Is Property Fully Insured? *

Yes

No

Are property taxes current? *

Yes

No

Is Property in Foreclosure? *

Yes

No

Type of Grant Award Requested *

Standard: up to $50,000 per eligible unit - units affordable to 80% AMI level

Enhanced: up to $75,000 per eligible unit - units affordable to 60% AMI level

Percent Owner to Commit to Project *

100% ($1.00 by owner for every $1 of grant funding)

80% ($0.80 by owner for every $1 of grant funding)

60% ($0.60 by owner for every $1 of grant funding)

40% ($0.40 by owner for every $1 of grant funding)

20% ($0.20 by owner for every $1 of grant funding)

Other: Specify Below

Source of Owner Funding *

Bank

Cash

Prequalification Letter

Other

My eligibility for the program includes verification by Neighbors of Watertown, Inc. that I am a "Responsible Owner" *

I understand

I, or an immediate family member, may not serve as the contractor for the rehabilitation work *

I understand

I have not, and will not, displace a tenant for the purposes of making a unit eligible for grant *

I understand

Neighbors of Watertown, Inc. will conduct a property site inspection to verify eligibility for grant *

I understand

If my property is constructed prior to 1978, the grant program requires a Lead Risk Assessment to be conducted in any unit receiving assistance (and any tenant means of egress) and that the rehabilitation scope of work is required to address any identified lead hazards *

I understand

Units that receive VRP grant assistance are subject to affordability requirements for 10 years, including selecting income-qualified tenants and a limit to the monthly rent charged to tenants *

I understand

If selected for a VRP award, I will be required to execute an agreement with Neighbors of Watertown, Inc. and file a Declaration of Interest on the Property with the County Clerk *

I understand