HOUSING & ECONOMIC DEVELOPMENT

Home Rehabilitation Assistance Program


HOME REHABILITATION PROGRAM

Link to Application

Purpose:

To repair and preserve single family housing stock, thereby contributing to neighborhood revitalization and stability.

Benefits:

Up to $50,000 no-interest loan to repair current home.

Repayment Schedule:

Eligible clients over the age of 62 will not have loan repayment requirements.
Repayment Scale for Clients 18 - 61 Years old
MEDIAN INCOME
LEVEL
REPAYMENT
PERCENTAGE
DEFERED FORGIVABLE
LOAN PERCENTAGE
50% and below 0% 100%
51% - 61% 30% 70%
61% - 70% 40% 60%
71% - 80% 50% 50%

Eligibility Criteria:

  • Applicants must meet income criteria (80% or below the median income for the City of Waco)
  • Property must be in the city limits of Waco.
  • Must provide proof of ownership and have clear title to the home.
  • Applicant must not have more than 1 lien on the property, which can not be a reverse mortgage.
  • Clients who received assistance under the reconstruction program are not elgible to receive assistance under the home rehabilitation program.
  • Home must be insured and all property taxes paid in full.

More terms may apply to this program.  For more information, please contact us at 254-750-5656.

City of Waco, 80 percent of the Median,  Income Criteria as of 6.15.22
Family of 1 $39,150
Family of 2 $44,750
Family of 3 $50,350
Family of 4 $55,900
Family of 5 $60,400
Family of 6 $64,850
Family of 7 $69,350
Family of 8 $73,800
Physical improvements of the dwelling will be made based on priority, and  on a first come first approved basis.  Please call 254-750-5656 for more information.
 

Back to top


 

Equal Housing Opportunity

Waco Housing & Community Development >>