(A) Approved applications are eligible to be reimbursed an amount up to $10,000 for eligible development costs related to the construction of new single-family homes. The actual grant award may be less.
(B) Homes will be required to be at least 1,200 square feet in size.
(C) Modular homes are not eligible.
(D) Mobile homes are not eligible.
(E) Homes are not required to be owner- occupied.
(F) Grant monies will only be distributed after construction is verified as complete and the city has issued an occupancy permit.
(G) All approved applications must initiate construction within 60 days and complete construction within 270 days of the agreement execution date. At its discretion, the city reserves the right to cancel or extend the funding commitment for applicants failing to meet these deadlines.
(Res. 22-01, passed 1-19-2022)