Agenda - 09-02-2008 - 4g - Laserfiche WebLink

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2008 Income Limits for Orange County's Single-Family Rehabilitation Program Number in Household 3D% of Median 50% of Median ("Very Low Income' 80% of Median (°Low Income") 1 $15,000 $24,950 S39 950 2 $17,100 $28,500 $45,650 3 $19,250 $32,100 $51,350 4 $21,400 $35,650 $57,050 5 $23,100 $38,500 $61600 6 $24,800 $41,350 ;66 200 7 $26,550 $44,200 $70 750 8 $28,250 $47,050 $75 300 What types of houses are eligible? Properties are eligible only if they meet all of the following requirements: • The property must be an owner-occupied, single-family house within Orange County. • The property must require at least $5,000 of improvements in order to meet SFR program standards. • 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 unit. The County's Rehabilitation Specialist will determine whether there are environmental hazards/nuisances present on the site and if they can be removed through rehabilitation. • The property must be economically feasible to rehabilitate. This means that it must be possible to bring the unit into compliance with all SFR2008 rehabilitation standards at a cost not exceeding the program limits, which is the lesser of $40,000 or $48,000 for homes that require lead hazard reduction. • The average cost of rehabilitation for the 10 units to receive assistance must be less than $37,500, therefore some applicants may have to be declined in order to keep the average cost below that level. • Properties cannot be located in the right-of--way of any impending or planned public improvements. The County's Rehabilitation Specialist will assist in making this determination. • The property must be current with all taxes. County staff will assist in verifying status. • The property cannot be located on a site that is endangered by mudslides, landslides or other natural or environmental hazards. The Rehabilitation Specialist will work with the homeowner to make this determination, if needed. • Manufactured housing is not eligible for assistance. • The property may not be located in a flood hazard area. (Orange County will verify whether the home is in the flood plain.)