Housing Rehabilitation Program
The Housing Rehabilitation program provides assistance for low to moderate-income
homeowners in Jefferson County for essential repairs and necessary improvements
to their home.
What We Do
The Rehab Program is a way by which homeowners in Jefferson County can
make or keep their homes safe, decent, and affordable. It primarily assists
the elderly and disabled on fixed incomes and working, low to moderate-income
families.
It helps preserve home ownership by offering a means for the low-income
to do necessary work without risk of losing the home to unmanageable debt.
The Program promotes stability, livability and value of the neighborhood
as a whole by upgrading individual houses that are in disrepair or are
not maintained because the owners don’t have the resources.
Financial Assistance
If you qualify for the Program you may receive a low interest loan (3%
or 5%) with affordable payments to cover the cost of rehabilitating your
home. If a member of your household is elderly or disabled and on a fixed
income, you may qualify for a deferred loan.
All deferred loans are paid back when the house sells or is no longer
the owner’s primary residence and are not transferable. As loans
are paid back into the Program these funds are used to help other qualified
homeowners.
The maximum loan amount is $25,000.00.
Technical Assistance
We will help you get competitive bids and find a qualified contractor
who can do quality work at a reasonable cost, prepare the loan and construction
documents, inspect work and authorize payments as the work progresses.
There is no cost to you for this assistance.
Call 303-403-5423 for more information or to have an
application sent to you.
Rehab Staff Directory
What Work Can Be Done?
Safe water and sanitation systems
Adequate and safe heating systems
Electrical and plumbing to meet code
Testing for and measures to reduce lead poisoning hazards for children
Correcting structural problems
Retrofit for handicap accessibility
Replacement of roofs and gutters
Energy efficient upgrades of home
Any condition that can cause an eminent hazard to the occupants
Who Qualifies?
You must be the owner of the home (title in your name) and live in the
home as your primary residence.
Your home must be located in unincorporated Jefferson County, the Cities
of Lakewood, Wheat Ridge, Golden, or Mountain View, or one of the other
participating communities in Jefferson County. The Cities of Arvada and
Westminster have their own programs, if you live in either of those cities
please contact that city.
Your total household income must be below the limit set by HUD.
These income limits are good through 2009, or until new guidelines are received.
| Rehab
Program Income Guidelines |
Family
Size |
Median
Income |
3%
Deferred Loan
50% of Median
(very low income)
Annual Income |
3%
Monthly Pymt
60% of Median
(Low Income)
Annual Income |
5%
Mthly Payment
80% of Median
(Moderate Income)
Annual Income
|
| 1 |
$53,200 |
$26,660 |
$31,920 |
$42,560 |
| 2 |
60,800 |
30,400 |
36,480 |
48,650 |
| 3 |
68,400 |
34,200 |
41,040 |
54,700 |
| 4 |
76,000 |
38,000 |
45,600 |
60,800 |
| 5 |
82,100 |
41,050 |
49,260 |
65,650 |
| 6 |
88,200 |
44,100 |
52,920 |
70,550 |
| 7 |
94,200 |
47,100 |
59,520 |
75,400 |
| 8 |
100,300 |
50,150 |
60,180 |
80,250 |
|
EXCEPTIONS: If you are low/moderate income Homeowner and are 62 years
of age or older, or if you are disabled and require the rehab work
for accessibility, the monthly payments may be deferred by ruling
of the Rehab Loan Committee, depending on special circumstances. This
3% simple interest, deferred loan will not be required to be paid
back until the house is sold or is no longer your residence. |
| |
Note: The cities of Arvada and Westminster have their own Rehab
Programs. If you live in either Arvada or Westminster you need to contact
the city you live in. For Arvada’s Rehab Program; call (720) 898-7498
for information.
This information is to be used as a guide only and should not
be used by other agencies, amounts may vary and change without notice
|
