1999-08-23 Regular Meeting - Laserfiche WebLink

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e e SOUTHEAST TEXAS HOUSING FINANCE CORPORATION OWNER OCCIPIED REHABD..AITION PROGRAM Harris County, Texas (the County), through Southeast Texas Housing Finance Corporation (SETH), a Texas public non-profit has established an Owner Occupied Rehabilitation Program (the Program). The Program is funded through a HOME grant from the U.S. Department of Housing & Urban Development under the Home Investment Partnership ("HOME") program. The Program will improve at least 20 homes of seniors or disabled residen~ of LaPorte, Shoreacres, Deer Park, and Tomball. . GENERAl. PROGRAM OVER\1fflW .. The Program is designed to assist low-income seniors and disabled residents of LaPorte, Deer Park, Shoreacres, and Tomball in improving there living conditions through home repair. This assistance is provided as a grant as long as residents agrees live in home for at least five years. SETH has developed this program as a housing preservation, neighborhood revitalization strategy, and a mechanism for Economic Development PROGRAM ELlGIBII.1TV CRlTF.RIA EligIble applicants for the Program must meet the following general qualifications: 1. Owner-Occupied Home: Property must be applicants' Homestead, as indicated at the County Tax Office, asking to be improved and must not have benefited from County with similar assistance in the past for at least five years. 2. Residency: Applicant must be a resident of one of the participating cities, Deer Park, La Porte, Shoreacres or Tomball as evidenced by utility receipts or other acceptable proof. 3. Income: Each Family's total gross earnings must be equal to or less than 80% of the median family income for the area, adjusted for family size, as defined by the most recently published HUD Income Limits. The income limits for the Harris County area are as follows: Family Size: I $30,300 2 $34,600 3 $38,950 4 $43,300 Family Size: 5 $46,750 6 $50,200 7 $53,650 8 $57,150 4. Special Needs Population: Be 62 years of age or older and/or disabled as defined in section 223 of the Social Security Act or Section 102 of the Developmental Disabilities Assistance and Bill of Rights Act. 5. Combined Annual Income: Includes all person's income over 18 in household 6. Insurance Requirements: Homeowners insurance is required for 5 years and if residence is located in the Flood Way, flood insurance is needed. 7. Single Family Housing: Housing unit must be single family dwelling. 8. Housing Standards: Dwelling must meet HQS at minimum and Local Building Codes once rehabilitation is complete. 9. Affordable Housing: The maximum after rehabilitation value of the property must not exceed 95% of area median value.