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
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.
For more information please contact:
City of Amarillo