Policy - Orange County Assistance Policy for the 2017 Cycle of the Essential Single-Family Rehabilitation Loan Pool

Browse Search

What Types Of Houses Are Eligible? Properties are eligible only if they meet all of the following requirements: • The property must require at least $5,000 of improvements to meet ESFRLP Property Standards or the local minimum housing code. • Site-built and off frame modular units are eligible for assistance. Manufactured housing is eligible for assistance if the foundation and utility hookups are permanently affixed including removal of all transporting equipment (e.g. wheels, axles, tongue) and installation of a full masonry foundation and tie-downs. • No more than fifty percent (50%) of the total area of the unit may be used for an office or business (e.g. day care). Program funds may only be used to improve the residential portion of mixed-use buildings. • The property must be free of environmental hazards and other nuisances as defined by all applicable codes or regulations, or any such hazards or nuisances must be corrected as part of the rehabilitation of the home. Orange County's Rehabilitation Specialist will determine the presence of any known environmental hazards/nuisances on the site and if they can be removed through rehabilitation. • Properties cannot be located in the right-of-way of any impending or planned public improvements. Orange County staff will assist in making this determination. • The property cannot be located on a site that is endangered by mudslides, landslides or other natural or environmental hazards. If needed, the Rehabilitation Specialist will work with the homeowner to make this determination. • The property may be located in the 100 year flood plain if the lowest finished floor level (verified by an elevation certificate provided by the homeowner) is above the base flood elevation and the property will be covered by flood insurance. The property must be in compliance with Orange County's flood plain ordinance. All things considered equal, properties located outside the 100-year flood plain will be given priority over properties located in the 100-year flood plain. (Orange County will verify whether the home is in the flood plain.) • The property cannot have been repaired or rehabilitated with public funding of $25,000 or more within the past 10 years without NCHFA approval. 2016 Income Limits for Orange County's Essential Single-Family Rehabilitation Loan Pool Um, t N rr I a�dld, Media { b " Irtccrt Iname" E 1 $14,850 $24,750 $39,600 2 $17,000 $28,300 $45,250 3 $19,100 $31,850 $50,900 4 $21,200 $35,350 $56,550 5 $22,900 $38,200 $61,100 6 $24,600 $41,050 $65,600 7 $26,300 $43,850 $70.150 8 1 $28,000 1 $46,700 $74,650 *Income limits are subject to change based on annually published HUD HOME Limits. 2