Community Housing

 

Improvement Program  

 

Trumbull County, through the Office of Housing and Community Partnerships (OHCP), was awarded CDBG Community Housing Improvement Program (CHIP) funding for FY 2008 to be utilized for various housing assistance activities through the years 2009 and 2010.  These activities include: Private Owner Housing Rehabilitation, Private Owner Home Repairs, Rental Rehabilitation, Down Payment Assistance / Rehabilitation, and Emergency Monthly Housing Assistance.                            

 

Private Owner Rehabilitation

 

The comprehensive repair and replacement of various structural components of home, both interior and exterior, determined to be deficient by our program’s inspector.  These items often include roofing, siding, windows, doors, plumbing, electrical upgrades, and lead hazard removal.

 

Principally benefits low-moderate income residents – 100% (National Objective);

Owner must live in home, have homeowners’ insurance, household meets income guidelines;

Deferred and Declining 5 year Mortgage (15% due upon sale / transfer after);

$35,000 Maximum per unit (with Lead-Based Hazard Repairs);

Two homes will be rehabbed in the Bolindale Target Area;

Two homes will be rehabbed in the Dover Target Area;

Ranking of Eligible Applicants - if necessary.

 

Home Repair

 

This activity includes repair or replacement of defective roofs, furnaces, hot water heaters, needed electrical upgrades, water damage, as well as weatherization, insulation, water, sewer, and other utility connections.  Home repair projects usually are limited to a single or a few related and necessary repairs.  This activity will be open to applicants on a county-wide basis, and will be selected by ranking and need for repair as application are received until funding is expended.

 

Principally benefits low-moderate income residents – 100% (National Objective);

Owner must live in home, have homeowners’ insurance, household meets income guidelines;

Grant – Maximum of $8,000, but $5,000 threshold adds significant costs;

Possible $22,000 septic system project following approval to exceed limit by OHCP;

Ranking of Eligible Applicants.

 

Rental Rehabilitation

 

Similar to Private Owner Rehabilitation, this activity also involves comprehensive home repairs to various aspects of the structure (same as listed under Private Owner) but in homes where either current tenants or future tenants will meet income guidelines and the landlords agree to charge no more than Fair Market Rates set by HUD. This activity will be open to applicants on a county-wide basis.

 

Principally benefits low-moderate income residents – 100% (National Objective);

Deferred 10 year Mortgage Only – (5% due upon sale / transfer afterwards);

Landlord pays 25 % of project costs - $35,000 Maximum per unit;

Landlord agrees to charge Fair Market Rates set by HUD and program monitoring during 10 year period.

 

Homeownership Assistance (Down Payment Assistance/Rehabilitation)

 

This activity provides assistance in the form of a down payment to participating lenders for the purchase of a home.  If necessary, this activity can also include rehabilitation repairs to bring the home in compliance with Residential Rehabilitation Standards.  This activity will be open to applicants on a county-wide basis.

 

Principally benefits low-moderate income residents – 100% (National Objective)

Down Payment Assistance – Maximum $7,000 or 10% (whichever is less)

Deferred 5 year Mortgage – less than $15,000 assistance

Deferred 10 year Mortgage – over $15,000 up to Maximum of $30,000.

Homebuyer Counseling required.

 

Emergency Monthly Housing Assistance (EMHA)

 

This activity involves negotiations with the lenders of eligible homeowners to make a one-time payment of delinquent mortgage payments, delinquent taxes, or utility payment to prevent or halt foreclosure proceedings.  Homeowner must be able to pay the next payment due not included in the negotiated settlement of foreclosure proceedings.  This activity will be open to applicants on a county-wide basis and will be run in conjunction with the Trumbull County Department of Job and Family Services.

 

Principally benefits low-moderate income residents – 100% (National Objective);

Grant - $1000 - $3000 for mortgage payments, delinquent taxes, utilities provided to prevent or stop foreclosure proceedings;

There is a 3 month limit on past due payments – credit counseling required.

 

For more information or to request an application please contact Greg Bugnone at 330-675-2480.