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combination downpayment/closing cost and <br /> rehabilitation loan, a combined downpayment/ <br /> closing cost and rehabilitation application <br /> will be submitted to the loan review committee <br /> for approval; or <br /> If the home is in excessive disrepair and <br /> cannot be fixed, the loan application will not <br /> be approved. <br /> Home inspection charges are considered to be <br /> eligible downpayment/cloning coat expenses and <br /> payable through SHIP funds. In cases where the <br /> county requests a home inspection, but due to the <br /> condition of the home a downpayment/closing cost <br /> loan cannot be approved, the cost of the home <br /> inspection will be paid through the administration <br /> portion of SHIP funds. <br /> h. Non-Profit Organization Selection Criteria <br /> Non-profit organizations eligible to participate in <br /> the local housing assistance program shall be <br /> selected according to the following criteria: <br /> 0 Ability to proceed with the construction or <br /> rehabilitation activities and receive a <br /> certificate of occupancy within one year of <br /> the closing transaction date <br /> • Number of units provided per year <br /> 0 Ability to provide maximum leverage against <br /> SHIP funds <br /> • The length of time the organization has been <br /> in Indian River County <br /> • Experience in the development of affordable <br /> housing <br /> 0 The organization must be a non-profit entity <br /> with current 501(c) (3) tax exempt status <br /> 5. Application Review <br /> Applications shall be reviewed by Community Development <br /> Department staff or the third party entity identified by <br /> contract to conduct application review activities for <br /> compliance with the criteria listed in the previous <br /> Section. Those applications not satisfying the review <br /> criteria shall be classified as disqualified. <br /> Applications satisfying the review criteria shall be <br /> forwarded to the IRCLHAProgram Loan Review Committee <br /> (IRCLHAPRC) for final review and approval of the <br /> application. <br /> 45 <br />