The Housing Rehabilitation Program is a USDA/Rural Development program sponsored by the Northwest Regional Housing Authority. The program helps very low-income participants repair health and safety hazards on their home.
What does this program do?
The Housing Rehabilitation Program provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
Who may apply for this program? To qualify, you must:
Be the homeowner and occupy the house
Be unable to obtain affordable credit elsewhere
Have a family income below 50 percent of the area median income
For grants, be age 62 or older and not be able to repay a repair loan
How may funds be used?
Loans may be used to repair, improve or modernize homes or remove health and safety hazards
Grants must be used to remove health and safety hazards
How much money can I get?
Maximum loan is $20,000
Maximum grant is $7,500
Loans and grants can be combined for up to $27,500 in assistance
What are the terms of the loan or grant?
Loans can be repaid over 20 years
Loan interest rate is fixed at 1%
Grants must be repaid if the property is sold in less than 3 years
If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination.
How to participate: NWRHA is now accepting applications for the Housing Rehabilitation Program. For more information or an application, contact Northwest Regional Housing Authority at 870-743-6779, Email: firstname.lastname@example.org
You must live in any of the following counties: Baxter, Benton, Boone, Carroll, Fulton, Izard, Madison, Marion, Newton, Searcy, Stone, or Washington.
There is no cost to participate in the program.
Funding Provided By:
USDA Rural Development - 504 Grants and Loan Funds.
USDA Disclaimer 1B In accordance with Federal law and U.S. Department of Agriculture policy, this institution is prohibited from discriminating on the basis of race, color, national origin, age, disability, religion, sex and familial status. To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).
Question and Answer
Question: When does loan repayment start? Answer: When funds are distributed.
Question: How do I know if I am eligible for the program? Answer: Eligibility is determined by income and current housing situation.
Question: What are the income limits? Answer: Applicants must earn less than 50% of the area median income for your county of residence. That's a number that is determined by the Federal Government and changes from year to year. (Call and we will let you know the current limits for your county)
Question: What are the requirements concerning my current housing situation? Answer: Applicants must own their own home.
Question: What are the terms of the USDA loan? Answer: Loans can be repaid over twenty years and the loan interest rate is fixed at 1%. Grants must be repaid if the property if sold in less than 3 years.