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O-2009-3187 3rd amendment to allow for additional financial assistance to eligible Down Payment Assistance
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O-2009-3187 3rd amendment to allow for additional financial assistance to eligible Down Payment Assistance
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Last modified
11/2/2016 3:39:28 PM
Creation date
10/16/2009 9:44:31 AM
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Legislative Records
Legislative Type
Ordinance
Date
9/28/2009
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March The Subrecipient submits building plans for review and approval by <br /> HCCEDD. Marketing efforts begin. <br /> April After approval from HCCSD, the Subrecipient signs contract with winning <br /> builder. "Interest" meeting event held. Partnering lending institutions are <br /> identified. Possible applicants are directed to HCCEDD Lending Services <br /> to be: in formal process. <br /> May Application process through HCCSD Lending Services is ongoing. <br /> Program marketing continues. The Subrecipient is advised of potential <br /> homebuyers' applications. Partnering lending institutions begin processing <br /> potential homebuyer applications. <br /> July Processing of homebuyer applications continue. Lots are cleared, grubbed <br /> and graded to standard. Program marketing continues. <br /> August Qualified homebuyers are identified and approved for mortgage and down - <br /> payment program. Construction begins on five (5)homes. <br /> September Program applicants are certified by HCCSD according to HUD's HOME <br /> guidelines. Construction continues while accounting for possible weather <br /> delays. <br /> October Construction of the homes and certification of applicants continue. <br /> Replacement applicants are sought if required. <br /> January 2008 Construction of the remaining three (3) homes and certification of <br /> applicants continue. Replacement applicants are sought if required. __ <br /> March Construction of the first two (2) homes is completed. Certification of <br /> homebuyer applicants continues. Replacement applicants are sought if <br /> required. <br /> May Program marketing and certification of homebuyer applicants continues. <br /> Replacement applicants are sought if required. <br /> June Program marketing and certification of homebuyer applicants continues. <br /> Replacement applicants are sought if required. <br /> July Closing occurs on one (1) home and the "Key Exchange" ceremony is <br /> scheduled and advertised with the community leaders. <br /> August Construction of the remaining three (3) homes and certification of <br /> applicants continue. Replacement applicants are sought if required. • <br /> September Construction of the remaining three (3) homes ends and program <br /> and October evaluation begins. <br /> November Final reports are submitted to HCCSD. Certification of applicants continue. <br /> R ' iaeement a i licants are sou: t if - aired. <br /> Time/Date variances to the schedule may be approved by the Director of HCCSD or his designee If <br /> reasonable justification is provided for the delay. <br /> G. Notices <br /> All notices and communications concerning this Agreement shall be directed to the Grantee and <br /> Subrecipient as follows: <br /> • <br /> • <br /> • <br />
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