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20A - NEIGHBORHOOD STABILIZATION PROGRAM 3
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02/22/2011
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20A - NEIGHBORHOOD STABILIZATION PROGRAM 3
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Last modified
1/3/2012 3:52:30 PM
Creation date
2/17/2011 11:24:04 AM
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City Clerk
Doc Type
Agenda Packet
Item #
20A
Date
2/22/2011
Destruction Year
2016
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• Obtain final completion certificates, lien releases, certificate of occupancy etc. as <br />needed to permit transfer of the property to a qualified buyer free of liens and ready for <br />occupancy. <br />• Comply with all Federal lead based testing, safe work practices, and clearance <br />requirements. <br />• Test all homes for the presence of asbestos, and take appropriate steps to mitigate <br />asbestos hazards. <br />• Thoroughly inspect, and test as needed, all homes for the presence of mold, and in <br />consultation with the City take appropriate steps to mitigate mold hazards. <br />• Insure that all work is performed in compliance with the City's rehabilitation standards <br />(Attachment 2). <br />• Comply, and require selected contractors and subcontractors to comply with Federal <br />:-l o:.; <br />local hiring and contracting preference requirements (Section 3). Maintain appropriate <br />records, complete and submit to the City on a quarterly basis HUD form 6002 <br />(Attachment 3). y <br />• Submit for payment to City through progress:payment procedures. <br />• Using a variety of media, publicise the availability of rehabilitated homes'to qualified <br />homebuyers. Maintain a list of interested buyers for;,homes in the development <br />process. <br />• Sell homes to eligible homebuyers'x <br />• Provide proof that homebuyker has attended;a HUD approved homebuyer counseling <br />class (8 hours prior to the'g9se of escrow. Attachment 4 contains a list of local <br />providers. <br />• Obtain and rovide to it income v erificatio.n within maximum guidelines. This will be <br />included in he r`6nders?Packet to bes'ubmitted to the City. <br />• Enter into a sales agreement with an eligible buyer. <br />• Inform buyer of other homebuyer=financing programs available. <br />• Close the saleto the eligiIe homebuyer. <br />• Provide all warranties-to, the homebuyer. <br />• Record on properties all required affordability documents (Attachment 5) <br />• Provide City with copies, or upon request originals, of all documents related to the sale <br />of the homes. <br />• Create and implement as necessary a lease to own program. <br />• Maintain, and require contractors and subcontractors to obtain and maintain the City's <br />required insurance and a City of Santa Ana business license. The City's insurance <br />requirements are as follows: <br />Page 7 <br />20A-44
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