HomeMy WebLinkAboutContract 20352035
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Rehab Incentive Rebate Program
A. Parties. This agreement is entered into between the Columbia Heights Economic
Development Authority ("EDA°'} alid the Greater Metropolitan Housing Corporation ("GMHC"}.
B. Program Title. This agreement is in regards to the Rehab Incentive Rebate administered for
the EDA by GMHC at the Northeast Housing Resource Center.
C. Program Outline.
Objective. Encourage reinvestment in the City's ov~nler-occupied Dousing stock.
2. Goal. Assist with improvements to approximately 40 houses (average rebate estimated
to be approximately $1,125).
3. Eligibility.
a. ~'yl;e of Prc~e~,~. The following property types are eligible:
^ Owner-occupied, single-fammily homes ill the City of Columbia Heights,
including owner-occupied townhouses.
^ Two-family dwellings in the City of Columbia Heights, provided that (1}the
owner occupies one of the units and the property is homesteaded according to
the Anoka County Assessor, (2) the rental unit has a current rental license
from the City of Columbia heights and (3}the use of the property as a two-
family dwelling is listed as a permitted use in the zoning district in which it is
located. Before approving such a request, GMHC staff shall contact City staff
to ensure that these requirements have been met.
Rental property is not eligible, except for the aforementioned qualifying two-
family dwellings subject to pre-approval by City staff.
b. I~ousehold Income. Eligibility will be based on household income as a
percentage of the regional median income. In the case of qualifying two-family
dwellings, eligibility will be based on the household income of the owner
occupant.
Eligibility shall be based on income as follows:
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15% rebate: Households with incomes up to 50% of the regional median
income
12% rebate Households with incomes between 51 % and 80% of the regional
median income.
10% rebate: Households with incomes between 81 % and 115% of the regional
median income.
Households with incomes over 115% of the regional median income are
ineligible.
c. Type of Expenditures. Materials and labor expenditures for mechanical,
plumbil~g, electrical, exterior (roofing, siding, windows and doors), general
remodeling and additions are considered to be eligible expenditures, except far
do-it-yourself projects, in which case, only materials costs are eligible
expenditures.
d. Eligible Projects. Kitchen and bath remodel, exterior and interior doors, windows,
exterior steps and railings, exterior and interior painting, fences, garages, heating/
plumbing/electrical., porch/ramps/decks, retaining walls, roof, stucco/siding, and the
like. General remodeling projects that snake physical improvement to the structure or
property are eligible.
4. Funding. Funds shall be disbursed on a first-come, first-served basis ending whenever
EDA funds have been expended. The maximtun EDA expenditure during the term of this
agreement shall be $45,137.
j. Amount of Rebate. Depending on household income (see "Eligibility" above), 10%,
12% or 15% of eligible expenditures, not to exceed $3,000 per property. Rebate to be
paid upon fulfillment of all requirements established by GMHC and EDA including
submittal of proof of payment and satisfactory completion of work including final
inspection as verified by GMHC with the City's Building Official. Rebates are not
retroactive; an application must be made to and approved by GMHC before costs are
incurred and work begins.
6. Disbursement of Funds. GMHC will request an advance from the EDA of $45,137
once the contract has been signed.
GMHC shall provide to EDA copies of any audit reports and financial management
reports that include funds disbursed tinder this agreement.
8. Records Retention and Availability. GMHC shall retain all records and files relating to
EDA funded projects for no less than 6 years from the date of expenditure. EDA retains
the right to inspect or audit all records relating to Coltunbia Heights projects and the
associated funding. Upon proper notice, the EDA or its delegate (City Auditors, State
Auditor, etc.) can review and inspect all records.
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D. Signatures.
For: Economic Development Authority
of the City of Columbia Heights:
Nan7e: Walter R. Fehst
Title: Executive Director
Signature ~ ~` at
Name: Gary L. Peterson
Title: Presiden ----,..,
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Signatur : Date
For: Greater Metropolitan
Housing Corporation:
Name: Carolyn E. Olson
Title: President
Signature Date
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