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closing transaction to acquire that housing unit shall be <br />classified as constructed, rehabilitated, or repaired <br />units as listed Section III.A.4.a. <br />b. Eligibility <br />i. Geographic Area <br />Downpayment/Closing cost loans may be made for <br />eligible housing units located anywhere in the <br />County, including all municipalities located within <br />the County. <br />ii. Housing Unit Classification <br />All housing units shall be owner -occupied <br />® residences. Mobile homes are not eligible. <br />iii. Applicant Classification <br />(a) Downpayment/Closing cost loans may be awarded <br />for eligible housing to be provided by the <br />following eligible sponsors: <br />1. Very Low -Income Eligible Persons <br />2. Low -Income Eligible Persons <br />3. Moderate -Income Eligible Persons(only <br />for the lower half of the moderate income <br />range: from 808 to 1008 of the county's <br />median income) <br />(b) Downpayment/Closing cost loans shall result in <br />eligible housing for the following eligible <br />persons: <br />1. Very Low -Income Persons <br />2. Low -Income Persons <br />3. Moderate -Income Persons (only for the <br />lower half of the moderate income range: <br />from 808 to 1008 of the county's median <br />income <br />c. Basic Award Terms <br />i. Maximum Monetary Award <br />The maximum monetary award for a <br />down a ent/closing cost loan shall not exceed <br />; 7,000.00 for awards rovided to eligible <br />moderate -income persons, or $ 10,000.00 for <br />awards provided to eligible very low- or low-income <br />persons. <br />22 <br />