Summary of Specifications:
Bay County Housing Rehabilitation Program is seeking an independent contractor to act as the Third Party Administrator (TPA) for a grant funded by Housing and Urban Development (HUD) through the Michigan State Housing Development Authority (MSHDA), providing deferred loans to low income residents in accordance with MSHDA policy and procedures. Whenever practicable, program activities will be partnered with other housing rehabilitation/assistance agencies in order to deliver efficient services and leverage funds to best serve the needs of Bay County residents. The service area is the County of Bay (but does not include the City of Bay City, which is a HUD designated core city and as such has a separate assistance fund).
The Housing Rehabilitation Program serves to assist homeowners with incomes at or below 80% of area median income (AMI) with improving their principal residence through no interest loans and deferred payments. The program is available countywide outside the City of Bay City, with all income eligible applicants given an equal opportunity to participate.
Each two (2) year grant cycle the county may be awarded up to $278,000 to be allocated for emergency repairs, home owner rehabilitation, target areas and place-making. Administrative funds are also part of the grant and are currently at 18% of total grant funds (or $50,206 total grant or $25,104 annual actual amount will be dependent upon the grant award) to be split between the County and the TPA based upon a negotiated percent.
