Res 2005-050 - Laserfiche WebLink

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F. Relocation Plan Administrator will, or will not provide relocation services. If Administrator will provide relocation services, include Relocation Plan here: N/A 4. PARTICIPANT ELIGIBILITY To be eligible for assistance all applicants must meet the following criteria: A. Income: i. The Administrator must ensure that the applicant's household is income qualified. Total household gross income must be less than Sixty Percent (80%) of the area's median income limit as published by HUD. All sources of income, assets and employment must be documented in writing. The support documentation must be maintained in each applicant's file. ii. Administrator will utilize the most current HOME Program Policy and Procedures Manual instructions and forms to income qualify applicants. iii. The current income limits pUblished annually by the Department must be used to verify income eligibility of each household served. Under no condition can a household that exceeds the limits below be served with HOME funds. County of Hays Median Family Income -----------2005 I N COM ELI M ITS for 30% AMFI* ----------- One Two Three Four Five Six Seven person in persons in persons in persons in persons in persons in persons in household household household household household household household $14,950 $17,050 $19,200 $21,350 $23,050 $24,750 $26,450 * income limits subject to change on an annual basis iv. If Administrator's contract with the Department contains more restrictive income targeting, households must meet the stricter requirements. B. Contracts serving persons with disabilities and/or special needs, as defined in the Department's Consolidated plan, should list which populations are to be served here: households with incomes at or below 30% of the median income for Hays County. C. Forms of Ownership i. An applicant must own the property and occupy the property as his or her principal residence. The applicant is considered the owner if he or she: 1) possesses a fee simple title to the property; 2) maintains a 99-year leasehold interest on the property; or 3) possesses a recordable life estate title to the property. The ownership interest may be subject only to the restrictions on resale required under 24 CFR 92.254 and mortgages, deeds of trust, or other liens or instruments securing debt on the property and subject to the approval by the Department. Restriction or encumbrance that impairs the good and marketable nature of the title to the ownership interest in the property will not be allowed. Other forms of