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G. Emergency/Disaster Repair Grants <br />a. Summary of the Strategy: <br />To fund all or a portion of the cost encountered for emergency/disaster <br />repair of existing owner -occupied housing units to prevent further <br />damage to the unit or to make it habitable with temporary repairs. This <br />strategy shall be used in the event of natural, state or federally <br />declared disaster. <br />b. Fiscal Years Covered: FY 2006-2007, FY 2007-2008, FY 2008-2009 <br />c. Income Categories to be served: <br />• Very Low -Income Persons <br />• Low -Income Persons <br />d. Maximum award: <br />The maximum monetary award for an emergency/disaster repair grant <br />shall not exceed: <br />$15,000.00 per single family or a condominium -housing unit. <br />e. Terms, Recapture, Default: <br />The repayment of funds awarded, as an emergency/disaster repair grant <br />is not required, except in cases where the assisted housing unit is <br />sold, refinanced with a cash out, prior to termination of the unit's <br />affordable classification timeframe (10 years) or occupied by someone <br />other than the original grant recipient. In cases where the unit is <br />sold, refinanced with a cash out, or occupied by someone else, the <br />entire original grant amount must be paid back at the time of resale or <br />refinancing of the unit. <br />There will be no interest rate for emergency/disaster repair grants. <br />Recaptured funds will be deposited in the county's affordable housing <br />trust fund. <br />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 />g. <br />• Emergency or disaster needs <br />• Income Eligibility <br />Other Emergency/Disaster Repair Grant requirements: <br />The IRCLHAProgram anticipates providing emergency/disaster repair <br />grants to eligible, very low income, and low income households to fund <br />all or a portion of the cost of emergency/disaster repair for existing <br />single-family or condominium owner occupied housing units. <br />Emergency/disaster repair grants will not be awarded for repair work <br />previously completed. All emergency/disaster repair work must be <br />performed by licensed contractors. <br />Emergency/disaster repair grants may be awarded if needed for repair <br />work activities, which are essential to make a house safe for <br />habitation and/or to prevent further damage to ,the house. <br />Emergency/disaster repair grants may not be awarded in combination with <br />downpayment/closing cost loan assistance. Emergency/disaster repair <br />grants will be used in the event of a natural, state, or federally <br />declared disaster. <br />27 <br />