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• <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 County <br /> Recorder's office when recordation is complete. County shall utilize the updated form of <br /> 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 (minus <br /> 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 too the guidelines shown below. <br /> Request for amounts in excess of the approved guidelines shall be forwarded to the City for review. <br /> a ry n I '''''''°}47414511.7 ; ne+w �„ 'ti <br /> vs3j,*v� (rte k i y w y i'W 3�+ � , J b , ry J �i h b } � i � i <br /> 4 ei' l �' R �.hekk) II R 3 iT R l33 : l P 3 S}.5 l 1 x ':' 401', ' .. f <br /> ata , ; .eN iPROGR ` AM „ ; , ;' ' ASSiSTAI � ? " - ` � INC'OItifE� <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 /> EXHIBITA Page2of4 <br /> AGRE\EXH!BITA.DOC (Word 6.0) <br /> ago <br />