(1) Grants may be provided to local governments for: (a) A newly incorporated neighborhood housing services corporation project; (b) An expansion of an existing neighborhood housing services corporation project to include new geographical areas; and (c) A continuation of an existing neighborhood housing services corporation project, but only if at least one-third of the total operating budget for the grant year is funded by the private sector. (2) Each individual project of a local government having one or more projects within its jurisdiction is eligible for funding. (3) In no case shall more than $150,000 be granted to a local government for projects within its jurisdiction within a 12-month period.
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