Alabama HOME Investment Partnerships Rehabilitation

Acerca de Este Programa

Federally funded HOME program providing comprehensive home rehabilitation for low-income homeowners in Alabama. Loan is forgiven after 5 years of continued owner occupancy and covers major repairs to bring home to code compliance.

Forgivable loan, no repayment if you remain in the home 5 years

Detalles Clave

• Forgivable loan up to $40,000 for major rehabilitation
• Income at or below 80% AMI required
• Loan forgiven after 5 years of occupancy
• Covers structural repairs, systems replacement, code compliance
• Administered through ADECA and local partners

Como Solicitar

Un contratista con experiencia en subvenciones en Dothan, AL puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Applications through local partners, check availability