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