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to provide the job training andlor supportive services; and the proportion of <br />' the total cost attributed to CDBG is no greater than the proportion of the total <br /> number of Low and Moderate income persons benefiting. <br /> Low and Moderate Income Housin� <br /> These activities will result in housing occupied by Low and Moderate income <br /> persons. The housing units may be either owner occupied or renter occupied and ' <br /> can be either single family or multi-unit structures. When the housing is to be <br /> rented, it must be occupied at affordable rents. <br /> Low and Moderate Income Jobs <br /> A Low and Moderate income jobs activity is one which creates or retains <br /> permanent jobs, at least 51% of which, on a full time equivalent (FTE) basis are <br /> either held by Low and Moderate income persons or considered to be available to <br /> Low and Moderate income persons. Most job creation or retention activities <br /> emanate from special economic develo�ment activities in accordance with 24 <br /> CFR 570.203. These activities may meet the Low and Moderate income benefit <br /> in one of the following three ways: <br /> 1) Be located in a predominantly Low and Moderate income neighborhood and <br /> serve the Low and Moderate income residents; or <br /> 2) Involve facilities designed for use predominantly by Low and Moderate <br /> income persons; or <br /> 3) Involve the employment of persons, the majority of whom are Low and <br /> Moderate income persons <br /> Proposed Section 108 Loan Application Page 7 06/11/02 <br />