Contractors Process
Below is the process related to how contract work is handled on NFC projects.
- Bid accepted by homeowner
- Homeowner closes loan (work cannot begin until the loan is closed)
- Rehab funds held in escrow account at NFC
- Satisfactory work completed by contractor
- Homeowner prepares lien waiver release form
- Completed lien waiver release form and invoice/receipt to NFC
- City Inspector to inspect rehab work
- Payout to contractor Tuesday and Friday after 4:00 pm
