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(h) "Core Activities" means the acquisition and rehabilitation of <br /> foreclosed upon properties, as defined in the Grant Application, and is inclusive of <br /> properties with one to four units; both rental and ownership tenures; acquisition and <br /> rehabilitation uses; and inclusive of development subsidy and down payment assistance. <br /> (1) "County" means the County of Alameda, in its capacity as a <br /> Member, unless otherwise specified. <br /> (j) "Developer" means a nonprofit partner or affordable housing <br /> developer that provides purchase and rehabilitation services in connection with NSP2 <br /> Activities. <br /> (k) "DRGR System" means the CDBG Disaster Recovery Grant <br /> Reporting System. <br /> (1) "Grant Agreement" means the NSP2 grant agreement that is to be <br /> entered into by the Lead Member and HUD if NSP2 funds are allocated to the <br /> Consortium. <br /> (m) "Grant Application" has the meaning given in Recital D. <br /> (n) "HERA" has the meaning given in Recital A. <br /> (o) "HUD" has the meaning given in Recital B. <br /> (p) "HUD Award Date" means the date HUD signs the Grant <br /> Agreement awarding NSP2 funds to the Consortium. <br /> (q) "Initial Allocation" has the meaning given in Section 2.3 (c). <br /> (r) "Initial Allocation Formula" has the meaning in Section 2.3. <br /> (s) "Lead Member" has the meaning given in the introductory <br /> paragraph and in Recital C. <br /> (t) "Leveraged Funds" means the Mortgage Credit Certificate <br /> allocation funding provided by Alameda County to be used with NSP homes, as specified <br /> in the Grant Application. <br /> (u) "Low- Income Household" means a household whose income does <br /> not exceed fifty percent (50 of the area median income, as determined by HUD. <br /> (v) "Members" has the meaning given in Recital C. <br /> (w) "Middle- Income Household" means a household whose income <br /> does not exceed one hundred twenty percent (120 of the area median income, as <br /> determined by HUD. <br /> Alameda County and City of Pleasanton <br />