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Debt to Income 50% <br /> Eligible Properties Mounds View owner occupied single family, duplex or <br /> manufactured home properties <br /> Eligible Improvements Failure of the heating, electrical, ventilation, or plumbing /septic <br /> system; <br /> Roof leaks that have led to significant damage to the interior <br /> A structural failure of the foundation, walls, or roof that could <br /> cause collapse; <br /> Removing lead paint or the cause of a confirmed concentration <br /> of lead in the resident's whole blood (Environmental Intervention <br /> Blood Lead Level) <br /> Other emergency conditions that could cause the home to be or <br /> become uninhabitable will be considered by on a case -by -case <br /> basis <br /> Contractor Bid; Applicants must provide the Housing Resource Center's <br /> Construction Manager with one bid for each improvement project <br /> in an emergency situation if the construction manager deems the <br /> bid reasonable. All contractors must be licensed and insured. <br /> Application Loan Disbursement Process <br /> The Housing Resource Center's (HRC) NorthMetro Office is the program administrator. <br /> Please call the HRC's construction and loan consultants at 651- 486 -7401 to answer <br /> any questions about Mounds View's loan program and /or your project. <br /> GMHC Housinq Resource Center NorthMetro Office <br /> 1170 Lepak Court <br /> Shoreview, MN 55126 <br /> Phone: 651 486 -7401 <br /> Fax: 651 486 -7424 <br /> DO NOT SIGN ANY CONTRACTS OR START YOUR PROJECT UNTIL A CLOSING <br /> HAS TAKEN PLACE. ANY PROJECT BEGUN BEFORE A LOAN CLOSING HAS <br /> TAKEN PLACE WILL BE INELIGIBLE FOR PARTICIPATION IN THE PROGRAM. <br /> Application Process: Completed applications will be processed by the Housing <br /> Resource Center (HRC) NorthMetro on a first -come, first- served basis, as funds are <br /> available until all program funds are committed. After loan approval you will be notified <br /> to come to the HRC for a loan closing to sign a Note and Mortgage. <br /> Rehabilitation Consulting: HRC consultants will be available to advise borrowers <br /> about proposed projects and conduct an optional initial home inspection. HRC will <br /> review bid(s) for reasonableness. <br /> Emergency Deferred <br /> Page 2 of 3 <br />