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Yes, until the 10 years are over or should the amount get repaid.
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The Housing Rehabilitation Program is designed to provide homeowners with a means to make necessary repairs to their home. The homeowner must live in the house. This is a forgivable loan, where if the homeowner stays in the house for more then 10 years after the repairs are made, there is no loan; it becomes a grant. If the homeowner moves out or sells the home it is prorated accordingly. There are no exceptions.
After the application (PDF) is filled out and all necessary documents are compiled, contact the Housing Office at 609-890-3675 to set up an appointment to review the paperwork.
Eligibility Requirements apply.
Yes, $ 15,000. However, this is on a sliding scale based on family size and the income of the entire family residing there.
Yes, it will be inspected by the program's inspector during and upon completion and if needed by other inspectors that the Township requires.
The projects are primarily funded by the Office of Housing and Urban Development of the Federal Government. The funds are allocated each year and can be used until exhausted.
The Administrative portion has a minimal affect on the Township budget.