The HOME Consortium operates a loan program to provide low to moderate income households with access to funds for modest home repairs.
The loan is provided as a no-interest deferred loan of up to a maximum of $15,000 for households with incomes at or below 80% of the area median. There are no monthly payments, and the entire loan is due upon sale of the home.
- Eligible Properties: The homes must be owner-occupied, single family attached or detached units (such as condominiums). In addition, the value of the home cannot exceed HUD maximum after-rehab value limits, as outlined below.
- Eligible Repairs: Priority activities include repairs to mechanical or structural items that present an imminent health and safety problem, such as:
- mechanical systems (e.g., furnaces and hot water heaters)
- plumbing, water or water/sewer laterals in disrepair
- windows in disrepair
- any accessibility improvements
Once repairs have been completed, all homes must meet HOME Consortium Code Requirements or additional work will be required.
- Contact WPHD staff to obtain application and determine eligibility
- Schedule a home inspection where our inspector completes a Scope of Work detailing necessary repairs to meet code and other improvements
- Homeowner gets bids from contractors
- Loan closing (this gets recorded as a lien on your property)
- Contractor, homeowner and WPHD review owner/contractor agreement
- Work begins on home
- Funds are not released to pay contractors until the home passes the final inspection