USDA Section 504 Home Repair Loan & Grant

Acerca de Este Programa

USDA program for very low-income rural homeowners to repair, improve, or modernize homes. Loans up to $40,000 at 1% interest for 20 years. Grants up to $10,000 for homeowners 62+ unable to repay loan, primarily for health and safety hazards.

Combination of low-interest loan and grant for seniors based on ability to repay

Detalles Clave

• Loans up to $40,000 at 1% interest
• Grants up to $10,000 for seniors 62+
• Income at or below 50% AMI required
• Must be in eligible rural area
• Covers health, safety, and accessibility

Como Solicitar

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

Deadline: Ongoing, subject to funding availability