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PAGE <br />B. <br />Local Housing Assistance Program Strategies <br />11 <br />1. <br />Impact Fee/Capacity Charge Grants <br />11 <br />2. <br />Impact Fee/Capacity Charge Loans <br />16 <br />3. <br />Downpayment/Closing Cost/Principal Reduction Loans <br />20 <br />4. <br />Land Acquisition Loans <br />27 <br />5. <br />Rehabilitation or Emergency/Disaster <br />29 <br />Repair Loans <br />6. <br />Rehabilitation, Emergency, or Disaster <br />38 <br />Repair Grants. <br />7. <br />Land Bank - Market Purchase <br />43 <br />8. <br />Land Bank - Tax Deed Purchase <br />46 <br />C. <br />Estimated Unit Assistance.and Pricing <br />for the IRCLRAProgram <br />48 <br />D. <br />IRCLHAProgram Administration/Implementation <br />Activities <br />49 <br />1. <br />Program Expenditures <br />49 <br />2. <br />Application Periods <br />51 <br />3. <br />Application Processing <br />51 <br />4. <br />IRCLHAProgram Applicant Criteria <br />53 <br />a. Income Level <br />53 <br />b. Employment Verification <br />53 <br />c. Asset Verification <br />54 <br />d. Mortgage Verification <br />54 <br />e. Credit Verification <br />54 <br />f. Homebuyer Status <br />55 <br />g. Home Inspection <br />55 <br />h. Non -Profit Organization Selection Criteria <br />57 <br />5. <br />Application Review <br />57 <br />6. <br />Transfer/Dispersal of Funds for Housing Units <br />57 <br />ii <br />