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Agenda - 06-21-2022; 8-h - Updates to the Assistance Policy for the 2020 North Carolina Housing Finance Agency (NCHFA) Essential Single Family Rehabilitation Loan Pool (ESFR20)
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Agenda - 06-21-2022; 8-h - Updates to the Assistance Policy for the 2020 North Carolina Housing Finance Agency (NCHFA) Essential Single Family Rehabilitation Loan Pool (ESFR20)
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6/16/2022 2:39:06 PM
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6/21/2022
Meeting Type
Business
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Agenda
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8-h
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Agenda for June 21, 2022 BOCC Meeting
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5 <br /> n4&CHCD <br /> ORANGE COUNTY MOUSING&COMMUNITY DEVELOPMENT <br /> applicable codes or regulations, or any such hazards or nuisances must be corrected as part of <br /> the rehabilitation of the home. Orange County's Rehabilitation Specialist will determine the <br /> presence of any known environmental hazards/nuisances on the site and if they can be <br /> removed through rehabilitation. <br /> • Properties cannot be located in the right-of-way of any impending or planned public <br /> improvements. Orange County staff will assist in making this determination. <br /> • The property cannot be located on a site that is endangered by mudslides, landslides or other <br /> natural or environmental hazards. If needed,the Rehabilitation Specialist will work with the <br /> homeowner to make this determination. <br /> • The property may be located in the 100-year flood plain if the lowest finished floor level <br /> (verified by an elevation certificate provided by the homeowner) is above the base flood <br /> elevation and the property will be covered by flood insurance.The property must be in <br /> compliance with Orange County's flood plain ordinance. All things considered equal, properties <br /> located outside the 100-year flood plain will be given priority over properties located in the 100- <br /> year flood plain. Orange County will verify whether the home is in the flood plain. <br /> • The property cannot have been repaired or rehabilitated with public funding of$30,000 or <br /> more within the past ten (10) years without NCHFA approval. <br /> How are applications ranked? <br /> There are many more ESFRLP-eligible households (with eligible houses)than can be assisted with the <br /> available funds.Therefore, Orange County has devised the following priority system to rank eligible <br /> applicants, determine which of them will be selected for assistance and in what order. Under this <br /> system, applicants will receive points for falling into certain categories. Applications will be ranked <br /> according to which receive the most points. If there are more eligible applicants with eligible houses <br /> than can be treated with existing funding, Orange County may be able to treat additional houses with <br /> unrestricted pool funds Pool applicants will come from the original applicant list and be considered <br /> according to which received the most points. If alternate pool applicants are not identified on the <br /> original applicant list and must be solicited,the solicited, eligible, pool applicants will be selected on a <br /> first come, first to qualify basis. <br />
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