Also known as the Section 504 Home Repair program, this provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
Who may apply for this program?
To qualify, you must:
Be the homeowner and occupy the house
Be unable to obtain affordable credit elsewhere
Have a family income below 50 percent of the area median income
For grants, be age 62 or older and not be able to repay a repair loan
What is an eligible area?
Applicants may check the address of their home to determine eligibility.
How may funds be used?
Loans may be used to repair, improve or modernize homes or remove health and safety hazards
Grants must be used to remove health and safety hazards
Is there a deadline to apply?
Home loans are available year round as long as funding is available
Home loan applications are processed in the order they are received
How long does an application take?
Approval times depend on funding availability in your area. Talk to a USDA home loan specialist in your area for help with the application
Why does USDA Rural Development do this?
Helping people stay in their own home and keep it in good repair helps families and their communities. Homeownership helps families and individuals build savings over time. It strengthens communities and helps many kinds of businesses that support the local economy.
NOTE: Because citations and other information may be subject to change, please contact your local office for assistance.
- Address
-
Denver Federal Center Building 56
Room 2300 PO Box 25426
Denver,
CO
80225-0426
- Telephone
- (720) 544-2903
- Email
- codirinquiries@co.usda.gov
- Website
- rd.usda.gov/programs-services/single-family-housing-repair-loans-grants