Government Contract | Wisconsin
CDBG Mortgage Reduction

Bid Information

Bid Alert No: 00000544281

Bid Title: CDBG Mortgage Reduction

Agency Bid No. Title: 116045

Received Date: 04/19/2016

Close Date: 05/27/2016

Purchase Type: Not Stated

Delivery Point: Dane County, Wisconsin

Delivery Date: Not Stated


Specifications include, but are not limited to:. Project Description Dane County is soliciting applications from organizations interested in operating a mortgage reduction program to promote homeownership opportunities for low-and-moderate income residents of the Dane County Urban County Consortium (see Appendix A). Funding is expected to be available under the HUD-funded Community Development Block Grant (CDBG) program. The County reserves the right to fund this project with Home Investment Partnership (HOME) funds. This change in funding source and its implications will be discussed with prospective Subrecipient(s). Please refer to the attached document: CDBG & HOME MORTGAGE REDUCTION ASSISTANCE DEFERRED PAYMENT LOANS PROGRAM STANDARDS (Appendix B). Eligible Applicants Public or private non-profit agencies or organizations including faith- based organizations, units of local government, and Community- Based Development Organizations. Project Basics Applicants may target the program to a specific community, a specific development, or to the entire Dane County Urban County Consortium.RFP NO 116045 2 Organizations selected as subrecipients to operate a mortgage reduction program will be expected to comply with the requirements in the CDBG & HOME Mortgage Reduction Assistance Deferred Payment Loans Program Standards for operating the program.These include, in part: Marketing the program. Conducting initial pre-screening, intake, and income eligibility determinations of applicants. Assuring prospective homebuyers complete an approved homebuyer education course. Conducting required underwriting. Documenting the eligibility of the property receiving assistance.Notifying the County CDBG/HOME Specialist once the pre-approved prospective homebuyer has an accepted offer to purchase on a home so that an environmental review may be conducted. The County will also arrange for an on-site Housing Quality Standards (HQS) inspection to be conducted by the Countys representative. All offers to purchase will be contingent on the property passing the environmental review and HQS inspection. Providing the CDBG/HOME Program Specialist with the loan amount, title work, property appraisal, and household eligibility.Executing and filing with the Dane County Register of Deeds the mortgage and note. Maintaining all required documentation and submitting reports in a timely fashion to the County

Bid Related Documents

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Product Codes: 94660, 94625

Agency Information

Issuing Agency: County of Dane

State: Wisconsin

Agency Type: State and Local

Contact: Carolyn Ninedorf, Purchasing Division Purchasing Division, 210 Martin Luther King Jr. Blvd., Room 425, Madison, Wisconsin, 53703

Phone: 608-266-4966

Fax: 608-266-4425




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