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ii <br />PAGE <br />B. <br />Local Sousing Assistance Program strategies <br />13 <br />1. <br />Impact Fee Grants <br />13 <br />2. <br />Impact Fee Loans <br />15 <br />3. <br />Downpayment/Closing Cost/Principal Reduction <br />Loans 17 <br />4. <br />Land Acquisition Loans <br />21 <br />5. <br />Rehabilitation or Emergency Repair Loans <br />24 <br />6. <br />Rehabilitation or Emergency Repair Grants <br />28 <br />7. <br />Land Bank - Market Purchase <br />31 <br />8. <br />Land Bank - Tax Deed Purchase <br />34 <br />C. <br />Estimated Unit Assistance and Pricing <br />for the IRCLHAProgram <br />37 <br />D. <br />IRCLHAProgram Administration/Implementation <br />Activities <br />37 <br />1. <br />Program Expenditures <br />37 <br />2. <br />Application Periods <br />39 <br />3. <br />Application Processing <br />39 <br />4. <br />IRCLHAProgram Applicant Criteria <br />39 <br />a. Income Level <br />39 <br />b. Employment Verification <br />39 <br />c. Asset Verification <br />39 <br />d. Mortgage/Rent Verification <br />39 <br />e. Credit Verification <br />39 <br />f. Homebuyer Status <br />41 <br />g. Home Inspection <br />42 <br />h. Non -Profit Organization Selection Criteria <br />43 <br />5. <br />Application Review <br />43 <br />6. <br />Transfer/Dispersal of Funds for Housing Units <br />41 <br />ii <br />