MOUNT CLEMENS, MI – March 4, 2011 – (RealEstateRama) — Macomb County Executive Mark Hackel announced today that a popular housing rehabilitation program is back in operation after a brief hiatus.
Funded by the U.S. Department of Housing and Urban Development (HUD), the “Home Repair Assistance” program makes deferred, zero‐interest loans of up to $20,000 available for eligible homeowners to make needed repairs to their homes. Using federal guidelines to make homes “decent, safe and sanitary,” the loans can be used for repairs such as a failing roof, a broken furnace, plumbing problems and other noncosmetic rehabilitation projects.
“This program makes it affordable for homeowners to make their homes more livable while contributing to the overall economic stability of our neighborhoods,” said Hackel. “I encourage everyone to visit our website to learn more about the program and how to get the process started.”
Administered by the Department of Planning & Economic Development, eligible properties are those which are owner‐occupied in one of Macomb’s 21 “Urban County” communities. (Clinton Township, Roseville, St. Clair Shores, Sterling Heights and Warren have home repair programs of their own.) Applicants must have a household income at or below specified levels. For instance, a family of four with a household income at or below $55,850 could qualify.
Eligible applicants must also be current with mortgage, homeowners insurance and property tax payments. The loans are deferred until title of the property is transferred to another owner at which time they are due in full. Complete details of the program, including all eligibility guidelines and an application can be found at: www.macombcountymi.gov/mcped or by calling 586‐469‐5285.
Contact:
Stephen N. Cassin, AICP
Executive Director
Planning & Economic Development
5864695285
