§ 22-124. Minimum criteria for conveyance.

To meet the policy and time frame obligations of the NSP and the NSP grant agreement, the following procedures will be followed with regard to the disposition and conveyance of the NSP residential properties. The steps to be followed shall be:

(1)

The community services department may market homes to potential home buyers through a variety of public and private resources, including the local multiple listing service (MLS), the county website and other public and private community facilities frequented by the public. The county shall work with not-for-profit organizations and private realtors to make program guidelines, eligibility considerations, target areas, and buyer qualification criteria made known to public and private organizations who may present buyers of particular properties to the county.

(2)

The sale price of all NSP properties shall be at or below an amount equal to the cost to acquire the residential property plus the cost to rehabilitate that particular home or the current appraised value, whichever is less, as required by NSP rules or regulations or the NSP grant agreement.

(3)

All NSP residential properties sold shall be sold to individuals or families whose income does not exceed 120 percent of the area median income.

(4)

The board reserves the right under this article to convey properties to qualified nonprofit organizations for reduced or no monetary consideration if the board declares said nonprofit organization can serve the rental or home ownership needs of persons qualified under the income or other standards of the NSP.

(Code 1982, § 1-16.2-16; Ord. No. 10-013, pt. A, 3-23-2010)