Fredville homeowners with low to moderate incomes may qualify for a home improvement loan through the city's Housing Rehabilitation Program.
For residents who are 60 or older or who have a disability, the program combines federal CDBG and/or HOME funds to offer up to $28,000 for a full rehabilitation or up to $140,000 to reconstruct the home. To protect the city's investment, a lien is placed on each assisted single-family, owner-occupied home.
Assistance depends on household income. It may take the form of a Deferred Payment Loan (DPL) or a loan at 0%, 1% or 3% interest to rehabilitate a single-family home. The program does not assist multi-family properties.
The program's purpose is to keep eligible single-family homes from falling into decline by helping their owners repair and maintain them.
Eligible Applicants
- You must be at least 60 years old, or have a long-term disability and provide a statement verifying it.
- The property may not carry a reverse mortgage.
- The home must be inside Fredville city limits, lived in by the owner and have been the owner's primary residence for at least three years.
- You may not have received help from the city through any earlier housing program. Exceptions require approval from the Director or Manager.
- Processing begins only after you turn in every application document and all supporting paperwork.
- Your household's yearly income may not exceed 80% of the HUD median income for the Fredville area (see the table below).
- Deferred property taxes on the home may not total $44,000 or more.
How the Program Works
Applicants reach Housing and Neighborhood Services by walking in, calling or being referred. The department then handles:
- A first look at the condition of the home
- Documenting that the applicant is eligible
- Inspecting the housing unit
- Writing general specifications for the work
- Gathering and processing contractor bids
- Certifying the repair contractors
- Overseeing the construction work
Ready to get started? Submit your application online. Homeowners facing an urgent repair may also want to look at the Emergency Repair Program.
Income Limits
Fredville area: maximum yearly household income by number of people in the household
| Income level (assistance type) | 1 person | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Extremely low, 30% (deferred payment loan) | $22,900 | $26,250 | $29,500 | $35,400 | $38,000 | $39,300 | $40,600 | $43,250 |
| Very low, 50% (DPL $28,000 at 0% combination) | $38,200 | $43,650 | $48,950 | $54,550 | $58,900 | $63,300 | $67,650 | $72,050 |
| Very low, 60% (DPL $14,000 at 1% combination; also the income cap for the Emergency Repair Program) | $45,850 | $52,400 | $58,900 | $65,450 | $70,700 | $75,950 | $81,200 | $86,450 |
| Low, 80% (3% loan) | $61,100 | $69,850 | $78,600 | $87,300 | $94,300 | $101,300 | $108,250 | $115,250 |
Larger households:
- For each person beyond eight, add 8% of the four-person limit.
- For example, the nine-person limit equals 140% of the four-person limit, and the ten-person limit equals 148%.
- Limits for households of 9 to 12 people are rounded to the nearest $50: amounts ending in 1 through 24 round down to 0, and amounts ending in 25 through 49 round up to 50.
A printer-friendly copy of these income limits is available as a PDF.
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