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MHFA Interest Subsidy Loan Program <br /> Page 6 <br /> Structural Additions and Alterations • carports construction of or <br /> • foundation work improving garage space <br /> • garage construction or which will result in <br /> repair(new or improved personal use garage space <br /> garage space must not per property exceeding 800 <br /> exceed 800 sq.ft.and must sq. ft and 3 stalls <br /> be use for personal use repairs to or construction of <br /> only) out buildings <br /> • health and safety repairs to • conversion of a <br /> recreational improvements nonresidential structure to a <br /> • remodeling residential structure <br /> • room additions costs associated with <br /> moving a house <br /> • greenhouse <br /> SCOPE OF SERVICES <br /> City of Mounds View Responsibilities: <br /> 1. Develop program guidelines and supervise implementation. <br /> 2. Market the program to city homeowners. <br /> 3. Dictate change in program guidelines as funds or conditions demand or indicate <br /> necessary. <br /> 4. Periodically review scope of work appeals and loan denial appeals. <br /> 5. Review periodic status reports provided by participating lenders. <br /> 6. Monitor and evaluate participating lenders performance and loan program guidelines. <br /> 7. City will establish a list of qualified remodeling counselors to be made available to <br /> the lender(s). <br /> 8. Facilitate an information meeting of participating remodeling counselors to provide <br /> expectations of services for the program(i.e. Loan pre-approval requirement for <br /> services, etc.). <br /> 9. Verify work is completed according to contract application. <br /> 10. Provide an administrative fee of$75 per subsidized loan payable to the lender. <br /> Participating Lenders Responsibilities: <br /> 1. Process loan applications. Lenders will first attempt to place a borrower in either the <br /> MHFA Fix-up Fund, Community Fix-up Fund or Home Energy loan programs. <br /> 2. Evaluate loan requests using MHFA underwriting guidelines. <br /> 3. Verify that eligible applicants live in Mounds View and that the proposed property <br /> lies entirely within the city's boundary. <br /> 4. As part of the application process, lenders will provide borrower a list of remodeling <br />