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des i onated inspect-or. The applicant shall idettt�ifp <br /> choose one of the contractors with the corTeSPOLiding <br /> lower eatimate as the cantractor to complete the <br /> identified rehabilitation work provided that the <br /> contractor cost estimate does not Pxrppd 10% of the <br /> estimate provided by the count= designated i napAr tnr. <br /> Once the contractor estimate is selected and the <br /> Rehabilitation Loan Amount established, no additional <br /> funds may be awarded. The contractor estimate must <br /> identify all potential costs (including building permit <br /> fees) to be encountered in completing the rehabilitation <br /> work. Chance o Tiara must he approved by the o un t <br /> designated inspector and to a1 hinQ aaaiatance prc�oZam <br /> s of Additionally, the applicant will be required, as <br /> part of the application process, to pay for a credit <br /> report. Rehabilitation Loans shall not exceed 5096 of the <br /> unit market value or the appraised value, whichever is <br /> provided by the applicant. <br /> The applicant or his contractor must obtain a building <br /> permit from the corresponding jurisdictional building <br /> department for all rehabilitation activities. The funds <br /> for rehabilitation loans of less than $2,500.00 shall be <br /> delivered upon completion of all rehabilitation work and <br /> a satisfactory final inspection by the corresponding <br /> jurisdictional Building Department and the vNi inti <br /> d signs d inspprtnr that all required rehabilitation <br /> activities for the eligible housing unit are completed. <br /> Funds for rehabilitation loans of $2, 500.00 or more may <br /> be delivered in individual draws, not to exceed three <br /> draws total, based upon the completion of individual <br /> components of the rehabilitation work and inspection by <br /> the corresponding jurisdictional building department and <br /> the o n vdesiona d inspector, The final draw of funds <br /> shall not be less than $1,500.00 and it shall be <br /> delivered upon completion of all rehabilitation work and <br /> a satisfactory final inspection by the corresponding <br /> jurisdictional Building Department and the co-unty <br /> dpa'gna d inappe-t-nr that all required rehabilitation <br /> activities for the eligible housing unit are completed. <br /> No SHIP fund will he naid for any/ work r-mp eted nrior o <br /> the nntirpo rnr•opd_ <br /> Besides general rehabilitation activities funds may be <br /> provided for emergency repairs. Emergency repairs <br /> 29 <br />