About the Process
Types of Financial Assistance
Zero interest, payment-deferred loans for qualified homeowners
Down Payment
Renters can receive up to 50% of the down payment to help purchase their own home. Cannot exceed 10% of the purchase price.
Home Repairs
Receive loan help with home repairs, such as new siding, roofing, windows, septic systems, wells, insulation, furnaces and more!
Rental Units
Low-interest loans that are amortized for up to 10 years are available for landlords who need to rehabilitate rental units.
What to expect
Eligibility is determined by the type of proposed project or purchase, the income of the applicant, and other factors.
Eligibility is determined by the type of proposed project or purchase, the income of the applicant, and other factors.
A housing inspector will examine the home
Multiple contractors will put in bids for the work
A housing inspector will examine the home
A housing inspector will examine the home
Frequently Asked Questions
Yes, the owners will be able to select their own contractor as long as they carry liability insurance. It is also necessary to have at least three contractor bids.
Yes, as the CDBG program only offers zero-percent, payment deferred loans at this time. No grants (i.e. money that does not need to be paid back) are currently available through the program.
Carolyn can help determine eligibility, and you can use the income levels below to help determine eligibility as well.
Number of Persons in Household |
|
1 Person | $40,250 |
2 Persons | $46,000 |
3 Persons | $51,750 |
4 Persons | $57,450 |
5 Persons | $62,050 |
6 Persons | $66,650 |
7 Persons | $71,250 |
8 Persons | $75,850 |
Yes, the land contract owner will also need to sign the necessary paperwork.
Work that was done before the loan was approved is not eligible for reimbursement.
Anyone included the life estate will need to sign the necessary loan paperwork.
Not at this time. Mobile homes in trailer parks are not included in the program.
While you can do your own work, you will not be paid for your own labor. You will also need to provide evidence showing skill and ability to perform the necessary work, and all materials must be purchased and installed before receiving payment.