§ 22-123. Sale of properties.

The board authorizes the county administrator, or his designee, to execute sales contracts in accordance with established purchasing procedures and all documentation, with the exception of county deeds, necessary to complete the sale of NSP properties. The board authorizes the chairperson to execute county deeds for the sale of NSP properties. The NSP provides for the eligibility and qualification standards addressing the disposition of acquired properties. In conveying NSP properties to consumers, the federal regulations provide eligibility criteria dictated that the properties acquired by the county pursuant to the NSP may only be sold to individuals that qualify under the following standards:

(1)

All properties made available under the NSP shall only be conveyed to individuals or families whose income does not exceed 120 percent of the area median income established for the county by the United States Department of Housing and Urban Development (HUD).

(2)

To the extent practicable, residential properties sold by the county under the NSP shall be financed through conventional or other private-sector mortgage financing. To that end, residential properties acquired by the county under the NSP shall only be sold to individuals meeting the income and qualification criteria required by the NSP and preference shall be given to purchasers who also meet credit criteria of private lenders providing home mortgages to NSP home purchasers. Nothing in this article, however, is intended to preclude the granting of down-payment assistance, principal buy down assistance, or other assistance available through the county or any other public agency for an eligible buyer under any other assistance program.

(3)

Notice of the availability for sale of NSP properties shall be through the community services department and may include the use of private-sector realtors and such realty-based services as the multiple listing service. In addition, the community services director, or his designee, shall make information on the NSP known to the citizens of the county through educational outreach programs established by the community services department, county lands or not-for-profit organizations. Interested applicants will be encouraged to contact a housing facilitation agency, the community services department or other source deemed appropriate by the community services director, or his designee, which has access to the list of homes for sale and home loan eligibility criteria so that prospective home purchasers can qualify based on NSP income criteria and credit worthiness for private mortgage financing.

(4)

Criteria applicable to the selection of a person to whom county properties shall be conveyed shall be as set forth herein utilizing the income requirements set forth in the NSP private lender financing program requirements and eligibility and qualifications of persons for other public sector financial assistance.

(5)

Qualifying purchasers will be notified by the community services director, or his designee. Potential purchasers would be assigned to a particular property on a first come, first considered basis. Upon submittal or reasonable qualification paperwork, said property shall be identified and removed from available list which will be retained by the community services department. Other persons expressing interest in a particular property will be advised by the community services department of other properties available and will be informed of the application and qualification processes.

(Code 1982, § 1-16.2-15; Ord. No. 10-013, pt. A, 3-23-2010)