Agenda - 10-15-2002 - 9a - Laserfiche WebLink

Browse Search

n A'fTACEWNT 1 —ELIGIBLE PROJECTS It be the intention of the ROCC that a wide rouge of projects is eligible for bond funding, including projects of mized-teaure nature,he. mixing different housing types together W one project Production of nose-traditional housing types-such as duplexes,single room occupancy(SROH,group homes,and transitional housing—is also encouraged.If a prospective applicant ti considering a project that is not included In the list of eligible projects,then the applicant should request a pre-applicufiun conference with the Director of Housing and Community Development and the Chair of the IRS Committee to determine bow the project will be evaluated by the current centered The following housing programs are also eligible for funding. Exhatim,Housing Programs Aftordable Housing Loan Program: The focus of fie homeovmerJup Program would he direct siosice to eligible bormwera. An eligible bomrowner is one Wet ham not owned a home in We peal Cow,(3)years. Incord igi3le l mowers would be prequalified for first cod second mortgages by a local housing non-profit simony curb fee Cooperman of local tacos. All msiousAve Mmcbuyers would have to complete a county-approved homebuyer education program prim m receiving approval to meren ak in We Program The County would provide a pre.corno m,ent" letter to Ihn borrower, who could Wcin porches¢a mandmd home available on We member tout shay could afford and feet sold f less than We FHA maximum oaks price for this area The eligible burrower nano provide a mmimum of S750 crib conuiburom W this mnsamlom Befuddlement of Substandard Housing — Second Mortgage: This program would provide direct assistance to ehmble hurnmen es and 501(0)(3) nor Issue organizations thm own noel propmy for readedgetion of units wind code violations. Community Revitalization Lem Program: Loss program would provide aseigmce with the pmchace and rehabilitation of existing property by fmteme homebuyers. The guidelines governing flue program will be in commerce wuh We msfu,g Conroy and Tovm of Gapd Hill Pmgmrns with the name come. Acguldtlon for Low Income Rental Homing: Funds would be used to assist local 501(cx3) rob zations linemen, end, if necessary, reaovate available popary for Imse to low-income Ormge Camry+osidents, Urgent Repair Program The iaogmm would be used to provide funds Ln Ygmc repairs that cumin& Potential life in Safety threats W law-income homeoamers and/or enable the elderly mW disabled to vermin In their homes hyproviding ecsmmil accessibility modufwations. Near Construction Wastructo Assistance may be Provided m nm-mofit housing developers of new construction Projects for fire time bomehuyem and/or renters. A Builder Participation Agreement would set aside a funding allocation for second mongoges m d<velopersrhomeFUyers in a specific project. For rental projects. We use of Indent memmes her awdifu and Scenon 8 watificaws ago vouchers most be udhred ifawllable