Current through Register Vol. 47, No. 5, March 10, 2024
5.1 Applications may include qualified
rehabilitation expenditures incurred within 24 months prior to the submission
of an application and Rehabilitation Plan.
(a)
Work undertaken within 24 months prior to submission of an application for
preliminary approval may be included in the Rehabilitation Plan provided that
the requirements of sections 3, 4, and 5 of these Rules are met.
(b) Work undertaken more than 24 months prior
to submission of an application for preliminary approval may not be included in
the Rehabilitation Plan and those expenditures may not be submitted for credit
approval.
5.2
Applications for prior completed rehabilitation work will be approved provided:
(a) The applicant submits to the Reviewing
Entity 1) the items required of all applicants outlined in Section 4 of these
Rules, including photographs showing the condition of the Qualified Residential
Structure prior to commencing any rehabilitation; 2) a written description of
the condition of Qualified Residential Structure prior to commencing any
rehabilitation with a declaration stating that the information provided is true
and correct under penalty of perjury, signed by a person with knowledge of the
structure; 3) a written description of the rehabilitation work previously
completed; 4) receipts for goods and services demonstrating that qualified
rehabilitation expenses for work previously completed were for qualified
rehabilitation work and were undertaken within the 24 month period prior to the
submission of the application; and 5) the items required of all applicants
outlined in Sections 10.2
and 10.3 of these Rules for the
work that was previously completed; and
(b) The Reviewing Entity finds that the
applicant's documentation for the already completed work demonstrates
conformity with Section 8 of these Rules.
5.3 If the application for prior completed
work is made to a Certified Local Government, the applicant must work with the
Certified Local Government to ensure that the prior completed work complies
with the requirements of local ordinances.
5.4 Applicants who complete rehabilitation
work prior to the submission of an application and Rehabilitation Plan do so at
their own risk as the prior completed work may not conform to the standards
outlined in these Rules.
