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ANOKA COUNTY COMMUNITY ACTION PROGRAM, INC. 1201 89th Avenue NE · Suite 345. Blaine, MN 55434 · Phone 763-783-4747 · FAX 763-783-4700 · TTY 763-783-4724 E-mail: accap@accap.org A United Way Agency February 5, 2003 ' TO: Mobile Home Parks/Anoka County FROM' Lori Manzoline Housing Services Coordinator RE: Community Revitalization Funds Program Dear Sir or Madam: The Minnesota Housing Finance Agency and Anoka County Community Action Pro,am have appropriated funds to assist Iow-moderate income residents in An'o'ka County's mobile home parks. This program is strictly voluntary and no homeowner is being forcEd,to p'articipate. The assistance has three components: Dowry?gym:em Assistance, for the replacement °f'pre-HrJD se'al homes; Buy0ut Assistance, ofpre.-HUD seal homes; and Entry Assistance, to move anew (1997 or newer) home into the park. Downpayment Assistance: This ¢omponent is designed to provide the downpayment necessary to be' approved fbr a new home loan. It serves only those homeowners who currently live in the park and have lived there ['or a minimum of 6 months. The m.aximm~ amount of downpayment assistance that can be received is $10,000.00. The amount of downp.ayment assi:stance needed to purchase a new home i.s to b'e determined by the lender. The homeowner must l~'e able to secure a loan through a lender for '¢h.'e remaining amount of the mortgage. Buyout Assistance: This component is fbr homeown-ers who are looking to move out of the park, and own a mobile home that is far beyond its life expectancy and has little or no assessed value left. The homeowner can receive ~'rom $2,000.00 to $3,500.00 depending on the county assessor's value of the' home. Entry Assistance: This component is for pc~t:~.nti, a'l resid'errts, currently living outside ofth'e p'm'~q'l;h, at Want to purchase a mobile home in the' park. The maximu, m a's'sistan'¢e is $3,000.00; There is also an incentive to the park own'er's to match site renovation up to $1,000.00 for imp.rovem, ems (driveways, sidewalks, retaining walls, electric up'grade.., as determined eligible improvements by ACCAP);. Not all sites can be approved, only those sites where the residents income eligibility meets the qu'atifrcations for funding. The program does include the removal of the existing-home at no cost to the homeowner or the park. Requirements fbr receiving this assistance are: The client does have to be income eligible for this program; which will be determined by our office. The ct[e'nt rnust sign a repayment agreement stating they will live in the mobile.home and remain in the park for a period of 5 years. At the end of 5 years ACCAP releases the lien. A homeowner can sell their home within th'e five-year period but they have to repay the entire amount of assistance back to ACCAP. Please notify residents who live in 1976 or older homes, to call me, if interested; at #763~753-4738. An Equal Opportunity Employer