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1. Termination and Reapplication <br /> If a prospective borrower's application is denied by the Economic and Urban <br /> Development (EUD) due to noncompliance with program guidelines, the applicant can <br /> reapply to EUD for assistance at any time after the problems resulting in the application's <br /> termination have been corrected. <br /> If a prospective borrower refuses rehabilitation assistance or otherwise terminates his/her <br /> case, the applicant cannot reapply for such assistance for twelve (12) months after the <br /> date of termination. <br /> 2. Repeat Policy <br /> No applicant shall receive excessive rehabilitation assistance -- that is, more than one <br /> loan per unit per fiscal year. <br /> Exceptions to this repeat policy may be granted by the TIF review committee on a case- <br /> by-case basis if the rehabilitation work is needed to (1) remedy a health, safety or <br /> accessibility issue or (2) improve or stabilize the city's financial investment in the <br /> property, provided the total indebtedness on the property does not exceed the program <br /> underwriting rules. <br /> 3. Program Income <br /> Repayment of any portion of the Deferred Forgivable loan will be considered as program <br /> income and used for future assistance programs. <br /> 4. Time Frame of Rehabilitation Work <br /> Rehabilitation work should begin within ninety days of loan closing. Failure to complete <br /> rehabilitation work within one year of loan closing may result in the loss of matching <br /> funds. <br /> 5. Exceptions <br /> Exceptions to the terms and conditions set forth above, including those specifically <br /> discussed, will be considered on a case-by-case basis by the TIF Review Committee after <br /> consultation with the TIF Administrator. <br /> Variances from these procedures shall also consider the affect of rehabilitation on the <br /> neighborhood and surrounding properties, and health or safety hazards, which will be <br /> eliminated, and the after-rehab value of the property. <br /> Example of an additional condition that should be taken into consideration includes but is <br /> not limited to the following: <br /> 5 <br />