Housing Authority Gets State Funds For Owner Rehab Project
July 28, 2016 at 4:25 p.m.
The Warsaw Housing Authority on Monday approved acceptance of $250,000 in funding from the Indiana Housing Authority.
The funds will be administered through the WHA Owner-Occupied Rehabilitation Program over the next 18 months.
The continuation of funding for the rehabilitation program will allow low-income homeowners to repair structurally unsound portions of their homes.
Five clients' homes have already been renovated. With the improvements finished, the homeowners will sign the mortgage and begin repayment on their portion of the remodeling.
Renovations have begun on three Warsaw residences. Four people have started the application process for the Owner-Occupied Rehabilitation Program.
The program can loan up to $25,000 to low-income Warsaw residents whose homes need improvements or structural repairs. Depending on income level the home improvement loans may be forgivable or partially payable.
The WHA provides loans to people who are unable to secure a conventional loan. All applicants must provide proof of denial of a bank loan when completing the application process.
In other business:
• Fred Hash, a Federal Home Loan Bank community investment director covering Michigan and Indiana, will attend the November meeting.
• Board president Bob Kline, board member Sherri Ruggier and executive director Vickie Provine will attend a U.S. Department of Housing and Urban Development-sponsored commissioners session workshop Thursday in Indianapolis. [[In-content Ad]]
The Warsaw Housing Authority on Monday approved acceptance of $250,000 in funding from the Indiana Housing Authority.
The funds will be administered through the WHA Owner-Occupied Rehabilitation Program over the next 18 months.
The continuation of funding for the rehabilitation program will allow low-income homeowners to repair structurally unsound portions of their homes.
Five clients' homes have already been renovated. With the improvements finished, the homeowners will sign the mortgage and begin repayment on their portion of the remodeling.
Renovations have begun on three Warsaw residences. Four people have started the application process for the Owner-Occupied Rehabilitation Program.
The program can loan up to $25,000 to low-income Warsaw residents whose homes need improvements or structural repairs. Depending on income level the home improvement loans may be forgivable or partially payable.
The WHA provides loans to people who are unable to secure a conventional loan. All applicants must provide proof of denial of a bank loan when completing the application process.
In other business:
• Fred Hash, a Federal Home Loan Bank community investment director covering Michigan and Indiana, will attend the November meeting.
• Board president Bob Kline, board member Sherri Ruggier and executive director Vickie Provine will attend a U.S. Department of Housing and Urban Development-sponsored commissioners session workshop Thursday in Indianapolis. [[In-content Ad]]