Are you a homeowner with low income needing to make home repairs? Or looking to buy a home? If so, representatives from the USDA Rural Development Office will be at the William N. Pennington Life Center on May 25 from 11 a.m. to 2 p.m. to discuss qualifying for programs to allow you to make home repairs or buy a home.
Home Repair Loans and Grants
The USDA Rural Development’s single-family housing home repair loans and grants program provides 1% loans and $10,000 grants to make home repairs or remove health and safety hazards in rural homes for those who qualify based on income. Includes installation and/or repair of sanitary water and wastewater disposal systems as part of a permanent residence.
Eligibility requirements include:
- Own a single-family dwelling located in a rural area that is in need of repair
- Meet the income limits based on family size for the area
- Personally occupy the dwelling
- Unable to obtain sufficient credit from another source
- Have adequate repayment ability
- Meet citizenship or eligible non-citizen requirements
- Have acceptable credit history
- Possess legal capacity to incur the loan
Maximum loan amount is $40,000 with a 20-year term for repayment. Top grant amount is $10,000. Eligible applicants for grants must be 62 years of age and unable to repay a 20-year loan at 1% to qualify.
Home Purchase Program
The USDA Rural Development Office provides homeowner opportunities to low-income rural families and individuals through financing with no down payment and at favorable rates and terms. Maximum loan amount for Churchill County is $336,500 with term of 33 years.
Those who are interested in exploring either one of these programs may call the Rural Development Office in Carson City at (775)887-1222 or stop by the Life Center on May 25 between 11 a.m. and 2 p.m. to discuss eligibility and options with Rural Development Office staff who will be on-site.
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