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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 | $12,870 | $21,450 | $34,320 |
2 | $14,700 | $24,500 | $39,200 |
3 | $16,530 | $27,550 | $44,080 |
4 | $18,630 | $30,600 | $48,960 |
5 | $19,830 | $33,050 | $52,880 |
6 | $21,300 | $35,500 | $56,800 |
7 | $22,770 | $37,950 | $60,720 |
8 | $24,240 | $40,400 | $64,640 |
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 Paula M. Long by email or at (386) 671-8058.