North Carolina Housing Finance Agency
2017 ESSENTIAL SINGLE-FAMILY REHABILITATION LOAN POOL PROGRAM
APPLICATION PERIOD OPENS AUGUST 1, 2017
Low-income homeowners in Moore County are encouraged to submit an application for assistance under the 2017 Essential Single-Family Rehabilitation Loan Pool Program (ESFRLP17) to the Planning & Transportation Department starting Tuesday, August 1st thru Thursday, August 31st by 4:30pm.
This program provides assistance with the rehabilitation of moderately deteriorated homes that are owned and occupied by lower-income, special needs households. ESFRLP17 assists eligible households by facilitating aging in place, meeting minimum housing code requirements when applicable, promoting long-term affordability, lowering operating costs, and stabilizing pre-1978 built homes that include children aged 6 or under whose health is threatened by the presence of lead hazards.
Priority for assistance will be given based on income and special needs including those who are handicapped or disabled, elderly (> 62), large households (five or more), single-parent households, households with a child below the age of 6 with an elevated blood lead level, or a military veteran. Homeowner’s household income must not exceed 80% of the area median income for the household size (ESFRLP17 Income Limits listed below).
Eligible applicants must own their home and live in it as their primary residence in order to qualify for assistance under any housing rehab program administered by Moore County. Those previously served with any State of Federal funds within the past 10 years will require prior consent through North Carolina Housing Finance Agency.
The Essential Single-Family Rehabilitation Loan Pool Program is a $175,000 award to Moore County by the North Carolina Housing Finance Agency. It is anticipated that at least five (5) homeowners will be served under this program. After demonstrating successful use of the initial set-aside, the County may access additional funds, when available, on a unit-by-unit basis from the ESFRLP17 loan pool.
For more information or to receive an application please contact the Moore County Planning & Transportation Department at (910) 947-5010.
2017 Income Limits for Moore County’s
Essential Single-Family Rehabilitation Loan Pool 17