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~.. <br />s. ' <br />• <br />• Accessibility Grant/Loan - to offer eligible modifications to residences occupied by <br />disabled, low income tenants, as well as, disabled low income homeowners. The <br />maximum grant shall be $2,000. <br />• Seismic Grant - to seismically retrofit owner occupied, single family structures. The <br />maximum grant shall be $2,000. <br />• Rental Rehabilitation Loan for one- and two-unit structures - to eliminate substandard <br />rental housing conditions and bring properties into conformance. <br />B. County shall deliver to City within fifteen (15) days after execution of loan or grant <br />documents, copies of homeowners' Project Summary, Certification Letter, and Itemization <br />Statement. <br />C. All original recorded documents (Deed of Trust, Request for Notice of Default, Rental <br />Agreement) shall be forwarded directly to City's Finance Department by the Alameda <br />County Recorder's office when recordation is complete. County shall utilize the updated <br />form of Promissory Note, revised June 1997. <br />D. County shall adjust Promissory Note when a principal reduction is necessary as a result of <br />unused contingency funds. County shall set up payment schedules for amortized loans with <br />the first payment starting no sooner than thirty (30) days after City's Finance Department <br />receives the original Promissory Note. <br />E. All original Promissory Notes shall be delivered to City's Finance Department within thirty <br />(30) days after project completion. <br />F. When City is invoiced for a project, City shall be invoiced for the total project amount <br />(minus any unused contingency funds) plus County administrative fees. <br />V. INCOME ELIGIBILITY AND FINANCIAL ASSISTANCE <br />Financial assistance shall be provided to eligible owners according to the guidelines shown below. <br />Request for amounts in excess of the approved guidelines shall be forwarded to the City for review. <br /> FINANCIAL <br />PROGRAM ASSISTANCE HOUSEHOLD INCOME <br />Minor/Mobile Home Repair Grant $750/$2,000.00 Very Low: 50% of Median <br />Owner Rehab Loans/Special Grant $20,000 Very Low: 50% of Median <br /> and Low: 80% of Median <br /> <br />~iu~ avaiiavic i~r each program are shown below: <br />EXHIBIT A <br />AGRE\EXHIBITA.DOC (Word 6.0) <br />Page 2 of 4 <br />a~~ <br />