Home repair funds available for qualified residents

The city of Marysville still has grants and deferred loans available to help residents with housing repairs.

The funds are available to homeowners living in Marysville who qualify based on their income. Funds may be used to repair or replace roofs, update plumbing or electrical systems or replace heating systems.

Homeowners may receive a grant of up to $5,000 to make those repairs.

Homes in need of major rehabilitation may qualify for a forgivable loan for up to $35,000 to repair or replace all major systems in the home including roof, plumbing, electrical and structural and lead-based paint, if present.

The loan is made at zero percent interest and requires no monthly payments.
Some funds are still available for down payment and rehabilitation costs for first-time buyers looking to purchase an existing home within the city limits. To qualify, homes must be valued at less than $144,000 for all programs.

Inspection, bidding the project to qualified contractors and project oversight are managed by program consultants. Residents do not have to hire their own contractor.
To qualify for the repair program, a family of four must make less than $34,250 per year. To qualify for the rehabilitation or down payment program, a family of four must make less than $54,800.

Applicants are required to provide documentation for all household income and the determination is made on gross annual income.

Self-employed applicants are allowed to deduct business-related expenses.
Funding for these programs is provided by the Ohio Department of Development. All funds must be spent by Aug. 31.

For more information, call (937) 645-1046.

This program is administered by the city of Marysville and the Mid-Ohio Regional Planning Commission. The city is an equal housing lender.

From This Week Community Newspapers
March 7, 2009