HOUSING & ECONOMIC DEVELOPMENT

Assistance Programs


HOME REHABILITATION PROGRAM

Link to Application (Version en Español)

Purpose:

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

Benefits:

Up to $24,500 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
PRECENTAGE
DEFERED FORGIVABLE
LOAN PERCENTAGE
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 6/28/2019
Family of 1 $36,150
Family of 2 $41,300
Family of 3 $46,450
Family of 4 $51,600
Family of 5 $55,750
Family of 6 $59,900
Family of 7 $64,000
Family of 8 $68,150
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 >>