This option will also administer CDBG-DR funding to support first-time homebuyers with the construction of a single-family home on their existing property. Qualified Applicants may be eligible to receive financial assistance in the form of a grant to be used towards the construction of a new home on their existing property, including eligible prepaid and/or closing costs. Assistance amount will be limited to the amount necessary to achieve homeownership. Assistance will be provided in the form of a grant, secured with a lien on the property for the CDBG-DR assistance through a Deed of Mortgage and Restrictive Covenants, for twenty (20) year affordability period.  Applicants must have been a resident of the Territory at the time of the disaster (this would be evidenced by the 2018 Income Tax Return stamped in the Territory or a lease and/or utility bill) and demonstrate they are mortgage-ready with incomes less than 80% AMI