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a. Following is a general application process for loans. At the application acceptance period, each applicant receives an application number, which is given to him by the IRCLHAProgram staff in consecutive order. At the end of the application acceptance period, staff will conduct application reviews based on the first application submitted first application to be reviewed. For incomplete applications, staff will send the applicant a letter letting him or her know what is needed to complete the application. For complete applications, staff will verify the household's income and assets and then send an eligibility (commitment) letter to the applicant, indicating the household's information and informing the applicant that a specific amount of the funds is reserved for him for 90 days. The eligibility letter identifies what is needed for an application to be ready for Loan Review Committee review. The Loan Review Committee consists of three members: the Indian River County Community Development Director or his designee, a financial institution representative or his or her alternates, a member of the Indian River County Board of County Commissioners or his or her designee, who shall serve as chairman of the Loan Review Committee. The completed applications will then be submitted to IRCLHAProgram Loan Review Committee (LRC) based on first application completed, first application submitted. After Loan Review Committee approval, staff will send a Loan Review Committee approval letter to the applicant and notify him that the loan/grant must be closed within 90 days. The Loan Review Committee approval letter specifies steps and documents needed prior to scheduling a loan closing. Mortgage document and promissory notes are then prepared, and a closing is scheduled. At the closing, the applicant signs all appropriate documents and then funds are expended as needed. b. Additional general application process for rehabilitation loans. Based on the work write-up, staff will solicit bids from contractors who have been prequalified to do SHIP work. The applicant may also invite any licensed contractors to attend the walkthrough and submit bids to the county based on the work write-up. Once bids are submitted, the LHAP inspector reviews them to ensure that they are consistent with the work write-up. Where the proposed rehabilitation project is minimal or involves specific activity such as replacement of a septic tank, there will be no work write-up. In such cases the applicant must contact licensed contractors, obtain at least two comparable bids for the exact same job and then submit the bids to the county. The applicant must then choose one of the bids. Completed applications are then submitted to the IRCLHAProgram Loan Review Committee (LRC) based on first application completed, first application submitted. 9 6'S' 9