Minutes 08/12/1980 - Laserfiche WebLink

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B. The HP..P is g'cnerally limited to those housing units which are code deficient and which are currently occupied by low and mod8rate income femilies. Vacant units may be elig-ihle if they are code deficient and have been vacant for at least six months prior to application. When ready for occupancy after rehabilitation, such units shall b~ rented to elig'ible low and rnxlerate income families certified and referred by HRP staff. 1. Owner-occupied units: The occupant must have owned the unit for at least six months prior to application. An owner-occupant is one who is the legal titleholder, having either full or partial own- ership interest in the unit, and who resides there. .".-.-""-" 2. Rental units: The unit must have been occupied by the same low and moderate income family for at least six mO!lths prior to application by a property owner. The property owner is defined as the legal titleholder, having either full 01' partial ownership interest in the unit. In order for the unit to be eligible for rehabilitation, the property owner must agree that any rent increases which occur while the unit is under the terms of a lien (see Section III) shall not exceed 90% of the increase in the National Consumer Price Index for the previous twelve months. Units owned by for-profit companies or corporations are not eligible to participate in the HRP. C. No City employee involved in the administration or operation of the HRP, or member of City Council, nor any member of the immediate family of these persons shall be eligible for an HRP grant or loan. ltImmediate familyH includes: parent, step-parent, child, step-child, husband, wife, brother, step- brother, half-brother, sister, step-sister, and half-sister. D. The HRP staff must verify ownership and occupancy of each unit before the application for rehabilitation is approved. SECTION III: GRANT ILOAN LIMITATIONS A. Maximum Assistance 1. A grant or a combination of a grant and low-interest loan totaling as much as $12,000 may be approved and provided for each eligible unit in accordance with a work wl'ite--up and HRP Specifications. 2. If the estimated cost of rehabilitation exceeds $12,000, the case will be reviewed by the HRP staff and a determination made as to how to reduce work items. If, after this effort, the case still exceeds the limita- tion, the property owner shaH assure that the remaining cost can be fjnanced and deposit sufficient funds in the HRP account to cover the remainder of work before the contractor may be authorized to proceed. -2-