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1994-048
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1994-048
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Last modified
6/12/2019 3:56:27 PM
Creation date
6/12/2019 3:49:48 PM
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Resolutions
Resolution Number
1994-48
Approved Date
04/05/1994
Entity Name
Ship
Subject
Local Housing Asst. Plan
Area
Indian River County
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The funds for rehabilitation loans of less than $2,500.00 <br />shall be delivered upon completion of all rehabilitation <br />work and a satisfactory final inspection by the <br />corresponding jurisdictional Building Department that all <br />required rehabilitation activities for the eligible <br />housing unit are completed. Funds for rehabilitation <br />loans of $2,500.00 or more may be delivered in individual <br />draws based upon the completion of individual components <br />of the rehabilitation work and inspection by the <br />corresponding jurisdictional building department. The <br />final draw of funds shall not be less than $1,500.00 and <br />it shall be delivered upon completion of all <br />rehabilitation work and a satisfactory final inspection <br />by the corresponding jurisdictional Building Department <br />that all required rehabilitation activities for the <br />eligible housing unit are completed. <br />b. Eligibility <br />i. Geographic Area <br />Rehabilitation loans may be made for eligible <br />housing units located anywhere in the County, <br />including all municipalities located within the <br />County. <br />ii. Housing Unit Classification <br />Eligible housing units receiving IRCLHAFrogram <br />Rehabilitation Loans may be either owner -occupied <br />or renter occupied single-family or multiple -family <br />residences. Mobile homes are not eligible. <br />iii. Applicant Classification <br />(a) Rehabilitation loans may be awarded for <br />eligible housing to be provided by the following <br />eligible sponsors: <br />27 <br />
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