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This entry was published on 2018-04-20
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SECTION 1262
Residential emergency services to offer home repairs to the elderly contracts
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 29
§ 1262. Residential emergency services to offer home repairs to the
elderly contracts. 1. Within the limit of funds available in the
residential emergency services to offer home repairs to the elderly
program, the corporation is hereby authorized to enter into contracts
with eligible applicants to provide financial assistance for the actual
costs of a residential emergency services to offer home repairs to the
elderly program. The financial assistance shall be either in the form of
grants or loans, as the corporation shall determine. Funds must be used
for one- to four-unit dwellings that are owned and occupied by eligible
households, and work undertaken cannot exceed ten thousand dollars per
building. No more than fifty percent of the total amount awarded
pursuant to this article in any fiscal year shall be allocated to any
residential emergency services to offer home repairs to the elderly
program located within any single municipality.

2. From the date of the emergency referral, the eligible applicant has
up to five business days to respond and inspect the eligible property;
from the date of the inspection and assessment of emergency repair need,
the eligible applicant must start the repairs within fourteen business
days; all repairs must be completed within sixty business days of the
start of the repairs provided, however, that the commissioner shall
grant the eligible applicant additional time for good cause.

3. The total payment pursuant to any one contract shall not exceed
five hundred thousand dollars and the contract shall provide for
completion of the program within a reasonable period, as specified
therein, which shall not in any event exceed three years from its
commencement. Upon request, the corporation may extend the term of the
contract for up to two additional one year periods for good cause shown
by the eligible applicant.

4. The corporation shall authorize the eligible applicant to spend
seven and one-half percent of the contract amount for approved planning
and administrative costs associated with administering the program.