Agenda 12/14/1999 - Laserfiche WebLink

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available to travel trailers or properties determined by the Housing Rehabilitation Coordinator to be squatter shacks whereby residency has been established haphazardly and posthaste in order to take advantage of this financial assistance. All existing vacant structures at the time of grant application submission are not considered intended benefit units unless such properties were on the market for rent or sale, designated in the grant application for rehabilitation, have a recent history of being occupied during the preceding year, or are under public control and a lease or a purchase contract is signed for a quafffled low- to moderate-income household. No vacant property is eligible for CDBG funding if it was introduced into the neighborhood after the grant offer to the City or it was not intended to be a year-round residential unit. Debris removal is a pre-construction requirement to participate in the housing rehabilitation program. Property owners will be required to clear the exterior and interior rehabilitation site of all identified trash, debris, inoperable vehicles and derelict structures prior to receiving rehabilitation assistance. If the owner is elderly or handicapped and cannot physically clear the property or arrange for the removal of the debris, the work will be added to the rehabilitation work write-up and included as part of the contractors' bid package and the subsequent lien on the property. C. Ownership Eligibility of Owner-Occupied The housing rehabilitation program is available to single-family owner-occupied structures. The applicant must have legally owned the property for the three months prior to submitting an application for assistance and maintain it as his/her principal residence. A principal residence is defined for purposes of this program as the housing unit in which the individual lives for a minimum of nine (9) months out of the year. Owner-occupants are required to maintain sufficient insurance coverage to replace or repair the rehabilitated unit should there be a fire or other disaster. D. Ownership Eligibility of Investor-Oivned The rehabilitation program is also available to single-family and multi-falily rental structures within the target area. For multi-family structures, at least 51% of the units must be occupied by LMI households. CDBG expenditures will be made only in proportion to the number of units set aside for LMI persons. The applicant must have legally owned the property for the six months prior to submitting an application for assistance. Investor-owners of substandard properties will qualify regardless of the investor-owner's income. The rehabilitated properties must be rented to low- and moderate-income occupants, as defined by current HUD Section 8 Income Guidelines, within three (3) months of completed rehabilitation. Displacement of an existing tenant. not meeting the income standards by the investor-owner will not be allowed to make his property eligible for participation in the rehab program. A landlord is prohibited from charging a tenant more than 30 percent of their adjusted annual income for rent and utilities for a structure assisted under this program. Investor-owners will be prohibited from unduly raising their rents. An annual percentage increase will be reviewed by the