Housing Rehabilitation Assistance
The Housing Rehabilitation Assistance program utilizes CDBG and HOME funds to provide grants to low income homeowners for the moderate to substantial renovation of their homes. There are three components of the Housing Rehabilitation Assistance program including small rehabilitation, large rehabilitation, and reconstruction. The type of financial assistance, repayment structure and the resale/recapture requirements are based on the household income and program component. Financial assistance is provided as a no-interest, deferred payment forgivable loan or a HOME reverse mortgage loan. The terms of loans range from 5-20 years depending upon the amount of financial assistance provided.
Additionally, property owners who wish to rehab rental properties may receive HOME assistance for the Rental Rehabilitation Program. Properties rehabilitated through this program must be made available to rent to low-moderate income tenants.
Applications for the Emergency Repair Program and the Homeowner Rehabilitation Program, and the Rental Rehabilitation Program may be picked up at the Community Development Office, Simms Municipal Building, 808 S Buchanan St, Amarillo, TX, Monday through Friday, 8:00AM – 5:00PM.