [ ] Housing <br /> [ ] Job Creation or Retention <br /> [ ] Prevention or Elimination of Slums and Blight <br /> • It shall be demonstrated that a slum and blight activity so indicated in <br /> 5. Benefit, above, meets one of the following criteria: <br /> [ ] Area Determination. The boundaries of the slum or blighted area <br /> must be defined and meet the requirements of 24 CFR Part 570.208 <br /> (b)(1) . <br /> [ ] Spot Basis. The specific conditions of blight or physical decay not <br /> located in a slum or blighted area must be described. <br /> [ ] Urgent Community Need <br /> It shall be demonstrated that an urgent need activity, so indicated in 5. <br /> Benefit. above, is designed to alleviate a recent (within 18 months) <br /> condition which poses a serious and immediate threat to the health or <br /> welfare of the community. <br /> [ ] Other Requirements <br />