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This program provides assistance to low-income, owner-occupied households for substantial housing rehabilitation or reconstruction of a unit which is not feasible for standard repairs.
The applicant must:
Family Size | Extremely Low - 30% | Very Low - 50% | Low - 80% |
---|---|---|---|
1 | $13,750 | $22,900 | $36,650 |
2 | $17,420 | $26,200 | $41,850 |
3 | $21,960 | $29,450 | $47,100 |
4 | $26,500 | $32,700 | $52,300 |
5 | $31,040 | $35,350 | $56,500 |
6 | $35,580 | $37,950 | $60,700 |
7 | $40,120 | $40,550 | $64,900 |
8 | $43,200 | $43,200 | $69,050 |
Income limits are updated annually by the U.S. Department of Housing and Urban Development (HUD).
The applicant must enter into a legally binding agreement, which places a lien on the property. During the lien period, the applicant must:
The maximum subsidy loan payment shall not exceed the current Section 221(d) (3) mortgage limits.
For more information, please contact La'Shondra Robinson by email or at (386) 671-8058.