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7 <br />From three to five approved contractors will be invited to bid on each job, and the lowest <br />responsive and responsible bidder will be selected for the contract. "Responsive and <br />responsible" means the contractor (1) is deemed able to complete the work in a timely <br />fashion, and (2) that the bid is within 15% (in either direction) of Orange County's cost <br />estimate. In the event that more than five approved contractors wish to compete, licensed <br />contractors will take precedence. If required, lead based paint hazard reduction and /or <br />abatement will be performed by contractors who are trained and certified to perform such <br />work. <br />What are the steps in the process, from application to completion? Now that you <br />have the information about how to qualify for the 2014 Single - Family Rehabilitation <br />Loan Pool Program, what work can be done, and who will do it, let's go through all the <br />major steps in the process: <br />1. Completing an Application form: Homeowners who wish to apply for assistance <br />must do by October 31, 2014. Apply by contacting Renee D. Holmes, Housing <br />Programs Coordinator, at (919)245 -2495. Proof of ownership and income will be <br />required. Those who have applied for housing assistance from Orange County in <br />the past will not automatically be reconsidered. A new application must be <br />submitted. <br />2. Preliminary Inspection: Orange County Rehabilitation Specialist will visit the <br />homes of eligible households to determine the need and feasibility of the home for <br />rehabilitation. <br />3. Screening of applicants: Applications will be rated and ranked by Orange County <br />based on the priority system outlined on page 3 and the feasibility of rehabilitating <br />the house. Households to be offered assistance will be selected by November 30, <br />2014. Household income will be verified for program purposes only (information <br />will be kept confidential) and ownership of property will be verified by conducting <br />a title search. From this review, the three (3) most qualified applicants will be <br />chosen according to the priority system described above. There will also be a list of <br />two (2) alternates. Orange County will then submit to NCHFA a SFRLP14 Loan <br />Application and Reservation Request form for each potential borrower for approval <br />of SFR funding. Applicants not selected for SFR will be notified in writing. <br />4. Written agreement: Upon verification of ownership resulting from the title <br />search, a written agreement between the homeowner and Orange County will be <br />executed by both parties. This agreement will certify that the property is the <br />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 <br />form of assistance being provided to the homeowner by Orange County, the scope <br />of work to be performed, the date of completion and the rehabilitation standards to <br />be met. <br />31 <br />