HOW DO I KNOW IF I AM ELIGIBLE
Final
determination of eligibility will be made by the Planning
and Development Department. Eligibility will be based on the following criteria:
1.
You must own and occupy the property to be assisted. 2.
First, determine the number of persons in your household.
Second, calculate your adjusted annual
household income by taking your annual gross income and
subtracting the medical expenses, not covered by insurance,
which is in excess of 3% of your gross income. Find the number
of persons in the household on the Schedule and compare this
with the income figure reported on the Schedule. This will
give you your percentage of eligibility.
Example: The
Jones family has 4 persons in their household and have an
annual gross income of $30,000 and the medical expenses not
covered by insurance are $3,000. Three percent(3%) of $30,000
equals $900. Therefore, the Joneses are allowed to deduct
$2,100 from their household income to arrive at the adjusted
income of $27,900.
($30,000 gross household income minus
unreimbursed medical expenses in excess of 3% of income, or
$2,100, equals $27,900). The
Joneses would be eligible
for 93% assistance.
LIQUID ASSET LIMITATION
In addition
to the income limitations above, Liquid Assets held by the
Family shall not exceed $20,000 when the head of the household
is less than 62 years of age and $40,000 when the head of
the household is 62 years of age or older. The term
"Liquid Assets" means Bank or Savings Accounts,
Stock, Bonds, Certificates of Deposits or any other Assets
which may be readily converted to cash.
ARE RESTRICTIONS PLACED ON MY PROPERTY?
If
you receive a grant or loan, a lien will be placed on your
property. The lien will continue for five (5) years in the
case of a grant or until the loan is repaid in case of a sewer
connection. If you sell or convey your property while the
lien is in effect, you will be required to pay the remaining
balance of your loan and a certain portion of the grant you
received within thirty (30) days of the land transfer. If
you want to subdivide your property while the lien is in effect,
that part of the grant or loan applicable to the newly created
lot(s) or tract(s) independently meet the eligibility requirements.
HOW DO I APPLY FOR THE GRANT AND LOAN PROGRAMS
After
the sewer is completed in your area, you will be sent a letter
billing you for the installation of the sewer. You will have
ninety (90) days from the date you are billed to file an application
with the Planning and Development Department, Grants and Program
Implementation Division for a grant to pay for all or part
of the sewer assessment charge. GRANTS DO NOT HAVE TO BE REPAID
UNLESS YOU SELL YOUR PROPERTY WITHIN A FIVE (5) YEAR PERIOD.
You will have ninety (90) days from the billing to apply for
a loan to pay for the cost to connect the sewer to your residence.
Applications will be processed by the Planning and Development
Department, Grants and Program Implementation Division. If
you would like more information please contact:
Marti
Fewell
Planning and Development Department
840 Boonville, Room 310
Springfield,
MO 65802
Telephone: (417) 864-1039 Authorized by
Springfield City Council.
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