These loans provide an affordable means for homeowners to bring their homes into compliance with building codes, perform needed repairs and weatherize their homes.

Eligibility

Eligibility for the housing rehabilitation program is determined by income according to the guidelines shown below. Eligible applicants who qualify for a full loan could receive a maximum of $35,000 depending on the severity of the building code violations on the property.

No-interest, deferred payment loans

Housing rehabilitation loans are secured by a zero-interest, deferred-payment mortgage recorded against the property to be improved. No-interest means that the amount that is borrowed is the amount that is payed back. In other words, no interest is added over the life of the loan. Deferred payment means that the homeowner will have no monthly loan payment. The amount loaned is secured by a mortgage placed on the property and the loan amount is due upon the sale or transfer of the property.

Items that may be addressed through this program include but are not limited to:

• Bathroom repair
• Joists
• Burner/furnace replacement
• Painting
• Carpentry
• Plumbing
• Chimneys
• Pumps
• Ceiling/wall repair
• Doors 
• Septic Systems
• Sill Work
• Electrical work
• Sheetrock
• Storm Windows
• Floors
• Foundation repair
• Roofs 
• Insulation/Ventilation
• Wells
• Windows and MUCH MORE!!!!

Income Limits

Homeowners and any tenant families must have an annual gross income equal to or less than the following amounts as of 05/31/2011:

#FAMILY MEMBERS, ANNUAL GROSS INCOME