Agenda - Council - 10/13/2026 - Laserfiche WebLink

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Homeowner Contribution $0 Award Amount $20,000 Amount Owed to City when sold in 10 years $0 (the award is forgiven) Should it be discovered after -the -fact that a recipient did not meet all of the Eligible Participants criteria, the entire awarded amount must be repaid at the time of sale, regardless of the timeframe between when the award was granted and the sale date. The recipient will be in default of the loan agreement and processed accordingly. Payments to Contractors The City will not pay homeowners directly. Instead, the City will pay the contractors directly for their services. All contractors must be properly licensed and pull the applicable building/electrical permits. The City will pay a down payment (up to 50% project cost) and then a final payment. Final payment will only be made after work is complete and passes all required inspections. Should a homeowner be including their own funds in the project, their funds must be first applied to the down payment. The contractor and homeowner will sign a form acknowledging this arrangement and that no money will be used for kickbacks, bonuses, or anything unrelated to the actual work being performed. After -the -fact or reimbursement applications and payments are not allowed. Due to the limitations of LAHA Funds and the City's goals with this program, improvements must be completed by licensed contractors, not the homeowners. Application Timing The listed exterior improvements are generally scheduled months in advance. Funding these improvements will be based on submitting an application and a contractor's bid during an application window during the month of February. The applicant's tax returns must be filed for the previous year to provide the most recent income verification. The listed interior improvements are generally needed with little or no warning. The City will take in applications and the contractor's bid with the most recent tax returns on a rolling basis. Should available exterior improvement money exceed the amounts requested during the February application window, a supplemental application period will be available on a rolling first-come/first-serve basis. This excess available money can be used for interior improvements. Re -Applicants Nothing will preclude a homeowner who received LAHA funds from applying for additional projects in in future application cycles. In order to improve as many homes as possible, priority will be given, however, to homes that that have not received any LAHA funds. Administration The program will be administered by Community Development staff with the payments coordinated by Finance staff.