ATTACHMENT 1
TORCA SHARED APPRECIATION LOAN PROGRAM
ARE YOU ELIGIBLE FOR THE LOAN PROGRAM?
To
see if you may be eligible to participate in this program, answer the following questions. If the answer to all questions with the
exception of 2b is "yes," then you may be eligible. (Of course, final determination of
eligibility will be based on the Program's Requirements.)
1. There are
___ persons in my household.
Together, our household earns about
$ __________ per year.1
This is less than the amount shown below, for a
family of my/our size:
YES __ NO __
Household Size 2006
Maximum
Annual Income2
1 $58,200
2
$66,480
3
$74,880
4
$83,160
5 $89,760
6
$96,480
7
$103,080
8 $109,800
2.a. I have lived in my apartment since
______________________. (Indicate month/year)
b. I
lived in it since the condo conversion application was approved. YES
__ NO __
c. If
answer to b. is yes, date of City approval was: ______________.
3. I can make a down payment on my unit of at
least 5% of purchase price.
YES
__ NO __
4. I cannot afford to purchase my unit
without City assistance. YES
__ NO __
1 Household income includes income of
all household members age 21 or older, including wages, overtime, tips,
business income, pensions, annuities, social security, interest, alimony, child
support, etc.
2Based
on the State of California Housing and Community Development Moderate Income
Limits which is updated annually (January).
I/we hereby
certify under penalty of perjury under the laws of the State of California that
the foregoing is true and correct.
By:
___________________________________
Date: __________________
By:
___________________________________
Date: __________________
This page was last modified on
07/19/2006