Laserfiche WebLink
3 . Applicants who submit a complete NSP CDBG application package will be <br /> considered "qualified homebuyers" to participate in the NSP CDBG home <br /> purchase program,_provided they meet all NSP participation requirements . <br /> Qualified homebuyers will be ranked on a first qualified, first complete <br /> application basis . <br /> 4 . When --c o�housing units are ready for resale to qualified homebuyers ,Fequi effiefits . At that ineeting <br />, a list of the hotising units will b provided W the <br /> -a <br /> the list of available housing units may will be provided to and <br /> reviewed with qualified homebuyer applicants through use of e-mail mail, phone, <br /> and/or one- on-one appointments . <br /> 5 ' A fjr-,# loo1r, per-iE) d for- a minimum of fifteen ealendar days will be given fOF the <br /> uyers ualified <br /> applicants will be provided with opportunities to view available NSP properties <br /> that they qualify to purchase The viewing( s) may be through the use of an open <br /> house group showings and/or individual showings provided by applicable <br /> County staff, Developer staff, Subrecipient staff, or other appropriate <br /> representatives of the applicable organizations/agencies . " Hiinimum <br /> house will be l 1 a F t, property during the first look Nor ^ a <br /> 6 . During thefirst look Pe4e4gQualified homebuyer applicants may submit a list <br /> of the houses they would like to purchase in priority order. <br /> 7 . Based on the lists received from the qualified homebuyer applicants , County staff, <br /> the County ' s Sub-recipient or the County ' s Developer (as applicable) will tabulate <br /> and develop a housing unit sale prioritization list and will notify each potential <br /> homebuyer of the housing unit that he will be allowed to submit a contract on <br /> (based on his place in the applicant ranking list) . <br /> 8 . After receipt of notification, potential homebuyers may submit a signed contract <br /> for a NSP CDBG housing unit . An earnest deposit of $ 500 must be submitted to <br /> County staff, the County ' s Sub -recipient or the County ' s Developer (as <br /> applicable) at time of submission of the contract . Failure to submit a contract <br /> within five calendar days of County staff, the sub -recipient or developer notifying <br /> the applicant of his right to submit a purchase contract may result in the selected <br /> property being offered to another qualified applicant . <br /> 9 . The homebuyer applicant who was first qualified will have the opportunity to <br /> contract for the purchase of the first home on his priority list at the selling price of <br /> the property . The selling price will be the lesser of the appraised value or the <br /> amount of NSP funds invested in the acquisition and rehabilitation of the <br /> property . <br /> 10 . The homebuyer applicant who qualified next will be given the option of <br /> contracting for the first property on his priority list, and this process will continue <br /> until all homebuyer applicants have had the option of contracting for a property or <br /> all of the properties have been placed under contract . <br /> 11 . If a homebuyer applicant ' s first priority property has been contracted for, he can <br /> proceed with contracting for the next available property on his priority list or he <br /> can enter into a back-up contract on a property in the event the initial contract <br /> does not proceed to closing . <br /> 12 <br />