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� , � <br />� CDBG <br /> e� Conservation Program <br /> �n gY <br /> FYo6�oT <br /> Requirements <br /> • The property must be located within the corporate limits of Decatur. <br /> • Must be occupied by the owner for at least two years. <br /> • Title must be vested in the owner-occupant's name for a minimum of two years. <br /> • Property must be classified as"substandaxd and suitable for rehabilitation"by the <br /> Neighborhood Redevelopment Divisian. <br /> • Be structurally sound or able to be rendered struetuXally sound through rehabilitation. <br /> • Be a single-family, owner-occupied residential property. Properties which are for <br /> sale are ineligible. <br /> • The structure shall not be located in an area which is in conflict with environmental , <br /> or zoning regulations. <br /> • The applicant must be the head of the household. <br /> • The applicant cannot have"liquid" assets that woutd permit him/her to finance the <br /> necessary rehabilitation. <br /> • The applicant/household must be low or moderate income. <br /> 2006 Famil <br /> Size 1 2 3 4 5 6 7 8 <br /> Very Low 30% 11,850 13,550 15,250 16,950 18,300 19,650 21,000 22,350 <br /> Low 50% 19,800 22,600 25,450 28,250 30,500 32,750 35,050 37,300 <br /> Mod. 80% 31,650 36,150 40,700 45,200 48,800 52,450 56,050 59,650 <br /> • The mortgage must be in good standing and current. <br /> • The applicant must have homeowner's insurance. <br /> • The applicant must present all required information within two weeks af the date of <br /> the application. <br /> • All applicants will be required to disclose any Conflict of Interest relationship in <br /> writin�. <br /> *Energy Conservation assistance for the household or the property will be limit to one <br /> time during a ten year period. No other programs shall be provided to the homeowner in <br /> the same fiscal year with the exception of the Emergency Grant Program and the ADA <br /> Accessibility Program. <br />