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Compliance with Federal and Local Regulations <br />All projects must comply with all applicable federal requirements contained in 24 CFR 982, <br />including, but not limited to, environmental review, labor and wage requirements, debarred <br />contractors, lead -based paint and equal opportunity. Borrowers should note: <br />Contract Requirements: All work shall be completed by licensed contractors. All contracts must <br />comply with competitive bidding requirements. <br />Labor Standards: A project with nine or more residential units must comply with the Federal <br />Labor Standards, including the Davis -Bacon Act requirements, as promulgated by HUD, and set <br />forth in 24 CFR Part 570, Subpart K in the performance of the rehabilitation or construction <br />work financed by the loan. Contracts over $10,000 must comply with Equal Opportunity <br />Affirmative Action requirements of Section 3 of the Housing Urban Development Act of 1968. <br />All efforts shall be made to provide equal opportunity for employment without discrimination as <br />to race, marital status, sex, color, age, religion, national origin or ancestry, and to seek out <br />qualified local tradespeople for contracting and subcontracting bids. <br />Lead -based Paint: Housing assisted with PBV funds constitutes HUD -associated housing for <br />the propose of the Lead -Based Paint Poisoning Prevention Act and the Lead Safe Housing Rule, <br />and is therefore subject to 24 CFR Part 35. Unless otherwise provided, borrowers are <br />responsible for testing and abatement. <br />Accessibility: All projects must comply with the federal Section 504 Disabled Accessibility <br />regulations contained in Sections 8.22 and 8.23 of Subpart C, 24 CFR Part 8. <br />Affordable Housing Funds Policies and Procedures Page 35 <br />75B-100 <br />