City exploring program to fund home improvements for lower-income home owners
If you're a low- or moderate-income home owner and your property needs some TLC, they city may have a program soon to allow you catch up on all that deferred maintenance.
The grant program could help you with home repairs and improves on such things as replacing a water heater, replacing electrical systems or re-roofing.
But first, the city needs to know if you're interested. There will be no grants unless enough property owners step forward and request an application.
City Manager Jason Molino said the city is looking for 40 or more property owners to express an interest in the home rehabilitation.
If you think you might qualify, call Jodie Freese at 345-6333 to request an application.
The application is two pages and the package contains more information on the program. The completed forms must be returned to the consultant reviewing the applications by Jan. 31.
Funding for the program will come from the federal government through the Community Development Block Grant process, but the city must prove there are enough interested and qualified homeowners with sufficient need.
The program is part of the city's wider community building efforts to improve neighborhoods and local home values.
"This is the sort of thing that can be contagious and what we hope is that this will sort of catch on and filter into other areas," Molino said.
The program will provide up to $24,500 per structure. If the homeowner doesn't sell his property within five years, the grant does not need to be repaid.
Homeowners who do sell within that time frame, will be required to repay the grant.
The provision, Molino said, is to lessen the interest of speculators in flipping grant-improved homes, but when funds are repaid, the money will just go back into the grant program to assist other home owners.
Based on previous experience with a similar program on Jackson Street some years ago, Molino is hopeful this program will bring about a broad range of home improvements.
But ongoing success requires sustained effort, Molino said.
"To build on it, you need to continue to do it. It's not a one-time fix," he said.
To qualify, homeowners need to meet specified income criteria. For a sole-occupant, the very low income level is $13,050, and the upper level is $34,800.
The two-occupant range is $14,900 to $39,750, and the scale goes all the way up to eight occupants, with a range of $24,600 to $65,600.
The very-low income qualifiers will receive priority funding if approved. Applicants will be required to provide proof of income.