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04/21/2015 (3)
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04/21/2015 (3)
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Last modified
3/16/2018 4:21:36 PM
Creation date
7/31/2015 10:12:07 AM
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Meetings
Meeting Type
Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/21/2015
Meeting Body
Board of County Commissioners
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After the recorded documents are returned from the county courthouse, staff <br />sends a notice to proceed to the contractor. The contractor then pulls building <br />permits and completes the work. The appropriate jurisdiction's building <br />department inspector inspects the completed work, and the contractor sends the <br />final bill to the county. <br />For loans that are paid back and for loans that terminate after affordability <br />timeframe, staff will prepare and record a Satisfaction of Mortgage. <br />3. Applicant Criteria <br />Eligible persons or sponsors applying for participation in the IRCLHAProgram shall <br />comply with the following requirements: <br />a. Income Level <br />All households shall be classified as very low, low, or moderate income <br />households. Household income includes gross annual income of every member <br />of the household 18 years and older. Income inclusion and exclusions will be <br />based on guidelines provided by the Florida Housing Finance Corporation <br />b. Employment Verification <br />Applicants seeking assistance from the IRCLHAProgram to purchase eligible <br />housing units shall be eligible persons meeting one of the following <br />employment criteria: <br />i. Suitable documentation indicating current, continuous employment <br />for a minimum of one (1) year; or <br />ii. Suitable documentation indicating current employment (within <br />twelve (12) months of an application submittal) as a seasonal farm <br />worker, with a minimum of two (2) consecutive years as a seasonal <br />farm worker, whereby the first period of seasonal employment shall <br />have been for the full duration of the season, and the second period <br />shall have been for a minimum of one-half (1/2) of the current <br />season, if the eligible person(s) may be classified as a seasonal farm <br />worker(s); or <br />iii. An eligible elderly, disabled, or person(s) classified, as a person(s) with <br />special housing needs, excluding seasonal or migrant farm workers, <br />shall be exempt from any employment requirement for participation <br />in the IRCLHAProgram. <br />c. Asset Verification <br />Total assets (cash or non-cash items that can be converted to cash) not including <br />IRA, Keogh and similar retirement savings accounts of eligible persons <br />applying to purchase a housing unit under, or occupy a housing unit assisted by, <br />the IRCLHAProgram shall not exceed twenty thousand dollars ($20,000.00). <br />10 <br />
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