This
program is for low-income homeowners residing in Target Areas,
Action Team Areas, and Safe Neighborhoods. Its purpose
is to help homeowners make repairs because of City code violations
and to assist qualified homeowners who wish to make repairs
to their home but who do not qualify for the City's regular
Housing
Rehabilitation Program.
Funds
can be used primarily for exterior improvements such as roof,
painting, fencing and landscaping, along with water heater,
plumbing, electrical, and sewer.
General
Terms
The
maximum amount of assistance is $5,000 per household, plus up
to an additional $5,000 on a dollar-for-dollar matching basis.
Loans
are provided at zero percent (0%) interest. Unpaid funds are
due upon the sale of property or transfer of ownership if the
home is occupied for less than seven (7) years. After seven
(7) years, the loan is forgiven if the title to the property
has not changed.
For
additional information, download the Neighborhood
Improvement Loan Program Fact Sheet (pdf). Haga clic aquí para español.
New HUD Income Limits for 2008