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<br />PROJECT SUMMARY <br /> <br />PAGE 2 <br /> <br />I, What type of assistance is being provided? <br />The City will make Deferred Payment Loans to eligible low/ moderate income homeowners <br />residing in substandard structures and handicapped homeowners with accessibility problems. <br /> <br />2, What is the maximum and average amount allowed? What amount allowed for soft costs? <br />The maximum per unit will be well below the FHA Single Family Mortgage Limit, with the <br />average per unit set at $15,000, The City will provide a cash match of$37,000 to cover the <br />costs of general administration, The local Weatherization provider will commit up to $57,000, <br />Therefore TCDP funds will apply 100% to rehabilitation! handicapped access construction, <br /> <br />3, Who will receive assistance? Will the program include relocation? <br />Eligible applicants will be homeowners who's income is below 80% of median, who reside in <br />substandard single family structures, Approximately 70% will be eligible applicants with <br />handicapping conditions which require modification to their homes, There will be no relocation. <br /> <br />4, What is the minimum number of houses rehabilitated? <br />The City will rehabilitate at least 15 substandard or handicap accessible units, <br /> <br />5, Are any of the units targeted to persons with disabilities? <br />Ten (10) of the fifteen (15) units will be targeted for low income disabled homeowners, <br /> <br />6, What is the selection process for applicants? <br />All applicants will have incomes below 80% of median, Priority will be given to those low <br />income individuals with disabilities. <br /> <br />7, Is there any property acquisition and/or relocation? <br />No, No property will be acquired and families will not have to be relocated, <br /> <br />8, What codes standards will be used ? <br />The City has adopted The Standard Building Code, All units will meet this code when finished, <br /> <br />I <br /> <br />9, Has other funding been considered as part of this rehabilitation program ? <br />The City contacted the Conuhunity Council doing Weatherization, They have committed up <br />to $57,000 in match. The local Outreach Center will provide $4,000 of in-kind in <br />application in take and screening, In addition, the City will provide $37,000 in cash. The <br />total of$98,000 is 44% of the TCDP request. <br />