Laserfiche WebLink
identified repair work. Once the contractor estimate is selected and the disaster repair <br />loan amount including contingencies is established, no additional funds may be <br />awarded. The contractor estimate must identify all potential costs (including building <br />permit fees) to be encountered in completing the repair work. Change orders must be <br />approved by the county. <br />The applicant or his contractor must obtain a building permit from the corresponding <br />jurisdictional building department for all repair activities. The funds for disaster repair <br />10 year loans of less than $5,000.00 shall be delivered upon completion of all repair <br />work and a satisfactory final inspection by the corresponding jurisdictional Building <br />Department and the county designated inspector that all required repair activities for <br />the eligible housing unit are completed. Funds for disaster repair 10 year loans of <br />$5,000 or more may be delivered in individual draws, not to exceed three draws total, <br />based upon the completion of individual components of the repair work and inspection <br />by the corresponding jurisdictional Building Department and the county designated <br />inspector or the local housing assistance program staff. Each partial draw including the <br />final draw of funds shall not be less than $5,000.00 and it shall be delivered upon <br />completion of all repair work and a satisfactory final inspection by the corresponding <br />jurisdictional Building Department and the county designated inspector that all <br />required repair activities for the eligible housing unit are completed. No SHIP funds <br />will be paid for any work completed prior to issuance of the county notice to proceed. <br />Disaster repair loans may be leveraged with private funds, small city Community <br />Development Block Grant (CDBG) funds, weatherization funds, HUD transitional <br />housing funds, FEMA funds, or other state and federal programs as appropriate. <br />h. Additional Information: <br />i. Geographic Area <br />Disaster repair loans may be made anywhere in the county, including all <br />municipalities located within the county. <br />ii. Housing Unit Classification <br />Eligible housing units receiving disaster repair 10 year loans must be owner - <br />occupied single-family, condominium residences. Mobile homes are not <br />eligible. <br />F. J.ow Income Housing Tax Credit (I.IHTCI Program Matching Grants (Code #21) <br />a. Summary of the Strategy: <br />11'o assist non-profit and for-profit organizations with matching funds needed to <br />acquire either 9% (competitive) credit or 4% with bonds Low Income Housing Tax <br />Credit funding. <br />b. Fiscal Years Covered: <br />FY 2015-2016, FY 2016-2017, FY 2017-2018 <br />.trif' 31 <br />Commented[RD10]: IS this for 9t (competitive) <br />credits or 4t with Bonds? <br />