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NCHFA HOME IMPROVEMENT LOAN PROGRAM <br /> COMMITMENT FORM - <br /> 079 <br /> FUNDING LEVELS <br /> Funding Level A <br /> Cities with population of 100.001 and above will be eligible for an allocation <br /> amount of $100,000 broken down as follows: <br /> Interest Number Avg. Amount of <br /> Rate of loans Rehab Cost = Funds Available <br /> 7.71 6 x 10,000 = $ 60,000 <br /> 3..01 4 x 10,000 = 40,000 <br /> Total Funding Level $100,000 <br /> Funding Level B <br /> Cities with population of 25,001 to 100,000 will be eligible for an allocation <br /> amount of $70,000 broken down as follows: <br /> Interest Number Avg. Rehab Amount of <br /> Rate of loans x Cost = Funds Available <br /> 7.71 4 x 10,000 = $ 40,000 <br /> 3.01 3 x 10,000 = $ 30.000 <br /> Total Funding Level $ 70,000 <br /> * Funding Level C <br /> Cities with population less than 25,000, counties and non profit organizations <br /> will be eligible for an allocation amount of $50,000 broken down as follows: <br /> Interest Number Avg. Rehab Amount of <br /> Rate of loans x Cost = Funds Available <br /> 7.71 3 x 10.000 = $ 30,000 <br /> 3.01 2 x 10,000 = $ 20.000 <br /> Total Funding Level $ 50,000 <br /> * The County is only eligible for Funding Level C. <br />