WHA Approves Loan For Home Repair
July 28, 2016 at 4:25 p.m.
Members of the Warsaw Housing Authority voted Monday to approve a $10,000 loan as part of their owner-occupied rehabilitation program.
The loan request for the program would pay for a new roof, furnace and electrical work in a house that was cited by the city of Warsaw. The work, financed by WHA, would bring the house up to the city code.
The loan board passed the request on the condition that if the necessary repairs cost more than the approved $10,000, executive director of WHA Catharine Walker would bring the case back to the board.
Walker also gave the board updates on two other properties currently in reconstruction as part of the OOR program.
One property suffered a collapsed well while contractors were fixing the house. Given the medical condition of the property owner, the Indiana Housing Finance Authority approved WHA to fix the well for an addition to the loan.
Another property also required special approval from IHFA to lift the house and put in a new foundation.
WHA has completed one property rehabilitation so far as part of the OOR program. Walker said four other homes are being worked on, and another is signed and ready to begin construction. Two others are set to bid out next week, Walker said.
In other business:
• The board approved a new allocation methodology effective Aug.1 for the rest of the fiscal year to pay the bills with IFHA.
• WHA received the software licensing agreement for new computer software.
• The board approved several requests to pay contractors and send a WHA employee to a regional meeting in Nashville, Tenn.
• The board also voted to adopt the same financial management and procurement policies as Housing Opportunities of Warsaw, a new extension for county housing assistance. [[In-content Ad]]
Members of the Warsaw Housing Authority voted Monday to approve a $10,000 loan as part of their owner-occupied rehabilitation program.
The loan request for the program would pay for a new roof, furnace and electrical work in a house that was cited by the city of Warsaw. The work, financed by WHA, would bring the house up to the city code.
The loan board passed the request on the condition that if the necessary repairs cost more than the approved $10,000, executive director of WHA Catharine Walker would bring the case back to the board.
Walker also gave the board updates on two other properties currently in reconstruction as part of the OOR program.
One property suffered a collapsed well while contractors were fixing the house. Given the medical condition of the property owner, the Indiana Housing Finance Authority approved WHA to fix the well for an addition to the loan.
Another property also required special approval from IHFA to lift the house and put in a new foundation.
WHA has completed one property rehabilitation so far as part of the OOR program. Walker said four other homes are being worked on, and another is signed and ready to begin construction. Two others are set to bid out next week, Walker said.
In other business:
• The board approved a new allocation methodology effective Aug.1 for the rest of the fiscal year to pay the bills with IFHA.
• WHA received the software licensing agreement for new computer software.
• The board approved several requests to pay contractors and send a WHA employee to a regional meeting in Nashville, Tenn.
• The board also voted to adopt the same financial management and procurement policies as Housing Opportunities of Warsaw, a new extension for county housing assistance. [[In-content Ad]]