Grant/Loan Program
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Owner Occupied Housing Rehabilitation
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GOAL
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To assist low-income households in the rehabilitation of their home.
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SOURCE OF FUNDS
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HOME Investment Partnership or Community Development Block Grant (“CDBG”).
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PROGRAM DESCRIPTION
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(based on income)
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00 for income less that 50%
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15% of amount spent between 51-55%
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20% of amount spent between 56-60%
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25% of amount spent between 61-65%
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30% of amount spent between 66-70%
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35% of amount spent between 71-75%
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40% of amount spent between 76-80%
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ELIGIBLE PROPERTIES
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Property must be located in the West Greenville 45-Block Revitalization Area or within the City of Greenville city limits.
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Property must be presently owned and occupied by a low-income household.
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Property must have one or more substandard conditions but must be suitable for rehabilitation. A property may be considered not suitable for rehabilitation if it is dilapidated or deteriorated beyond feasible economic repair.
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OWNERSHIP:
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The property owner(s) must have clear title to the property. In case of heir property we must have the names and addresses for all heirs.
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CREDIT:
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The owner(s) must be current on all mortgages and taxes, and not have collections, liens or judgments from IRS, State or North Carolina, Pitt County or the City of Greenville.
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PRIMARY RESIDENCE:
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The property must be occupied by the owner for the life of the Deed of Trust. Failure to do so will result in any grant funds being repaid in full.
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INSURANCE:
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The property must be occupied by the owner for the life of the Deed of Trust. Failure to do so will result in any grant funds being repaid in full.
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Step 1. Submit Pre-Application
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Download pre-application.
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Complete the pre-application and return it to the Housing Division of the City of Greenville.
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Upon receipt of the completed pre-application your name will be placed on the Housing Rehabilitation Waiting List.
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Step 2. Complete Required Documents
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Upon request, you must submit eligibility documentation including, but not limited to the following:
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Verification of household income.
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Proof of homeownership.
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Proof of property insurance.
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