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the property. <br />b. All owners of record must agree to encumber the <br />property to be repaired. <br />c. The applicant will execute a Certification of Legal <br />Owners that requires the applicant to certify that they <br />have been legal owner for at least one year prior to <br />Loan application and that the applicant will remain as <br />legal owners for one year after the closing of the <br />Loan. Failure to comply will constitute just cause for <br />the County to call the loan immediately due and <br />payable. <br />4.6 OCCUPANCY <br />a. The applicant must be an occupant of the dwelling to be <br />repaired for at least one year prior to filing a Loan <br />application. Verification of occupancy may be <br />confirmed by real property tax exemption filing date, <br />home address, mailing records and/or neighborhood <br />survey. <br />b. The OHCD may monitor each rehabilitation loan to <br />confirm compliance to the applicable occupancy <br />requirements. Violation of the occupancy requirement <br />may result in acceleration of the maturity of the loan. <br />5.0 PROPERTY ELIGIBILITY <br />5.1 LOCATION <br />a. The dwelling to be repaired must be located on the <br />Island of Hawai`i, County of Hawai`i, State of Hawai`i, <br />United States of America. <br />b. The dwelling located in a Flood Hazard Area indicated <br />on the Flood Insurance Rate Maps of the National Flood <br />Insurance Program of the Federal Emergency Management <br />Agency is eligible if that dwelling receives a RRP loan <br />that is not more than 50% of the value of the structure <br />before rehabilitation. A dwelling that receives a RRP <br />loan that is more than 50% of the value of the <br />structure before rehabilitation and is located within <br />the flood boundaries is ineligible, unless all flood <br />hazards are mitigated pursuant to the eight-step <br />process under Executive Order 11988, Flood Plain <br />Management, and adequate flood insurance coverage is <br />provided by the owner. Any Loan for a dwelling in a <br />flood area requires additional processing for <br />7019RBLA -16- RRP RULES/07-07-2016 <br /> <br />