My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2006-046
CBCC
>
Resolutions
>
2000's
>
2006
>
2006-046
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/30/2017 12:27:25 PM
Creation date
9/30/2015 4:36:13 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
2006-046
Approved Date
04/04/2006
Agenda Item Number
7.W.
Resolution Type
Housing Assistance
Entity Name
State Housing Initiative Partnership Program (SHIP)
Subject
County's Local Housing Assistance Plan
FY 2006,2007,2008,2009
Archived Roll/Disk#
3129
Supplemental fields
SmeadsoftID
1836
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
70
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Purpose: <br />Rehabilitation Loan Summary Page <br />To fund all or a portion of the cost encountered in <br />rehabilitating existing or acquired owner -occupied <br />housing units. <br />Funding Source: State Housing Initiatives Partnership (SHIP) <br />Eligible Persons: <br />Assistance: <br />Criteria: <br />• Very low-income persons <br />• Low-income persons <br />• Moderate -income persons <br />The County may provide up to $50,000 per unit in <br />rehabilitation loans consistent with the County's <br />minimum rehabilitation loan standards and requirements. <br />The applicant shall execute a loan agreement with the <br />County indicating that the applicant will comply with <br />the County's Local Housing Assistance Program's <br />requirements. <br />Income Eligible Households: VLI (not to exceed 50% of <br />the County's median income), LI (51-80% of the County's <br />median income) MI (81-120% of the County's median <br />income) <br />Property <br />Qualification: <br />Debt Ratio: <br />Loan Period: <br />Interest Rate: <br />Repayment Terms: <br />20 <br />Owner -Occupied <br />N/A <br />Deferred payment loan <br />Zero (0) <br />No repayment is required except <br />in cases where the assisted <br />unit is sold, refinancing with <br />a cash out, or occupied by <br />someone other than the original <br />loan recipient. <br />
The URL can be used to link to this page
Your browser does not support the video tag.