|
|
Housing Rehabilitation Program
George Graham - Housing Specialist
1675 E. Prater Way, Suite 107
Sparks, Nevada 89434
Phone: 775.353.7895
Fax: 775.353.1608
|
|
Your home is often your biggest investment. Improving living conditions and extending the life of your home is extremely important. The City of Sparks Housing Rehabilitation Program is here to assist qualifying, low income individuals and families with their homes. Housing Rehabilitation Program information
For more information on other affordable housing options, check out: Nevada Rural Housing | |
What is the Housing Rehabilitation Program?
This is a federally funded loan program from the Department of Housing and Urban Development to help low income individuals. It is administered through the City of Sparks. The program is funded through the HUD Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME) funds.
Who is Eligible?
Individuals and families who meet program guidelines and live in the Sparks city limits. All applicants must:
- Own and have occupied the home for at least one year.
- Meet income requirements.
What Types of Homes Qualify Under This Program?
Owner-occupied single family residences. Condominiums, townhouses & mobile homes may also qualify.
What Type of Loans or Grants are Available?
Emergency Repair Grant
The maximum amount allowable under this program is $2,500 per household. The applicant must meet the income requirement of 60% or less of area median income. These grants may only be obtained in the event of an emergency that can affect health and safety. No payment is required and no lien is placed against your home. Emergency grants are administered on the basis of need.
Deferred Payment Loan
The loan can be written for an amount up to $20,000 to make needed repairs. The applicant must meet the income requirement of 80% or less of area median income. The loan is secured by a Deed of Trust on the home. The loan is to be repaid, in full, when the property is sold or the title is transferred to another person or if you no longer live in the home. There are no interest charges. There are no monthly payments.
What Type of Repairs are Covered by a Deferred Payment Loan?
House repairs such as roofing, hazardous electrical wiring, plumbing, doors, windows, insulation (minimum code requirement), foundation, wall repair, floor covering, ADA issues and reduction of lead-based paint hazards (during general rehabilitation activities).
How Do I Apply?
This program is administered by the city's housing specialist. Please call 775.353.7895 if you have any questions or would like an application.