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Agenda - 10-07-2014 - 6f
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Agenda - 10-07-2014 - 6f
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6/8/2015 11:02:57 AM
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10/3/2014 2:36:00 PM
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BOCC
Date
10/7/2014
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-f
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Minutes 10-07-2014
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\Board of County Commissioners\Minutes - Approved\2010's\2014
S Housing - Assistance Policy for the 2014 Cycle of the Single-Family Rehabilitation Loan Pool - 10-7-2014 - 6f
(Linked From)
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\Board of County Commissioners\Various Documents\2010 - 2019\2014
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maintenance requirements for the new equipment and appliances and discuss <br />general maintenance of the home with the homeowner. The homeowner will have <br />the opportunity to ask any final questions about work. <br />18. Recordation and assignment: As soon as possible after the contractor has been <br />selected, and prior to beginning work, Orange County staff and the homeowner will <br />execute the required promissory note deed of trust. These documents are then <br />recorded by the Orange County staff. If, upon completion of all rehabilitation <br />work, the contract price has changed due to the effect of change orders, Orange <br />County staff will execute and record a loan modification agreement reflecting the <br />resulting increase in the original loan amount. If the amount of the loan is <br />decreased due to a change order, then an Estoppel Agreement is executed by <br />NCHFA, reducing the amount of the lien. <br />19. The warranty period: It is extremely important that any problems with the work <br />that was performed be reported by the homeowner, to the Rehabilitation Specialist, <br />as soon as possible. All bona fide defects in materials and workmanship reported <br />within one year of completion of construction will be corrected free of charge. <br />What are the key dates? If after reading this document, you feel that you qualify for <br />this program and wish to apply, please keep the following dates in mind: <br />• Applications available to the public starting September 1, 2014. <br />• Applications must be turned in to Orange County by 5:00 PM on October 31, <br />2014. <br />• Selection of units will be made monthly on September 30, October 31, and <br />November 28, 2014. <br />• All rehabilitation work must be under construction by December 31, 2016. <br />• All rehabilitation work must be completed by June 30, 2017. <br />How do I request an application? <br />Contact: <br />Renee D. Holmes, Housing Programs Coordinator <br />Orange County Housing, Human Rights and Community Development <br />300 W. Tryon Street <br />PO Box 8181 <br />Hillsborough, NC 27278 <br />Phone: (919)245 -2495 <br />Or request by mail at: <br />Orange County Housing, Human Rights and Community Development Department <br />300 W. Tryon Street <br />PO Box 8181 <br />Hillsborough, NC 27278 <br />0j <br />10 <br />
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