Raleigh homeowners can get up to $90K for repairs
Raleigh homeowners who meet certain criteria can qualify for up to $90,000 to be used for home repairs.
Posted — UpdatedRaleigh homeowners who meet certain criteria can qualify for up to $90,000 to be used for home repairs.
The money must be spent to fix issues that present a threat to the life, safety or health of the occupants to include repairs to roofs, plumbing, electrical or heating systems and more.
To qualify, homeowners must be
- Currently own and occupy the home to be rehabilitated
- Continue to occupy the home as your primary residence after the work is complete
- Have owned the home for at least five years
- Be 62 years or older OR have a disability
Homes must
- Be located within the City limits of Raleigh
- Be a single-family detached home, townhome, or condominium unit
- Have three or more severely deteriorated systems (such as roof, HVAC, electrical, plumbing, or structural)
- Have a property value of $371,000 or less (effective July 1, 2023)
Loans are available to:
- single-person households with an annual income up to $39,700
- two-person households with income up to $45,350
- families of three with income up to $51,000
- families of four with income up to $56,65
- families of five with income up to $61,200
- families of six with income up to $65,750
- families of seven with income up to $70,250
- families of eight or more with income up to $74,800
Applications are open from October 16 to November 3.
Raleigh, NC 27601
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