S Housing - Assistance Policy for the 2014 Cycle of the Single-Family Rehabilitation Loan Pool - 10-7-2014 - 6f

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estimate. In the event that more than five approved contractors wish to compete, licensed contractors will take precedence. If required, lead based paint hazard reduction and/or abatement will be performed by contractors who are trained and certified to perform such work. What are the steps in the process, from application to completion? Now that you have the information about how to qualify for the 2014 Single-Family Rehabilitation Loan Pool Program, what work can be done, and who will do it, let's go through all the major steps in the process: 1. Completing an Application form: Homeowners who wish to apply for assistance must do by October 31, 2014. Apply by contacting Renee D. Holmes, Housing Programs Coordinator, at (919)245-2495. Proof of ownership and income will be required. Those who have applied for housing assistance from Orange County in the past will not automatically be reconsidered. A new application must be submitted. 2. Preliminary Inspection: Orange County Rehabilitation Specialist will visit the homes of eligible households to determine the need and feasibility of the home for rehabilitation. 3. Screening of applicants: Applications will be rated and ranked by Orange County based on the priority system outlined on page 3 and the feasibility of rehabilitating the house. Households to be offered assistance will be selected by November 30, 2014. Household income will be verified for program purposes only (information will be kept confidential) and ownership of property will be verified by conducting a title search. From this review, the three (3) most qualified applicants will be chosen according to the priority system described above. There will also be a list of two (2) alternates. Orange County will then submit to NCHFA a SFRLP 14 Loan Application and Reservation Request form for each potential borrower for approval of SFR funding. Applicants not selected for SFR will be notified in writing. 4. Written agreement: Upon verification of ownership resulting from the title search, a written agreement between the homeowner and Orange County will be executed by both parties. This agreement will certify that the property is the principal residence of the owner, that the post-rehab value of the property will not exceed 95% of the median sales price limits established by HUD and define the amount and form of assistance being provided to the homeowner by Orange County, the scope of work to be performed, the date of completion and the rehabilitation standards to be met. 5. Pre-rehab inspections & unit evaluation: Orange County's Rehabilitation Specialist will visit the home again for a more thorough inspection. All parts of the home must be made accessible for inspection, including the attic and crawlspace. The owner should report any known problems such as electrical short circuits, blinking lights, rook leaks, etc. Each unit will be evaluated for energy-saving 6 I I