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Residential Ownership Incentive Grant Application

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  26. By signing this application, I agree and certify the following:
  28. a) I am 21 years of age or older.
  30. b) I will hold title to this residence for a minimum of 5 years.
  32. c) I will reside in the subject residence for a minimum of 5 years and claim homestead exemption as regulated by the Pasco County Property Appraiser.
  34. d) I understand an encumbrance of $5,000 will be placed on property for 5 years.
  36. e) I will be disqualified and grant funds revoked if I do not comply with applicable zoning requirements, design standards and/or guidelines.
  38. f) If I fail to obtain homestead exemption, am found to be using the exemption fraudulently, or vacate property, I understand I will be required to repay the entire $5,000 grant amount. Should grant amount not be repaid within 15 business days, owner will be considered in default and interest will accrue at 18% per annum.
  40. g) I understand before funding is disbursed I will provide a copy of the property sale documents/closing statement, copy of the Warranty Deed, and copy of Homestead Exemption application from Pasco County Property Appraiser, within 7 days of Real Estate Closing.
  42. h) I understand that I must provide a completed W-9 form and will be responsible for any applicable taxes from grant funding.
  44. i) I understand the Community Redevelopment Agency (CRA) Board of Commissioners reserves the right to deny an application at any time without cause.
  46. j) I have read and understand the requirements of the grant program.
  50. Residential Ownership Incentive Grant Program Affidavit
  52. The qualified homebuyer/grant recipient must reside and claim homestead exemption on the subject property for a minimum of 5 years from the date of the grant award. A lien will be placed on the subject property which will be removed automatically after fulfillment of the 5-year occupancy requirement.
  54. The lien will be filed by the City Clerk’s office on the subject property within 30 business days from date of grant approval.
  56. Should the grant recipient vacate the home prior to fulfilling the 5-year occupancy requirement the grant recipient shall pay to the City of Zephyrhills CRA the grant amount of $5,000 within 15 days of vacating property. Should grant amount not be repaid within 15 business days, owner will be considered in default and interest will accrue at 18% per annum.
  58. All restoration must meet all applicable zoning and code requirements, CRA Design Guidelines and any other applicable requirements as determined by the City of Zephyrhills Planning Department. Zoning and CRA Design Guidelines will be based on a single family residential zoning category. If the applicable CRA and/or Historic Preservation (within designated areas) Guidelines are not met, upon notice by the Zephyrhills CRA the applicant will pay the entire $5,000 grant back to the Zephyrhills CRA within 15 business days.
  60. Funding is not guaranteed until written approval from the City of Zephyrhills CRA is received. The Residential Ownership Incentive Grant Program is not retroactive, extending in scope or effect to a prior time, should you purchase a home before applying to the grant program or do not file homestead exemption within 7 days of closing on property, the subject property will not be eligible for grant funds.
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