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property, including specifically the requirement for repaying the assistance to the <br />North Carolina Housing Finance Agency (P. O. Box 28066, Raleigh, NC 27611- <br />8066) in case of breach of this Agreement. <br /> <br />o <br /> <br />Terms <br /> (a) <br /> <br /> (b) <br /> (c) <br /> <br />of Assistance <br />Funds are provided through a (3) three year grant with no payments or interest <br />during this period of time. <br />The period of funding is anticipated to begin January 1, 2000 and extend for 18 <br />months, or through June 2001. <br />The Agency will provide several types of assistance to the homeowners <br />whose homes qualify. The Agency will determine the scope of work. needed <br />to meet URP program standards, prepare a work write up and bid documents <br />when needed, solicit bids on work not being done by our own Agency work <br />crew, provide contract documents, conduct a pre-construction, inspect work <br />in progress, document visits to job site and disburse funds to the contractors. <br /> <br />To pay for the repair work or modifications, NCHFA will pay for the hard cost <br />in the form of a Grant, and the County will pay for administrative costs. Hard <br />costs are for materials, labor, travel expenses, crew benefits, tool rental and <br />private contractor payments. <br /> <br />Maximum hard costs for each project is $3,500.00 with no minimum cost. The <br />amount will depend on the scope of work as determined by the Weatheriza- <br />tion Coordinator for the Agency and the best bids received, or the Agency <br />work write-up and cost estimate. <br /> <br /> Program Standards and Program Energy Standards <br />A. Each house repaired will meet all URP99 program standards. Program funds may <br /> used to effect urgently needed repairs or modifications without regard to whether <br /> the dwelling unit shall meet any local, state or federal housing quality standards. <br /> However, all work done using program funds must meet NC State Residents <br /> Building Code Volume VII standards and be done in compliance with all state and <br /> local permitting, inspections, licensing and insurance requirements. <br />B. A minimum of 50% of program funds spent for hard cost must be spent to effect <br /> the following types of energy-related repairs (which, however, must also address <br /> an imminent threat to the life or safety of the household) <br /> (a) Furnace, space heater and/or boiler replacement, upgrade or modification <br /> (replacement of furnaces or boilers, replacement of burners, duct sealing, flue <br /> opening modification, electrical or mechanical ignition system); <br /> (b) Water heater repair or replacement; <br /> (c) Energy-related structural repair or replacement work (roof, wall, ceiling, floor <br /> or foundation. <br /> (d) Window repair or replacement; <br /> (e) Exterior door repair or replacement; <br /> (f) Other energy-related improvement approved by the Agency on a case-by-case <br /> basis. <br /> <br />10. Repair/Modification Process <br /> A. Inspections <br /> 1. After application and verification of income to insure that individual qualifies <br /> the Program Manager/Weatherization Coordinator will visit the client's home <br /> <br /> <br />