California Code of Regulations › Title 25 - Housing and Community Development › Division 1 - Housing and Community Development › Chapter 7 - Department of Housing and Community Development Programs › Subchapter 14 - California Housing Rehabilitation Program for Owner-Occupied Housing › Article 5 - Program Operations › Section 8058 - Disbursement of Loan Funds

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Upon deferred payment loan approval and
					 request by the local entity, the department shall disburse funds for deferred
					 payment loans loan account approved by the department.
(b) Requests for deferred payment loan funds
					 shall be on Form HCD O-003, California Housing Rehabilitation Program for
					 Owner-Occupied Housing (CHRP-O), Request for Funds, dated 8/90, as set forth in
					 subdivision (c) of this section. This request for funds form is provided by the
					 department. The information on any request shall be subject to verification by
					 the department.
(c) Copy of Form
					 HCD O-003, California Housing Rehabilitation Program for Owner-Occupied Housing
					 (CHRP-O), Request for Funds, dated 8/90.
HCD O-003, 8/90
CALIFORNIA HOUSING REHABILITATION
						PROGRAM
FOR OWNER-OCCUPIED HOUSING (CHRP-O)
REQUEST FOR FUNDS
TO:
FROM:
Department of Housing and Community
								Development
(Local Entity):___________________________
Division of Community Affairs,
								CHRP-O
(Address): _____________________________
P. O. Box
								952054
_____________________________________
Sacramento, CA
								94252-2054
_____________________________________
ATTN: Senior Program
								Manager
_____________________________________
Loan Funds
								Requested
Grant Funds Requested
Contract No.:
								___________________________
$___________________________
$___________________________
[ ] Draw
								#1
[ ] Draw #2
Borrower Name:
								___________________________
Payee
								Name/Address:
Borrower Loan No.: ___________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
Cumulative Data:
Total Fund Commitment by HCD
Total Amount
								of Prior Drawdowns
Loan Funds Requested for Disbursement
Grant
								Funds Requested for Disbursement
Total Approved this Request for
								Disbursement
Balance Remaining in Funds Commitment
_____________$______________
______________$_____________
______________$ _____________
_____________$______________
______________$_____________
______________ $ ______________
I, the undersigned, do hereby certify that the above
						costs were/will be incurred in the performance of the above-numbered contract
						and, if address is not payee, do also certify that the above addressee is
						authorized to act as agent of the payee for the purpose of receiving and
						depositing the above stated sum.
SIGNED___________________________
___________________________TITLE
BY___________________________
___________________________DATED
________________________________________
DO NOT
						WRITE BELOW THIS LINE
________________________________________
The work performed for which this billing is prepared is
						in accordance with all provisions of Contract # _______________ between
						______________________________ and HCD and is approved for payment. Please
						disburse funds in the total amount of $ ____________________, payable to payee
						indicated above. Please phone 323-3178 when the warrant is received by HCD
						Accounting.
Date:___________________________
___________________________
Senior Program Manager
PCA/Index:___________________________
Fund # ___________________________
(d) Deferred payment loan funds shall only be
					 disbursed for approved deferred payment loans in accordance with the following:
(1) In the event the local entity is not
					 certified to approve deferred payment loans, the local entity shall submit to
					 the department with Form HCD O-003, California Housing Rehabilitation Program
					 for Owner-Occupied Housing (CHRP-O), Request for Funds, dated 8/90, the loan
					 file completed pursuant to Subdivision 8057(e)(1) for which funds are being
					 requested.
(2) In the event the
					 local entity is certified to approve deferred payment loans, the local entity
					 shall submit to the department with Form HCD O-003, California Housing
					 Rehabilitation Program for Owner-Occupied Housing (CHRP-O), Request for Funds,
					 dated 8/90, a description of the deferred payment loan for which funds are
					 being requested.