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b. Following is a general application process for rehabilitation <br />loans and grants. <br />At the application acceptance period, each applicant receives <br />an application, number, which is given to him by the <br />IRCLHAProgram staff in consecutive order. <br />At the end of the application acceptance period, staff will <br />conduct application reviews based on the first application <br />submitted, first application to be reviewed. For incomplete <br />applications, staff will send the applicant a letter letting him <br />or her know what is needed to complete the application. <br />For complete applications, staff will, through a third party, <br />verify the household's income and assets. Staff then contacts the <br />applicant to schedule an inspection with the LHAP inspector. The <br />LHAP inspector then prepares the work write-up, which will then <br />be sent to the applicant along with the eligibility letter, <br />indicating the household's information and informing him of a <br />specific amount of the funds is reserved for him for 45 days. <br />The eligibility letter identifies what. is needed for an <br />application to be ready for Loan Review Committee review. <br />Once the bids are submitted, the LHAP inspector reviews them. The <br />applicant is then notified and comes in to sign the lower bid and <br />then send an eligibility (commitment) letter to the applicant. <br />The completed applications will then be submitted to the <br />IRCLHAProgram Loan Review Committee (LRC) based on first <br />application completed, first application submitted. <br />After Loan Review Committee approval, staff will send a Loan <br />Review Committee approval letter to the applicant and notify them <br />of their approval amount and that staff will contact them to <br />schedule a closing date and time. <br />Mortgage documents and promissory notes are then prepared, and a <br />closing is scheduled. At the closing, the applicant signs all <br />appropriate documents. The documents are sent to the County <br />Courthouse for recording. <br />Staff sends a notice to proceed to the contractor after the <br />recorded documents are returned from the County Courthouse. <br />Contractor pulls building permits and completes the work. <br />Appropriate jurisdiction's building department inspector inspects <br />the completed work. Contractor sends the final bill to the <br />county. Staff requests a check that will be sent directly to the <br />contractor. <br />3. IRCLHAProgram Applicant Criteria <br />Eligible persons or sponsors applying for participation in the <br />IRCLHAProgram shall comply with the following requirements: <br />a. Income Level <br />All households shall be classified as very low-, low-, or <br />moderate -income households. Household income includes gross <br />annual income of every member of the household 18 years and <br />older. In cases where the applicant is an eligible sponsor but <br />not an eligible person, the assisted housing unit must be. <br />occupied by eligible persons classified as very low-, or low- <br />income persons. Income inclusion and exclusions will be based on <br />guidelines provided by the Florida Housing Finance Corporation <br />(Exhibit E) . <br />32 <br />