Title
Communication from the City Manager and Director of Community Development with a Recommendation to Approve an EMERGENCY REPAIR PROGRAM Funded with Trust Funds from the Illinois Housing Development Authority with an Initial Focus area of VINTON HIGHLANDS (District 4).
Body
BACKGROUND: On February 25, 2014, the City Council accepted a two year grant in the amount of $217,350.00 from the Illinois Housing Development Authority (IHDA), as item 14-069, for the rehabilitation of owner-occupied single family homes. The initial priority is for lower income seniors and disabled/special needs. On May 13, 2014, City staff participated in an IHDA webinar that provided grant details, including housing rehabilitation requirements. Following webinar instructions, the Community Development Department proposes the following program design for this grant.
Eligible applicants:
* Shall be lower income, using IHDA program income limits. The income of four of the households will be no greater than 80% of area median income (AMI). Three households will have an income of no more than 50% AMI and two will have an income of less than 30% AMI. The current 80% AMI income limit for a household of four is $50,950. At 30% AMI, for a household of four, it is $19,110. In order to give households with elderly and disabled/special needs occupant priority, application during the first month will only be accepted from such households,
* Shall not have received housing assistance from the City of Peoria in the past 10 years,
* Shall have proper homeowner's insurance,
* Shall have no recorded liens on the property (except mortgage),
* Must be current on their property taxes and mortgage, and
* Have no outstanding environmental issues.
IHDA requires that all properties in the program must be brought to minimum housing code standards and must be tested and treated for lead-based paint, asbestos, radon, mold, and termites. These requirements will significantly increase the per...
Click here for full text