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Docusign Envelope ID:7208C774-7FB3-420E-A93E-5DE887787BB7 <br /> interest waivers,including a Phased Implementation Waiver. Over the course of two years,under <br /> this waiver,HUD will implement the BAP in an incremental process for all HUD programs, <br /> including CPD programs,to come into compliance with BABA. This phased approach is also <br /> intended to reduce the burden on grantees due to the uncertain costs of compliance with the BAP. <br /> This approach is also intended to provide transparency concerning the full implementation plans in <br /> connection with HUD infrastructure projects.HUD wants to avoid any unnecessary and undue <br /> hardships that could j eopardize the timely and cost-effective completion of projects that previously <br /> were not subject to a BAP and to allow time for grantees to come into full compliance. <br /> In the table below,the columns identify four separate categories of covered materials subj ect <br /> to the BAP(iron and steel, specifically listed construction materials,not listed construction <br /> materials, and manufactured products)and the rows identify covered HUD programs. To use the <br /> table,find the program that funds the project under consideration,then find the covered materials <br /> that will be used in the project. The cell in the table where the applicable row and column intersect <br /> indicates the date on which the BAP will begin applying to the specific materials used in the proj ect <br /> under consideration. It is important to note that the date of obligation is the date on which HUD <br /> executed the legal instrument creating the relationship between HUD and the grantee for an award <br /> of FFA, commonly the date the grant agreement is signed by HUD. <br />