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2006-359
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2006-359
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Last modified
8/31/2016 12:06:37 PM
Creation date
9/30/2015 10:13:36 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Plan
Approved Date
10/24/2006
Control Number
2006-359
Agenda Item Number
7.F.
Entity Name
SHIP Local Housing Assistance (LHAP)
Subject
2006-07, 2007-08, 2008-09 Guidelines, procedures and strategies
Supplemental fields
SmeadsoftID
5901
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f . Recipient Selection Criteria : <br /> Applications will be reviewed based on a first come first reviewed <br /> basis , and applicants will be chosen per the following criteria <br /> • Income Eligibility <br /> Employment Verification <br /> • Asset Verification <br /> • Homebuyer Status <br /> g . Sponsor Selection Criteria : <br /> Non - profit organizations or for - profit developers only when the impact <br /> fee/ capacity charges grant is a match for another housing program, such <br /> as the CDBG Program , Home Investments Partnership ( HOME ) , Low Income <br /> Tax Credit Program ( LITC ) , State Apartment Incentive Loan Program <br /> ( SAIL ) , Multi - Family Mortgage Revenue Bond Program , Community Workforce <br /> Housing Innovation Pilot Program ( CWHIP ) , or other state and federal <br /> housing programs . <br /> Non-profit organizations or for -profit developers eligible to <br /> participate in the local housing assistance program shall be selected <br /> according to the following criteria : <br /> Ability to proceed with the construction or rehabilitation <br /> activities and receive a certificate of occupancy within one <br /> year of the closing transaction date <br /> • Number of units provided per year <br /> Ability to provide maximum leverage against SHIP funds <br /> The length of time the organization has been in Indian River <br /> County <br /> Experience in the development of affordable housing <br /> • The non-profit organization must be an entity with current <br /> 501 ( c ) ( 3 ) tax- exempt status <br /> Priority will be given to organizations , which employ personnel <br /> from the WAGES and Workforce Development Initiatives programs <br /> h . Additional Information : <br /> i . Geographic Area <br /> Impact fee / capacity charge grants may be made anywhere in the <br /> County , including all municipalities located within the <br /> County . <br /> ii . Housing Unit Classification <br /> All housing units shall be owner - occupied . <br /> iii . Impact fee / capacity charges grants may be given in combination <br /> with Rehabilitation Grants . <br /> 5 <br />
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