Owner – Occupied Repair

Applications are due: March 7, 2018
Notice of Approval/Denial: March 20, 2018
Late applications will not be considered for funding. Submit an electronic copy of the application to Lori Kauzlarich at staff@storycountyht.org

The following must be submitted to be considered for funding:
Amount Requested
Number of units < 30% Area Median Income, number of units 31-<50% AMI and total number of units above 50% AMI (See attached table)
Provide Project Sources/Uses information (See attached tables)

Funding Restrictions:
The maximum per home reimbursement is $6,250
Applicants requesting funds may not reapply until SCHT has reimbursed at least 50% of the applicant’s current and open OOR grants
Developer’s overhead costs cannot exceed 15% of the grant award

Grant funds may be used for:
Extraordinary Repairs: Repair of one or more of the major building systems: electrical, mechanical, plumbing and structural (including but not limited to roof, girders, foundation)
Preventative Repairs: Rehabilitation or repair that will delay or prevent major replacement
Deferred Repairs: Repairs that have been delayed addressing other priority concerns

Grant funds may NOT be used for:
Housecleaning or chore projects
Homes outside of Story County

Funding is granted based on the recommendation of the Development Review Committee and final approval by the Board of Directors. Approved funding may be less than the amount requested by the Applicant.
Funds are provided on a reimbursement basis. (Note: OOR awards are usually funded with State Housing Trust Fund Dollars. Please allow additional processing time for reimbursement.) The following information is required before funds are released:
• household name/composition
• demographic information (e.g., ethnicity, disability status, age, etc.),
• address/property tax status
• household income
• assessed property value
• type of repairs completed
• sources of other funds used to repair/rehabilitate the home