2004-09-21_Agenda - Laserfiche WebLink

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Steps for applying for the program 1.Complete an application providing the HRA with complete information on your property and request for rehab funds. Provide proof of mortgage balance if applicable and proof of insurance (declaration page). 2.The HRA staff will conduct tenant income verification. After all pertinent tenant income verification (through survey forms and/or other acceptable format) is received a determination will be made whether 51% of the tenants meet the income guidelines for the program. In a two unit property 50% of the tenants must meet guidelines. Priority will be given to units in which 100% of the tenants meet low/moderate income guidelines. 3.Roseville Code Enforcement staff will do an inspection to determine if there are any code violations that need to be addressed as part of the grant process. 4.The landlord will be required to provide at least 2 bids from contractors of his/her choice. The contractor, if low bidder, must provide the HRA staff with verification of licensure to perform work in the City of Roseville. 5.The landlord will provide proof of his/her share of the cost based on the low bids received. 6.Forgrant request, once the work is completed, the landlord must provide the HRA with proof of payment for work performed – invoices and cancelled checks – as well as signed lien waivers of all contractors and material suppliers to receive reimbursement through the grant. In addition, the improvement must have a satisfactory final inspection from the Roseville Building Inspections. 7.For a loan in excess of $10,000, a closing will be scheduled at the HRA office to sign all necessary papers including a mortgage, promissory note, truth in lending disclosure statement and Landlord/Contractor agreement. 2