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July 1, 1988, Indian River County was .included in the list of eligible cities -and counties. <br />9lie deadline for submission is 4:00 'P.M. August 15, 1988, and must be received on that date <br />`in the DHW Jacksonville office to be considered in this year's competition. <br />The program is designed to assure an adequate supply of standard housing affordable to <br />lower-income tenants as it increases the supply of private market rental housing available .. <br />to lower-income tenants by providing government funds to rehabilitate existing units and <br />Provide rental assistance to lower-income persons to help them afford the rent of these <br />units. One Section 8 Certificate and/or Voucher can be provided for each $7,500 of grant <br />funds to help eligible lower-income tenants. to pay the rent for rehabilitated units. In <br />:order to leverage the maxim in amount of private capital, rehabilitation subsidies are <br />generally limited to 50 per cent of the cost of rehabilitation, not to exceed $7,500 per <br />unit adjusted for high cost areas. 'Grant funds may only be used to correct substandard <br />conditions, make essential improvements,.and repair major systems in danger of failure. <br />Units will be rented at market rents, and no special project rent controls or restrictions <br />will be used. * Wthin the lower-income and neighborhood targeting requirements, the Rental <br />Rehabilitation Program leaves broad opportunities .for local program design and flexibility. <br />ALTERNATIVES AM ANALYSIS <br />This is the fourth year Indian River County has been placed an the eligibility list <br />to enter the competition for funding, and this type of program parallels our existing <br />°rehabilitation housing efforts. <br />RECOMK9MMONS : <br />We respectfully request the County Commission to authorize its Chairman to execute <br />`ithe.'application for submission to the Department of Housing and Urban Development for <br />this .grant. <br />"= This program will rehabilitate approximately twenty.(20) 'substandard rental units in <br />.the distressed:neighborhoods within this jurisdiction and will make available additional... <br />.standard units to be utilized by the Indian River County Section 8 Rental Assistance <br />Program. *Our total request for Federal assistance is One Hmdred.Thousand Dollars <br />($100,000). <br />This program requires no additional County funds. <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Bird, the Board'unanimously authorized <br />the Chairman to execute the application to DHUD for <br />a grant under the Rental Rehabilitation Program and <br />authorized staff to submit same. <br />APPLICATION IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />(4) Bid #452 - Library Books Term Contract <br />The Board reviewed memo from Purchasing Manager Ambler: <br />4 BOOK 73 9 0 <br />JUL 2 6 1988 <br />1. - <br />