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APPENDIX I
<br />SCOPE OF SERVICES / PROJECT DESCRIPTION
<br />Community Homebuyers Corporation, Inc.
<br />Homeownership Assistance Program
<br />19-JC-04
<br />1/01/2019—12/31/2021
<br />PURPOSE AND INTENT
<br />The City of South Bend, in creative and affirmative partnership with City residents, private enterprise,
<br />neighborhood and community organizations, and the Federal Government, is committed to the national
<br />objectives of "creating a suitable living environment, decent housing, and creating economic
<br />opportunities" for all persons. In attempting to achieve this objective, the City of South Bend has
<br />identified this project to address "Decent Housing." Additionally, the City has determined that, for this
<br />project, there is a need to secure the services of an organization with special expertise. Therefore,
<br />program funds will be utilized through Community Homebuyers Corporation, Inc. to leverage
<br />affordable home financing for eligible low and moderate income.
<br />TARGETED GOALS
<br />The targeted goal for the Homeownership Assistance Program (19-JC-04) is to assist no less than
<br />eleven (11) low -moderate income first-time homebuyers by providing forgivable second mortgages of
<br />20% of purchase price and/or closing cost assistance ($1,000).
<br />If, for any reason, there is difficulty in achieving this goal, the Agency must notify the Department of
<br />Community Investment of the problem(s) so the matter(s) can be rectified in a timely manner.
<br />INCOME GUIDELINES
<br />Households with income in the low or moderate income range (as defined from time to time by
<br />HUD) are
<br />eligible applicants for assistance under this activity. Annual limits as of June 28, 2019
<br />are:
<br />FY 2019 CDBG-HOME-ESG Income Limits (Effective 6/28/19)
<br />1-Person 2-Person 3-Person 4-Person 5-Person 6-Person
<br />7-Person
<br />8-Person
<br />Household Household Household Household Household Household
<br />Household
<br />Household
<br />30° _ ........w_
<br />3 /o AMI 13,800 15,800 17,750 19,700 21,300 22,900
<br />.... .. __ .....ww...
<br />-
<br />26 ,050
<br />50% AMI 23,000 26,250 29,550 32,80.. 35,450 38,050
<br />� 4 0
<br />40,700
<br />43,300
<br />60%AMI 27,600 31,500 3,
<br />5460 39,360 42,540 45,660
<br />48,840
<br />51 ,960
<br />80%AMI 36,750 42,000 47,250 52,500 56,700 60,900
<br />65,100
<br />69 ,300
<br />INCOME DETERMINATION
<br />The Agency agrees to determine each household's income eligibility by determining the household's
<br />annual income. The Agency must use the Section 8 (Part 5) definition of annual income, using no less
<br />than three months of income documentation, and use the same method of determining annual income
<br />consistently under this contract.
<br />ACTIVITY SERVICE AREA
<br />The activities under this contract must take place within the City of South Bend,
<br />TIMETABLE
<br />Costs may be incurred when the agency is notified to proceed by the Department of Community Investment.
<br />Appendix I - Scope of Services Page 1
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