Agenda - 06-18-2002 - 9c - Laserfiche WebLink

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S homeowners/tenants may call (919)245-2490. Proof of ownership and family Income will be required. Income will be defined as the gross amount received annually from all sources by every person residing in the dwelling, including wages, pension, Social Security, interest, rent, dividends, etc. A third parry must verify all family income. Applicants eligible for grants will be required to execute a grant agreement. Terms of Assistance 2001 Income Limits for the County of Orange N �)1�14e y' ��Y:uMif.l M'i 1 513900 $3$150 $36,t5a 2 $16 850 6,]50 $1;000 9 $1)850 $29,750 III 4 $19950 $33,050 $52,500 s $31p00 $35,300 $60,90 6 $23000 $3930 _ Sag90o 3 $24600 X100 Vi,Go 6 $3B 200 $43650 569,900 "The income limits are based on the HUD published FY 2001 Median Income of $66,100 for a family of Pour in the Raleigh-Durham-Chapel Hill Metmpolilan Statistical Area. Median income is established once yearly, subsequently the income limits for this program will be adjusted annually in accordance with the published median income. Phase I—Grant Program For appiicantaftensnts with household incomes that fall 80%and below of the area median, assistance b these families will be provided in the form of a grant. (See Mart above.) Applicants in this category could fall in the following configurations. e_ Low Income Homeowner I. Low Income Tenant- Low Income Landlord c. Low Income TenanD Over Income Landlord it Over Income Tenant— Low Income Land crd All landlords participating in this program will be required to agree to a rental rate agreement that allows a rent increase of no more than 10% in any given year and no more then a cumulative increase of W%for a period of five(5)years after connection to the Ci water system. All grant recipients will be required to execute a Grant Agreement with the County.