Orange County NC Website
027 <br /> 5. Type(s) of Financial Assistance to be Provided: <br /> a. Grants: No. g Average Amount$ 6,000 <br /> b. Deferred Payment Loans:No. 21 Average Amount$ 6,000 <br /> Proposed Repayment Terms: <br /> Five year forgiveness • <br /> Ten year forgiveness <br /> c. 'Amortizing Loans*: No NSA Average Amount$ <br /> Proposed Terms: <br /> Interest rate % Maximum loan$ <br /> Maximum term years <br /> *Projects that include amortizing loans with monthly payments must <br /> receive prior Agency approval for the underwriting and loan servicing <br /> system to be used. <br /> 6. Describe Additional Priority Criteria to be Addressed by the Project <br /> a. To serve households with special needs(e.g.,elderly,handicapped and large <br /> families) <br /> b. To expand housing opportunities for lower-income households <br /> c. To upgrade properties currently not meeting minimum health and safety <br /> standards This oroaram will seek p provide.assi- - o - <br /> •ro•-rt owners to .ve dwellin•s which do not conform to the <br /> • <br /> County's Minimum Housing Code. • <br /> • <br /> 7 <br />