Section 504 Single Family Housing Repair Loans & Grants
US Department Of Agriculture (USDA)
Loans for 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.
About the Award:
Loans for 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.
Example Eligible IAQ Activities:
Heat Source Replacement, Mold Remediation, Ventilation Installation, Insulation Improvements
Funding Details:
- Maximum grant is $10,000
- Maximum loan is $40,000 (can be combined)
- Loans can be repaid over 20 years
National
Program Highlights:
In 2014, Marilyn Wagner, a tribal elder on the Warm Springs Reservation received a $6,846 grant to remediate health and safety hazards in her home. This included installing a new wood stove chimney and remediating moisture and rot issues with the ceiling and floor tiles. [Source]
Typical Application Period: Rolling
Notes:
Recipients of program loans hoping to fund a project on tribal trust land are required to provide a deed of trust as a form of security for the loan. As this part of the application process can be difficult to navigate, close collaboration between loan recipients, USDA, BIA, and other involved parties is recommended.
Contact:
Dependent on Region - Contact your local Rural Development Office
