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8 <br />4. Written Agreement: A ~r~ritten agreement the Homeowner Agreement. between the <br />homeowner and Orange County will be executed as part of the Loan Application. procedure <br />arld formally commits funds to tlae dtivellina units. ' „^~ _;~;r..,:^•~ ^f <br />~. <br />r'^ ~ +~~ ~ •~~~ ~° ° ^~~*°a ~~- ~^*~ r~r*=°°. This agreement will certify that the property is <br />the principal residence of the owner, that the post-rehab value of the property will not <br />exceed 95% of the 203(b) limits established by HUD and define the amount and form of <br />assistance being provided to the homeowner by Orange County, the scope of work to be <br />performed, the date of completion and the rehabilitation standards to be met. <br />5. Pre-rehab Inspections & Unit Evaluation: Orange County's Rehabilitation Specialist <br />will visit the home again for a more thorough inspection. All parts of the home must be <br />made accessible for inspection, including the attic and crawlspace. The owner should report <br />any known problems such as electrical short circuits, blinking lights, rook leaks, etc. Each <br />unit will be evaluated for energy-saving opportunities such as air-sealing and duct-sealing <br />as well as for environmental concerns, such as lead based paint hazards and high levels of <br />radon. <br />6. Work Write-up: The Rehabilitation Specialist will prepare complete and detailed work <br />specifications (known as the "work write-up"). A final cost estimate will also be prepared <br />by the Rehabilitation Specialist and held in confidence until bids are received from the <br />contractor. <br />7. Lead Testing: Orange County will arrange for a certified firm to inspect the home for <br />potential lead hazards. The owner will receive information covering the results of the tests <br />and any corrective actions that will be needed as part of the rehabilitation. <br />b <br />9:#3.Bidding: The work write-up and bid documents will be mailed to three to five contractors <br />from the Approved Contractors Registry who will be given two to three weeks in which to <br />inspect the property and prepare a bid. A bid opening will be conducted by Orange <br />County's Housing, Human Rights and Community Development office at a specified date <br />and time, will all bidders and homeowners invited to attend. <br />~9. Contractor Selection: Within 24 hours of the bid opening, after review of bid <br />breakdowns and construction schedules, the winning bidder will be selected. All bidders <br />and the homeowners will be notified of (1) the selection of the winning bid, (2) the amount <br />of the winning bid; (3) the amount of Orange County's cost estimate, and (4) the specific <br />reasons for the selection, if other than the lowest bidder was selected. <br />-1-1:10. Loan Closing and Contract Execution: Loan documents will be prepared by <br />I~~CEiF4 and executed by the homeotivner. By law. homeowner's have the right to hire legal <br />representation of their choosing at loan closin#<Y. If homeowner does not have <br />``representation" at the closing the borro«~er must sign a. NCHFA "Unrepresented. <br />7 <br />