Agenda - 05-20-2003-10a - Laserfiche WebLink

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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 party 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 Number in Household 1 30% of Me $13,900 edian (' 1- Low in, -me" $23,150 % ff Median { "LQw Income'} $36,750 2 $15,850 $26,750 $42,000 3 $17,850 $29,750 $47,250 4 $19,850 $33,050 $52,500 5 $21,400 $35,700 $56,700 6 $23,000 $38,350 $60,900 7 $24,600 $41,000 $65,100 8 $26,200 $43,650 $69,300 *The income limits are based on the HUD published FY 2001 Median Income of $66,100 for a family of four in the Raleigh- Durham - Chapel Hill Metropolitan 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 applicants /tenants with household incomes that fall 80% and below of the area median, assistance to these families will be provided in the form of a grant. (See chart above.) Applicants in this category could fall in the following configurations. a. Low Income Homeowner b. Low Income Tenant - Low Income Landlord C. Low Income Tenant - Over Income Landlord d. Over Income Tenant — Low Income Landlord 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 than a cumulative increase of 30% for a period of five (5) years after connection to the OWASA water system. All grant recipients will be required to execute a Grant Agreement with the County. 2 m