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Step Three: Bids Contractor Bids a. At least two contractors will get a copy of bid spec and contact the homeowner to schedule a time to come out to home and bid on work to be done. b. ACCAP has a list of licensed contracts that are authorized to bid. If you wish to choose your own contractors you must find three, verify that they are licensed general contractors, and that they currently carry liability insurance. c. Bid specs:are picked up on the first Wednesday of every month, and contractor has until the last Wednesday of the month to return sealed bid. d. Contractor will submit sealed bid specs to ACCAPafter three weeks, and ACCAP will open them to determine who has the lowest bid: e. The contractor with the lowest bid will be awarded the contract. Step Four: Bid and Contract Review Bid Review a. ACCAP will go over awarded bid at clients home. b. If bid exceeds $20,000,which is the maximum grant amount(excluding additional lead expenses, which will not be added to grant), ACCAP will work with homeowner(s) to determine what' must be removed from the bid on a priority basis as determined by HQS. Contract a. ACCAP will review the Proposal for Home Rehabilitation, Which is a contract between the homeowner(s) and the contractor, and homeowner will be required to sign at this t/me. b. ACCAP will review the Repayment Agreement, which is the lien that will be filed on the' property, and homeowner(s) will be required to sign at this time. *This lien is an interest free deferred loan that decreases by 10% each year you live in the home, until you reach 50% of grant amount, lien will then stay at 50% until you sell, refinance, or get an additional mortgage. Step Five: I. Final Approval Anoka County a. Completed file to be sent to Anoka County Community Development for final approval (this may take one to two weeks). b. Once file has been approved contractor will be authorized to begin work (contractor has 60 days to begin work, and 180 days to complete work). Things to I. remember: This Housing Rehab Grant is for IOw-income households who are in need of housing m~intenance repairs. If you have specific needs and wants, cosmetic repairs, or miDim_nl' repairs this may not be the appropriate program for you. You may wish to contact MHFA at (651) 296- 8215 for a Iow interest loan, or find other options for your home repairs. In order to assist as many clients as possible, and maintain reasonable cost levels for home rehabilitation,'all materials used in housing rehab are of a-medium quality standard (which are comparable with materials used in current new construction). If you require a higher end product or specific styles, you may want to research other options for you home .repairs. This grant is for single~farrdly homes only. Once work has been completed a lien will be filed on your home. You may have to pay back more than hall of original grant if you move, refinance,, or get a 2~a mortgage prior to five year mark. ACCAP reserves the tight to cancel a file if the amount of work to be completed is excessive.