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APPENDIX I
<br />SCOPE OF SERVICES / PROJECT DESCRIPTION
<br />Community Homebuyers Corporation, Inc.
<br />Homeownership Assistance Program
<br />17-JC -04
<br />1/01/2017--12/31/2019
<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 (17-JC-04) is to assist no less than ten
<br />(10) low -moderate income first-time homebuyers by providing forgivable second mortgages of 20% of
<br />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 HUD) are
<br />eligible applicants for assistance under this activity. Annual limits as of June 15, 2017 are:
<br />FY 2017 CDBG Income Limits (Effective June 15, 2017)
<br />1-Person
<br />2-Person
<br />3-Person
<br />4-Person
<br />5-Person
<br />6-Person
<br />7-Person
<br />8-Person
<br />Household
<br />Household
<br />Household
<br />Household
<br />Household
<br />Household
<br />Household
<br />Household
<br />30%
<br />12,850
<br />14 650
<br />16,500
<br />18,300
<br />19,800
<br />21,250
<br />22,700
<br />24,200
<br />AMI
<br />'
<br />50%
<br />21,350
<br />24,400
<br />27,450
<br />30,500
<br />32,950
<br />35,400
<br />37,850
<br />40,300
<br />AMI
<br />60%
<br />AMI
<br />25,620
<br />'
<br />29,280
<br />32,940
<br />36,600
<br />39,540
<br />42,480
<br />45,420
<br />48,360
<br />80%
<br />34,200
<br />39,050
<br />43,950
<br />48' 800
<br />52,750
<br />56,650
<br />60,550
<br />64,450
<br />AMI
<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 />Appendix I - Scope of Services Page 1
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