A. New Application For Previous Year Applicant: Each March, the SID Coordinator reviews the previous year's low income deferment applications and sends via U.S. mail a new application to the property owner that qualified for low income deferment the previous year.
B. Application Request: Applications are also available to property owners upon request.
C. Submission: Completed applications are sent by the property owner to the Office of Housing and Neighborhood Development (HAND) along with verification of income. After the application has been reviewed for eligibility by HAND, qualified applications are sent to the SID Coordinator who executes the deferment for eligible assessment accounts. The special assessment account(s) status is changed from active (A) to deferred (D) so that future delinquent interest will accrue at a reduced rate of four and one-half percent (4.5%).
D. Unqualified: If the property owner does not qualify for the Low Income Deferment Program, notification is sent to the property owner and the SID Coordinator by the Housing and Neighborhood Development Financial Specialist. The SID Coordinator changes the status of the accounts that have qualified in previous years back to an A status.
E. Failure To File: If a property owner who has qualified in previous years fails to submit the annual application, they are notified by the SID Coordinator that to be eligible for the program a new application must be filed annually. If they do not respond, the account status is changed back to A.
F. Notification: Notification of the Low Income Deferment Program appears in the Notice of Intention to Create a Special Improvement District, Assessment Notices, Annual Billings and Delinquent Notices sent to property owners.
G. Semiannual Review: Semiannually (March and September) the deferment agreements will be reviewed to verify that property ownership has not changed. If property ownership has changed, the new owner will be notified that the deferment agreement must be satisfied within thirty (30) days or the deferment status will be void and all delinquent interest and charges will be imposed. (2019 Compilation)