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SHIP LHAP Template 2016-001 [eff. Date 7/1/20241 during the 10 or 5 -year loan term: sale, transfer, or conveyance of property; conversion to a rental property; loss of homestead exemption status; failure to occupy the home as a primary residence, or refinancing with cash out. If any of these occur, the outstanding balance will be due and payable. In cases where the qualifying homeowner(s) die(s) during the loan term (for loansl that are not used in conjunction with CDBG funds), the loan may be assumed by a SHIP -eligible heir who will occupy the home as a primary residence. If the legal heir is not SHIP eligible or chooses not to occupy the home, the outstandin balance of the loan will be due and payable. If the home is foreclosed on by a superior mortgage holder, the county will make, an effort to recapture funds through the legal process if it is determined that) adequate funds may be available to justify pursuing a repayment. 7. Property shall not be eligible to re -apply until after the expiration of a 10 -year rehab loan, except when utilization of disaster and/or emergency rehabilitation funds is necessary. f. Recipient/Tenant Selection Criteria: Applicants will be ranked for assistance based on the timing that preliminary intake information is received with the priorities as described in section I of this plan. g. Sponsor Selection Criteria: N/A h. Additional Information: All work must be performed by licensed and insured contractors. Applicants applying for rehabilitation assistance loans must also provide a copy of the deed to their home. A complete application and all required documents must be submitted to the SHIP office when an applicant's queue number is reached and contacted by SHIP staff. Provided funding is available, more than one applicant will be pulled from the que list at the same time so that multiple applications can be processed and assistance provided at the same time. Residential Constriction Mitigation (RCMP): The county will match SHIP funds with My Safe Florida Home Funds for hurricane -resistant retrofit improvements to owner -occupied site -built homes to reduce potential future hurricane damage. When available, the county shall advertise the availability of My Safe Florida Home funds and accept applications from very low, low, and moderate -income homeowners with homestead exemptions for homes that have insured values not exceeding $300,000. Applications will be reviewed on a first -qualified, first-served basis. Eligible retrofit improvement work activities include the following: 1. Improving the strength of the roof deck attachment 2. Creating a secondary water barrier to prevent water intrusion 3. Improving the survivability of the roof covering 4. Bracing gable -ends in the roof framing -8- 80