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2003-026
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2003-026
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Last modified
1/17/2023 12:53:10 PM
Creation date
9/30/2015 5:00:39 PM
Metadata
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Template:
Resolutions
Resolution Number
2003-026
Approved Date
03/11/2003
Resolution Type
Housing
Entity Name
Florida Housing Finance Corp.
Subject
Approve Local Housing Assistance Plan SHIP Program
Fiscal Year 2003-04, 2004-05, 2005-06
Archived Roll/Disk#
2746
Supplemental fields
SmeadsoftID
2366
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V. Compliance Agreement and Security Instrument <br />The county's Impact Fee/capacity charge Loan shall <br />be secured by a mortgage in favor of Indian River <br />County. This mortgage may be subordinated to <br />construction and/or permanent mortgages applied to <br />the same unit upon approval of the IRCLHAProgram <br />Review Committee. This mortgage shall serve as the <br />eligible recipient's contractual commitment to <br />comply with the requirements of the IRCLHAProgram. <br />d. Applicant Selection Criteria <br />Applications are reviewed based on a first come first <br />reviewed basis, and applicants are chosen per the <br />following criteria as described in section III.D.4. of <br />this plan. <br />• Income Eligibility <br />• Employment Verification <br />• Asset Verification <br />• Homebuyer Status <br />• Credit Verification <br />OW <br />
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