Housing Assistance Programs PDF Print E-mail

ONGOING REHABILITATION PROGRAM

I. EMERGENCY GRANT PROGRAM

Maximum $5,000.00 assistance per single family owner occupied dwelling unit for damages incurred within past 60 days due to Act of God type emergencies.

EXAMPLE: Wind damage, sudden well failure, falling tree, lightning, fire, etc.

If owner has insurance coverage, we will pay the deductible. If no insurance coverage, we will pay for entire job up to $5,000 limit.

Total household income must be less than the 50% low-income limits set by H.U.D. for Lake County.

II. CDBG RENTAL REHAB LOANS

We loan 100% of money necessary to rehabilitate two or more family residential units, which are primarily rented to very low to moderate income tenants. We will loan no more than $20,000 average per unit in any one building. Interest rate is 3%, twenty-year term. Non-returnable $100.00 application fee.

III. DEFERRED PAYMENT LOAN PROGRAM

These are 0% deferred loans made to low-income owner-occupied single-family residences. Total income in the household must not exceed the 50% low-income limits established by H.U.D. Code items and energy efficiency improvements only. Owner may subsidize our loan by paying for additional repairs. Repayment is principal only anytime ownership of home is transferred. Maximum loan is $25,000.

IV. LOW INTEREST LOANS

For owner occupied single-family homes. Interest rate is 3% twenty-year for owners whose income limits for the area as established by H.U.D. House must meet all codes after rehab. Up to 40% of the loan can go toward non-code improvements. Maximum loan is $25,000.

V. WEATHERIZATION

Single-family homes occupied by 80% & below of moderate income owners may be eligible for assistance in weatherization rehabilitation (Energy Conservation) dependent on availability of funding. Various locations for this program are chosen each year.

COMPREHENSIVE HOUSE COUNSELING PROGRAM

Comprehensive Housing Counseling includes counseling and advice to potential and existing renters, homebuyers and homeowners.

The program provides a full range of services, advice, and assistance to housing consumers to assist them in improving their housing conditions and meeting the responsibilities of homeownership and tenancy.

Comprehensive Housing Counseling is limited to advice and assistance to clients in the following components:

  • Pre-Occupancy
  • Pre-Purchase
  • Pre-Rental
  • Rental Delinquency
  • Mortgage Default
  • Post-Occupancy
  • Home Improvements/Rehabilitation
  • Energy Conservation
  • Consumer Education
  • Displacement and Relocation

HOMELESS PREVENTION

Our Homeless Prevention Program, an expansion of the Housing Counseling Program, provides one time financial assistance to lower income renters or mortgagors who are in default of their monthly payment

HOMEBUYERS ASSISTANCE PROGRAM

The Homebuyer Assistance Program is designed to assist households with overcoming what is usually the biggest hurdle to such households purchasing a house: the initial cash layout (e.g. down payment, fees, closing costs, etc.). Under this program we will assist qualified households whose income does not exceed the 80% moderate-income limits for the area as established by HUD. We can provide funding for principal reduction to make homeownership a reality, however the applicant must be able to obtain private mortgage financing. The maximum assistance available is $5,000 per household for qualified buyers.

Home price cannot exceed 95% of current FHA LOAN LIMIT for Lake County.

H.U.D. ANNUAL FAMILY INCOME
PERSONS
30% VERY LOW INCOME
50% LOW INCOME
80% MODERATE INCOME
1
13,600
22,650
36,250
2
15,550
25,900
41,400
3
17,500
29,150
46,600
4
19,400
32,350
51,750
5
21,000
34,950
55,900
6
22,550
37,550
60,050
7
24,100
40,150
64,200
8+
25,650
42,750
68,350


NOTE: Lake County Community Economic Development Department’s Entitlement Area consists of:

CEDAR LAKE
DYER
CROWN POINT
GRIFFITH
HIGHLAND
HOBART
LAKE STATION
LOWELL
MERRILLVILLE
MUNSTER
NEW CHICAGO
SCHNEIDER
SCHERERVILLE
ST. JOHN
WHITING
WINFIELD

AND ALL UNINCORPORATED AREA IN LAKE COUNTY.

FUNDING FOR THESE PROGRAMS, DESIGNED TO AFFORD SAFE COMFORTABLE LIVING CONDITIONS FOR FAMILIES AND TO ELIMINATE DETERIORATION OF PROPERTIES AND NEIGHBORHOODS, IS MADE AVAILABLE THROUGH GRANTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT