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I <br />BOOK 96 PAGE 149 <br />require a termite inspection for all existing <br />housing units to be purchased with SHIP funds. The <br />county shall also require the following inspections <br />for all existing units five years or older to be <br />purchased with SHIP funds: <br />- Roof <br />- Plumbing system <br />- Electrical system <br />- Heating and Air conditioning system <br />All county required inspections must be performed <br />by public service licensed inspectors; registered <br />or certified residential, building, or general <br />contractors; or licensed trade contractors as <br />appropriate. Home inspection reports requested by <br />the county shall be reviewed by the county's <br />buildinq officials to determine the condition of <br />the home. <br />Based on the results of the home inspection review <br />by the bank or the county, one of the following <br />three actions will be taken: <br />If the home is in good condition, the <br />downpayment/closing cost loan application will <br />be submitted to the loan review committee for <br />approval; <br />- If the home needs some rehabilitation work and <br />if the applicant is eligible to receive a <br />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/closing_ cost 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 />September 19, 1995 <br />M <br />42 <br />54- <br />September <br />4 <br />M <br />M <br />