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04/13/2021
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04/13/2021
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Last modified
6/10/2021 2:00:06 PM
Creation date
6/7/2021 12:30:28 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/13/2021
Meeting Body
Board of County Commissioners
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Eligible housing units receiving rehabilitation loans must be owner - <br />occupied single-family, or condominium residences. Mobile homes are <br />not eligible; and <br />Residential Hurricane Mitieation: I <br />The county will match SHIP funds with My Safe Florida Home Funds for hurricane <br />resistant retrofit improvements to owner occupied site built homes to reduce potential <br />future hurricane damage. If applicable, the county shall advertise the availability of <br />My Safe Florida Home funds, accept applications from very low, low, and moderate <br />income homeowners with homestead exemptions for homes that have insured values <br />not exceeding $294,601. Applications will be reviewed on first qualified, first served <br />basis. Applications, however, will be approved based on first application completed, <br />first application to receive funding. <br />Eligible retrofit improvements work activities include the following: <br />1. Improving the strength of the roof deck attachment <br />2. Creating a secondary water barrier to prevent water intrusion <br />3. Improving the survivability of the roof covering <br />4. Bracing gable -ends in the' roof framing <br />5. Reinforcing roof -to -wall connections <br />6. Upgrading exterior wall opening protections <br />7. Upgrading exterior doors i <br />B. Purchase Assistance with Rehabilitation Loans (Code #1) <br />a. Summary of the Strategy: <br />To assist eligible persons with down payment and closing costs principal reduction <br />associated with the purchase of a home. <br />b. Fiscal Years Covered: FY 2021-2022, FY 2022-2023, and FY 2023-2024 <br />C. Income Categories to be Served: <br />Very Low -Income Persons (Not to exceed 50% of median income) <br />Low -Income Persons (between 51-80% of median income) <br />Moderate -Income Persons (between 81-120% of median income) <br />d.. Maximum Award: <br />Income Category Purchase Assistance Portion <br />Rehab Portion <br />Max. Total <br />Very Low $20,000 <br />$12,000 <br />$32,000 <br />Low $15,000 <br />$11,500 <br />$26,500 <br />Moderate $10,000 <br />$11,000 <br />$21,000 <br />47 <br />
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