Rapid City HOME Investment Partnerships

Acerca de Este Programa

Federal HOME funds used for substantial rehabilitation of owner-occupied homes. Provides forgivable loans for households at or below 80% area median income. Loan forgiven after 5-10 years of continued occupancy.

Forgivable loan amount based on rehabilitation scope, forgiven over affordability period

Detalles Clave

• Forgivable loan up to $35,000
• Income at or below 80% AMI required
• Must be owner-occupied in Rapid City
• Forgiven after affordability period (5-10 years)
• Covers major rehabilitation and systems

Como Solicitar

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

Deadline: Rolling applications, subject to funding