Single Family Rehabilitation
The Single-Family Rehabilitation Programs provide assistance to homeowners with major repairs, through rehabilitation. The programs are intended to assist low and moderate-income homeowners who cannot afford to complete the repairs themselves.
Funds are provided by the City's Community Development Block Grant (CDBG) and HOME programs. These programs are funded by the U.S. Department of Housing and Urban Development (HUD).
The Rehabilitation Programs focus on the following priorities and provides funding up to $25,000:
- The elimination of minimum housing code violations to provide for decent, safe, and sanitary housing. Basically, the objectives are to rehabilitate existing housing units by providing new, replaced, or repaired materials in the following areas of general construction:
- Plumbing systems
- Electrical systems
- The replacement or repair of elements in the structure which could deteriorate because of age or condition in the near future (incipient violations).
- Central air conditioner repairs, replacement, or installation of new central air conditioning unit when such costs combined with other repairs do not exceed the maximum limits for each program.
Single Family Loan Program
To cover the cost of repairs, the program is set up to provide a combination of a partial grant and partial repayment loan to eligible homeowners.
Household income is required to be at or below the HUD income guidelines in order to qualify. The home must be owned and occupied by the family at a minimum of 1 year prior to application. Clients must be creditworthy and have no bankruptcy filings or judgments for the previous 2 years from application. The following documentation is required at the submission of an application:
- Copy of Deed of Trust
- 3 Months of Paycheck Stubs
- 2 years of Tax Returns with W-2 Forms
- Social Security Award Letter (if applicable)
- Divorce Decree (if applicable)
- 2 months of Bank Statements
- Copies of Drivers Licenses for all family members
- Copies of Social Security Cards for all family members
Grants are based on household income levels and are reduced by 1/7th per year for seven years. The repayment portion of the loan can be amortized up to 10 years in order to keep monthly payment at a minimum. The following table shows the required repayment percentage based on the family income level: