1999-131 - Laserfiche WebLink

Home Browse Search

If the home is in excessive disrepair and cannot be fixed, the loan application will not r. be approved. Home inspection charges are considered to be eligible downpayment/closing cost expenses and payable through SHIP funds. In cases where the county requests a home inspection, but due to the condition of the home a downpayment/closing cost loan cannot be approved, the cost of the home inspection will be paid through the administration portion of SHIP funds. h. Non -Profit Organization Selection Criteria Non-profit organizations eligible to participate in the local housing assistance program shall be selected according to the following criteria: • Ability to proceed with the construction or rehabilitation activities and receive a certificate of occupancy within one year of the closing transaction date • Number of units provided per year • Ability to provide maximum leverage against SHIP funds • The length of time the organization has been in Indian River County • Experience in the development of affordable housing • The organization must be a non-profit entity with current 501(c)(3) tax exempt status 5. Application Review Applications shall be reviewed by Community Development Department staff or the third party entity identified by contract to conduct application review activities for compliance with the criteria listed in the previous section. Those applications not satisfying the review criteria shall be classified as disqualified. Applications satisfying the review criteria shall be forwarded to the IRCLHAProgram Loan Review Committee (IRCLHAPRC) for final review and approval of the application. a. Disqualified applicants shall be informed of the areas causing denial of the submitted application and be encouraged to correct the reasons for denial if possible and then reapply. 43